On its part, L&T has ruled out a merger, but that’s only “for the time being”.
A Doji on the weekly chart reflected fatigue at higher levels, and indicated some slowdown.
Unitech, Binanis and Dion Global were among 280 stocks that hit lower circuits on BSE.
The market is looking up fast over the past few weeks amid improving macros.
As many as 47 aircraft of Jet Airways are on the ground as the company failed to pay rentals.
Post elections, companies are likely to start spending capital to create new capacity.
Regular stake sales by the government in PSU firms are keeping investors cagey.
The group is betting on select companies in chemical, footwear, IT, retail and banking space.
Risk appetite improved on unabated capital inflows, a rising rupee and positive global shares.
Data show capital efficiency of select hotels and hospitality majors have improved greatly.
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