Asian shares slid on Thursday while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines shook investor optimism about an early recovery for the global economy.
Markets likely to edge higher; TCS in focus ahead of Q3 results
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Markets are likely to edged higher on Friday tracking firm global cues. Trends in SGX Nifty also suggest a steady opening for the Indian benchmark share indices. On Thursday the BSE Sensex ended at 48,093.32, down 80.74 points or 0.17%. The Nifty closed at 14,137.35, down 8.90 points or 0.06%.
Asian stocks opened higher on Friday, with Japan hitting a three-decade high as investors looked beyond rising coronavirus cases and political unrest in the United States and bet on an economic recovery later in the year.
BW Businessworld
Telecom Industry s Active Subscriber Tally Up By 2.5 mn In October: Report
The active subscribers are calculated based on the reported visitor location register (VLR), a key metric reflecting the number of active users on a mobile network.
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The telecom industry s active subscriber base rose by nearly 2.5 million in October 2020 to touch about 961 million, and user additions benefited from vanishing impact of SIM consolidation triggered from tariff hike, according to a latest report.
ICICI Securities, in its report crunching Trai s telecom subscription data, said Bharti Airtel s active subscribers rose about 3 million to reach nearly 320 million in October 2020, most of which was driven by total subscriber net adds, thus indicating improving quality of subscriber addition .
Updated Dec 24, 2020 | 12:18 IST
Reliance Jio saw second highest addition of new mobile subscribers in October at 2.22 million. Jio s total wireless customer base stood at 406.35 million in October. Representational image
New Delhi: Bharti Airtel outpaced Mukesh Ambani-controlled Reliance Jio in mobile subscriber addition for the second month in a row in October 2020. According to a report published by telecom regulator Trai on Wednesday the Sunil Bharti Mittal-led company added 3.67 million new customers in October, taking its total wireless customer base to 330.28 million. In September, it had regained the leadership position in subscriber addition after a gap of four years.
Reliance Jio saw second highest addition of new mobile subscribers in October at 2.22 million. Jio s total wireless customer base stood at 406.35 million in October.
Kiri Industries Ltd, Hil Ltd, Vodafone Idea Ltd and Dish TV India Ltd are among the other losers in the BSE s A group today, 24 December 2020.
Kiri Industries Ltd, Hil Ltd, Vodafone Idea Ltd and Dish TV India Ltd are among the other losers in the BSE s A group today, 24 December 2020.
Lemon Tree Hotels Ltd tumbled 5.16% to Rs 39.5 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 8.79 lakh shares were traded on the counter so far as against the average daily volumes of 16.96 lakh shares in the past one month.
Kiri Industries Ltd lost 3.84% to Rs 549. The stock was the second biggest loser in A group.On the BSE, 18534 shares were traded on the counter so far as against the average daily volumes of 24824 shares in the past one month.