Fri, Oct 4, 2024 10:19 AM
India loses top spot! Foreign investors offload $3 billion in three session
A Flip by Avya Verma
While Nifty ended with a weak-on-weak decline of 4.9% on Friday, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 5,683 crore on screen, which included both buying and selling action. In the largecap segment, 15 companies witnessed significant block deals on the screen worth Rs 2,477 crore.
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Anil Ambani's flagship firm Reliance Infrastructure Ltd on Friday (December 20) said it has been ordered to pay ₹494 crore, along with interest, following an arbitral award passed on December 18, 2024, in a dispute with Aravali Power Company Private Ltd (APCPL) over an EPC contract. "..it is hereby informed that today the company is in receipt of an arbitral award dated December 18, 2024.
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Spot gold, reeling under the huge downside pressure due to lack of China’s stimulus details, strong US data and the Fed’s hawkish shift in its monetary policy announced on Wednesday fell below $2600, though it recovered some of its losses in the last two trading days of the week. The metal closed with a gain of 1.13% at $2624 on Friday.
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