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Hello Jammu News at 1:41:00 PM 0

Mumbai, Jul 26: The BSE Sensex hit the 37,000 level for the first time today on widespread buying in capital goods, FMCG, realty and banking stocks amid heavy buying by domestic institutional investors and positive global cues.

NSE Nifty too touched a new peak of 11,172.20.

Short-covering of bets, today being the last session of July expiry in the derivatives segment, and strengthening rupee against the dollar, kept the overall market sentiment high.

The 30-share index crossed the 37,000-mark by jumping 156.42 points, or 0.42 per cent, to 37,014.65 in early trade today, breaching its previous intra-day record of 36,947.18 hit yesterday.

Strong gains in capital goods, FMCG, realty, banking, PSU, auto, healthcare, infrastructure, consumer durables and oil and gas stocks helped the index top the new milestone.

The NSE Nifty spurted 40.20 points, or 0.36 per cent, to hit a new peak of 11,172.20, surpassing its previous (intra-day) record of 11,171.55 hit on January 29.

Analysts said strong liquidity in the market following unabated buying by domestic institutional investors (DIIs) and encouraging Q1 earnings by some companies lifted the mood.

On a net basis, DIIs bought shares worth Rs 97.64 crore while foreign portfolio investors (FPIs) sold shares worth Rs 1,195.75 crore yesterday, provisional data showed.

Top gainers that helped Sensex scale its new peak were SBI, Bharti Airtel, Tata Motors, ITC, Coal India, L&T, ONGC, HDFC Bank, RIL, Maruti, M&M, Bajaj Auto, IndusInd Bank, Kotak Bank and HDFC, rising up to 1.79 per cent.

While, Asian Paints, Hero MotoCorp, Wipro and Infosys were among the top losers, shedding up to 1 per cent.

Asian stocks climbed tracking gains in US shares. US equities advanced yesterday, after US President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war.

Hong Kong's Hang Seng was up 0.56 per cent, Japan's Nikkei gained 0.02 per cent in early deals.

Shanghai Composite Index, however, shed 0.01 per cent.

The US Dow Jones Industrial Average ended 0.68 per cent higher yesterday. (PTI)
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Hello Jammu News at 12:37:00 PM 0

Mumbai, Jul 18: Extending yesterday's rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade today amid buying by domestic institutional investors and easing global crude oil prices.

The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee.

The 30-share BSE index spurted by 227.91 points, or 0.62 per cent, to hit new high of 36,747.87, surpassing its previous record of 36,740.07 recorded on July 13.

However, at 0950hrs, the index pared some gains and was trading 108.72 points, or 0.30 per cent, higher at 36,628.68.

The gauge had gained 196.19 points in the previous session.

The 50-share NSE Nifty also rose by 62.05 points, or 0.56 per cent, to 11,070.10.

Traders said positive cues from other Asian markets, tracking overnight gains in the US market following upbeat remarks from Federal Reserve Chairman Jerome Powell during his congressional testimony boosted investor sentiment.

Domestic institutional investors (DIIs) bought shares worth a net pf Rs 840.06 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 673.99 crore yesterday, provisional data released by stock exchanges showed.

Major gainers include Adani Ports, HDFC Bank, Sun Pharma, ONGC, Coal India, HDFC Ltd, Asian Paint, Wipro, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Infosys, PowerGrid, L&T, RIL and TCS, rising up to 1.65 per cent.

Sectoral indices led by oil & gas, PSU, realty and banking stocks gained up to 1.12 per cent.

Other Asian markets were trading higher too. Key indices such Japan's Nikkei rose 0.90 per cent, Shanghai Composite Index 0.43 per cent and Hong Kong's Hang Seng 0.29 per cent in early trade.

The US Dow Jones Industrial Average ended 0.22 per cent higher yesterday. (PTI)
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Hello Jammu News at 1:01:00 PM 0

Mumbai, Jul 13: The BSE Sensex hit a fresh record high of 36,740.07 points in opening session today driven by smart gains in Infosys, Coal India and Wipro, despite weak macroeconomic data released yesterday.

