The infrastructure firm building the Bihar bridge over the Ganga River is also the contractor for the big-ticket Signature Bridge project in Dwarka besides two other projects in Gujarat.
Surat: While the pandemic held up many development projects in the city, one that didn’t stop in its tracks was the Surat Metro that continued its jou.
Picture used for representational purpose only
SURAT: Prime Minister Narendra Modi on Monday will perform the ground-breaking ceremony virtually for the first phase of the Rs 12,020 crore Surat Metro Rail Project via video-conferencing. Deputy chief minister Nitin Patel, social justice and empowerment minister Ishwar Patel and BJP chief C R Paatil among other dignitaries will remain present at the venue at Diamond Bourses in the city.
According to sources, the metro project is 40.35km long and comprises two corridors. The 21.61-km-long corridor-I is from Sarthana to Dream City, while the 18.74km-long corridor-II is from Bhesan to Saroli. It will consist of 10 elevated stations in South-West Surat and connect Dream City with Kadarsha Ni Nal in the city’s core. East of that, the line will head underground towards Surat Railway Station for 3.46 km and onward to Chowk Bazar at 3.56 km.
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.
Nifty, Sensex trending higher – Weekly closing report
Moneylife Digital Team / IANS
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We had mentioned in last week’s closing report that Nifty, Sensex continue to cruise higher. The major indices continued its rally and ended with major gains.
On Monday, the major indices crashed on concerns over a new strain of the Covid-19 virus in the United Kingdom leading to fresh restrictions in European countries which spooked global investors, plunging India s stock markets deep into the red. On the NSE, there were 254 advances, 1,687 declines and 299 unchanged.
Mahindra and Mahindra announced that it will increase the price of its farm equipment sector tractors models from 1 January 2021 due to the increase in commodity prices.