Sensex Ends 133 Points Higher; UltraTech Cement And Grasim Industries Top Nifty Gainers

Significantly, this is the first equipment order placed by NPCIL under the Fleet Mode Procurement programme and will give an impetus to domestic manufacturing.

BHEL has the distinction of being associated with all the three stages of the Indian Nuclear Power Programme and has been the primary supplier for reactor headers, steam turbines, steam generators, motors, etc. to NPCIL.

Till now, all the Reactor Header Assemblies for 700 MWe PHWR based nuclear power projects have been supplied by BHEL.

In news from the auto ancillaries sector...

Shares of battery-makers rose today after reports stated that the American clean-energy and electric-vehicle (EV) company Tesla will begin its operations in India in 2021.

This development is expected to give a boost to the EV segment, which may result in a jump in demand for batteries.

Union Minister for Road Transport and Highways and the Minister of Micro, Small and Medium Enterprises Nitin Gadkari confirmed on December 28 that Tesla will begin its operations in India in 2021.

The minister said that Tesla will begin its operations with sales first and then maybe look at assembly and manufacturing based on the response to the cars.

Shares of companies such as Exide Industries, Amara Raja Batteries, and Eveready Industries India witnessed buying interest today on the back of the above news.

Market participants were also tracking banking stocks today after the Reserve Bank of India (RBI) said that with nearly 40% of the outstanding loans under a moratorium, India's banking and non-banking financial sectors may face a sharp deterioration in asset quality, going forward.

Banking and non-banking financial sectors in India showed resilience in 2019-20, but with nearly 40% of the outstanding loans under a moratorium, the system may face a sharp deterioration in asset quality, the RBI's annual publication titled "Trend and Progress of Banking in India", said.

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