Share price of Kridhan Infra rose 5 percent as company won order worth Rs 1,340 million in Singapore.
Share price of Kridhan Infra rose 5 percent as company won order worth Rs 1,340 million in Singapore.
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The company's subsidiary KH Foges Pte has been awarded a new piling contract, in Singapore, worth Rs 1,340 million (SGD 27 million).
The contract period for the project is approximately 4 months.
The contract period for the project is approximately 4 months.
Market Update: The market is mildly lower amid consolidation, with the Nifty hovering around 10,300 levels following muted Asian cues.
Sectoral trend is also mixed, with Nifty PSU Bank index falling over a percent after banking fraud reported in Diamond Power Infrastructure.
Buzzing: Share price of Binani Industries gained 8 percent as the company filed an application to terminate CIRP of its subsidiary.
The company filed an application for termination of the company insolvency and resolution proceedings (CIRP) of its subsidiary Binani Cement.
Binani Industries has received an offer from the Aditya Birla group firm UltraTech to transfer its 98.43 percent stake in Binani Cement (BCL) for Rs 7,266 crore.
However, the deal was subject to ending the insolvency proceedings against BCL, whose Credit of Creditors (CoC) led by Bank of Baroda has approved Rs 6,350 crore bid from Dalmia Bharat group's wholly-owned subsidiary, Rajputana Properties.
Benchmark indices started off last day of the week on a flat note, following tepid Asian cues.
The 30-share BSE Sensex was down 7.48 points at 33,589.32 and the 50-share NSE Nifty fell 8.20 points to 10,317.
IOC, Indiabulls Housing, HCL Technologies, ONGC, Bajaj Finserv, GAIL and Yes Bank gained up to 1 percent.
SBI, Tata Steel, Vedanta and Tata Motors were under pressure.
The Nifty Midcap index was down 0.1 percent.
Sobha surged 7.6 percent on pre-sales data. Kridhan Infra, GM Breweries, Ballarpur Industries, Tilaknagar Industries, United Spirits, McDowell Holdings, Smartlink Network, Reliance Communications, Binani Industries and DB Realty up 8 percent.
Sona Koyo, Magma Fincorp and D-Link fell up to 7 percent.
Indian rupee opens higher by 4 paise at 64.93 per dollar
According to ICICIdirect, utilise upsides in the pair to go short in USD-INR.
Sectoral trend is also mixed, with Nifty PSU Bank index falling over a percent after banking fraud reported in Diamond Power Infrastructure.
Buzzing: Share price of Binani Industries gained 8 percent as the company filed an application to terminate CIRP of its subsidiary.
The company filed an application for termination of the company insolvency and resolution proceedings (CIRP) of its subsidiary Binani Cement.
Binani Industries has received an offer from the Aditya Birla group firm UltraTech to transfer its 98.43 percent stake in Binani Cement (BCL) for Rs 7,266 crore.
However, the deal was subject to ending the insolvency proceedings against BCL, whose Credit of Creditors (CoC) led by Bank of Baroda has approved Rs 6,350 crore bid from Dalmia Bharat group's wholly-owned subsidiary, Rajputana Properties.
Benchmark indices started off last day of the week on a flat note, following tepid Asian cues.
The 30-share BSE Sensex was down 7.48 points at 33,589.32 and the 50-share NSE Nifty fell 8.20 points to 10,317.
IOC, Indiabulls Housing, HCL Technologies, ONGC, Bajaj Finserv, GAIL and Yes Bank gained up to 1 percent.
SBI, Tata Steel, Vedanta and Tata Motors were under pressure.
The Nifty Midcap index was down 0.1 percent.
Sobha surged 7.6 percent on pre-sales data. Kridhan Infra, GM Breweries, Ballarpur Industries, Tilaknagar Industries, United Spirits, McDowell Holdings, Smartlink Network, Reliance Communications, Binani Industries and DB Realty up 8 percent.
Sona Koyo, Magma Fincorp and D-Link fell up to 7 percent.
Indian rupee opens higher by 4 paise at 64.93 per dollar
According to ICICIdirect, utilise upsides in the pair to go short in USD-INR.
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The Indian rupee opened higher by 4 paise at 64.93 per dollar on Friday against previous close 64.97.
According to ICICIdirect, the near-month dollar-rupee April contract on the NSE was at 65.10. The April contract open interest increased 6.83% from the previous day.
We expect USD-INR to meet supply resistance at higher levels. Utilise upsides in the pair to go short in USD-INR, it added.
According to ICICIdirect, the near-month dollar-rupee April contract on the NSE was at 65.10. The April contract open interest increased 6.83% from the previous day.
We expect USD-INR to meet supply resistance at higher levels. Utilise upsides in the pair to go short in USD-INR, it added.
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