Mumbai
The trick of the Indian stock market was seen surprised on the third trading day of the week. After starting a fast on Wednesday, in a few minutes suddenly the Sensex-Nifty reached the rage zone. The Bombay Stock Exchange had a 30 -share Sensex opening with more than 250 points, but then only after 10 minutes it was seen trading by breaking up about 100 points, some similar situation was seen by the National Statock Exchange’s Nifty (NIFTY) and after opening in the green zone, it also started trading.
Amidst the fluctuations in the stock market, the share of telecom company Airtel ran more than 3 per cent with the fastest in BSE’s largecap companies, and the shares of Reliance Industries, the company of Mukesh Ambani, got a boom. During this period, the share of IndusInd Bank of the private sector was seen in early trade and it was opened by more than 7 percent, but then suddenly it caught a stormy pace.
The stock market surprised as soon as it opened
The stock market started surprising investors with the opening. The BSE Sensex jumped at a level of 74,270.81 as compared to its previous closed 74,102.32 and climbed around 250 points to 74,392. But after this, suddenly it started to break and fell to 73,998.35.
If we talk about NSE NIFTY, this index of NSE also started trading at 22,536.35 with its previous closed 22,497.90 and rose by 22,577, but it also broke down as soon as the Sensex declined and fell to 22,450.10 as soon as it fell.
These shares rocked as soon as they opened
With the introduction of trading in the stock market, Bharti Airtel (3.65%), Tata Motors (2.85%), HDFC Bank (1.50%), Kotak Bank (1.30%), Reliance (1%), included in largecap, were seen trading with a boom. So the Hindustan Petrolium Share (3.35%), Escorts Share (2.34%) was trading in the midcap. If we talk about smallcap companies, NACL INDIA Share (7.29%), Redtape Share (7.13%), and PNB Housing Share (4.72%) were seen trading.
This reason for the boom in Reliance Airtel
Talk about, about the reason behind the boom in the shares of Mukesh Ambani’s company Reliance and Sunil Bharti Mittal’s telecom company Bharti Airtel, then both companies have signed the deal with the world’s richest humans Alan Musk’s company Spacex with SpaceX in relation to the contribution to Starlinks in India, after which both the companies participate in the beginning.
INDUSIND Bank’s shares changed trick
The share of Indusind Bank of private sector -like Sensex and Nifty also surprised investors by reversing. In fact, for the third consecutive day the share of IndusInd Bank opened with a sharp decline and it was trading more than 7 per cent in early trade, but while the stock market came from Green to the red zone, this banking stock started running away from a sudden decline and started running at a fast pace. Till the news was written, it was trading at Rs 685.45 with a jump of 4.50%.
After Airtel, now Reliance Jio deal with Starlink, Internet will get internet from satellite
Reliance Jio Spacex of Elon Musk Has done partnership of, after which Starlink Service will be brought to India. Starlink is a satellite based internet service provider, who is trying to start its service in India for a long time. A day earlier, Airtel also announced a partnership with Spacex. However, many Indian authorities are yet to get approval, only then the service of Starlink will start in India.
Reliance said, the company will help Starlink’s devices, hardware and installation. For this, JIO will be able to take help of platforms, which will be available as retail and online stores.
A day ago, on Tuesday, Airtel had told that he has partnered with Spacex, after which the Indian customer will soon get the high speed internet of Starlink. Although Spacex is yet to be licensed from Indian authorities, only after getting all the approval, the service of Spacex will be started in India.
What is Starlink?
Starlink is a satellite based high speed internet service, which has been developed by Elon Musk’s company Spacex itself. There is no need to install mobile towers for this. Starlink wants to provide high-speed internet worldwide, especially in areas where wire broadband is not available.
Jio statement from Jio
Reliance Jio’s group CEO Matthew Oman said, “Every Indian has access to affordable and high-speed broadband, this is Jio’s priority.” Our cooperation with SpaceX to bring Starlink into India strengthens our commitment and is a major step towards broadband connectivity without obstruction.
We are expanding our access to Jio’s broadband ecosystem with Starlink and increasing the credibility and reach of high-speed broadband in this AI-operated era, which will empower communities and businesses across the country.
Spacex also statement about Jio
Spacex President and Chief Operational Officer Gwne Shotwell said, “We appreciate Jio for advancing India’s connectivity.” We are ready to work with Jio, obtain permission from the Government of India and provide Indian customers and businesses access to Starlink’s high-speed internet services.
Starlink works like this
There are thousands of low-end orbit (Leo) satellites in the sky, which are about 550 km above the earth. These satellites connect to each other with the help of laser links and transmit data rapidly. This service is called Starlink.
Dish and router need
To use Starlink’s service, a small dish is to be installed, which is also called Starlink Terminal. The customer has to setup at home. This dish receives and sends signals from the satellite present in the sky. After this, this dish connects to WiFi router, which is installed indoors.
India will benefit from Starlink like this
If we look at the way of working of Starlink, it can improve internet connectivity in India. Its advantage will be seen in rural and remote arrays.
There are still many villages and hilly areas in India, where the fiber has not reached the Internet, they can benefit from Starlink. Schools and hospitals present in remote errors will get a lot of benefit from this.