Vodafone Financial News

Bharat Forge Ltd.(up 2.53 per cent), Sona BLW Precision Forgings Ltd.(up 2.42 per cent), Balkrishna Industries Ltd.(up 1.49 per cent), Bosch Ltd.(up 1.04 per cent) and Eicher Motors Ltd.(up 0.95 per cent) were among the top gainers. Tube Investments of India Ltd.(down 0.75 per cent) were the top losers on the index. The Nifty Auto index was up 0.8 per cent at 16123.15 at the time of writing this report. Benchmark NSE Nifty50 index was up 55.25 points at 20125.25, while the BSE Sensex was up 95.89 points at 67562.88. Among the 50 stocks in the Nifty index, 36 were trading in the green, while 13 were in the red. Shares of JP Power, Suzlon Energy, NBCC, Indian Railway Fin and Vodafone Idea were among the most traded shares on the NSE. Shares of Bombay Dyeing, Silver Touch Tech, Dalmia Bharat, Avadh Sugar Energy and Mawana Sugars hit their fresh 52-week highs in today's trade, while Penta Gold, Vaxtex Cotfab and Mono Pharmacare hit fresh 52-week lows in trade.

«People are misusing genuine OTT platforms to bypass the system because they are not regulated, they are not subject to any security regulations.

telecom carriers— Reliance Jio, Bharti Airtel and Vodafone Idea have completed the Telecom Commercial Communications Customer Preference Regulations (TCCCPR) trials for voice and are readying a strategy to implement the regulatory framework. «The framework is already ready. Trials have been done, and very soon it (TCCCPR) will be rolled out.

Vodafone Idea has introduced Vi Priority, a service aimed at retaining its high paying post-paid customers, as it finds the segment increasingly vulnerable to poaching by competitors Bharti Airtel and Reliance Jio which have rolled out 5G services in various parts of the country. The new feature is available for post-paid subscribers of plans of ₹699 and above a month and includes facilities such as premium call centre service and priority service at all physical Vi stories, the telecom operator said.

Bharti Airtel's contingent liabilities stemming from demands raised by the Department of Telecommunications (DoT) has more than doubled between FY18 and FY23, and the biggest component is one-time spectrum charge (OTSC) dues. “Airtel’s contingent liabilities pertaining to DoT claims have seen a sharp jump year-on-year, from Rs 4,100 crore in FY18 to Rs 11,500 crore in FY23, (and) the largest component within this is OTSC,” IIFL Securities said, analysing company data. A contingent liability is, typically, disclosed where there is a possible obligation or a present obligation that may require an outflow of resources. It is seen as a potential loss that may occur depending on the outcome of a specific event. As per an Airtel filing to BSE last month, the telco’s OTSC dues to DoT are estimated at a whopping Rs 15,178 crore.

Sensex jumped 528 points to regain the 67,000 level, while Nifty scaled record 20,000-mark for the first time as robust buying by domestic investors helped equity markets extend the winning run to the seventh straight session on Monday. Stocks that were in focus included names like Tata Power, which rose 6.67%, Natco Pharma, which fell 8%, and Coffee Day, whose shares declined 14.88% on Monday. Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.Vodafone Idea — Sell on riseStock is showing stupendous momentum from the last several weeks and making new highs every week. However we feel stock has approached the resistance area from where it has reversed multiple times. The stock is also approaching its 200 WEMA and it seems crossing it will be not easy. Hence, the stock will be a sell on rise candidate for targets of 10.50 and 9.60 with stop above 13.Natco Pharma — SellWe have seen a gap down opening after facing resistance at 61.8% fibonacci retracement level and it has also violated 50% retracement level calculated from previous pick to latest low. The stock is getting some supply pressure from higher levels and momentum indicators MACD and 14 RSI compliments the supply pressure.

