Stock Market

Stock market update: Infra shares climb; GMR Infrastructure leaps over 5%

   Download Android App    Share in      FullScreen   CheckVideos

NEW DELHI: Infrastructure shares were trading with gains in Wednesday's afternoon session after Finance Minister Nirmala Sitharaman on Tuesday said the government has set up a task force to boost investments in infrastructure projects and is in the process of identifying the sectors which needed funding from the centre. "We will try to frontload infra spending as much as possible," she said, adding: "We are taking steps to increase consumer confidence in market." The government recently set up a task force, headed by the Economic Affairs Secretary, to draw up a 'National Infrastructure Pipeline' of Rs 100 lakh crore.

In the July Budget, the government had announced Rs 100 lakh crore investment in infra sector for the next 5 years. Shares of Vodafone Idea (up 6.60 per cent), GMR Infrastructure (up 5.38 per cent), Suzlon Energy (up 5.36 per cent), CG Power and Industrial Solutions (up 4.89 per cent) and Reliance Infrastructure (up 4.52 per cent) were among the top gainers. Adani Power (up 4.16 per cent) and IRB Infrastructure Developers (up 3.84 per cent) too were in the green. While InterGlobe Aviation (down 0.99 per cent), Bharti Airtel (down 0.91 per cent) and Tata Power Company (down 0.66 per cent) were among the top losers. The Nifty Infrastructure index was trading 0.28 per cent up at 3,076.7 around 12:46 pm.

Benchmark NSE Nifty50 index was up 27.70 points at 11,030.75, while BSE Sensex was up 111.28 points at 37,256.73.

Among the 50 stocks in the Nifty index, 30 were trading in the green, while 20 were in the red.

Shares of YES Bank, Vodafone Idea, Tata Motors, Ashok Leyland, JSPL, ICICI Lombard General Insurance Company, SAIL, Dish TV India, PNB and Bank of Baroda were among the most traded securities on the NSE.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21