Vodafone Idea shares rose 2.3% to Rs 7.23 on Monday, extending a two-day rally of over 10%, after reports that the Prime Minister’s Office is reviewing a relief package for the debt-laden telecom operator. Proposed measures include a two-year moratorium extension, flexible repayments, lower installments, and possible penalty waivers on AGR dues of Rs 83,400 crore.
From 29,300 to 24,900: Nomura slashes Nifty target, says another 5% correction possible! Here’s why
Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows.