News for SPML Infra Limited (SPMLINFRA.BO)

SPML Infra signs ₹617.98 crore irrigation project contract in Jharkhand, enhancing agricultural infrastructure and water management solutions.

The Nifty Bank index was trading 2.19 per cent down at 47071.3.

The top gainer so far this year is Jai Balaji Industries. Its shares have rocketed 1,291 per cent to 761.05 on December 19 against Rs 54.70 apiece on December 30 last year

In the Nifty pack, 25 stocks were trading in the green, while 24 stocks were trading in the red.

The amount was lower than the ₹4,93,379.2 crore lent in the previous year.

On the sectoral front, pharma index added 1 percent and PSU Bank index was up 0.8 percent.

Among sectors, bank and capital goods are up 1 percent each, while oil and gas and power indices rise 0.5 percent each.

Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.

Since October, FIIs have sold over Rs 3.68 lakh crore, while DIIs have net bought Rs 2.8 lakh crore worth of shares. This risk-off sentiment is largely thanks to inflation concerns, which have forced central banks in many countries to raise policy rate

A 35 per cent year-on-year decline in JLR global wholesales to 89,148 units soured investor mood. Late last week, JLR had said that it continues to face chip shortages, which are expected to continue through the next fiscal.

This infra stock has hit 5% upper circuit for the second consecutive session on securing several arbitration awards.

The Isarda Water Supply project, under the Jal Jeevan Mission would provide clean drinking water to 25 lakh people in Dausa and Sawai Madhopur districts in Rajasthan, the company said in a statement.

The Nifty Realty index was trading 1.05 per cent up at 455.75.

Both benchmark indices rallied nearly 9 percent in 13 trading sessions (since the intraday low of December 20) to close at 60,223.15 and 17,925.25