GIFT Nifty Signals Muted Opening; Afcons Infra Receives Rs 1,006 Crore from Madhya Pradesh Metro

BANGALORE, India - Dec. 16, 2024 - PRLog -- December 16, 2024; 8:30 AM

Global Stock Markets: Dow Jones, -0.20%; S&P 500, -0.01%; Nasdaq, +0.12%; Shanghai, +0.02%; Nikkei, +0.15%; Kospi, -0.18%.

On friday, Nifty started on a muted note with a negative bias. It fell more than 300 points within the opening hour. Later, the momentum reversed as the index picked up from the day's low. It advanced more than 600 points and closed near the day's high. In the process, Nifty reclaimed its 100-DMA. Earlier the week, the index traded in a narrow range between its 50- (https://marketsmithindia.com/mstool/learning.jsp#/msiLearning/glossary/50DMA) and 100-DMA.

Reliance Industries acquired a 74% stake in Navi Mumbai IIA (NMIIA) for Rs 1,628.03 crore.

GE Power India received an extension of a purchase order for an amount of Rs 18.27 crore from MP Power Generating. The order includes the supply of boiler parts for the Sanjay Gandhi power station.

Afcons Infrastructure Ltd received a Letter of Acceptance (LOA) for a project worth Rs 1,006.74 crore from Madhya Pradesh Metro Rail Co.

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