Vodafone Idea shares jumped 10% to their 52-week high of Rs 12 on the NSE on Monday following 50% payment of their licence fees and spectrum usage charge (SUC) dues for the March quarter. The company has also assured the Department of Telecommunications (DoT) that 90% of the dues for the June quarter will be cleared in a staggered manner along with interest payment. The price action witnessed strong volume action in the stock with over 35.76 crore shares changing hands on the NSE in the intraday trade around 12 pm.

Shares of Sobha Ltd.(up 10.89 per cent), Macrotech Developers Ltd.(up 3.52 per cent), Prestige Estates Projects Ltd.(up 2.43 per cent), Mahindra Lifespace Developers Ltd.(up 2.4 per cent) and Godrej Properties Ltd.(up 2.22 per cent) ended the day as top gainers in the pack. On the other hand, Indiabulls Real Estate Ltd.(down 2.31 per cent) finished as the top losers of the day. The Nifty Realty index closed 2.12 per cent up at 591.4. Benchmark NSE Nifty50 index ended up 92.9 points at 19819.95, while the BSE Sensex stood up 333.35 points at 66598.91. Among the 50 stocks in the Nifty index, 32 ended in the green, while 18 closed in the red. Shares of Vodafone Idea, JP Power, Indian Railway Fin, Reliance Power and YES Bank were among the most traded shares on the NSE. Shares of IndiaPowerCorp, Bombay Burmah, Trans & Rectif, Emmbi Industries and Power Finance Corp.

Shares of Tech Mahindra Ltd.(up 1.62 per cent), HCL Technologies Ltd.(up 1.46 per cent), LTIMindtree Ltd.(up 1.45 per cent), Wipro Ltd.(up 0.82 per cent) and Tata Consultancy Services Ltd.(up 0.73 per cent) ended the day as top gainers in the pack. On the other hand, Infosys Ltd.(down 0.76 per cent), Persistent Systems Ltd.(down 0.29 per cent), MphasiS Ltd.(down 0.29 per cent) and Coforge Ltd.(down 0.27 per cent) finished as the top losers of the day. The Nifty IT index closed 0.42 per cent up at 32448.35. Benchmark NSE Nifty50 index ended up 116.0 points at 19727.05, while the BSE Sensex stood up 385.04 points at 66265.56. Among the 50 stocks in the Nifty index, 33 ended in the green, while 17 closed in the red. Shares of JP Power, Vodafone Idea, YES Bank, Indian Railway Fin and Suzlon Energy were among the most traded shares on the NSE. Shares of Cochin Shipyard, Usha Martin, GTL Ltd, Responsive Ind.

Relative Strength Index (RSI). On September 6, Wednesday, our data from StockEdge revealed that over 100 stocks were trading in an overbought zone. ETMarkets, however, has handpicked 10 stocks from this list that deserve a closer look. RSI is a momentum oscillator that measures the speed and change of price movements.

Punjab National Bank(up 1.59 per cent), Federal Bank Ltd.(up 1.25 per cent), State Bank of India(up 0.65 per cent), Au Small Finance Bank Ltd.(up 0.5 per cent) and ICICI Bank Ltd.(up 0.39 per cent) were among the top gainers. IDFC First Bank Ltd.(down 0.66 per cent) were the top losers on the index. The Nifty Bank index was up 0.23 per cent at 44512.75 at the time of writing this report. Benchmark NSE Nifty50 index was up 7.45 points at 19618.5, while the BSE Sensex was up 19.25 points at 65899.77. Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red. Shares of JP Power, Indian Railway Fin, Vodafone Idea, YES Bank and Reliance Power were among the most traded shares on the NSE. Shares of Responsive Ind., Cochin Shipyard, Usha Martin, TVS Supply Chain Sol and GRSE hit their fresh 52-week highs in today's trade, while Bombay Metrics Suppl, Penta Gold, Redtape L, Sanco Industries and Pyramid Technoplast hit fresh 52-week lows in trade.

