Nifty Hovers Around 8900 Ahead Of Q3 GDP; L&T Gains 1%

Tata Sons has offered to withdraw its application against DoCoMo in Delhi High Court. Both companies have filed consent terms for perspective settlement in their long-standing dispute. 

Tata Sons has agreed to pay DoCoMo USD 1.17 billion as damages.The development sent Tata Teleservices soaring over 9 percent.

The fact that the market is no longer completely dependent of foreign institutional inflows is a good sign, he says. 

Interaction with investors and MF distributors suggest there are lot of people waiting to invest into the market and when that happens, the market usually tends to stay strong, Upadhyaya notes.

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