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May 8, 2022
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Live Market Report: Sensex trades in negative, Nifty above 7,800; Diamond Power Infrastruture gains

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Live Market Report: Sensex trades in negative, Nifty above 7,800; Diamond Power Infrastruture gains: Eon Electric shares increased around 3 per cent that it’s received an extended LED streetlight installment contract aimed toward replacing traditional streetlights. Within the drawn-out contract, the organization is going to install added 33,153 LED streetlights in the city. The contract is a part of Rajasthan government’s initiative to cut energy consumption by replacing conventional lights.

Godrej Industries’ subsidiary company Godrej Agrovet (GAVL) has purchased additional position of 25 per cent in Creamline Dairy Products, among South India’s biggest dairy companies selling their products under the brand name ‘Creamline’ for Rs 150 crore.

The broader markets were outperforming the standard indices- BSE Midcap and Smallcap indices increased around 0.30 per cent each. Sensex was down 0.11.
Nestle shares increase over 0.50 per cent on strategies to establish more Maggi forms such as oats noodles and cup noodles in next 3-4 months. The business relaunched Maggi masala noodles five months after it had been prohibited by the FSSAI following a Bombay High Court order. After its relaunch, the business has sold 50-60 million packs of Maggi noodles up to now against 300-400 million units it used to sell before disaster in complete year.

IPO Upgrade — Health Care services company Narayana Hrudayalaya’s first public offer (IPO) has received great response from investors as its been oversubscribed 8.70 times. The Rs 613-core IPO received bids for 14,93,31,000 shares against the entire problem size of 1,71,66,309 shares, data accessible with the NSE.

Agents said development of profit-booking in select blue chips after recent gains as well as a poor tendency at other Asian bourses largely dampened opinion.
Ramkrishna Forgings shares increased almost 1 per cent after the company informed BSE that it’s started commercial production at its 12,500 tonne with effect that was press line from December The 12,500 tonne press line is found at Plant V, Saraikella, Kharswan in state of Tharkhand. Sensex was down 77.51 points at 25,658.

Following the organization on Monday said it’s sold almost 150 residential flats in Navi Mumbai for Rs 330 crore within its own asset monetisation strategies aimed at lowering debt, shares of Reliance Communications increased.

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