DSIJ Mindshare

Indian markets are expected to open the session with modest gains as cues from Asian peers are positive. At the time of writing, the SGX Nifty was trading at 11,754 level, up by 35 points.

India Ratings and Research has downgraded Jain Irrigation’s long-term issuer rating to 'IND BBB' from 'IND A-' and has placed it on a ‘Rating Watch Negative’(RWN). Reacting to this development, the stock of the company plunged by 28.10 per cent.

NLC India Limited received a confirmation from TANGEDCO for the 100 MW Solar PV power plant, out of 709 MW solar power projects awarded by TANGEDCO. The company has successfully commissioned the plant and the commercial operation has been declared with effect from May 29, 2019.

Bharat Heavy Electricals Limited (BHEL) has been successful in commissioning Unit 1 of the 4x84 MW Chhukha hydro-electric project (HEP) following complete renovation and modernisation (R&M) of the generator in Bhutan.

The Indian benchmark indices went through a volatile ride but at the end, they settled for the day in a positive zone, on Wednesday.