Barring China (down 1%), most major Asian stock markets have opened the day on a firm note with South Korea (up 1%) and Japan (up 2.4%) leading the gains. The Indian share markets have also opened the day on a firm note. Stocks in the banking and metal space are leading the gains.
The Sensex today is up by around 146 points (0.7%), while the NSE-Nifty is up by around 40 points (0.7%). The midcap and smallcap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices trading higher by 0.6% each. The rupee is currently trading at Rs 62.23 to the US dollar.
Power stocks have opened the day on a firm note with GVK Power and Infrastructure, JSW Energy and Jaiprakash Power leading the gains. As per a leading financial daily, state-run power producer National Thermal Power Corporation (NTPC) is planning to set up another power project in Bihar. This 1,320 MW power project would be set up through a joint venture company with NTPC and Bihar state government's power production company. NTPC's stake in the joint venture would be 75%, while the remaining stake would be with the state government. The location of the project would be in Lakhisarai district of Bihar.
Retailing stocks have opened the day on a firm note with Shoppers' Stop and Future Retail leading the gains. As per a leading financial daily, Tata Group firm Titan Company Ltd has announced that its jewellery division has opened a 'Karigar' centre for manufacturing at Hosur in Tamil Nadu. The purpose of the centre is to provide safe working environment with dedicated work stations and comfortable accommodation for over 300 karigars or jewellery artisans from Kolkata, Coimbatore, Trissur, Jaipur, Hyderabad, etc. It is worth noting that Titan sells jewellery under the Tanishq brand. The Karigar centre model will help the company in retaining good talent in jewellery manufacturing.