Shares of seven civil construction companies gained 2% to 7% after the central government announced outlay of Rs 1.18 lakh crore For Ministry of Road Transport And Highways.
NCC (up 7.72%), Ashoka Buildcon (up 7.21%), KNR Constructions (up 5.63%), J. Kumar Infraprojects (up 4.07%), Sadbhav Engineering (up 3.81%), Man Infraconstruction (up 3.49%) and ITD Cementation India (up 2.61%) advanced.
Presenting the Union Budget 2021, Finance Minister Nirmala Sitharaman said: To further augment road infra, more economic corridors are being planned.
FM announced 3,500 km of national highway works in Tamil Nadu at an investment of Rs 1.03 lakh crore, 1,100 km of national highway works in Kerala at an investment of Rs 65,000 crore and 675 km of highway works in West Bengal at a cost of Rs 25,000 crore.
US stocks retreat from all-time highs
Wall Street s main indexes slipped from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following the permanent suspension of President Donald Trump s account. The Dow Jones Industrial Average fell 167.89 points, or 0.54%, to 30,930.08, the S&P 500 lost 28.84 points, or 0.75%, to 3,796.14 and the Nasdaq Composite lost 161.41 points, or 1.22%, to 13,042.36.
European shares rally falters
European stocks fell from over 10-month highs on Monday after rallying last week, as investors feared a surge in coronavirus cases across the continent and mainland China could delay an economic recovery. The pan-European STOXX 600 index fell 0.63%, easing from its February 2020 peak hit on Friday. Germany s DAX index shed 0.94% after hitting all-time highs last week and France s CAC 40 was down 0.84%.
Market Movers: Bajaj Finance at new high, Burger King jumps more; 95 stocks turn overbought indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Market Movers: Burger King makes stellar debut, PSUs shine; 75 stocks blink sell
SECTIONS
Share
Synopsis
Private lender YES Bank declined for the second session in a row as it dropped by its daily limit of 5 per cent to Rs 18.45.
Shutterstock.com
As many as 538 stocks rose by their daily limit on the BSE.
MUMBAI: Gains in lenders and engineering and construction firm Larsen & Toubro prompted benchmark equity indices to log new highs on Monday, while a stellar debut by Burger King India stole the show. Nifty formed a Doji candle for the third consecutive session, hinting indecision in the market, analysts said.