In addition, firm Asian cues and a strengthening rupee against the dollar supported the rally.

Rising for the sixth day, the 30-share index spurted 191.66 points, or 0.52 per cent, to hit a new peak of 36,740.07.

The gauge gained 973.86 points in previous five sessions to close at a record high at 36,548.41 in yesterday.

Sectoral indices, led by IT, metal, teck, oil & gas and consumer durables were trading in the positive zone with up to one per cent gains.

The 50-share NSE Nifty rose 48.15 points, or 0.43 per cent, to 11,071.35.

Shares of Infosys gained over 1.42 per cent ahead of first quarter results, scheduled to be released later in the day.

Among other gainers, Wipro, Coal India, L&T, RIL, Maruti Suzuki, Kotak Bank, TCS, Adani Ports, HDFC Bank, M&M, Tata Motors, IndusInd Bank, Tata Steel and Asian Paints rose up to 3.20 per cent.

Public sector bank stocks, however, took a beating after weak Index of Industrial Production (IIP) and inflation data.

Bank of Baroda, Punjab National Bank, State Bank of India, Federal Bank were to top losers in the BSE Bankex, falling up to 4 per cent.

According to two sets of official data released yesterday, retail inflation spiked to a five-month high of 5 per cent in June on costlier fuel, despite easing food prices, reducing the possibility of an interest rate cut by the Reserve Bank in its upcoming monetary policy review.

Industrial production slipped to a seven-month low of 3.2 per cent in May due to sluggish performance of manufacturing and power sectors, while retail inflation continued to remain firm in June on costlier fuel.

Continuous buying by domestic institutional investors (DIIs), amid optimism over Q1 earnings and firming trend in other Asian markets following positive leads from Wall Street, buoyed market sentiment here, traders said.

DIIs bought shares worth a net of Rs 366.40 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 742.63 crore yesterday, provisional exchange data showed.

Asian stocks rose as China refrained from detailing retaliation plans against threatened US tariff increases.

Hong Kong's Hang Seng gained 0.58 per cent, Japan's Nikkei too edged higher 1.47 per cent, while Shanghai Composite Index shed 0.17 per cent in early deals.

The US Dow Jones Industrial Average closed 0.91 per cent higher yesterday. (PTI)
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Hello Jammu News at 12:14:00 PM 0

Mumbai, Jul 10: The benchmark Sensex advanced by over 200 points to reclaim the 36,000-mark in early trade today led by gains on IT, realty and capital goods counters, ahead of key quarterly results scheduled later in the day.

The 30-share index rose for the third straight day by gaining 203.87 points, or 0.57 per cent, at 36,138.59 in early trade.

IT, realty, capital goods, oil and gas, metal, tech, auto, PSU, power and banking stocks led the upward movement, by rising up to 1.16 per cent.

The gauge had gained 360.17 points in the previous session two sessions.

The NSE Nifty also recaptured the 10,900 mark. The index was trading higher by 61.85 points, or 0.57 per cent, at 10,914.75.

Support came from key stocks such as Yes Bank, RIL, Adani Ports, HDFC Bank, Bajaj Auto, SBI, Bharti Airtel, Tata Motors, ICICI Bank, Tata Steel, NTPC, Maruti, Tata Steel, Infosys, Coal India, L&T and HDFC, rising up to 1.72 per cent.

Traders said widening of bets by investors ahead of Q1 numbers from IndusInd Bank and TCS, amid sustained buying by domestic institutional investors (DIIs) influenced market sentiment.

TCS shares rose 0.65 per cent to Rs 1,900, while IndusInd Bank fell 0.17 per cent to Rs 1,951.35.



Meanwhile, DIIs bought shares worth a net of Rs 740.39 crore, while Foreign institutional investors (FIIs) sold shares worth a net of Rs 569.91 crore yesterday, provisional data showed.

