#NIFTY50CLOSINGBELL: 28th October, 2014 #Nifty closed positive at 8027.60 (+35.90 or +0.45%) as 32 out of 50 nifty stocks closed positive. #BankNifty closed positive at 16667.00 (+110.40 points or +0.67%) as buying in banking stock continues. #NiftyGainers: #SunPharma, #Cipla, #TataPower, #BPCL & #SBI #NiftyLosers: #Lupin, #BhartiAirtel, #HeroMotoCo, #JindalSteel & #PNB #MajorEconomicMovements: Engineering exports up 20% at $ 6.5 bn in September. Indias engineering exports grew by over 20 per cent year-on-year to $6.48 billion in September on account of high demand particularly in South Asia and West Asian nations. In September last year, these exports were at $5.38 billion, according to the Commerce Ministry data. According to engineering exporters body EEPC India, in the current fiscal, three countries in South Asia are in the top 25 destinations of Indias engineering exports. Indias engineering exports to Iran, Turkey and Jordan too have witnessed a healthy growth, EEPC India has said. The sector contributes about 25 per cent in the countrys total outbound shipments. It helped push Indias exports, which rose by 2.73 per cent to $28.9 billion in September. The countrys total engineering exports for April- September this fiscal aggregated to about $35 billion.
Posted on: Tue, 28 Oct 2014 10:57:42 +0000
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