GMR Airports Infrastructure is currently developing two significant greenfield airport projects - one in Bhogapuram, Andhra Pradesh, and the other in Heraklion, Crete, Greece, in collaboration with construction company GEK Terna. The passenger traffic at Delhi and Hyderabad airports is consistently increasing, reaching the highest year-to-date (YTD) levels recorded.
Radhika Gupta cited the example of Christmas and the Chinese New Year. She said Christmas time off started after the 15th of December and continued through the New Year. "In China, Chinese New Year has a long holiday."
Vodafone Idea has formed a new 52-week high on Wednesday. Fundamentally, the company is expected to secure funding (~Rs 20,000 crore in the form of debt and equity) from investors as per the latest earnings conference call.
The S&P BSE Sensex fell by over 200 points while the Nifty50 managed to hold on to 19600 levels. Sectorally, buying was seen in auto, consumer durables, and FMCG stocks while metal, energy, oil & gas and power stocks saw some selling pressure