Sat, Apr 20, 2024 6:58 PM
Weekend Wrap: From Indus Towers to Linde India top market movers this week
A Flip by Shubhangi Gupta
Bharti Hexacom and Go Digit General Insurance shares are the latest additions to the FTSE index, according to the latest readjustment which also saw an increase in weightage of heavyweight stocks like ICICI Bank, Bajaj Finance and Kotak Mahindra Bank. The FTSE indices readjustment will be effective Monday, December 23 and the adjustment took place on Friday, December 20.
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Indonesia claimed victory after Apple Inc. offered to increase its investment in the country to $1 billion to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived. Indonesia needs a manufacturing revival to create jobs and boost economic activity to meet Prabowo’s target of 8% annual growth in the next five years.
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📌Insurance sector stocks are likely to remain in focus on Monday as the GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums. 📌Major global markets will be closed on Wednesday December 25, 2025 on account of Christmas. 📌The rupee saw a recovery from its all-time low level and appreciated 9 paise to close at 85.04 against the USD on Friday.
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