Airtel shares are down by almost 6%, ITC is gaining contract

Airtel shares are down by almost 6%, ITC is gaining contract

Although the first day of the week is on Monday, but this time the first day for the Indian stock market is Tuesday. In fact, due to the holiday of Eid festival, there was no trading in the domestic stock market, commodity futures market and money market on Monday. In such a situation, the stock market opened for the first time on Tuesday. The Sensex and Nifty fluctuated on Tuesday. At one time, the SENSEX had crossed the 31 thousand mark. The Sensex finished at 30,609.30 points at the close of trade with a loss of 63.2 points or 0.21 per cent. On the other hand, the Nifty was at 9,029.05 points with a loss of 10.20 points or 0.11 percent. Let’s remind you that on Friday, the Sensex lost 260.31 points to close at 30,672.59 points, or 0.84 percent, while the Nifty lost 67 points or 0.74 percent to 9,039.25.

ITC shares were up more than 4 per cent in early trading and listed at the top of 30 BSE Index stocks. ITC shares closed up 2.76 per cent at the end of the business. Let us inform you that ITC Limited, the country’s FMCG company, will buy Sunrise Foods, a big spice company. The contract could be worth around 2,000 crore Rs. ITC Limited, a company trading with diverse sectors like FMCG, Tobacco, said it would buy Sunrise Foods Pvt Ltd (SFPL), a spice manufacturer, on Sunday.

Meanwhile, Airtel shares fell 5.71 percent and closed at Rs 559.15. Actually, there are reports that Bharti Telecom is going to sell its one billion dollar shares in Bharti Airtel through a secondary market block deal. Bharti Telecom is the holding company of telecom service provider Bharti Airtel. Bharti Telecom holds a 38.79 per cent stake in Bharti Airtel, which will be reduced to 2.75 per cent after the block deal. According to exchange data, the promoter’s total stake is 58.98 per cent.