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Indian markets recover some losses
Thu, 16 Feb 01:30 pm

Indian stock markets recovered losses to some extent over last two hours though are still trading in the red. Amongst the sectors, stocks from power and realty witnessed maximum gains while Energy stocks and metal stocks were leading the losers.

The BSE-Sensex is trading down by 104 points and NSE-Nifty is trading down by 33.2 points. However, BSE Mid cap and BSE Small cap indices are trading up by 0.5% and 0.7% respectively. The rupee is trading at 49.45 to the US dollar.

Power stocks are mainly trading in the green with PTC India Ltd and Neyveli Lignite leading the gainers. As per a leading financial daily, National Thermal Power Corporation (NTPC) plan to set up a 2x800 Megawatt (MW) coal based super thermal power plant in Orissa has taken a setback on environmental concerns. The Environment and Forest Ministry (MoEF) has refused to give the project a clearance. The project had already been facing opposition from locals on land acquisition issues. As per the Committee under MoEF, the project will require acquisition of forests and grazing land. NTPC now will have to formulate some terms for wildlife conservation in consultation with the wild life department at the earliest .The Committee has also suggested NTPC to acquire a grazing land of equivalent area and to develop and upgrade it. The stock was trading in the green.

Majority of the telecom stocks are trading in red. As per a leading financial daily, the government announced the new telecom policy. According to the new policy, the prescribed limit on spectrum allocated to service providers has been raised from the present 6.2 MHz of spectrum to 2X8 MHz (paired spectrum) for GSM technology for all service areas. In Delhi and Mumbai, the prescribed limit has been raised to 2X10 MHz (paired spectrum) for GSM technology. This is likely to benefit subscribers in the form of better quality services at economical rates. Additionally, the policy announced a uniform licence fee of 8% compared to the current range of 6-8% of Adjusted Gross Revenue (AGR) paid by operators annually. Besides the policy provided allowance for 35% market share in case of mergers paving way towards a liberal merger and acquisition regime in the industry.

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Stock Market Updates

TATA MOTORS Share Price Up by 5%; BSE AUTO Index Up 3.2% (Today's Market)

Mar 2, 2021 02:11 PM

TATA MOTORS share price is trading up by 5% and its current market price is Rs 346. The BSE AUTO is up by 3.2%. The top gainers in the BSE AUTO Index are TATA MOTORS (up 5.3%) and M&M (up 5.7%).

IFCI Share Price Up by 13%; BSE 500 Index Up 0.6% (Today's Market)

Mar 2, 2021 01:06 PM

IFCI share price is trading up by 13% and its current market price is Rs 11. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index are IFCI (up 12.6%) and SYMPHONY (up 17.1%). The top losers are PRESTIGE ESTATES and TV TODAY NETWORK .

IRB INFRA Share Price Up by 5%; BSE REALTY Index Up 0.1% (Today's Market)

Mar 2, 2021 12:53 PM

IRB INFRA share price is trading up by 5% and its current market price is Rs 113. The BSE REALTY is up by 0.1%. The top gainers in the BSE REALTY Index are IRB INFRA (up 5.1%) and INDIABULLS REAL EST (up 5.5%). The top losers are PRESTIGE ESTATES (down 0.2%) and OMAXE (down 0.5%).

TATA MOTORS DVR Share Price Up by 5%; BSE AUTO Index Up 2.3% (Today's Market)

Mar 2, 2021 12:49 PM

TATA MOTORS DVR share price is trading up by 5% and its current market price is Rs 139. The BSE AUTO is up by 2.3%. The top gainers in the BSE AUTO Index is TATA MOTORS DVR (up 5.3%). The top losers is MOTHERSON SUMI (down 0.2%).

BASF INDIA Share Price Up by 11%; BSE 500 Index Up 0.6% (Today's Market)

Mar 2, 2021 12:35 PM

BASF INDIA share price is trading up by 11% and its current market price is Rs 2,120. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index are BASF INDIA (up 11.5%) and SYMPHONY (up 11.7%). The top losers are THE RAMCO CEMENTS and ESCORTS LIMITED (down 0.1%).

Sensex Opens 450 Points Higher; BPCL Jumps 4% (Today's Market)

Mar 2, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 481 points, while the Nifty is trading higher by 137 points.

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