Morning Alert.. *Cabinet clears ₹13,041 crore rail, highway projects across five states* The Cabinet Committee on Economic Affairs on Wednesday approved five railway and highway projects worth ₹13,041 crore. These projects aim to increase infrastructure capacity in West Bengal, Odisha, Andhra Pradesh, Tamil Nadu, and Bihar. Railway projects dominate the approved list, with an estimated cost of around ₹9,450 crore. These projects include construction of a 173 kilometre (km) between Kharagpur in West Bengal and Bhadrak (Ranital) in Odisha, 75 km between Bhadrak and Haridaspur in Odisha, 90 km third and fourth lines between Gummidipundi in Andhra Pradesh and Gudur in Tamil Nadu, and 72 km third and fourth lines between Cuttack and Paradeep (Badabandha) in Odisha. The cabinet also approved the upgradation of the Muzaffarpur-Sitamarhi-Sonbarsa Section of National Highway (NH)-22 in Bihar to four lanes. The 82-km project will be developed on Hybrid Annuity Mode (HAM) at a total capital cost of ₹3590.73 crore. Under HAM, the government will pay 40 per cent of the project cost to the developer upfront, while the remaining two-thirds will be paid over a concession period (typically 15-20 years) in annuities with interest.
*Global market action* Dow Jones – Up by 0.02% or 12.20 points FTSE – Up by 0.14% or 15.31 points CAC – Down by 0.09% or 7.45 points DAX – Down by 0.14% or 37.03 points Gift Nifty – Up by 0.47% or 112.50 points
*FII/DII activities* FII – Bought 407.99Cr worth of shares DII – Bought 3973.72Cr worth of shares.
*Major Indian Indices PE* Nifty 50 – 20.4x Nifty Bank – 13.5x
*Stocks with high delivery percentage* Aster DM Quality care Ltd – 84.3% Apollo Tyres Ltd – 80.3% EIH Ltd – 79.5% NSDL – 76.4% Jubilant Pharmova Ltd – 75.5%
*Primary market activities* IPO opening today Tempsens Instruments India Ltd (Main board) – Issue size 650Cr
Listing today Credent Connect N Care Ltd (NSE SME) – Subscribed 153.13x
*Commodities updates* Gold – Rs 157966/10gm, Silver – Rs 236710/kg, Brcrude – Rs 8153/barrel, Copper – Rs 1372.55/kg.