Market Movers: Indiabulls Housing soars, Shree Cement slumps; 52 stocks give buy signal
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As many as 51 stocks listed on the National Stock Exchange gave buy signals based on MACD indicators. Names included ICICI Bank, TV18 Broadcast, Hindustan Zinc, Jain Irrigation and Jubilant Foodworks.
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For the day, the Nifty50 index ended 0.8 per cent, or 109.8 points, higher at 14,406.2, while Sensex closed at 48,080.7, up 0.8 per cent or 374.9 points.
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MUMBAI: Benchmark equity indices staged a sharp comeback in the last few hours of trading, aided by short covering in shares of banks and positive cues from most global markets.
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Politics3 hours ago
New Delhi: As Delhi’s hospitals were making desperate calls for oxygen and Prime Minister Narendra Modi’s personal handling of the COVID-19 crisis came under sharp scrutiny, the ruling partyâs spokespersons and government-aligned media found new scapegoats this week.
On Tuesday evening, Delhi chief minister Arvind Kejriwal tweeted that some hospitals were left with âjust a few hours of oxygenâ. Deputy chief minister Manish Sisodia posted a list of hospitals with the number of hours left for their oxygen supply to run out.
Highlights
Some major government and private hospitals in Delhi received fresh stock of medical oxygen in the early hours of Wednesday.
These oxygen tanks arrived at Delhi hospitals late on Tuesday (April 20).
New Delhi: Amid a massive surge in COVID-19 cases, concerns over oxygen supply for patients suffering from coronavirus continues to haunt the national capital’s hospitals on Wednesday (April 21).
Some major government and private hospitals in Delhi received fresh stock of medical oxygen in the early hours of Wednesday, averting a crisis just in time, according to officials.
A day after Delhi hospitals reported an acute shortage of oxygen supply in the high court and political leaders including Chief minister Arvind Kejriwal and Manish Sisodia appealed the Centre to supply oxygen cylinders to the COVID hospitals in the national capital, over 4500 cubic metres of oxygen were supplied by a private vendor and 6000 cubic meters by Inox Air to Sri Ganga Ram Hospital in the
India’s largest manufacturer of industrial and medical gases, INOX Air Products (INOXAP) plans to invest Rs 2,000 crore to build 8 new air separation units across the country. This will be India’s largest greenfield investment plan in the industrial gases sector. This follows a manifold increase in demand for medical oxygen because of the Covid-19 pandemic though the company says it is looking ahead at the government s push for the manufacturing and infrastructure sector. With a combined capacity to make more than 1500 tonne a day (TPD) of liquid gases, the expansion will take INOXAP’s total liquid gases production to 4800 TPD by 2024. The investment would be funded by a mix of debt and internal cash accruals. The debt portion is yet to be worked out but it could be 40 per cent of the investment, Siddharth Jain, director - INOX Air Products, told Business Standard.
Inox Air plans ₹2,000-crore expansion thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.