Monday 12 February 2018

Market Live: Sensex Gains 200 Pts, Nifty Above 10,500; SBI Falls 4%, BOB Up 4%

Posted by suhani varma on Monday, February 12, 2018 with No comments



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NALCO, Oil India, Bata India, Sun TV Network, Marico and Amara Raja Batteries rallied 3-7 percent.The rupee recovered by 15 paise to 64.25 against the dollar in morning on fresh selling of the US currency by exporters and banks amid a higher opening in domestic equity markets.


Forex dealers said the dollar's losses against major global currencies overseas after last week's rally supported the rupee.


On Friday, the rupee had dropped 14 paise against the greenback to end at a near two-month low of 64.40 on bouts of dollar demand from importers and banks.Shares of CG Power and Industrial Solutions added 4 percent in morning on order win by subsidiary company in Indonesia.

Avantha Group Company, CG Power Systems Indonesia, a wholly owned subsidiary of CG Power & Industrial Solutions, has bagged an order from Indonesian state utility PT PLN (Persero) for manufacturing and supply of 64 units of Power Transformers valued at IDR 744 billion (USD 55 million).

This project is the first of its kind to be funded by Islamic Development Bank to support PLN’s ambitious goal to enhance its Transmission Grid performance.

The project will be completed by December 2018 and is going to play a critical role in its ongoing 35GW Fast Track Program.

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