Stock Market LIVE Updates: Sensex nears 60K, Nifty nears 17,800.

“Bharti Airtel’s rights issue at Rs 535 a share is attractively priced considering the current market price of around Rs 730. The recent telecom package declared by the government addresses most of the issues that the industry has been facing for some time now. India’s telecom industry is now practically a duopoly with Ril Jio and Bharti Airtel dominating the industry. Bharti’s 35 crore customers, growing steadily, and the launch of 5G shortly bode well for the company in the years ahead.

– VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Bharti Airtel rights issue to open on Oct 5

Shares of telecom operator Bharti Airtel climbed about a per cent after the company Rs 21,000 crore rights issue will open on October 5, according to a regulatory filing. The company has fixed September 28 as the record date for rights entitlement in the issue.

How to trade Bank Nifty today: Motilal Oswal

Overall trend is likely to remain consolidative in broader range and need to holds above 37000 zones for a bounce towards 37350 zones while on downside major support exists at 36500 levels. Option traders are suggested to trade with nearby Call like 36900, 37000 strikes or Bull Call spread Ladder.

Zee pares early gains but still trades in green

Price as on 23 Sep, 2021 10:41 AM, Click on company names for their live prices.

Trading calls from ICICI Sec

RBL Bank gains 2% as CEO & MD gets fourth term

Shares of RBL Bank rose 1.8 per cent to Rs 182.40 after an overwhelming 99.94 per cent of the bank’s shareholders approved the reappointment of Vishwavir Ahuja as the managing director and chief executive for the fourth term beginning June this year. Ahuja joined the bank in 2010 from Bank of America and has been the force behind the successful listing of the lender in August 2016.

Vodafone Idea advances 3% on management commentary

Shares of Vodafone Idea gained 3 per cent to Rs 10.71 after managing director Ravinder Takkar said the telecom operator said will survive and be competitive in the market and will invest the cash saved through the 4-year moratorium on AGR and spectrum payments into expanding its network and participating in 5G auctions instead of repaying debt.

Kalpataru Power climbs 4% on winning Rs 236 crore arbitration award

The stock rose 3.87 per cent to Rs 412.20 after the BSE-listed company won an arbitration award of more than $32 million (about Rs 236 crore) against the Rwanda Energy Group. The dispute was over a contract to install and commission a 220 KV power transmission network interconnecting the Democratic Republic of the Congo and Rwanda in Central Africa.

Bharti Airtel rights issue to open on Oct 5; record date fixed at Sept 28

Price as on 23 Sep, 2021…