Dredging Corporation rallied 10 percent on top of 20 percent jump seen in previous session post divestment news.
India will be the only country where telecom sector's revenue will continue to decline for sometime whereas rest of the markets in Asia will witness growth, Moody's Investors Service said.
"India (Baa3 positive) will be the only country in Asia where industry-wide revenue is declining due to unprecedented price competition spurred by a new entrant. In the other emerging countries, we expect revenue growth of about 3.5 per cent in 2018, lower than forecast GDP growth of about 5.8 per cent," Moody's said in its outlook for Asia Pacific's telecom industry.
"India (Baa3 positive) will be the only country in Asia where industry-wide revenue is declining due to unprecedented price competition spurred by a new entrant. In the other emerging countries, we expect revenue growth of about 3.5 per cent in 2018, lower than forecast GDP growth of about 5.8 per cent," Moody's said in its outlook for Asia Pacific's telecom industry.
9:25 am Capex: Telecom major Bharti Airtel said that it will invest Rs 25,000 crore in expanding and strengthening its 4G network during the ongoing fiscal year instead of Rs 20,000 crore announced earlier.
"Considering the data explosion in India... to accelerate our 4G roll out in terms of coverage and also build additional capacities in existing geographies..our capex forecast for the year is being upped from initial guidance of Rs 20,000 crore to Rs 25,000 crore," Bharti Airtel Chief Financial Officer Nilanjan Roy said during earnings call.
The company also said that it is likely to shut down its 3G network in 3-4 years and refarm the spectrum linked with it for 4G services.
"There is almost no spent that we are doing on 3G. Our view is in next 3-4 years we are likely to see 3G network actually shut down faster than 2G network because there are still 50 per cent of phone being shipped out in India that are feature phones," Gopal Vittal, MD and CEO, India and South Asia, Bharti Airtel, said during earnings call.
9:20 am Buzzing: Shares of Divis Laboratories advanced 20 percent in early trade on the back of lifting of import alert by the US health regulator.
".....has been informed by the USFDA that it will be lifting the import alert 66-40 and moving to close out the warning letter issued to the company's unit-II at Visakhapatnam," as per company release.
In the month of March the USFDA had issued import alert for the said facility under the two clauses 66-40 and 99-32 of the FDA regulations.
News Live: US generic drug price-fixing conspiracy jolts Sun Pharma, Dr Reddy’s, Glenmark
9:15 am Market Check: Equity benchmarks opened flat on Thursday after the Federal Reserve kept interest rate unchanged in policy meeting.
The 30-share BSE Sensex was down 8.11 points at 33,592.16 and the 50-share NSE Nifty fell 6.10 points to 10,434.40.
Aurobindo Pharma, Lupin, Sun Pharma, HCL Technologies, Bajaj Auto, Cipla, HPCL, BPCL and Yes Bank were early gainers. Axis Bank, SBI, NTPC, ONGC, HUL and Hindalco were early losers.
After earnings, Tech Mahindra was down 2 percent while Hexaware gained 4 percent.
Dredging Corporation rallied 10 percent on top of 20 percent jump seen in previous session post divestment news.
After Q2 earnings, Shriram Transport and TCI Express rallied 2-6 percent while Apollo Tyres, Camlin Fine, Eclerx Services, Mahindra Holidays, Music Broadcast and Apar Industries fell 1-6 percent.
Jindal Steel and JSW Energy fell 2-3 percent. Rain Industries and Hindustan Copper rallied 3-7 percent.
"Considering the data explosion in India... to accelerate our 4G roll out in terms of coverage and also build additional capacities in existing geographies..our capex forecast for the year is being upped from initial guidance of Rs 20,000 crore to Rs 25,000 crore," Bharti Airtel Chief Financial Officer Nilanjan Roy said during earnings call.
The company also said that it is likely to shut down its 3G network in 3-4 years and refarm the spectrum linked with it for 4G services.
"There is almost no spent that we are doing on 3G. Our view is in next 3-4 years we are likely to see 3G network actually shut down faster than 2G network because there are still 50 per cent of phone being shipped out in India that are feature phones," Gopal Vittal, MD and CEO, India and South Asia, Bharti Airtel, said during earnings call.
9:20 am Buzzing: Shares of Divis Laboratories advanced 20 percent in early trade on the back of lifting of import alert by the US health regulator.
".....has been informed by the USFDA that it will be lifting the import alert 66-40 and moving to close out the warning letter issued to the company's unit-II at Visakhapatnam," as per company release.
In the month of March the USFDA had issued import alert for the said facility under the two clauses 66-40 and 99-32 of the FDA regulations.
News Live: US generic drug price-fixing conspiracy jolts Sun Pharma, Dr Reddy’s, Glenmark
9:15 am Market Check: Equity benchmarks opened flat on Thursday after the Federal Reserve kept interest rate unchanged in policy meeting.
The 30-share BSE Sensex was down 8.11 points at 33,592.16 and the 50-share NSE Nifty fell 6.10 points to 10,434.40.
Aurobindo Pharma, Lupin, Sun Pharma, HCL Technologies, Bajaj Auto, Cipla, HPCL, BPCL and Yes Bank were early gainers. Axis Bank, SBI, NTPC, ONGC, HUL and Hindalco were early losers.
After earnings, Tech Mahindra was down 2 percent while Hexaware gained 4 percent.
Dredging Corporation rallied 10 percent on top of 20 percent jump seen in previous session post divestment news.
After Q2 earnings, Shriram Transport and TCI Express rallied 2-6 percent while Apollo Tyres, Camlin Fine, Eclerx Services, Mahindra Holidays, Music Broadcast and Apar Industries fell 1-6 percent.
Jindal Steel and JSW Energy fell 2-3 percent. Rain Industries and Hindustan Copper rallied 3-7 percent.
We Are SEBI Registered and ISO Certified Investment Advisor, We Are
Providing 2 day’s free trial in all segments like Equity, Commodity And
Forex, We also Provides services for Stock Investing Tips Stock market tips, HNI Tips
Intraday Tips and many more tips regarding Share market Services. For
More Details Call us On +91-8109999233, or Go through this link http://bit.ly/2t5Gmcv and register now free.
No comments:
Post a Comment