Stock Market Update - Sensex Today Ends 112 Points Higher | Pharma Stocks Shine | Why BEML Share Price is Rising
The BSE Sensex ended 112 points higher while the Nifty ended up by 65 points to close at 22,120.
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BY Equitymaster
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
A Telegram spokesman declined to comment on the bond issue or the amount of the debt the company has due. The spokesman said Telegram’s equipment and bandwidth costs are growing because it has consistently posted more than 40% year-to-year growth in users.
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