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Realty stocks lead the rally
Tue, 1 Jan 11:30 am

Indian equity markets continued to trade in the positive during the previous two hours of trade after opening firm earlier today. Sectoral indices traded firm led by realty and metal stocks.

The BSE-Sensex is trading higher by 136 points and NSE- Nifty is trading up by 42 points. BSE Mid Cap and BSE Small Cap indices are trading higher by 1% and 0.9% respectively. The rupee is trading at 54.99 to the US dollar.

Power stocks are trading strong led by PTC India Limited and Reliance Infra. According to a leading daily, Tata Power is looking at setting up a 12,500 megawatt generation capacity abroad. It is looking at setting up plants in countries such as Indonesia to meet its growth target. We may note here that the Indian power company is facing problems domestically in the form of limited fuel supply and delay in approvals. India presently has 206,000 megawatt generation capacity and needs to increase it to 350,000 megawatt by 2020. In its 90 year history, Tata Power has overall set up just 6899 megawatt capacity.

Mining stocks are trading strong led by Gujarat NRE Coke and Natinal Mineral Development Corporation Limited (NMDC). According to a leading financial daily, government of India has invited proposals for 17 coal blocks with about 8.5 bn tonnes of reserves. Of these, 14 blocks have been earmarked for power companies and three for mining organizations. The applications will be have to be submitted by January 30, 2013. However, the allocation will be conducted after 4 years as per the newly introduced competitive bidding method. These blocks include Deocha-Pachami with 2.0 bn tonne reserves and Tentuloi with 1.2 bn tonne reserves. A specific set or criteria will apply to the state run enterprises which will be rated on a scale of 30 points.

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Stock Market Updates

Sensex Rises 477 Points; Trading Resumes on NSE (Today's Market)

Feb 24, 2021 Special Update

The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.5% (Today's Market)

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

MUTHOOT FINANCE Share Price Down by 6%; BSE 500 Index Up 0.5% (Today's Market)

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

ZENSAR TECHNOLOGIES at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Sensex Trades Over 200 Points Higher; Dow Futures Down by 103 Points (Today's Market)

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

OMAXE Share Price Down by 6%; BSE REALTY Index Up 0.5% (Today's Market)

Feb 24, 2021 12:22 PM

OMAXE share price is trading down by 6% and its current market price is Rs 72. The BSE REALTY is up by 0.5%. The top gainers in the BSE REALTY Index are PRESTIGE ESTATES (up 1.9%) and DLF (up 1.9%). The top losers is OMAXE (down 5.8%)..

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