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HINDALCO - Hindalco Industries News Story

₹478.75 -4.5  -0.9%

Last Trade - 24/09/21

Sector
Basic Materials
Size
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
37,960.61.
    "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
higher.
    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
Koyyur)
 ((Chandini.M@thomsonreuters.com; +918061822697;))
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