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Metal stocks lead the rally
Tue, 3 Jan 11:30 am

Indian stock markets indices are trading strong over the last two hours of trade on the back of sustained buying activity witnessed across index heavyweights. metal and realty stocks lead the rally.

The BSE-Sensex is up by 320 points, while the NSE-Nifty is up 94 points. BSE Mid cap index and the BSE Small cap index are up by 1.07% and 1.05% respectively. The rupee is trading at 53.25 to the US dollar.

Engineering stocks are trading in the green led by Punj Lloyd and BGR Energy. According to a leading financial daily, Larsen And Toubro's (L&T) construction division has secured new orders worth Rs 20.5 bn across various business segments during December 2011. The company's water and effluent treatment business has bagged two major orders aggregating worth Rs 12.6 bn. In the building and factories segment, a new order worth Rs 3.8 bn has been received from a reputed developer in Mumbai for the construction of 4 residential towers. Moreover, in the rail infrastructure segment, new orders including additional orders aggregating Rs 4 bn has been bagged from various clients. This includes a major order for the construction of a viaduct including electrical, signaling and telecommunication works between Villupurum-Virudhachalam-Ariyalur section from Rail Vikas Nigam (RVNL).

Mining stocks are trading strong led by Metals and Minerals Trading Corporation of India Ltd. (MMTC) and Coal India. According to a leading financial daily, Government of India (GOI) has raised export duty on iron ore lumps and fines to 30% from 20% as it seeks to conserve supplies for its domestic steel industry. This is good news for steel players like Tata steel and Jindal South-West Steel (JSW Steel) who depend to some extent on domestic iron ore supplies. Though the Government did not provide any rationale for the latest duty hike, exporters see the steel lobby's hand behind the move. The steel industry has been demanding a ban on iron ore exports for some time now in a move to conserve the raw material with huge capacity addition in the pipeline. Post the duty hike, iron ore exporters in India are expected to further lose market share in China, their key market, to global giants like Rio Tinto and BHP Billiton.

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Stock Market Updates

Sensex Ends 598 Points Lower, Nifty Settles Below 15,100-Mark; HDFC and JSW Steel Top Losers (Today's Market)

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Indian share markets end deep in the red with the Sensex down by 598 points and the Nifty ending down by 164 points.

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

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