Market Continues to Grow, Airtel Shares Declined with a Huge Margin

On the last trading day of the week, on Friday, the momentum of the Sensex and Nifty continued.
Market Continues to Grow, Airtel Shares Declined with a Huge Margin

Friday started well for the Indian stock market. In the first minutes of trading, the SENSEX rose to 250 points and reached the level of 40 thousand 850 points. At the same time, the Nifty rose up to 70 points and once again crossed the psychological level of 12 thousand.

Airtel Shareholding

Talking about BSE index, Airtel shares fell by 2 per cent in early trade. In fact, on Thursday, Union Telecom Minister Ravi Shankar Prasad told the Rajya Sabha that telecom companies will not be exempted on the basis of Adjusted grass revenue (AGR).

Please tell that the telecom companies have filed reconsideration petitions in the Supreme Court on the AGR dues, demanding an exemption of penalty and interest charges. Bharti Airtel has to pay Rs 43,000 crore as AGR dues. Meanwhile, in the case of rising stocks, Tata Motors, Vedanta, Tata Steel, Yes Bank, SBI, Mahindra, Axis Bank, Maruti and IndusInd Bank are included.

Ujjivan Small Finance Bank rolled down

Meanwhile, Ujjivan Small Finance Bank shares fell on the second day. Earlier on Thursday, the company's stock was listed with a gain of 57 percent. The company's stock was listed at Rs 58 on the Bombay Stock Exchange while the issue price was Rs 37. During trading it went down to 53.10 but finally closed at 55.90. The stock opened at 58.75 on the National Stock Exchange and soon reached the day's high of 62.80. The stock finally closed at 55.30. The company had a market cap of Rs 9,660.77 crore at the end of trading on Monday. Explain that the bank had launched an IPO during December 2 to 4, which received applications from more than 165 times.

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