The Sensex today is trading lower by 19 points and NSE- Nifty today is trading downs by 8 points. BSE Mid Cap and BSE Small Cap indices are trading higher by 0.6% and 0.8% respectively. The rupee is trading at 55.00 to the US dollar.
Auto stocks are trading strong led by Maruti Suzuki and TVS Motors. According to a leading financial daily, Mahindra and Mahindra has ventured into the motorbikes segment recently with its two 110 cc models. The new motorcycles named Centuro and Pantero will be a product of M&M's two wheeler arm, Mahindra Two Wheelers Limited. The bikes will be designed in-house by M&M at their research and development (R&D) center in Pune. The engine for the bikes will be manufactured in Pithampur manufacturing facility of the automobile company. Pantero is expected to be launched in next two week's time while Centuro's launch would follow after a few weeks after that.
Power stocks are trading strong led by Neyveli Lignite and Adani Power. According to a leading daily, National Thermal Power Corporation (NTPC) would discuss the fuel supply agreement (FSA) in its next board meeting. We may note here that NTPC had stated that it would like to sign the agreement with Coal India by early January but the power company needs board's approval for it. Earlier, NTPC refused to sign the FSA for almost a year as it was receiving coal under two types of FSAs at a single thermal station.