Overseas, most Asian stocks rose amid optimism over the upcoming earnings season, that is expected to be sufficiently robust to overshadow a rise in trade tensions.

Hong Kong's Hang Seng rose 0.41 per cent, Japan's Nikkei gained 0.94 per cent, while China's Shanghai Composite Index shed 0.06 per cent.

US equities rose yesterday, as investors set aside concern about escalating trade tensions and rising political tension abroad to focus on the coming earnings season.

The US Dow Jones Industrial Average ended 1.31 per cent higher on yesterday. (PTI)
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Hello Jammu News at 1:10:00 PM 0

Mumbai, Jun 29: Reversing a two-session slide, the benchmark BSE Sensex rose over 200 points and the Nifty reclaimed the 10,600-mark in early trade today on fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the rupee.

The 30-share Sensex bounced back by 200.13 points, or 0.57 per cent, at 35,237.77.

All the sectoral indices, led by metal, oil and gas and consumer durables, were in the positive zone, rising by up to 2.03 per cent.

The NSE Nifty went up by 63.15 points, or 0.60 per cent, to 10,652.25.

Brokers said building up of bets following the beginning of the July futures and options (F&O) series coupled with a firming trend at other Asian markets and overnight gains at Wall Street influenced trading sentiment here.

Besides, the rupee recovering from its record low and easing crude oil prices supported the recovery, they added.

Prominent gainers included Tata Steel, SBI, ONGC, Vedanta, RIL, L&T, Sun Pharma, ICICI Bank, Tata Motors, Coal India, Bajaj Auto and Yes Bank, rising up to 2.43 per cent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 442.64 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 951.51 crore yesterday, as per provisional data.

In Asia, Hong Kong's Hang Seng was up 1.08 per cent, Japan's Nikkei rose 0.03 per cent while Shanghai Composite Index advanced 1.20 per cent cent in early trade today.

The US Dow Jones Industrial Average ended 0.41 per cent higher yesterday. (PTI)
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Hello Jammu News at 11:47:00 AM 0

Mumbai, Jun 12: The benchmark Sensex rose over 84 points while the Nifty reclaimed the 10,800-mark as investors looked forward to release of key macroeconomic data due today amid a firming trend in Asia.
The 30-share BSE Sensex went up 84.35 points, or 0.23 per cent, to 35,567.82. The gauge had gained 39.80 points in the previous session.
Optimistic buying in blue-chip stocks ahead of IIP data for April and CPI inflation for May, to be released after market closing today, lifted stocks higher, brokers said.
All the sectoral indices led by healthcare, consumer durables, oil and gas, banking and auto were in the green, with gains of up to 0.84 per cent.
The NSE Nifty recaptured the key 10,800-level by rising 29.85 points, or 0.27 per cent, to 10,816.80.
Prominent gainers were Dr Reddy's, Wipro, Adani Ports, M&M, Bharti Airtel, Tata Motors, SBI, IndusInd Bank,ITC Ltd, Sun Pharma, L&T, TCS and Asian Paints, rising by up to 1.80 per cent.
Brokers said besides unabated buying by domestic institutional investors (DIIs), a firm trend at other Asian markets influenced sentiments though investors were cautious as the historic summit between the US and North Korea got underway in Singapore.
DIIs bought shares worth a net Rs 1,062.82 crore, while foreign portfolio investors sold equities to the tune of Rs 1,156.77 crore yesterday, as per provisional data.
Globally, Hong Kong's Hang Seng rose 0.41 per cent, Japan's Nikkei gained 0.39 per cent, while China's main Shanghai Composite Index advanced 0.39 per cent.
The US Dow Jones Industrial Average ended flat yesterday. (PTI)
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Hello Jammu News at 2:16:00 PM 0

