India, Oct. 29 -- The wires and cables major Polycab India has found temporary relief in a legal tussle that threatened its place in a key global index. A tribunal order and a quick, cautious response from the index provider have eased immediate pressure, though the final verdict is still awaited and uncertainty lingers.

The Nifty 50 traded at 22,855, up 0.69%, while the Sensex rose by 0.81% to 73,835 on Thursday. Following this the Shares of Polycab India Ltd are trading at Rs. 7,743.50, up 0.85 percent on Thursday. The stock touched the intraday high of Rs. 7,948.00 after opening at Rs. 7,784.50 before slipping to a low of Rs. 7,743.00. The company commands a market capitalization of Rs. 1,16,722.28 crore.

Tribunal Stops MSCI From Dr...