DSIJ Mindshare

The markets on May 18, 2018 opened down. BSE Sensex is trading at 35,025.66, down by 123.46 points and the Nifty is trading at 10,646.95, down by 35.75 points. 

PSU Banking index was off its multiple support zone at the start of May 2018. The same bounce was misconceived as bottom fishing for the PSU Banking sector. It was just a short covering after major PSU Banks had badly fallen post Q4 results.

The telecom operator and the e-commerce major join hands to offer 40 smartphones, starting at a price of Rs. 3,399. The scheme aims to promote the use of 4G network among new smartphone users.

As a part of Government of India’s ‘Make in India’ initiative, Titagarh Wagons Limited is set to provide four vessels, two each for the Indian Navy and Ministry of Earth Sciences, respectively. The company has been successful in launching the first of the four vessels.

The company’s consolidated total income for the fourth quarter of FY18 was at Rs. 2,092 crore as compared to Rs. 2,098 crore in the corresponding quarter last year.