The Nifty Realty index closed 3.05 per cent up at 1101.6.
Gainers & Losers: Cochin Shipyard, RITES among 5 stocks in limelight on Friday (20-09-2024)
Indian indices reached record highs on Friday, with ICICI Bank and HDFC Bank driving the rally. The Sensex closed at 84,544.31, while Nifty50 settled at 25,790.95, both posting significant gains.
Indian Railways 10 Trillion Mega Capex Plan – Railway Stocks to Ride (20-09-2024)
FM Sitaraman reviews Performace of Railway sector. Urge to meet Budgeted capital expenses target of 2,62,000 crore during 2024-25.
As per recent policy changes, FM is the reviewer of all PSU performance, FM has authority to upgrade or down grade a PSU where the salary of board members would get affected.
She has strictly instructed Railways that the budgeted Capex plan of 2,62,000 crore should be spent in (1) Safety kavach (2) doubling of tracks (3) electrification of tracks (4) Laying of new railway lines (5).Vande Bharat trains & passenger coach.
(6)the Interim Budget for 2024-25 also provided for three Economic Railway Corridors Programmes identified under the PM Gati Shakti for enabling multi-modal connectivity, including energy, mineral, and cement corridors; port connectivity corridors, and high traffic density corridors
Railway is well known for meeting capex target for last two years.
So, all railway stocks and ancillaries are likely to do well.
Dicl: Invested for long term from lower level in a basket of railway stocks. Hence biased. Please do your own assessment before buy sell.
A North Korean Trash Balloon Hits a Seoul Government Compound, Again (20-09-2024)
Debris was found more than a day after the North’s latest balloon launch. South Korea says it’s essentially impossible to track every balloon.
Wonderla Holidays (20-09-2024)
An interesting insight from the annual report is about the bhubaneshwar park for which lease period is for 90 years and annual lease rent is 6 lakhs per annum, also the total lease rent have been paid upfront in a single go!
Stock market update: Power stocks up as market rises (20-09-2024)
The 30-share BSE Sensex closed up 1359.51 points at 84544.31
Wonderla opens amusement park in Bhubaneswar, stocks surge (20-09-2024)
The park, officially opened by Odisha Deputy Chief Minister, Pravati Parida, has created over 400 jobs and initiated community programmes
Mauritius central bank cuts key interest rate by 50 basis points (20-09-2024)
“The MPC was thus of view that this environment creates space for a lower policy rate, without compromising on other macroeconomic objectives.”