MUMBAI: Larsen & Toubro has bagged orders totaling Rs 2592 crore for construction of residential, commercial and factor buildings since April, the $12.8-billion engineering and construction major said Friday.

| MUMBAI (Reuters) - The Sensex rose on Thursday on the back of some bargain hunting, while Reliance Industries rose after it increased the pace of its share buybacks, but sentiment remained broadly weak after the rupee hit a new record low.

Reuters Market Eye - Nomura downgrades Larsen & Toubro (LART.NS) to 'reduce' from 'buy', nearly halves target price to 992 rupees from 1691 rupees.

(Adds details on orders and revenue projection in 5th-6th paragraphs; comments from executives in 7th-8th, 11th, 13th-15th paragraphs; company's view on economy in 9th paragraph.