Trent shares tumbled 8.3% on Thursday after its third quarter results, but regained some of the losses on Friday, rising 3.1% to close at ₹5,440. So far this year, Trent has plunged over 23.3% while Nifty declined 0.34% in the same period.
Wall Street’s major indexes fell on Friday as weak US jobs data and a sharp rise in oil prices heightened concerns about the economic outlook.
Morgan Stanley has lowered India’s rating to ‘equal weight’. This move is due to geopolitical uncertainties and oil supply concerns. The firm remains positive on
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