"The market falls on two of three occasions in the 30 days post the budget. The probability of such a fall rises to 80% if the market has risen in the 30 days preceding the budget. Only twice in 30 years has the market been up both pre and post the budget," the brokerage said.

Key levels would be 17,770-17,800 on the downside and 18,250 zone on the upside which if breached decisively can trigger for fresh upside move

Kotak Institutional Equities has a 'buy' rating on the stock with a target price of Rs 43

“Midcap stocks is the flavour of this quarter, so we have selected the best of the pack. GMR Infra on the quarterly charts has tested the levels of 10 twice (30.09.2013 & 30.12.2016 quarter) & has formed a double bottom pattern,” Sujit Deodhar, Head - Technical Analyst, Wellworth Share & Stock Broking, said.

The investment by NIIF will include the Rs 631 crore in the greenfield international airport at Mopa (Goa), which is set for inauguration on December 11.

Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside.

GMR Hyderabad International Airport is a step-down subsidiary of the listed GMR Airports Infrastructure Limited. It is the majority shareholder of Rajiv Gandhi International Airport at Hyderabad.

Earlier this month, the Board of GMR Infrastructure also approved raising funds of up to Rs 6,000 crore via foreign currency convertible bonds and/or any other security.

GMR Group is operating the airports at Delhi, Hyderabad and Bidar (Karnataka) apart from Cebu airport. Among others, it is also developing airports in Greece and Indonesia. GMR Airports International BV (GAIBV) is a step-down subsidiary of GMR Infrastructure Ltd and a direct subsidiary of GMR Airports Ltd. Shares of GMR Infrastructure rose 2.86% to Rs 39.50 apiece in morning trade on BSE.

The positive impact of the MOPA mega project may cascade to other nearby regions such as Morjim, Assagao, Siolim, etc where the real estate demand will receive a boost, as per a research by 360 Realtors.

Simultaneously with the above, the transaction likewise involves the issuance by megawide and GAIBV of exchangeable notes for Rs 1,100 crore each aggregating to an amount of Rs 2,200 crore (Notes). The Notes will mature on 30th October, 2024 and will be exchanged by AIC for the remaining around 66 per cent plus 1 share of GMCACs outstanding capital stock.

The agreement involves GMCAC’s issuance of primary shares and the transfer of secondary shares

GMR Sports is focused on homegrown sports leagues including Pro Kabaddi League and Ultimate Kho Kho. In addition, the company is also looking at investing in overseas cricket leagues.

Some of the big purchases by fund managers in July were UPL, Escorts Kubota, Shriram City Union Finance and Britannia. Among small-cap stocks, mutual funds bought Sapphire Foods, GMR Infra, Minda and Eureka Forbes among others.

GMR Infrastructure in its performance highlights said Delhi Airport and Hyderabad Airports exhibited strong recovery of international traffic at 79 per cent and 87 per cent of pre-Covid levels, respectively.

Asian stocks opened mostly higher on Friday, extending rallies on Wall Street, after a contraction of the US economy sparked expectations of a slowdown in Federal Reserve rate hikes. MSCI's index of Asia-Pacific shares outside Japan was up by merely 0.05 per cent.

The joint venture formally took over the operations of Medan airport in the presence of Budi Karya Sumadi, Minister of Transportation; Erick Thohir, Minister of State-Owned Enterprises; Edy Rachmayadi, Governor of North Sumatra, and Muhammad Awaluddin - President Director, Angkasa Pura II.

The trio invested in five-year bonds of the GMR Group-promoted company wherein 9.52% coupon would be paid for the first three years and 9.98% for the remaining two years, they said.

The move will help in the reduction of energy emissions of 2 lakh tonnes CO2 per year, a significant step toward achieving Net Zero Carbon Emission Airport by 2030. Approximately 6% of the airports electricity requirement is met from the onsite solar power plants. These plants are on the airside and on the roofs of the Cargo terminals.

The central government has recently launched the Agnipath scheme for youth willing to join the Armed Forces and serve the country.

The Delhi airport has always set new benchmark in providing the best airport experience to all its passengers and will continue to do so, he said. The Skytrax World Airport Awards are based on annual global airport customer satisfaction survey assessing customer service and facilities across 500 airports, the statement said.

According to the data, DVI Fund Mauritius sold a total of 19,84,17,768 shares, amounting to 3.28 per cent stake in the company.

The Nifty Bank index closed 0.12 per cent up at 34290.15.

The Nifty Realty index closed 1.21 per cent down at 392.0.

The Nifty Auto index closed 0.01 per cent up at 11116.3.

The Nifty Pharma index closed 1.53 per cent down at 12691.6.

Shares of Great Eastern Shipping Company will go ex-dividend today. The company had announced an interim dividend of Rs 5.40 per share.

Major Asian stocks rose in morning trade on Tuesday despite Wall Street stocks finishing mostly lower on weak Chinese economic data. MSCI's index of Asia-Pacific shares outside Japan was up 1.01 per cent.