L&T Technology Services Ltd.(up 0.77 per cent), Wipro Ltd.(up 0.29 per cent), MphasiS Ltd.(up 0.23 per cent), Tata Consultancy Services Ltd.(up 0.08 per cent) and Tech Mahindra Ltd.(up 0.06 per cent) were among the top gainers. Coforge Ltd.(down 1.43 per cent), Infosys Ltd.(down 0.47 per cent), Persistent Systems Ltd.(down 0.32 per cent), HCL Technologies Ltd.(down 0.12 per cent) and LTIMindtree Ltd.(down 0.01 per cent) were the top losers on the index. The Nifty IT index was down 0.13 per cent at 32271.1 at the time of writing this report. Benchmark NSE Nifty50 index was down 25.5 points at 19585.55, while the BSE Sensex was down 97.56 points at 65782.96. Among the 50 stocks in the Nifty index, 19 were trading in the green, while 30 were in the red. Shares of JP Power, Indian Railway Fin, Vodafone Idea, YES Bank and Zomato were among the most traded shares on the NSE. Shares of Responsive Ind., Usha Martin, Cochin Shipyard, IOL Chemicals and Onward Tech hit their fresh 52-week highs in today's trade, while Penta Gold, Bombay Metrics Suppl, Redtape L, Atam Valves and Pyramid Technoplast hit fresh 52-week lows in trade.

Vodafone Idea and Bharti Airtel have deployed network enhancement measures to ensure connectivity in key areas of the national capital where the events of the G20 Summit will take place. Efforts towards network enhancement include additional fibre layout, indoor cell installation, and overall network augmentation in areas expected to see higher density of usage during the event, industry executives said. «Telcos recognise the potential for network congestion for an event of this scale and have taken steps to prevent any lag in connectivity especially at the two main venues-Pragati Maidan and the Dwarka Convention Centre,» an industry executive said. For example, Jio has deployed additional fibre around Pragati Maidan, in addition to augmenting its network from the airport, along the connecting roadways, right up to the two venues.

Shares of Persistent Systems Ltd.(up 0.53 per cent), Coforge Ltd.(up 0.25 per cent), L&T Technology Services Ltd.(up 0.19 per cent), HCL Technologies Ltd.(up 0.02 per cent) and Tata Consultancy Services Ltd.(up 0.01 per cent) ended the day as top gainers in the pack. On the other hand, MphasiS Ltd.(down 1.82 per cent), Wipro Ltd.(down 0.59 per cent), Tech Mahindra Ltd.(down 0.44 per cent), LTIMindtree Ltd.(down 0.34 per cent) and Infosys Ltd.(down 0.09 per cent) finished as the top losers of the day. The Nifty IT index closed 0.16 per cent down at 32312.3. Benchmark NSE Nifty50 index ended up 36.15 points at 19611.05, while the BSE Sensex stood up 100.26 points at 65880.52. Among the 50 stocks in the Nifty index, 30 ended in the green, while 20 closed in the red. Shares of Vodafone Idea, Reliance Power, JP Power, Indian Railway Fin and YES Bank were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Fidel Softech, Udayshivakumar Infra, FACT and Orient Paper hit their fresh 52-week highs in today's trade, while Bombay Metrics Suppl, SS Infrastructure, Penta Gold, Redtape L and PowerGrid Infa InvIT hit their fresh 52-week lows.

Out of the ten most bought funds for the period, half were trackers either from Vanguard, L&G or HSBC.

Neeraj Mittal Wednesday assumed charge as the new Department of Telecommunications (DoT) secretary. Mittal, a Tamil Nadu cadre 1992-batch Indian Administrative Service (IAS) officer, will now shortly meet telecom minister Ashwini Vaishnaw, as well as all the senior officials of the department. The senior bureaucrat is taking charge of DoT at a time when key issues pertaining to the sector need to be finalized. For instance, he will be tasked to decide on the critical issue of spectrum, particularly satellite airwaves, E and V band spectrum as well as 6 GHz spectrum.

