Hindalco Industries logo

HINDALCO - Hindalco Industries News Story

₹478.75 -4.5  -0.9%

Last Trade - 24/09/21

Basic Materials
Large Cap
Market Cap £10.60bn
Enterprise Value £15.26bn
Revenue £14.63bn
Position in Universe 49th / 3149

Indian shares cheer PM Modi's promise on COVID-19 vaccines

Mon 17th August, 2020 5:02am
By Chandini Monnappa
    BENGALURU, Aug 17 (Reuters) - Indian shares rose on Monday
as Prime Minister Narendra Modi's assurance on mass production
of COVID-19 vaccines and more infrastructure spending by the
government boosted sentiment.
    The NSE Nifty 50 index  .NSEI  was up 0.42% at 11,219.35 by
0350 GMT, while the S&P BSE Sensex  .BSESN  was up 0.27% at
    "Along with mass-production, the roadmap for distribution of
vaccine to every single Indian in the least possible time is
also ready," Modi said in his Independence Day speech on
Saturday.  urn:newsml:reuters.com:*:nL4N2FH02Z
    He reiterated plans to improve the country's infrastructure
by spending more than 110 trillion ($1.47 trillion) rupees on
around 7000 projects.
    In Mumbai trading, all major sectoral indexes were trading
    The Nifty Infrastructure Index  .NIFTYINFR  advanced 0.57%
in early trade, led by a 2.1% rise in conglomerate Larsen &
Toubro Ltd  LART.NS .
    Only five stocks on the Nifty 50 index were in the red early
on Monday. Shares of Tata Motors Ltd  TAMO.NS  and Reliance
Industries Ltd  RELI.NS  slipped 2.5% and 1.2%, respectively,
and were the top losers on the index.
    Meanwhile, India continues to see a rise in coronavirus
cases, with the tally reaching 2.65 million and deaths crossing
50,000, as of Monday.  urn:newsml:reuters.com:*:nFWN2FE17E

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Arun
 ((Chandini.M@thomsonreuters.com; +918061822697;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.