|Bid||0.00 x 0|
|Ask||170.75 x 0|
|Day's Range||167.00 - 171.20|
|52 Week Range||134.60 - 266.30|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||14.54|
|Forward Dividend & Yield||10.15 (6.09%)|
|Ex-Dividend Date||Jul 06, 2020|
|1y Target Est||N/A|
Indian stocks ended higher in volatile trading on Friday, helped by information technology and energy shares, although investors remained nervous about rising coronavirus cases and tensions with China. The NSE Nifty 50 index ended up 0.91% at 10,383 and the benchmark S&P BSE Sensex gained 0.94% at 35,171.27. The Nifty information technology index was the top gainer, rising 4.1%.
Indian shares slid on Friday, as banks fell after the central bank decided to cut policy rates and extend a relief period for loan repayments in an effort to contain the economic fallout of the COVID-19 pandemic. The Reserve Bank of India extended a moratorium on loan repayments by a further three months, as many borrowers are out of jobs due to the weeks-long lockdown that has threatened to push Asia's third-largest economy into recession. Steps including a loan restructuring scheme, the possibility of creating a "bad bank" for stressed sectors and infusing more liquidity via bank recapitalization bonds could help support India's lenders, economists at HSBC in Mumbai said in a report.
(Bloomberg) -- A top-performing JPMorgan fund focused on emerging-market stocks trimmed its bet on Tencent Holdings Ltd., selling shares of what was its largest holding in July as the Chinese technology company struggles to stage a comeback.JPMorgan Chase & Co.’s $6.5 billion Emerging Markets Equity Fund, which outperformed 94% of peers this year, reduced its position in Tencent by 14% as of Oct. 31, data compiled by Bloomberg show. Shares of Tencent, the largest company in Hong Kong’s Hang Seng Index by market capitalization, fell to a nine-month low on Oct. 30. JPMorgan declined to comment.Tencent has been trying to recover from 2018 losses after a nine-month Chinese freeze on game approvals gutted its most profitable business last year. Yet the stock dropped 16% in U.S. dollar terms from an April high as China’s economic slowdown weighed on efforts to revive growth. Even so, 50 of the 57 analysts tracked by Bloomberg recommend investors buy the stock.While trimming its Tencent exposure, its fifth-biggest holding, the JPMorgan fund boosted wagers on Budweiser Brewing Company APAC Ltd., ITC Ltd. and Bank Rakyat Indonesia Persero Tbk PT, the data show. The fund also added 2% to its position in Alibaba Group Holding Ltd., currently its top holding.(Updates to add chart)\--With assistance from Sofia Horta e Costa and Stephen Tan.To contact the reporter on this story: Andres Guerra Luz in New York at email@example.comTo contact the editors responsible for this story: Carolina Wilson at firstname.lastname@example.org, Alec D.B. McCabe, Philip SandersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.