Despite positive global cues, the Indian market saw a weak closing today. There was a major sell off in the FMCG, real estate and metal space. Sensex shut shop at 15572, down 197 points from the previous close. Nifty closed at 4627, down 49 points. CNX Midcap index was down 0.35% and BSE Smallcap index was up 0.51%. Market breadth closed negative with 460 advances against 763 declines on the NSE. Top Nifty gainers included Cairn India, Suzlon and Sterlite while losers included Wipro, ITC and DLF.
Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
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