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Sensex, Nifty sluggish; defence stocks rally, Cap Goods index up

Bharti Airtel, BHEL, Hero MotoCorp, ICICI Bank and ONGC are top gainers while Asian Paints, Coal India, Infosys, HDFC Bank and Lupin are losers in the Sensex.

June 08, 2016 / 12:16 IST
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Moneycontrol Bureau11:55 am New roads: The Centre will build 2.40 lakh kilometer-long roads across the country by the end of 2019, Union Minister Chaudhary Birender Singh said here today.

"2.40 lakh kilometer long roads would be constructed across the country by the end of 2019 and every homeless will be provided home by that time," the Union Minister of Rural Development, Panchayati Raj, Drinking Water and Sanitation told reporters here.

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He said that deposits worth around Rs 36,000 crore have been received in accounts opened under the government's flagship financial inclusion programme Pradhan Mantri Jan Dhan Yojana (PMJDY).

11:30 am Interview: NIIT Technologies' management has reiterated a soft revenue growth for the first quarter in FY17 on account of exposure to its Geographical Info System (GIS) business, said Arvind Thakur, CEO & Joint MD of the company. This is just a seasonal weakness that the company faces every year, he added.Thakur believes the company's margins to remain steady due to significant growth in its international and digital business. Meanwhile, NIIT Tech's travel vertical, impacted due to client specific issues in previous quarters, is likely to recover under the re-organisation the company has undergone, he told CNBC-TV18.Don't miss: Bharti to benefit most from 3% SUC, 85bps margin gain likely; stock up 2%