Indian benchmarks were trading higher as global markets stood reslient following the planned revamp of Alibaba Group Holdings Ltd. that bodes well for Chinese technology companies.
The broader market indices were trading higher; S&P BSE MidCap was up 0.65% whereas S&P BSE SmallCap was higher by 0.66%.
Sixteen out of 20 sectors compiled by BSE advanced, while S&P BSE Energy, S&P BSE Telecommunication, S&P BSE Oil and Gas, S&P BSE Teck.
The market breadth was skewed in the favour of buyers. About 1,920 stocks rose 1,400 declined, and 130 remained unchanged on the BSE.
Larsen & Toubro secured an order to set up 5 LTPA fertiliser plant, on engineering and procurement basis, for Hindustan Zinc at Rajasthan.
It won order from Bharat Aluminium Co. to expand capacity by 435 KTPA of Aluminium Smelter Complex at BALCO Korba in Chattisgarh.
L&T classifies orders with value ranged from Rs 2,500 crore to Rs 5,000 crore as 'large'.
Source: Exchange filing
HCC Group closed its sale of Baharampore-Farakka Highways Ltd. to Cube Highways and Infrastructure V Pte. ltd. at Rs 1,323 crore, which includes SPV debt of Rs 646 crore.
HCC Group is to receive a total of Rs 941 crore in two tranches.
HCC will also be entitled to a revenue share from BFHL over the entire concession period.
Source: Exchange Filing
The company, on Tuesday, detected an IT security incident on its IT assets.
Its dispatches faced some difficulty, which have now normalised.
Company’s production facilities have not been affected by the incident.
The IT team as well as the management has taken necessary precautions and measures to address the incident.
The incident does not qualify as 'material' at the present.
Source: Exchange filing
At pre-open, the S&P BSE Sensex Index was down 42 points or 0.07% at 57,572.08 while the NSE Nifty 50 Index was higher by 26 points or 0.15% at 16,977.30.
Source: Bloomberg
The local currency weakened by 5 paise to open at 82.24 against the greenback.
It closed at 82.19 on Tuesday.
Source: Bloomberg
Board of PNB Housing Finance approved a rights issue of 9.06 crore fully paid-up equity shares at an amount aggregating to Rs 2,500 crore.
The issue price is set at Rs 275 per share, including a premium of Rs 265 apiece.
Rights issue of the shares will open on April 13 and close on April 27.
Source: Exchange Filing
Mphasis announces no exposure to Silicon Valley Bank, Signature Bank or Silvergate Capital, either as a client or as a banker.
"Business from U.S. regional banks is a low single digit percentage contribution to the overall revenue," said Nitin Rakesh, CEO & MD, Mphasis.
Source: Exchange filing
HFCL secures Rs 282.61-crore order for Surat Metro Rail Project from Gujarat Metro Rail Corporation.
The project entails design, manufacture, supply, installation, testing and commissioning of telecommunication systems for Surat Metro Rail Project Phase-I.
The timeline for the project completion stands at 90 weeks, with warranty support of 110 weeks thereafter.
Source: Exchange filing
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