Asian share markets were trading in positive territory on Tuesday as investors became cautiously optimistic the new Omicron variant might not cause a widespread global economic disruption to worsen the coronavirus pandemic. SGX Nifty rose 0.21% in early deals, indicating a flat to positive start for Indian indices. On Monday, Indian share markets traded on a volatile note with the BSE Sensex up 153 points, while the Nifty rose 27 points. The shares recovered early losses to end higher on the day, boosted by gains in Reliance, Kotak Mahindra Bank and technology stocks.
Coal India approves payment of interim dividend for FY22, stock surges
Shares of Coal India surged in Tuesday’s opening deals after the miner in a regulatory filing on Monday said that the board in its meeting held approved payment of interim dividend for FY22 at ₹9 per share of the face value of ₹10 as against ₹7.5 per share announced last year.
The PSU company has fixed Friday, December 7, 2021 as the record date for the purpose of payment of interim dividend on the equity shares for the financial year 2021-22. Whereas, the date of payment of interim dividend is on and from December 21, 2021, it added.
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Nifty broad market indices
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Top gainers/losers in opening deals
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Rakesh Jhunjhunwala portfolio: Experts give ‘buy’ tag to this ₹200 bank stock
Rakesh Jhunjhunwala portfolio: Amid Omicron virus concern, stock market experts have been recommending positional investors to pick quality stocks available at discounted price. In this regard, they recommended investors to buy Canara Bank shares even though there is high volatility in the PSU bank stock on new Covid variant concern. They said that Rakesh Jhunjhunwala stock is trading below ₹200 where its risk-reward ratio is quite high.
Halt RIL-Future deal, market regulator urged
Amazon.com Inc. and a lobby of at least 15,000 small businesses have written to the markets regulator, demanding revocation of the conditional approval it has granted to the ₹24,713 crore deal for the Future Group to sell its retail assets to Reliance Industries Ltd.
The US e-commerce giant and the Confederation of…
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