Indian stock markets staged a strong recovery on Friday afternoon, reversing early losses to trade significantly higher. The benchmark Sensex surged 729.46 points or 0.88 per cent to 83,226.56 at 12.31 PM, while the Nifty climbed 191.80 points or 0.76 per cent to 25,441.90. This upward momentum comes after a weak start, with markets opening…
In a volatile trading session, Indian equity markets witnessed a sharp decline on Friday, with the benchmark indices closing significantly lower. The BSE Sensex plummeted 808.65 points or 0.98 per cent to end at 81,688.45, while the Nifty 50 fell 200.25 points or 0.79 per cent to close at 25,049.85. The sell-off was primarily attributed…
Orient Cement Limited has accepted a work order from Madhya Pradesh Power Generating Company Limited (MPPGCL) to install a clinker grinding unit at the Satpura Thermal Power Station in Sarni, Madhya Pradesh. The company disclosed this information today. The shares of Orient Cement Limited were trading at ₹301.75 down by ₹7.60 or 2.46 per cent…
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has received two significant contracts, bolstering its position in the shipbuilding industry. Today, GRSE announced securing a ₹226.18 crore (excluding GST) contract from the Transport Department, Government of West Bengal, for the design, building, operation, and maintenance of 13 hybrid electric ferries. The project, to be completed within…
SAMHI Hotels Limited announced today its plan to acquire 100% of Innmar Tourism and Hotels Private Limited for an enterprise value of approximately ₹205 crore. The acquisition, approved by SAMHI’s Board of Directors today, includes an operating 142-room hotel in Whitefield, Bangalore, along with surplus land for potential development of an additional 200-220 rooms in…
H.G. Infra Engineering Ltd today said the Rail Land Development Authority (RLDA) has cancelled its Letter of Acceptance for a commercial development project in Abu Road. The cancellation pertains to a 60-year lease for developing 8034.10 square meters of railway land at Abu Road Bungalow no. 102. The shares of H.G. Infra Engineering were trading…
Cyient DLM Ltd, an Indian integrated electronics manufacturing company, has acquired the US-based Altek Electronics Inc, through its wholly-owned subsidiary Cyient DLM Inc. The deal, valued at up to $29.2 million, includes an upfront payment of $23.4 million and a performance-based earnout of up to $5.8 million. The shares of Cyient DLM Ltd were trading…
Indian stock markets opened lower on Friday, extending losses for the fifth consecutive session as geopolitical tensions in the Middle East and significant foreign institutional investor (FII) selloff weighed on sentiment. The benchmark Sensex opened at 82,244.25, down from its previous close of 82,497.10, while the Nifty mirrored this trend. As of 9.30 am, top…
Narinder Wadhwa, Managing Director, at SKI Capital Services Ltd The ongoing Iran-Israel conflict is creating significant ripples in global markets, leading to a surge in crude oil prices. For India, which relies heavily on oil imports, this rise in crude prices is concerning. It could exert upward pressure on inflation, widen the fiscal deficit, and…
Domestic markets are expected to open weak amid geopolitical tension. Gift Nifty at 25,418 signals a gap-down opening of about 70 points for Nifty. According to analysts, the widening West Asia conflict soured risk sentiment, with foreign portfolio investors resorting to heavy selling. According to exchange data, FPIs sold over ₹15,000 worth of shares on…
