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Nifty to open below 15,000 amidst weak global cues - The Hindu BusinessLine

Nifty to open below 15,000 amidst weak global cues March 05, 2021 × Most Asia-Pacific markets slumped in excess of 1% in early trade on Friday while US stocks declined overnight The Indian markets are likely to open sharply lower on Friday, due to weak global cues and on profit booking. Cues from SGX Nifty suggest that Nifty is most likely to open below 15,000-mark. The SGX Nifty is hovering around 14,880, a decline of about 220 points, against the Nifty futures that on Thursday closed at 15,106. Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said: “We witnessed a sharp decline (on Thursday) in our market mainly due to the sudden jump in the long-term bond yields of the US. The steady growth in the economy leads to a steady rise in the bond yields and therefore, the market should start offering discounts in the medium to long term.”

NBCC signs MoU with RINL to redevelop, monetise 22 19 acre land in Visakhapatnam

NBCC signs MoU with RINL to redevelop, monetise 22.19 acre land in Visakhapatnam SECTIONS Last Updated: Mar 04, 2021, 05:16 PM IST Share Synopsis The land parcel is located at Maddilapalem, Visakhapatnam. The MoU (Memorandum of Understanding) was signed on February 26. The redevelopment and monetisation would be undertaken on a self-sustainable model. Agencies NBCC will also get a project marketing fee at 1% of actual sale proceeds on account of expenditure towards the appointment of real estate consultant etc State-owned construction firm NBCC Ltd on Thursday said it has executed an MoU with Rashtriya Ispat Nigam Ltd (RINL) for redevelopment and monetisation of 22.19 acres of land in Visakhapatnam.

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