Market gains 100 pts, Nifty inches towards 11,400; IT index falls 1%
L&T Hydrocarbon Engineering Limited, a wholly owned subsidiary of Larsen & Toubro, has won a large order from Tawfiq Coke Products-Oman, the company said in its filing.
The contract scope includes a selection of technology licensor, FEED & EPC for a 2 x 225,000 TPA plant of calcined coke from green pet coke. The 30-share BSE Sensex extended gains in the morning, rising 102.49 points to 37,911.40 and the Nifty50 is inching towards 11,400, up 32.30 points at 11,386.60.
The market breadth remained in favor of bulls. About 1,118 shares advanced against 557 declining shares on the BSE. Jet Airways shares continued to see buying interest, rising another 9 percent in the morning after lenders took control of company's board and Naresh Goyal stepped down as Chairman.
Jet Airways founders Naresh Goyal and wife Anita Goyal has stepped down from the board of the cash-strapped airline on March 25. With this, Naresh Goyal ceases to be Chairman.
Apart from the Goyals, one nominee of Etihad Airways PJSC, Kevin Knight has also stepped down from the board, Jet Airways said in its BSE filing after its board meeting. Two nominee directors representing lenders have been inducted into the board. The Indian rupee opened higher at 68.88 against the US dollar on March 26, 2019.
It appreciated by 5 paise compared to Monday's close of 68.93 to the dollar.
The rupee ended mildly higher, on March 25, recovering from its intraday lows of 69.17. RBI three-year dollar-rupee swap auction will be held today. The move in the rupee will be keenly watched ahead of RBI’s monetary policy meeting next week,
The brokerage further said the slump in US yields could cap the dollar's ability to appreciate sharply.
Investors continue to await the US-China trade talks outcome while ongoing Brexit uncertainty is also weighing on risk sentiments, it added. Benchmark indices opened marginally higher after a selling pressure seen in the previous two consecutive sessions.
The BSE Sensex rose 51.28 points to 37,860.19 and the Nifty50 gained 31.90 points at 11,386.20.
Indiabulls Housing, Zee Entertainment, Eicher Motors, GAIL, Adani Ports, Bharti Infratel and Reliance Industries were early gainers.
Infosys, TCS, Tech Mahindra, HCL Technologies, JSW Steel and Power Grid were under pressure.source- www.moneycontrol.com
If you want more information regarding the market News & many other tips like Intraday Tips, MCX Free Tips, Indore Advisory Company, Bullion Market Tips, Share Market Tips In Hindi, Bullion Energy Tips, NSE & BSE Market Tips, Free MCX Market Tips, MCX Premium Tips, Live commodity tips.
No comments:
Post a Comment