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Markets climb on RBI repo rate cut
Tue, 17 Apr 11:30 am

Indian stock market indices are trading strong over the last two hours of trade. Realty and Metal stocks witnessed maximum buying interest while Consumer Durable stocks witnessed maximum selling pressure.

The BSE-Sensex is up by 132 points, while the NSE-Nifty is up by 38 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.47% and 0.36%. The rupee is trading at 51.45 to the US dollar.

Engineering stocks are trading in the green led by Ingersoll Rand and Alstom Projects. According to a leading financial daily, ABB is planning to invest Rs 2.5 bn towards setting up additional facilities in Savli near Vadodara in Gujarat. The new facilities will manufacture high voltage power products and transformers. The new transformers factory will manufacture vacuum cast coil dry-type transformers and oil immersed distribution transformers. The expansion is a part of ABB's strategy to develop, manufacture and market products that meet the needs of Indian customers as well as to serve as an export hub. The facility is expected to be operational by the end of 2012.

Aluminium stocks are trading strong led by Hindalco and National Aluminium Corporation Limited (Nalco). According to a leading financial daily, Hindalco Industries' 1.5 million tonne per annum (mtpa) Utkal alumina refinery is set to go into production by December this year. Around 85% of the construction work for the Rs 750 bn project has already been completed. Utkal Alumina project has already got clearance for mining of 8.5 m tonnes of bauxite at Baphilimali and Podingamali in Rayagada and Kalahandi districts respectively. The bauxite reserve in the mines, owned by the state-owned Odisha Mining Corporation (OMC), is estimated at around 200 m tonnes. The company aims to mine 4.5 mtpa initially to cater to the requirement of its alumina refinery. Initially, the plant would operate only at 50% capacity. It would take another six months for the plant to achieve full capacity utilization.

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Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

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