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Equity Research Report: Religare Morning Digest

We believe the Nifty index would consolidate further in the coming days but the overall bias would remain on the positive side till the Nifty index is upholding above 8350 mark.
04 Dec 2014 | 07:00 AM

Corporate News: 


The Government has diluted the lock-in period for foreign investments in the construction sector. The minimum area to be developed is 10 hectares of land area for serviced housing plots and 50,000 sq meters of built-up area for construction development projects.

 

ABB has bagged orders worth Rs 334 crore from public utilities, Bihar Grid Corporation Ltd (BGCL) and West Bengal State Electricity Transmission Company Ltd (WBSETCL), to build new transmission and distribution substations that will boost power supply in the region.

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