The key indices firmed up in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 418.25 points or 0.86% at 49,200.76. The Nifty 50 index gained 105 points or 0.73% at 14,452.25.
The broader market was trading lower. The S&P BSE Mid-Cap index fell 0.56%. The S&P BSE Small-Cap index lost 0.37%.
Sellers outpaced buyers. On the BSE, 1,283 shares rose and 1,707 shares fell. A total of 163 shares were unchanged. In Nifty 50 index, 29 stocks advanced while 21 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 6,029.83 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 2,372.54 crore in the Indian equity market on 8 January 2021, provisional data showed.
Sadbhav Engineering has been declared as lowest bidder by Gujarat Metro Rail Corporation (GMRC) for the following Metro Rail project:
Construction of 11.6 K. M. Elevated 11.6 805.15 779.73 30 Months
Viaduct from Kadarsha Ni Nal to Dream City Dead End Including Ramp for Depot entry near Dream City and 10 Stations (Excl. E&M, Architectural Finishing and Roofing) for Surat Metro Rail Project Phase-1, Package-CS1 in the name of SEL-SPSCPL Joint Venture (Sadbhav Engineering - 74% & S.
P. Singla Constructions - 26%). The bid project cost is Rs 779.73 crore. The construction period is 30 months.
Letter of Award is expected to receive soon from Gujarat Metro Rail Corporation (GMRC).