Mumbai, Jun 1: The BSE Sensex advanced about 106 points in early session today, maintaining its positive form for the second day following robust growth data for the March quarter. 
Investors creating new positions at the beginning of the June futures and options (F&O) series also lifted the key indices.
The 30-share index, which had rallied 416.27 points in the previous session, was trading higher by 105.57 points, or 0.30 per cent, at 35,427.95.
Sectoral indices, led by metal, auto, teck, IT, consumer durables and capital goods, were trading in the positive zone with gains of up to 1.13 per cent.
The NSE Nifty also went up by 25.40 points, or 0.24 per cent, to 10,761.55.
Official data released after market hours yesterday showed that India's January-March 2018 GDP growth soared to a seven-quarter high of 7.7 per cent, spurred by robust performance of manufacturing, construction and service sectors, helping it retain the tag of the fastest growing major economy.
The rupee appreciating against the dollar also fuelled the uptrend, brokers said.
Auto stocks were in demand on expectations of encouraging sales data for the May month, to be released today.
Big gainers included ICICI Bank, Bajaj Auto, Maruti Suzuki, Sun Pharma, L&T, Tata Motors, Hero MotoCorp, Wipro, HDFC Ltd, TCS, Infosys, HUL and RIL, climbing up to 3.64 per cent.
However, other Asian markets were mixed on fresh trade war fears after the Trump administration's tariffs on imports from key allies.
Hong Kong's Hang Seng was up 0.26 per cent and Japan's Nikkei rose 0.24 per cent in their early deals while Shanghai Composite index fell 0.33 per cent.
The US Dow Jones Industrial Average ended 1.02 per cent lower in yesterday's trade. (PTI)
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Hello Jammu News at 5:33:00 PM 0



Mumbai, Apr 11: The first privately built Offshore Patrol Vessel ICGS Vikram, under the Make in India initiative has been commissioned into the Indian coast Guard on Wednesday.
The Vessal, indigenously designed and built by Larsen & Toubro,l is the First of Class' of seven new generation Offshore Patrol Vessels (OPVs) contracted by Ministry of Defence (MoD) to L&T in March 2015 ICGS Vikram class OPVs are long-range surface ships, equipped to handle helicopter operations and capable of operating in Indian maritime zones including island territories. The role of the OPV is to conduct coastal and offshore patrolling, policing maritime zones, control and surveillance, anti-smuggling and anti-piracy operations with limited wartime roles.
S.N. Subrahmanyan, CEO & MD, Larsen & Toubro commenting on the occasion said, said, ' L&T Shipyards have achieved unmatched stellar delivery performance in prestigious MoD contracts for 54 Interceptor Boats for Coast Guard, Floating Dock project for Navy and now the OPV for Coast Guard. This bears testimony to our capabilities and commitment towards 'Make in India'.
He said over the past decade, L&T had invested heavily in building state-of-the-art facilities and talent pool for Defence manufacturing and are fully geared up with sufficient capacity and financial strength to grow multifold in this sector in coming years.'
'Given the opportunity and a level playing field, L&T can provide the much-needed impetus to the augmentation of Indian Naval and Coast Guard fleets through in-house design and timely delivery of vessels,' he added. UNI
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Hello Jammu News at 1:43:00 PM 0


Mumbai, Apr 5: Engineering Major, Larsen & Toubro said that its Construction Arms has won orders worth Rs 3,376 crore. 
The Power Transmission & Distribution Business has secured orders worth Rs. 1,226 Crore.
In India, the Power Transmission Corporation of Uttarakhand Limited (PTCUL) has awarded orders for supply, erection, testing & commissioning of a 220kV double circuit transmission line from Srinagar to Rudrapur. Another order has been secured from a reputed utility customer in South India to build substations.
Urban electrification orders have been received from the Brihanmumbai Electric Supply & Transport Undertaking (BEST) and the New Delhi Municipal Council (NDMC) which are for the strengthening of sub-transmission and distribution networks under the Integrated Power Development Scheme (IPDS).
In the Middle East, Africa and ASEAN countries, orders for the construction of substations and transmission lines have been secured from utility customers.
The Water & Effluent Treatment Business has secured an order worth Rs 1,200 crore.
An Engineering, Procurement, and Construction (EPC) order has been secured from the Water Resources Department, Government of Madhya Pradesh for the execution of Kundalia Irrigation Project - Left Bank.
The Project envisages to provide water for Micro-Irrigation to more than 60,000 Hectares of the Culturable Command Area in Agar Malwa District of Madhya Pradesh by lifting water from the left bank of the Kundalia reservoir on the Kalisindh river. The scope includes survey, investigation, design, procurement, construction &
installing of pumping system, rising & gravity main line / branch lines / distribution network, with control and automation systems.
The Buildings & Factories Business has secured orders in health and automobile sector worth Rs 950 crore from two prestigious clients. UNI
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Hello Jammu News at 6:54:00 PM 0