Reliance Jio has shared with Telecom Regulatory Authority of India (Trai) a recent decision taken by New Zealand government allowing use of 24-30 GHz spectrum, part of Ka band, for satellite and mobile services to highlight its point. Jio has stressed that the suggestion for flexible use of spectrum is based upon the latest changes in technology and standards which have allowed the creation of integrated and converged networks. As per Trai’s consultation paper on assignment of spectrum for space-based communication services, Ku band ranges from 10 GHz to 15 GHz while Ka band ranges from 17 GHz to 31 GHz. As per Jio, the New Zealand government has agreed to allocate 24.25-27.5 GHz primarily for mobile use, with an option to include some satellite services in some areas. Bands in the 27.5-28.35 GHz range are to be shared for mobile and satellite services while 28.35-29.5 GHz to be allocated for satellite services with the option to include some mobile use. “The above decisions clearly show that the New Zealand government has recognised the need for flexible use of spectrum in the wake of imminent technological convergence in telecommunication networks under integrated and converged satellite and terrestrial networks,” Jio said in a letter dated September 5 to Trai chairman PD Vaghela. As per Trai, Ku band can be used for both fixed satellite services and mobile satellite services.

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Shares of Samvardhana Motherson International Ltd.(up 4.65 per cent), Tube Investments of India Ltd.(up 2.21 per cent), Eicher Motors Ltd.(up 0.99 per cent), Balkrishna Industries Ltd.(up 0.93 per cent) and Bharat Forge Ltd.(up 0.59 per cent) ended the day as top gainers in the pack. On the other hand, Sona BLW Precision Forgings Ltd.(down 1.51 per cent), Mahindra & Mahindra Ltd.(down 0.97 per cent), Bajaj Auto Ltd.(down 0.67 per cent), Tata Motors Ltd.(down 0.35 per cent) and Ashok Leyland Ltd.(down 0.24 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.1 per cent up at 15943.6. Benchmark NSE Nifty50 index ended up 93.5 points at 19528.8, while the BSE Sensex stood up 240.98 points at 65628.14. Among the 50 stocks in the Nifty index, 31 ended in the green, while 19 closed in the red. Shares of YES Bank, Indian Railway Fin, JP Power, Vodafone Idea and Rail Vikas Nigam were among the most traded shares on the NSE. Shares of MMTC, Indian Railway Fin, De Neers Tools, All E Technologies and JP Associates hit their fresh 52-week highs in today's trade, while CMI Ltd, Penta Gold, Rajvir Ind, FutureLifestyleFash and Sanco Industries hit their fresh 52-week lows.

Here's how analysts read the market pulse:«Investor sentiments were mostly cloudy due to mixed market trends on the global and domestic fronts. Concerns about the progress of US policy measures weighed on both domestic and global markets after the Fed Chair expressed his commitment to managing inflation within target bounds.

postpaid segment, Vodafone Idea has rejigged its postpaid plan structure with a feature called Vi Max which allows the customers choose the benefits they want with their plan. The new plans are available as individual and family plans with the choice of benefits across four major segments – entertainment, food, travel, and mobile security, the cash-strapped telco said in a statement Saturday. “Vi Max is not only about connectivity but also designed with an intent to empower our valued customers to determine the features that are most useful for an optimal experience as well as value for money,” Avneesh Khosla, chief marketing officer, Vi said in the statement. All plans will continue to offer use of Vi’s content features like Vi Games, Vi Music, Vi Jobs & Education, Vi Movies & TV, in addition to features like ‘set your own limit’ which allows users to set the credit limit on their account, and priority customer service. Vi’s partners for these benefits include Amazon Prime, Disney+Hotstar, SonyLiv, and SunNXT in entertainment, EazyDiner in the food category, EaseMyTrip and MakeMyTrip in the travel category, Norton Anti-Virus in the security category. Since mobile usage patterns differ from person to person as per their requirement, choice allows the users the ability to choose their preferred benefits across the four segments, the telco said in a media statement. So far, telcos have offered higher priced postpaid plans with multiple benefits across OTT content platforms and subscriptions to digital services, but they have been pre-bundled with no choice in choosing the benefit to avail. The number of benefits customers can choose from while using Vi Max depends on the price of the plan.