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Indian share markets remain buoyant
Tue, 28 Oct 01:30 pm

Indian share markets continued to trade above the dotted line in the post-noon trading session. Sectoral indices are trading mixed with oil and gas and metals stocks being the biggest losers whereas consumer durable and pharma are trading strong.

BSE-Sensex is up 39 points and NSE-Nifty is trading 15 points up. BSE Mid Cap is trading 0.3% up and BSE Small Cap index is trading up by 0.5%. The rupee is trading at 61.39 to the US dollar.

Most of the engineering stocks are trading in the green led by TRF Ltd and Alstom Projects. As per a leading financial daily, Alstom Projects has bagged a contract valued at Euro 85 m from Delhi Metro Rail Corporation for the supply of 25 state-of-the-art metros to Kochi Metro Rail Ltd. As per the contract, Alstom will design, manufacture, supply, install, test and commission 25 standard track gauge trains with further option to supply 25 additional metro sets. Each train of 65 m length will be composed of 3 cars and will have a capacity to carry 975 passengers. The first train sets are likely to be supplied in early 2016. Alstom Projects is trading up 2%.

Majority of the automobile stocks are trading in the green with Force Motors and Escorts being major gainers whereas Hero MotoCorp and Bajaj Auto are the biggest losers. As per a leading financial daily, Tata Motors has raised funds to the tune of $750 m through the sale of dual tranche bond issue to Asian and European investors. The issue has been oversubscribed six times at $ 4.5 bn. The proceeds from the issue will be utilized to fund external commercial borrowings, capital expenditure and for general corporate purposes. Tata Motors stock is trading up 0.6%.

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Mar 23, 2018 (Close)