Live
- ‘Baak (Aranmanai 4)’ Trailer: Get Spooked and Laugh Out Loud
- OpenAI, UK’s Financial Times ink content licensing deal
- PM Modi meets fruit seller Mohini Gowda in Karnataka, praises her for ‘good work’
- Thiruvananthapuram Mayor denies misbehaving with KSRTC bus driver
- Rahul Gandhi bats for dalit rights in Gujarat's Patan
- Empowering Tomorrow's Voters: Meru Students Lead Civic Duty Postcard Campaign
- Boost Your Immunity Naturally this Summer
- Nothing Phone 2a Blue Variant Launched: Price, Specifications and Offers
- Exploring the timeless allure of heritage Indian clothing
- Large caps dominate as Sensex gains more than 800 points
Railway stocks gain on deal to connect Middle East via railways
A potential infrastructure agreement encompassing ports and railroads being discussed by the leaders of the US, India, Saudi Arabia and other nations supported the outperformance of all railway stocks on Friday, said Vaibhav Vidwani, Research Analyst at Bonanza Portfolio.
New Delhi: A potential infrastructure agreement encompassing ports and railroads being discussed by the leaders of the US, India, Saudi Arabia and other nations supported the outperformance of all railway stocks on Friday, said Vaibhav Vidwani, Research Analyst at Bonanza Portfolio.
After news broke on Friday that the Ministry of Power planned to launch a tender to buy 4,000 MW of gas-based energy for around 20 days between September and November, shares of power were up by 1-4 per cent.
Niche sectors like power, defence and shipping continue to garner interest. Railway stocks were in momentum following media reports of potential deal to connect Gulf and Arab countries via railways, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Nifty surged by an impressive 2 per cent, while mid-cap stocks soared an astonishing 4 per cent this week, said Shrey Jain, Founder and CEO at SAS Online.
Nifty Bank, not one to be left behind, posted a solid 1.5 per cent gain.
Among sectors, it was all green except pharmaceuticals. Capital goods, oil & gas, power, and realty indices all enjoyed gains ranging from 1.5 per cent to 2 per cent, painting a vibrant picture of the market's vitality.
An interesting aspect of this week's activity is the mixed participation from Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). While FIIs engaged in some minor selling, DIIs demonstrated strong buying activity, underscoring domestic investor confidence.
Railway stocks gain on deal to connect Middle East via railways
For clarifications/queries, please contact IANS NEWS DESK at:
+91-120-4822400 +91-9311830312 support@ians.in
focuseconomybusiness
RELATED NEWS
‘Suhaagan’ will now see a broken Bindiya standing up for herself, says Garima Kishnani
Entertainment September 08,2023 7:05 PM#
Will Sutherland set to lead Australia A after being named Victoria's Sheffield Shield skipper
Sports September 08,2023 7:04 PM#
Lioness kills 5-year-old girl in Gujarat village
National September 08,2023 7:04 PM#
Devoleena Bhattacharjee joins cast of 'Dil Diyaan Gallaan'
Entertainment September 08,2023 7:05 PM#
Maternal exposure to air pollution may spur rise in smaller babies: Study
HEALTH/MEDICINE September 08,2023 7:02 PM#
Morris Coin cryptocurrency cheating case: ED attaches over Rs 3 cr assets of the company
National September 08,2023 7:04 PM#
Olivia Rodrigo releases second album 'Guts' aiming to expand on her artistry
Entertainment September 08,2023 7:05 PM#
SAFF U-16 C’ship: India gallop to eight-goal triumph over Maldives; seal spot in final
Sports September 08,2023 7:04 PM#
Naseeruddin Shah: Amount of stuff thrown out of 'Jaane Bhi Do Yaaro' would make another film
Entertainment September 08,2023 7:05 PM#
LATEST NEWS
‘Suhaagan’ will now see a broken Bindiya standing up for herself, says Garima Kishnani
#
Will Sutherland set to lead Australia A after being named Victoria's Sheffield Shield skipper
#
Lioness kills 5-year-old girl in Gujarat village
#
Devoleena Bhattacharjee joins cast of 'Dil Diyaan Gallaan'
#
Maternal exposure to air pollution may spur rise in smaller babies: Study
#
Morris Coin cryptocurrency cheating case: ED attaches over Rs 3 cr assets of the company
#
Olivia Rodrigo releases second album 'Guts' aiming to expand on her artistry
#
SAFF U-16 C’ship: India gallop to eight-goal triumph over Maldives; seal spot in final
#
IANS TWEETS
9,882 Likes
9,882 Likes
YouTube
9,882 Likes
9,882 Likes
