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Markets gain momentum
Fri, 2 Jan 11:30 am

After opening in the green, the Indian Indices have added to the early gains and are trading well above the dotted line currently. Banking and consumer durables stocks are leading the gainers. Mid and small cap stocks too are witnessing buying interest.

The BSE-Sensex is trading up by 330 points. The NSE-Nifty is trading up 97 points. The BSE Mid Cap index and the BSE Small Cap index is trading up 1% each. The rupee is trading at 63.32 to the US dollar.

As per a leading business daily, coal major Coal India will see senior IAS officer S. Bhattacharya assume charge as its new full time chairman and managing director by the 5th of January. It may be noted that the company has been without a fulltime head since S. Narsing Rao resigned from the post in May 2014. A better performance as far as meeting coal production targets is likely to be top on the agenda of the new management head of the company.

In a sign of a pick-up of manufacturing activities, the HSBC purchasing managers' index (PMI) rose to a 2 year high in December due to a rise in output and order flows from both domestic and overseas markets. The PMI was up at 54.5 points in December compared to 53.3 points in November.

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Related Views on News

COAL INDIA Announces Quarterly Results (2QFY21); Net Profit Down 16.3% (Quarterly Result Update)

Nov 25, 2020 | Updated on Nov 25, 2020

For the quarter ended September 2020, COAL INDIA has posted a net profit of Rs 30 bn (down 16.3% YoY). Sales on the other hand came in at Rs 212 bn (up 3.8% YoY). Read on for a complete analysis of COAL INDIA's quarterly results.

COAL INDIA 2019-20 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of COAL INDIA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of COAL INDIA. Also includes updates on the valuation of COAL INDIA.

COAL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 55.1% (Quarterly Result Update)

Sep 23, 2020 | Updated on Sep 23, 2020

For the quarter ended June 2020, COAL INDIA has posted a net profit of Rs 21 bn (down 55.1% YoY). Sales on the other hand came in at Rs 185 bn (down 25.9% YoY). Read on for a complete analysis of COAL INDIA's quarterly results.

COAL INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Jul 22, 2019 | Updated on Jul 22, 2019

Here's an analysis of the annual report of COAL INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of COAL INDIA. Also includes updates on the valuation of COAL INDIA.

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