A few days ago, the farmers protest called out to boycott services offered by major corporate bands, including Adani and Reliance.

However rivals Airtel and Vodafone Idea(Vi), have refuted the charges calling it “baseless”.

In a letter to the Trai, jio blamed Airtel and Vi of launching a “vicious” campaign . The telecom company said that “large number of port requests” , wherein the customers are citing this as the sole reason for porting out Jio without any complaints or other issues related to its services.

“This is further to our aforementioned letter dated 28 September 2020 highlighting the unethical and anti-competitive MNP campaign, being run by Airtel and Vi to capitalize on the ongoing farmers’ protests in the northern parts of the country,” the letter by Jio went on to add.

Meanwhile Airtel has termed the charges levelled against it by Jio as “baseless”. “Despite being provoked by some competitors who we know will go to any length to make baseless allegations, adopt bullying tactics and use intimidatory behaviour we have always conducted our business with character and transparency something that we are deeply proud of and known for,” Bharti Airtel said in a statement.

Vodafone India, now Vi, also issued a statement to that effect saying, “Vi believes in doing business with ethics. These are baseless allegations against us to malign our reputation. We strongly refute such irresponsible comments on us.”

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The Sensex closed at 43,882 points and the Nifty at 12,859 points. The Nifty traded down more than 250 points during the day. The day’s low was 12,730 points. Similarly, the Nifty rose to 12,892 points during the day.

IT, FMCG and bank stocks were the major contributors to the day’s gain. The Nifty Bank Index was up 1.15 per cent, the Nifty FMCG Index was up 1.19 per cent and the Nifty IT Index was up 1.40 per cent.

Bajaj Finserv, Titan, GAIL, Bajaj Finance and Bharti Airtel were the top five gainers. Bajaj Finserv rose 9.27 per cent. Shares of Titan, GAIL, Bajaj Finance and Bharti Airtel gained over 3 per cent each.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 33 stocks gained while 17 stocks fell. Shares of Reliance, Adani Ports, IndusInd Bank, Axis Bank and Sun Pharma lost ground. Reliance fell 3.66 per cent.

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Auto stocks led the surge during the day.

Most of the 50 stocks in the Nifty registered gains on the day. Twenty-six stocks gained while 24 stocks lost. Titan, Bajaj Auto, Hero Motors, Maruti and Reliance were the top gainers. Titan was up 4.50 per cent.

Bajaj Finance, BPCL, Hindalco, Tata Motors and Powergrid were the top five losers in the Nifty.

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The Sensex ended at 38,050 points on August 17. The Sensex ended lower at 37,734 points. The Sensex rose more than 300 points from a low.

The Nifty closed at 11,247 points. The Nifty traded lower by 11,144 points and then rose by more than 100 points. The Nifty is currently trading at a high of 11,267 points.

Thirty-nine stocks in the Nifty gained while 11 stocks lost. The top five gainers were NTPC, Eicher Motors, Zee Limited, Hindalco and Bajaj Auto. NTPC gained 7.47%. Eicher Motors, Zee Limited, Hindalco, Bajaj Auto and Hero Motors gained over four per cent.

SBI, Bharti Airtel, BPCL, Reliance and Tata Motors were the top five losers in the Nifty. SBI fell 1.55 per cent.

Automobile and metal stocks were the main gainers of the day. Similarly, the National Stock Exchange index Nifty gained 2.43 per cent. Of the 15 stocks in the Nifty Auto Index, 12 gained.

Similarly, the Nifty metal index rose by 2.51 per cent. The last few days have seen a steady rise in metal stocks. Jindal Steel was up 5.16 per cent and Hindalco was up 4.46 per cent.

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The stock market was dominated by bulls last week. On the first day of the week, the trend was very clear. The Nifty rose above 11,000 points and strengthened that level. The Nifty rose to 11,240 points last week.

At the same time, the market continued to fluctuate. The market fluctuated from high to low on some days
Reliance Industries was the market leader last week. It can be said that it was Reliance that pushed the market upwards. Shares of Reliance, which had risen sharply before the annual general body meeting, fell by about 10 per cent after the meeting. But since then, the stock has rebounded with unprecedented strength.

The news that Reliance is investing more in the retail sector has led to a fresh jump in the stock price. Each day saw the stock rising again to record levels. The highest price recorded on Friday was Rs 2,149.90. Shares of Reliance have risen 24 per cent in a month.
IT stocks also performed well. Shares of Infosys and Wipro hit 52-week highs last week.

Global indicators also helped the market. Vaccine trials for COVID are in the pipeline, giving the market a boost. On the one hand, despite the sharp increase in the number of COVID patients, the successful testing of the vaccine has given the stock market a boost. The good monsoon in India also helped the market.

Last week, it was pointed out that the next pressure point at Nifty after 10,800 is 11,300 points. The market is expected to trade between 11,000 and 11,300 next week. The market has entered the next stage of surge if it breaks through the severe pressure of 11,300.

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