Indian benchmark equity indices, Sensex and Nifty50, recorded their biggest single-day decline in nearly three weeks, dragged down by slowing corporate earnings and ongoing foreign selling.
India's Sensex and Nifty50 dropped over 1,000 points and 293 points, respectively, amid US recession fears and weak jobs data. European and US markets also declined, signaling further volatility.
PNC Infratech Ltd. has been declared the lowest bidder for a highway and bridge construction project worth Rs 380 crore in Uttar Pradesh and Bihar. According to an exchange filing, the company secured the project involving the "Construction of an additional 3-Lane Bridge over River Ganga for the connection between Buxar and Bharauli on NH-922" through the hybrid annuity mode.
FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others
Nifty ended 27 points higher above the 22,400 level to form an indecisive Doji candle on the daily charts.Any dips from here could be a buying opportunity towards the support of 22,225-22200 levels. The near-term upside targets to be watched around 22,600-22,800 levels.
In the NIfty50 pack, Hero MotoCorp rose over 1.5 per cent, while Tata Steel gained 1.4 per cent. Tata Motors rose another 1.25 per cent to hit new highs