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Sensex posts second straight session of gains; BHEL leads

Sensex posts second straight session of gains; BHEL leads

Indian shares gained for a second straight session on Thursday on short-covering in stocks such as Bharat Heavy Electricals, even as overall sentiment stayed cautious due to uncertainties surrounding the ability of global central banks to stimulate growth.

BHEL shares dip nearly 6% as Q1 net nosedives

Shares of power equipment maker Bharat Heavy Electricals Ltd (BHEL) Friday declined by nearly 6 percent, wiping-out Rs 4,014 crore from its market valuation, after the company reported a 82.48 percent plunge in standalone net profit for the quarter ended June 30.

Q3 results, FII, rupee key for stock mkt this week: Experts

Besides, auto stocks will be in focus as companies from this sector will report their sales data for January.

BHEL posts 64% drop in quarterly profit

Bharat Heavy Electricals posted a worse-than-expected 64 percent fall in quarterly net profit on Wednesday, the fifth straight drop, as a slowdown in demand ate into the sales of the country`s largest power equipment maker.

Rajasthan scraps Rs 12,000cr power project tenders won by BHEL

The Rajasthan government has scrapped tenders worth Rs 12,000 crore that were bagged by Bharat Heavy Electricals (BHEL) more than a year ago for two separate thermal power projects in the state.