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Morning Bell With Jim Cramer: Nucor Climbs on Infrastructure Package

Industrials shares drop

Industrials stocks were trading in the negative zone, with the S&P BSE Industrials index falling 243.72 points or 5.67% at 4054.08 at 13:49 IST. Among the components of the S&P BSE Industrials index, Bharat Heavy Electricals Ltd (down 11.17%), Ashoka Buildcon Ltd (down 10.78%),NBCC (India) Ltd (down 10.5%),Jaiprakash Associates Ltd (down 10.09%),Gayatri Projects Ltd (down 9.77%), were the top losers. Among the other losers were Simplex Infrastructures Ltd (down 9.75%), HEG Ltd (down 9.54%), Gati Ltd (down 9.5%), Suzlon Energy Ltd (down 9.39%), and Graphite India Ltd (down 9.17%). At 13:49 IST, the S&P BSE Sensex was down 1741.92 or 3.51% at 47849.4. The Nifty 50 index was down 526.6 points or 3.55% at 14308.25. The S&P BSE Small-Cap index was down 984.39 points or 4.56% at 20612.46.

Industrials shares fall

Industrials stocks were trading in the negative zone, with the S&P BSE Industrials index falling 243.72 points or 5.67% at 4054.08 at 13:49 IST. Among the components of the S&P BSE Industrials index, Bharat Heavy Electricals Ltd (down 11.17%), Ashoka Buildcon Ltd (down 10.78%),NBCC (India) Ltd (down 10.5%),Jaiprakash Associates Ltd (down 10.09%),Gayatri Projects Ltd (down 9.77%), were the top losers. Among the other losers were Simplex Infrastructures Ltd (down 9.75%), HEG Ltd (down 9.54%), Gati Ltd (down 9.5%), Suzlon Energy Ltd (down 9.39%), and Graphite India Ltd (down 9.17%). At 13:49 IST, the S&P BSE Sensex was down 1741.92 or 3.51% at 47849.4. The Nifty 50 index was down 526.6 points or 3.55% at 14308.25. The S&P BSE Small-Cap index was down 984.39 points or 4.56% at 20612.46.

JMC Projects bags Rs 1,000 cr orders from Maldives Fahi Dhiriulhun Corp

Engineering firm JMC Projects (India) on Tuesday said it has bagged construction order worth Rs 1,000 crore from Maldives Fahi Dhiriulhun Corporation. In a filing to the BSE, JMC Projects (India) Ltd said it has signed an agreement with Fahi Dhiriulhun Corporation Ltd, a state-owned company of the Government of the Republic of the Maldives, for the design, finance and construction of 2,000 social housing units in Hulhumale Island of Maldives. The company said the total value for this project is estimated to be around USD 137 million (Rs 1,000 crore) and is planned to be financed via a loan from a multilateral funding agency.

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