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State-run BSNL is likely to award a Rs 1,000-crore order to Nokia for optical transport network (OTN) equipment and deployment via a local system integrator. Financial bids have been opened, and the advance purchase order is expected to be issued to the successful bidder soon. The contract, part of BSNL's Phase-4 project, involves supplying, installing, and commissioning OTN on a pan-India scale.
The markets had a modest start to the week and closed down. Investors are approaching trading with caution, given the uncertainty in the global landscape. Ongoing tensions in the Israel-Palestine conflict, coupled with weak overseas economic fundamentals and continuous foreign institutional investor (FII) selling, have contributed to a subdued sentiment.
Top stocks to watch: Tata Motors, Airtel, Paytm, Tejas Network, HCL Techmologies, Zomato and some other counters will be in focus today.
Tejas Networks: Tejas said in a statement Wednesday that it is the sole supplier of optical networking and broadband access equipment for FibreConnect’s country-wide FTTP (fiber-to-the-premise) rollout, ranging from DWDM/PTN/OTN for Core to xPON and Ethernet for Access.
On Wednesday, 1436 stocks advanced, 2268 declined and 139 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.63 indicating a negative closing of stocks in broader markets.