Shares rose 3 percent in premarket trading as the carrier’s results marked a bright spot in the U.S. telecom market in which Verizon Communications Inc and AT&T Inc cautioned that subscribers were feeling the heat of rising cost of living.
Last two-three days have been interesting, one-two old adages have been proving right. This morning what could prove right is that a fearful bear is the most powerful bull or the biggest bull.
It is the day after the big storm. Yesterday the first half was all euphoria, Sensex hitting 30,000 and second half was all panic, the Sensex going back to 29,500. Anuj Singhal of CNBC-TV18 has more details.
Today it appears that the Nifty is going to start up in the green but just going by the FII flows, it is not looking too good because just this month, we have seen that the FIIs have sold close to around Rs 5,000 crore approximately and global markets have sold off between 3 percent and 10 percent. Nigel D‘Souza of CNBC-TV18 has more details.