Read more about Broader market trades firm; banks stock climb on Business Standard. The equity barometers were trading a range with small gains in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, rose 127.89 points or 0.25% at 50,668.13. The Nifty 50 index gained 31.05 points or 0.2% at 15,206.55.
Equity indices ended with small gains on Monday led by firmness in banks stocks. The Nifty closed below the 15,200 mark after trading above that level for most part of the session. The moderation in daily new COVID-19 cases in India improved risk sentiments. Barring FMCG and metal, all the sectoral indices on the NSE ended in the green.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 111.42 points or 0.22% at 50,651.13. The Nifty 50 index gained 22.40 points or 0.15% at 15,197.70.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index surged 0.86% while the S&P BSE Small-Cap index gained 0.7%.
Equity indices ended with small gains on Monday, supported by firmness in banks stocks. The Nifty closed below the 15,200 mark after trading above that level for most part of the session. The moderation in daily new COVID-19 cases in India improved risk sentiments. Barring FMCG and metal, all the sectoral indices on the NSE ended in the green.
The barometer index, the S&P BSE Sensex, rose 111.42 points or 0.22% at 50,651.90. The Nifty 50 index gained 22.40 points or 0.15% at 15,197.70.
State Bank of India (up 2.73%), Larsen & Toubro (up 1.74%) and Axis Bank (up 1.40%) supported the indices.
The broader market outperformed the benchmark indices. The BSE Mid-Cap index added 0.86% and the BSE Small-Cap index rose 0.70%.
Salasar Techno Engineering announced that Power Grid Corporation of India has awarded to the company power projects which include construction of 201 km transmission line network and construction of 4 new power substations in the north eastern state of Arunachal Pradesh.
The transmission line network will be 132 KV type and the substation will be the extra high voltage capacity.
The estimated cost of work allocated to Salasar is Rs 238.65 crore and involves supply, construction, erection testing and commissioning of transmission towers and substations.
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