Markets maintain winning run for 5th day Benchmark indices continued their rally for the fifth day in a row on Thursday amid fag-end recovery in equities triggered by buying in IT counters. Bouncing back from its early fall, the 30-share BSE Sensex climbed 95.71 points or 0.16 per cent to settle at 59,202.90. During the day, it hit a high of 59,273.85 and a low of 58,791.28. From the Sensex pack, HCL Technologies, Tech Mahindra, NTPC, PowerGrid, Bajaj Finserv, Nestle, Bharti Airtel, Tata Consultancy Services and Infosys were among the winners. However, IndusInd Bank fell the most at 4.71 per cent, followed by Asian Paints, UltraTech Cement, HDFC Bank, Titan and Axis Bank. Among other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower. Also read: Stocks to buy: ICICI Bank, Cipla among top Muhurat picks, investors may pocket smart returns till next Diwali Stock exchanges in Europe were trading on a mixed note in mid-session deals. Wall Street had ended in the negative territory on Wednesday. International oil benchmark Brent crude was trading 1.16 per cent higher at USD 93.48 per barrel. Foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 453.91 crore, as per exchange data.
The launched works involve rehabilitating the Galgamuwa Railway Station and upgrading the railway line from Maho to Anuradhapura, including additional tasks. Another project is the second phase of track rehabilitation from Maho to Omanthai (128 kms), funded by a $318 million Indian Line of Credit.
Transport Minister Gunawardena praised the efforts of Indian company IRCON in Sri Lanka and called for more cooperation in the railway sector. State Minister Shantha Bandara and officials from the Sri Lankan Ministry of Transport attended the event.
Railways is a priority for Indian assistance in Sri Lanka, with over $1 billion invested under five Indian Lines of Credit. IRCON has been involved in Sri Lanks since 2009. It has contributed to the modernisation of Sri Lanka Railways by reconstructing the entire railway line network in the Northern Province (253 Km) and upgradation of the Southern line (115 km), as well as improving safety through advanced signalling and telecommunication systems.
Despite Sri Lanka’s debt standstill in April 2022, India’s support under various Lines of Credit has continued.
(With PTI inputs)