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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Indian markets trade higher 
(Wed, 19 Mar 11:30 am) 
 
After opening weak, the Indian indices are trading above the dotted line in the morning session. Apart from software stocks and energy stocks, all sectoral indices are trading in the green. The buying interest is highest FMCG and banking stocks.

The BSE-Sensex is trading up 44 points and the NSE-Nifty is trading up 18 points. The BSE Mid Cap index is trading up 0.4% and the BSE Small Cap index is trading up 0.5%. The rupee is trading at 61.08 to the US dollar.

Most software stocks are trading lower today. Tata Consultancy Services (TCS) and Infosys are among the stocks leading the losses. India's second largest software firm, Infosys, has announced, in a filing with the BSE that it has signed a five year deal with a Swedish insurance consortium, Lanforsakringar AB. This is an alliance of 23 strong regional insurance companies in the Nordic region. Infosys will help the alliance improve its brand image as well as the quality of their services, reduce time to market and increase the operational efficiency of the business. Infosys will provide application development and maintenance for both the life and non-life businesses of the alliance. The financial details of the agreement were not disclosed. Infosys is trading down 2.2% today.

Most power stocks are trading firm today. While Torrent Power and Neyveli Lignite are the major gainers, Tata Power is the only stock trading weak. As per a leading business daily, National Thermal Power Corporation (NTPC) is in talks with private players to acquire their power projects in order to meet its strategy of increasing its thermal power capacity by 23,000 MW by 2017. The company is reportedly in talks with L&T, GMR group, JP Power and Shapoorji Pallonji Group for the same. Instead of the green field expansion, the company is looking out for brown field acquisitions and has invited companies for expression of interest to buyout projects. Its interest in acquisitions is not just limited to domestic players but foreign players as well, for coal-fired plants. The company is conducting due diligence on the 1,400 MW L&T Rajpura power plants, the 600 MW Warora power plants of GMR and JP Power's Bina plants. Currently, NTPC's total installed capacity stands at 42,464 MW and has 20,000 MW in various stages of implementation.

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Apr 27, 2017 02:32 PM

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