Nifty, Sensex struggling to rally – Weekly closing report
Moneylife Digital Team / IANS
The major indices continued its rally and ended with major gains. The trend of the major indices in the week is given in the table:
On Monday, the major indices continued to make new all-time highs. On the NSE, there were 1,385 advances, 528 declines and 326 unchanged.
Goodyear India declared an interim dividend of Rs 80 per equity share of face value of Rs 10 each for the financial year 2020-21. ONGC subsidiary ONGC Videsh made a significant strike in an onshore block in Colombia.
Tata Chemicals’ promoter Tata Sons purchased more than 25 lakh scrips worth over Rs 121 crore via open market transaction. Larsen & Toubro secured multiple orders for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries, leading infra companies engaged with the coal sector and customers from the cement and iron ore sectors.
Indian Hume Pipe Company secures Rs 550 cr water supply project in UP
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Strong market breadth; Nifty hovers above 13,550
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Indian Hume Pipe Co receives LOA for providing water supply schemes in UP
New Delhi, Dec 11:Concrete pipe manufacturer Indian Hume Pipe Co Ltd on Friday said it has received letter of acceptance from the Uttar Pradesh government for providing water supply schemes in 550 villages in the state at an approximate value of Rs 550 crore.
“The company has received letter of acceptance (LOA) from State Water and Sanitation Mission, Namami Gange and Rural Water Supply Department (SWSM), Lucknow, Government of Uttar Pradesh for providing water supply schemes in 550 villages of Kanpur Division in Uttar Pradesh at an approximate value of Rs 550 crore,” Indian Hume Pipe Co said in a regulatory filing.