Barring China (up 0.7%) and Singapore (up 0.2%), major Asian stock markets have opened the day on a weak note with the markets in Japan (down 1.5%) and Indonesia (down 1.4%) leading the losses. The Indian share markets have opened the day on a flat note. The sectoral indices are trading mixed with realty and capital goods leading the losses. However, the IT index is trading firm.
Engineering stocks have opened the day on a mixed note with Suzlon Energy and Voltas Ltd leading the losses. However, TRF Ltd and Emco Ltd are trading firm. As per a leading financial daily, the construction arm of engineering giant Larsen & Toubro has bagged new orders worth Rs 15.77 bn across various segments in September 2014. The Buildings & Factories business has won a major residential order worth Rs 12.31 bn from a renowned private developer for the construction of two residential towers in Mumbai. The towers comprise three basements, a ground and a podium each with 53 and 60 floors respectively. The company's scope of work will include civil, structural and finishing works. The company's Power Transmission & Distribution business has also bagged orders worth Rs 3.46 bn.
FMCG sector stocks have opened the day on a mixed note with Emami Ltd and Bata India leading the losses. However, Pidilite Industries and Kokuyo Camlin are trading in the red. As per a leading financial daily, the board of directors of Colgate Palmolive (India) Ltd has approved an interim dividend of Rs 8 per share of face value Re 1 each for the financial year 2014-15. The dividend payout to the shareholders will be Rs 1,273 million. This includes dividend distribution tax of Rs 185 million. The interim dividend will be paid on October 16, 2014 to those shareholders whose names are on the Register of Members of the Company as on September 30, 2014.