Mumbai, Mar 12: Engineering Major, Larsen & Toubro (L&T) said that its construction arm has won orders worth Rs 2,597 crore. 
The transportation infrastructure division has secured an order worth Rs 1,047 crore. A prestigious order has been received from the National Highways Authority of India (NHAI) for the construction of the 8.7 Km long Dwarka Expressway (Package-IV) in the state of Haryana on EPC mode. The project involves the construction of eight-lane elevated Dwarka Expressway along with 15 km of service/slip roads and structures like clover leaf interchange, subways/pedestrian foot over bridges and rail over bridge.
The water & effluent treatment division has secured an order worth Rs 949 crore. Two EPC orders have been secured from Bangalore Water Supply & Sewerage Board for 'Providing Underground Drainage Facilities (Laterals) to Bommanahalli, RR Nagar & Dasarahalli Zone coming under 110 Villages of BBMP (Bruhat Bengaluru Mahanagara Palike)', in Bengaluru. The scope includes laying of sewer pipelines, construction of precast manholes and providing house service connections to three zones.
Another order has been secured from Krishna Bhagya Jala Nigam for the execution of 'Bhima Lift Irrigation Project on turnkey basis.'
The scope of work includes survey & design, construction of intake canal, Jack well cum pump house, substations, transmission lines, allied electro-mechanical equipment's along with MS pipeline rising main & distribution line, delivery chamber and other ancillary works.
The buildings & factories division has secured an order worth Rs 601 crore.
The division has bagged an order from HSCC India to construct a hospital and academic campus for the All India Institute of Medical Sciences (AIIMS) at Guntur, Andhra Pradesh. The scope of work includes civil structures, finishes, internal electrification, HVAC, PHE, firefighting, external development works etc and their maintenance during the Defect Liability Period. UNI
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Hello Jammu News at 6:05:00 PM 0


Mumbai, Jan 09: Engineering Major, Larsen & Toubro Limited (L&T) said that compnay has successfully commissioned and handed over the state-of-the-art 360 MW Bheramara Combined Cycle Power Plant Development Project to North West Power Generation Company Limited (NWPGCL),a fully owned subsidiary of Bangladesh Power Development Board (BPDB), on January 5, 2018.
After performance testing, the plant capacity has been declared as 410 MW by the customer, company said in afiling with BSE. 
The power plant is based in Bheramara of Kushtia district in Bangladesh, which is approximately 250 km from Kolkata,filing added. L&T said its scope of work included design, engineering, supply, installation and commissioning of the complete power plant on back-to-back turnkey basis for Marubeni Corporation of Japan, with gas turbines, steam turbines and generators from Mitsubishi Hitachi Power Systems, Japan
Commenting on the project completion, Mr. Shailendra Roy, CEO & Managing Director, L&T Power & Whole-Time Director,L&T, said, 'The fact that two power plants were commissioned in quick
succession in Bangladesh, one in December 2017 and the other in January 2018, speaks volumes about L&T’s scale of operations. We thank the Bangladesh authorities for reposing faith in our capabilities.'
This project has been executed by the Gas Based Power Projects Business Unit of L&T, based out of Vadodara. L&T’s well-established strengths in design, engineering and construction, combined with robust quality and safety standards and on- time delivery, are vital contributors to its success in the power sector. UNI
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