Domestic mutual funds and high net worth individuals (HNIs) were buyers in Larsen & Toubro (L&T) shares on Friday. According to brokers, scepticism over a slowdown in L&T’s order book growth has receded, with the company announcing a few large orders, of late.
Analysts also expect the company’s April-June earnings to be strong, taking cues from [...]

Indian markets broke out of a narrow range and ended higher Thursday, as traders took note of an upmove in Europe. All the sectoral indices ended in the positive terrain, led by capital goods and oil&gas space.
Bombay Stock Exchange’s Sensex ended at 17616.69, up 153.82 points or 0.88 per cent. The 30-share index hit a [...]

The BSE benchmark index, the Sensex, dropped 3.2% this week, its third decline in four weeks to close 0.5% lower on Friday, on continued foreign fund outflows, as euro zone jitters reduced risk appetite, sending world stocks lower.
Top engineering conglomerate Larsen & Toubro and metal makers led the decline. The 30-share BSE index Sensex closed [...]

L&T Infrastructure Finance, a unit of Indian engineering conglomerate Larsen & Toubro, has raised 5.25 billion rupees via bonds, two sources with knowledge of the deal said on Monday.
The bonds carry a coupon rate of 8.91 percent, are strippable into tenors ranging from 2-8 years, and Barclays Capital was sole arranger to the issue, they [...]

Engineering major Larsen & Toubro today said it has bagged an order worth Rs 1,400 crore from the Indian Oil Corporation (IOC) to develop reactor for fuel refinery at Orissa.
The order is bagged by hydrocarbon mid and downstream business group of the company’s engineering and construction division, Larsen & Toubro said in a filing to [...]

The BSE Sensex rose 0.6% to its best close in two months, joining the global markets cheer as the US Federal Reserve maintained its pledge to keep interest rates near zero, and pointed to increased momentum in the recovery of the world’s largest economy.
Financials led the rally on rising optimism of better long-term prospects in [...]

The benchmark index of the Bombay Stock Exchange (BSE) Sensex climbed 1.3% on Tuesday to their best close in nearly two months, with energy giant Reliance Industries leading the charge, and the rise in world equities lending support.
Reliance Industries (RIL), which has the highest weight on the main index Sensex rose 3.8% to Rs 1,066.80, [...]

India needs to review public spending and improve its fiscal position, Finance Minister Pranab Mukherjee said on Friday, kicking-off the presentation of his budget for the fiscal year that starts on April 1.
Following are the major sectors that are likely to gain or lose from the proposals of the budget
Construction and engineering companies such [...]

A fully-owned unit of engineering conglomerate Larsen & Toubro will open a retail bond sale on Tuesday, the company said on Monday.
L&T Finance will sell three-year bonds with a maximum yield of 8.58 per cent, and the bonds are rated ‘AA-plus’ by ICRA and CARE. The issue is scheduled to close on February 22 and [...]

A planned Rs 500 crore ($110 million) bond issue by a wholly-owned unit of engineering conglomerate Larsen & Toubro will be targeted at retail investors when it is launched this month, four sources with knowledge of the matter said.
L&T Finance is looking to sell 3-year bonds, although the coupon rate is yet undecided, two sources [...]