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Indian markets build on gains
Thu, 17 Jan 11:30 am

Indian equity markets continued to trade in the positive during the previous two hours of trade. Sectoral indices traded mixed with IT and energy stocks emerging as top gainers while metal and capital goods stocks witnessed selling pressure.

The BSE-Sensex is trading higher by 60 points and NSE-Nifty is trading up by 17 points. Both the BSE Mid Cap and BSE Small Cap indices are trading flat at the moment. The rupee is trading at 54.61 to the US dollar.

Private banking stocks are trading mixed with Karnataka Bank and Federal Bank leading the gains while Lakshmi Vilas Bank and City Union Bank are among the top losers. According to a leading daily, Axis Bank has appointed Citigroup and JP Morgan Chase as investment bankers to raise funds of about Rs 60 bn. Further, Axis Capital has been appointed advisor for the same. This follows the board's approval received by the private sector bank to raise funds of Rs 62.2 bn by offering shares. The shares could be offered through qualified institutional placement or global depository receipts. In the meanwhile, Axis Bank recently declared results for quarter ended December 2012 and reported 19% YoY growth in net interest income and 22% YoY growth in net profits for the 9 month period.

Mining stocks are trading strong led by Gujarat NRE Coke and Coal India. According to a leading financial daily, Coal India will supply coal under the MoU route till January end. We may note here that the deadline of December 31, 2012 has been extended by a month for supply of coal to power firms. Earlier, in May the government had directed coal companies to supply fuel to power plants commissioned till 2012 through the MoU route till the fuel supply agreements (FSA) get resolved. 35 power companies have already signed the FSA with Coal India. However, National Thermal Power Corporation (NTPC) has not yet signed the FSA.

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Stock Market Updates

GUJ. STATE PETRONET Share Price Up by 5%; BSE 500 Index Up 1.4% (Today's Market)

Mar 2, 2021 03:31 PM

GUJ. STATE PETRONET share price is trading up by 5% and its current market price is Rs 262. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are GUJ. STATE PETRONET (up 5.2%) and GSK CONSUMER (up 5.1%). The top losers are BAYER CROPSCIENCE and LAURUS LABS.

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Mar 2, 2021 03:23 PM

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Mar 2, 2021 03:23 PM

STRIDES PHARMA SCIENCE share price is trading up by 5% and its current market price is Rs 878. The BSE HEALTHCARE is up by 1.1%. The top gainers in the BSE HEALTHCARE Index is STRIDES PHARMA SCIENCE (up 5.1%). The top losers are AJANTA PHARMA (down 0.4%) and CAPLIN POINT (down 0.4%).

JAGRAN PRAKASHAN Share Price Down by 7%; BSE 500 Index Up 1.3% (Today's Market)

Mar 2, 2021 03:23 PM

JAGRAN PRAKASHAN share price is trading down by 7% and its current market price is Rs 63. The BSE 500 is up by 1.3%. The top gainers in the BSE 500 Index are SYMPHONY (up 20.0%) and SHIPPING CORP (up 20.0%). The top losers is JAGRAN PRAKASHAN (down 7.4%)..

JK LAKSHMI CEMENT Share Price Up by 11%; BSE 500 Index Up 1.0% (Today's Market)

Mar 2, 2021 03:15 PM

JK LAKSHMI CEMENT share price is trading up by 11% and its current market price is Rs 438. The BSE 500 is up by 1.0%. The top gainers in the BSE 500 Index are JK LAKSHMI CEMENT (up 11.0%) and TTK PRESTIGE (up 11.1%). The top losers are CROMPTON GREAVES CONSUMER ELEC. and RAYMOND .

Sensex Trades Over 200 Points Higher; Dow Futures Down by 90 Points (Today's Market)

Mar 2, 2021 12:30 pm

BSE Sensex is trading up by 209 points, while the NSE Nifty is trading up by 76 points.

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