Battle for 5G spectrum auction heats up

In what could be straight out of a ‘Stranger Things’ episode, an unusual red glow over the Atlantic Ocean set cyberspace abuzz. Thankfully, Indian markets did not play ‘matchy-matchy’ and closed in the green. Markets reversed early losses to close higher, snapping a two-day losing streak. In all, 46 of the Nifty50 stocks closed in the green. Investors await the outcome of the US Fed meeting scheduled later in the day. All of the Nifty sectoral indices closed in the green with Pharma (+2.3%) and Media (+2.1%) seeing maximum gains. NIFTY50 16,641 ▲ 157 (+0.9%) SENSEX 55,268 ▲ 547 (+0.9%) What's up ▲ STOCK TODAY'S CHANGE Sun Pharma 895 ▲ 27 (+3.1%) SBI 528 ▲ 14 (+2.7%) Divi's Lab 3,784 ▲ 97 (+2.6%) What's down ▼ STOCK TODAY'S CHANGE Bharti Airtel 675 ▼ 9.1 (-1.3%) Bajaj Auto 3,882 ▼ 42 (-1.0%) HDFC Life 520 ▼ 1.7 (-0.3%) What’s trending? Piramal’s NBFC plan on track PEL (NSE): 1,804 ▲ 41 (+2.3%) The diversified conglomerate said it has recei