Sensex, Nifty End Higher For Third Day; Jet Airways Jumps Nearly 9%
- November 28, 2018
- Posted by: W-AdmiN
- Category: Uncategorized
Bloomberg Exclusive: Leela Suitor Is Said To Plan Overseas Expansion For Indian Chain
A consortium including investment firm Trinity White City Ventures is planning to aggressively expand Hotel Leelaventure Ltd. if its bid for the Indian hospitality firm is successful, Bloomberg reported.
The investor group plans to expand Hotel Leelaventure’s business in India, Asia and other parts of the world after fixing its immediate financial issues, according to a letter to the company and its creditors obtained by Bloomberg. The consortium, which is also backed by Thailand’s Minor International Pcl, has earmarked $100 million for growing the Mumbai-based hotel chain, the letter shows.
Closing Bell: Sensex, Nifty End Higher For Third Day
Indian equity benchmarks ended higher for the third day, led by the gains in Tata Consultancy Services Ltd. and Reliance Industries Ltd.
The S&P BSE Sensex Index ended 0.57 percent higher at 35,716.95 and the NSE Nifty 50 Index ended at 10,728.85, up 0.4 percent.
The market breadth, however, was tilted in favour of sellers. About 1,131 stocks declined and 593 shares advanced on NSE.
Six out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty PSU abnk Index’s 1.9 percent decline. On the flipside, the NSE Nifty IT Index was the top sectoral gainer, up 2.86 percent.