The market opened in the green on February 11, 2020. The previous trading session witnessed the Sensex going down by 162.23 points to end at 40,979.62 and the Nifty was down by 66.85 points to close at 12,031.50. 

The market opened in the green on February 11, 2020. The previous trading session witnessed the Sensex going down by 162.23 points to end at 40,979.62 and the Nifty was down by 66.85 points to close at 12,031.50. 

Going ahead, 11,890-11,900 is a key support zone for Nifty. On the higher side, if the markets move above Thursday’s high of 12,161 and sustain there, then the bulls have an upper hand and in that case, the level of 12,272 which is the prior swing high, will be reclaimed.

After two consecutive days of losses, the bulls are likely to make a strong comeback and helping the cause is the cheerful global cues. Global markets are back on the bullish track as the growth of the number of confirmed coronavirus cases slowed down. SGX Nifty has surged 53 points and trading at 12,094 levels.

The domestic mutual fund industry, on back of better inflow in debt oriented schemes finally saw their assets crossing Rs 28 lakh crore in the month of January 2020.

There are various things that we might be doing or not doing unknowingly that usually leads to financial disaster. Therefore, how to avoid such financial disasters? Let’s find out.

On Monday, PNC Infratech announced that it has been declared as the L1 (lowest) bidder for a National Highways Authority of India (NHAI) Project for the 60.22 km long four-laning of Jagdishpur-Faizabad section of the NH 330-A in the state of Uttar Pradesh. The bidding for the project which was contested by three firms on February 10, 2020, with PNC's bid being the lowest of Rs 1530 crore.

The company reported that it won two orders from Jharkhand Urja Sancharan Nigam Limited (JUSNL) and Nuclear Power Corporation Limited which had combined worth of Rs. 573.32 crore.

The EBITDA for the quarter grew by 14.3 per cent YoY to Rs 79.67 crore as against Rs 69.68 crore in the corresponding quarter last year, with a corresponding margin expansion of 165 bps. EBITDA margin for the quarter stood at 14.3 per cent. This margin expansion was aided by decline in major cost i.e. freight, handling and servicing cost by around 2 per cent on YoY basis.

On Monday, L&T announced that its power, transmission and distribution business had acquired orders from prestigious clients on domestic and international fronts.