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Nifty falls below 6,000 on U.S. stimulus, China worries
Nifty futures fell more than 2 percent in trade on Thursday as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey has sparked concerns about foreign investor selling. Nifty was below 6,000. Article | Graphic: Five-day Nifty movement
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India L&T expects new orders of $3.7 bln to $4.7 bln in Jan-Mar
MUMBAI |
MUMBAI Jan 24 (Reuters) - India's Larsen & Toubro (L&T) expects to win orders worth 200 billion rupees to 250 billion rupees ($3.7-$4.7 billion) in the January-March quarter, an executive said on Thursday.
The construction and engineering company expects to stay within its guidance of 15-20 percent growth in its order book to 800 billion rupees to 840 billion rupees for the fiscal year ending in March, from a year earlier, its chief financial officer, R Shankar Raman, said.
L&T reported a 13 percent rise in net profit to 11.22 billion rupees for the third quarter, compared with 9.92 billion rupees a year earlier. Sales rose 10 percent to 154.29 billion rupees.
($1 = 53.6850 Indian rupees) (Reporting by Aditi Shah; Editing by Jijo Jacob)
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