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Market Live: Sensex gains strength after Fed rate hike; Nifty reclaims 10,200.
The market gained strength amid mixed global cues after the US Federal Reserve announced its first interest rate hike of the year and sees 2 more rate hikes in 2018.
The 30-share BSE Sensex was up 138.34 points at 33,274.52 and the 50-share NSE Nifty rose 49.40 points to 10,204.70.
About two shares advanced for every share falling on the BSE while all sectoral indices were in the green barring PSU Bank.
Genus Power Infrastructures share price gained 3 percent on bagging an order for supply, installation, shifting & commissioning of 30,000 3Q meters, LT CT & HT meters with accessories including generation of first bill cycle & other incidental services.
The value of the order is pegged at Rs 125 crore.
"We have won an order under the government schemes - Deendayal Upadhyay Gram Jyoti Yojna (DDUGJY) and Integrated Power Development Scheme (IPDS). The meters are to be installed at CESU, NESCO, SOUTHCO and WESCO utility in Odisha on turnkey basis," the company said in its filing.
Supplies are to begin in Q1FY19.
This is a significant milestone for Genus which will enhance our market position as a technologically advanced meter supplier, it believes.
Post this, its total order book stands at Rs 1,260 crore.
Shares of Sun Pharmaceutical Industries gained as much as 3.4 percent in morning as it has received USFDA approval for its psoriasis drug Ilumya.
Ilumya generically called as tildrakizumab-asmn falls in the category of specialty drugs - medications that treat complex or rare diseases such as cancer, autoimmune disorders, skin conditions among others.
Ilumya is used for the treatment of the most common plaque psoriasis – a chronic immune disease that appears on the skin.
The broking subsidiary of the bank has
The private sector lender aims to raise Rs 4,017 crore through the public issue of ICICI Securities.
The offer will close on March 26, 2018. Bids can be made for minimum 28 equity shares and in multiples of 28 equity shares thereafter.
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