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Sensex Remains in the Green; Realty Stocks Under Pressure
Tue, 27 Dec 01:30 pm

After opening the day on a flat note, the Indian share markets have continued to trade above the dotted line. With the exception of the Realty Sector, all the sectoral indices are trading in the green, with stocks in the FMCG Sector and the Metals Sector leading the gains.

The BSE Sensex is trading up 138 points (up 0.5%) and the is trading 41 points (up 0.5%). Meanwhile, the BSE Mid Cap index is trading up by 1%, while the BSE Small Cap index is trading up by 0.8%. The rupee is trading at 68 to the US$.

India's largest power generator NTPC has announced that its total installed capacity increased to 48,028 MW following the commissioning of an 800 MW Unit at Kudgi Super Thermal Power Station in Karnataka.

In a statement, NTPC said this is the first 800 MW unit commissioned by it.

The Kudgi power plant will have a total capacity of 4,000 MW comprising three units of 800 MW in the first stage and two units of 800 MW in the second stage.

As of today the company has 19 coal-based, 7 gas based, 9 solar, 1 hydro and 9 subsidiaries or joint-venture power stations.

NTPC said it has capacity of over 23,000 MW under implementation at 23 locations across the country including 4,300 MW being undertaken by joint venture and subsidiary companies.

The PSU power giant is playing a major role in meeting the power needs of the country and contributing to its economic and social development, contributing nearly 24% of country's power generation.

The company further said it has a vision to be the world's leading power company, energizing India's growth and plans to become 130 Gigawatt company by 2032.

Additionally, NTPC's wholly-owned subsidiary NTPC Vidyut Vyapar Nigam (NVVN) has signed power purchase pact with Nepal Electricity Authority to supply 160 MW power for January-May 2017.

NVVN is the only government company in the power sector engaged in the business of power trading.

Going forward, addition of capacity is a key to earnings for power companies. Our team has written a detailed report on how NTPC can leverage its capabilities and convert them into higher revenues and profits. Do give it a read (subscription required).

Moving on to the news from commodity markets, crude oil is witnessing buying interest today. Most of the gains are seen on the back of surge in US demand. Also, a recent data showing decline in inventory levels has helped crude oil trade on a positive note.

The commodity also witnessed gains during the last week amid positive cues such as strong US economic data, a halt in the dollar rally, and optimism that crude oil producers would follow the agreement to limit output. This positive trend is seen in the chart below:

Crude Oil Trades on a Positive Note

To keep a tab on the movements in crude oil and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency and commodity markets.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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