Stock Market Today: RITES Shares Surge Over 6%, Vodafone Stock Declines

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RITES And Vodafone Share Price Today (Image Source: iStockphoto)

In a significant boost to the Indian equity market, both major exchanges recorded impressive gains in trading today, following the US Federal Reserve’s decision to cut interest rates. At the time of filing, the Sensex soared by 947.37 points, reaching a new high of 84,132.17, while the Nifty climbed 286 points to trade at 25,701.80.

Vodafone Share Price

Vodafone shares were trading at Rs 10.30, a decrease of 0.77% from the previous day’s close. The decline follows a Supreme Court ruling that upheld the Adjusted Gross Revenue (AGR) demand against telecom companies, including Vodafone Idea. The court confirmed Vodafone Idea’s AGR dues, which currently total Rs 70,300 crore.

After reviewing curative petitions, the Supreme Court found no errors in the AGR calculation, dismissing the companies’ claims for relief. Experts suggest that a favorable ruling could have boosted…

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