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L&T Construction, the construction infrastructure arm of L&T, has won a significant order from Delhi Metro Rail Corporation to design and construct the underground metro project of Phase-IV of Delhi MRTS.

The Dow Jones Industrial Average rose 653.61 points, or 2%, to 33,286.25, the S&P 500 gained 107.18 points, or 2.57%, to 4,277.88 and the Nasdaq Composite added 460.00 points, or 3.59%, to 13,255.55.

In another transaction, Hinduja Group and Hinduja Realty Ventures bought over 10 lakh shares of Hinduja Global Solution. These shares were sold by Aasia Corporation and Aasia Exports.

Benefiting from oil prices hitting the highest since 2008, Aramco shares have jumped 15% in less than three weeks, giving it a market capitalization of over $2.3 trillion.

The Dow Jones Industrial Average rose 227.78 points, or 0.70%, at the open to 32,860.42.

“Our preference would be export-oriented sectors like IT and pharma. Telecom sector would probably offer the best earnings growth in the next couple of years. Select private sector banks should also be okay. Those are the pockets where we would like to continue to buy from a medium to longer term perspective.”

Crypto firms are expected to dominate advertisement space in the upcoming edition of the IPL, following the government’s announcement to tax crypto gains in the union budget and the ASCI’s guidelines.

“Our projections saw inflation coming down since our inflation is not really correlated with the US and momentum was seen as decreasing. But now because of the Ukraine issue and the oil price hikes, we have to see how persistent this is. Next month will be critical before the meeting in April. It will give us a sense of how long this issue is going to persist and how these sanctions on Russia will pan out and how they will affect the oil market.”

The Nifty Auto index closed 2.85 per cent up at 9832.35.

The rupee quoted 76.56 at 1530 hrs, registering a rise of 44 paise over its previous close.