The market opened in red on December 31, 2020, overall volumes in futures & options currently stand at 3,53,83,771 contracts with a turnover of Rs. 30,84,291.70 crore.

The market opened in red on December 31, 2020, overall volumes in futures & options currently stand at 3,53,83,771 contracts with a turnover of Rs. 30,84,291.70 crore.

Bharat Heavy Electricals Limited (BHEL) has bagged significant orders worth Rs 3,200 crore for electro-mechanical (E&M) works for a hydroelectric project (HEP) in Andhra Pradesh. The order also includes E&M works of pump-motor sets for lift irrigation schemes (LIS) in Telangana.

Vedanta Limited emerged as the highest bidder for the West Coal Block at Radhikapur, located in Angul district of Odisha. The west coal block is at a distance of 190 kms from the company's Jharsuguda aluminum smelter. The announcement was made on Wednesday after the market hours. 

Adani Green Energy: The company commissioned 100 MWac solar power plant at Khirsara (Gujarat) ahead of schedule. Feat takes Adani Green Energy’s total operational renewable capacity to 2,950 MWac; a step closer to its vision of 25 GW capacity by 2025.

When we talk about the performance of markets in 2020, the first thing that strikes in mind is the word 'comeback' as markets have made a strong comeback after a severe crash. Wednesday was no different as markets did make a strong comeback and ended near the high point of the day. However, the milestone of 14,000 still seems so near yet to so far on Nifty. 

The level of 14,000 would act as an immediate resistance as this is a round number and any sustainable move above the 14,000 mark, could lead to the 14,200 mark. On the downside, Monday’s gap area (13,771-13,811) is likely to act as an immediate support level as it coincides with the previous all-time high of Nifty. 

The shares of Mayur Uniquoters were trading up by more than 10 per cent on Wednesday on the commencement of planned buyback of 7,50,000 equity shares. The buyback price is set at Rs 400 per share, which is around 28 per cent premium from its current levels.   

Premier Explosives Limited (PEL) has received an enhancement in order from Israel Aerospace Industries Limited (IAI) for the development & supply of EDRM Rocket Motors for a total value of USD 13,84,000 in place of USD 5,20,000. These ordered items are expected to be delivered by September 30, 2021. 

Jindal Steel & Power Limited (JSPL) is a conglomerate operating in the steel, power, mining & infrastructure sector. The company has become the first-ever private company to get the stamp of ‘regular supplier’ from the Indian railways. JSPL would be supplying 60 kg of 880-grade prime (90 UTS) rails, which has been approved by Research Design & Standards Organisation (RDSO) as well as by the Ministry of Railways.