L&T bags order: Buildings and factories business of L&T Construction has secured a design and build order for the construction of hospitals from a private developer in India.
Buzzing: Share price of CG Power declined nearly 7 percent in the early trade on Wednesday after company posted net loss for the quarter ended December 2018.
The company's Q3FY19 net loss was of Rs 150.2 crore including one-time loss at Rs 116.6 crore.
Market Opens: Benchmark indices opened higher on Wednesday with Nifty trading above 10,850 mark.
The Sensex is up 199.06 points at 36352.68, while Nifty is up 58.60 points at 10890. About 506 shares have advanced, 285 shares declined, and 33 shares are unchanged.
Sun Pharma, ITC, Cola India, Indiabulls Housing, Jet Airways, ONGC, Bata, JSW Steel, TCS, RIL are the top gainers on the indices, while losers are HPCL, Infosys, Axis Bank.
Rupee Opens: The Indian rupee gained in the early trade on Wednesday. It has opened higher by 22 paise at 70.48 per dollar versus previous close 70.70.
Market at pre-open: Indian indices are trading higher in the pre-opening session with Nifty around 10,900 level.
At 09:01 hrs IST, the Sensex is up 175.87 points at 36329.49, while Nifty is up 58.10 points at 10889.50.
Sun Pharma, Coal India, Bata, NCC, are trading higher in the pre-opening, while CG Power is trading lower.
CG Power Q3 result: Net loss of Rs 150.2 crore includes one-time loss at Rs 116.6 crore. Other income at Rs 11.5 crore and revenue up 12% at Rs 1,719.5 crore.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 32.50 points or 0.30 percent. Nifty futures were trading around 10,894-level on the Singaporean Exchange.
Wall Street ends higher: Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by positive developments in the U.S.-China trade negotiations.
Asia trades higher: Asian stocks pulled ahead and safe-haven government bonds came under further pressure on Wednesday on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.
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