SGX Nifty hints at flat opening for Nifty
May 05, 2021
But investors remain cautious due to shutdown fears Markets to remain cautous though SGX NIfty points a flat opening, as pandemic-related local shut-downs continue keep investors on the edge.
The SGX Nifty at 14,589 (8 am IST) signals a mild positive opening for Nifty futures, which on Tuesday closed at 14,549.30. The US stocks, which slumped in early session on Tuesday due to Joe Biden s super rich tax fears, ended the day in the positive territory. However, the tech-heavy Nasdaq remained weak throughout the day as investors booked profits in heavy-weight stocks. S&P 500 too closed in the red. Most Asia-Pacific markets remained closed on Wednesday . Cues from Australia, Korea and Taiwan are positive.
ABB Power Products and Systems India Ltd board to announce Q1CY2021 results on May 5, 2021
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Hitachi ABB Power Grids in India wins INR 124-crore order from BALCO to strengthen its power infrastructure
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Hitachi ABB Power Grids in India has won an order worth Rs 124 crore from leading aluminium producer Bharat Aluminum Company (BALCO) to strengthen its power infrastructure at its plant in Chhattisgarh. All the equipment for this project is being manufactured domestically in line with the government s Make-in-India drive and is aimed at ensuring the plant s complex smelting operations run smoothly, helping BALCO meet its production enhancement plan, the company said in a statement. Hitachi ABB Power Grids in India (listed on the stock exchanges as ABB Power Products and Systems India Limited) has been awarded a project worth over Rs 124 crore by BALCO to ensure improved reliability of the power distribution system at its Korba plant in Chhattisgarh, a company statement said.