Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Realty rallies markets
Thu, 29 Apr 01:30 pm

In the last 2 hours of trade the markets saw an increase in buying activity, particularly in the index heavy weights, as investors returned to the markets. While stocks in the realty and consumer durables space saw investor interest, profit booking was seen in stocks from the IT and FMCG space.

The BSE-Sensex is trading higher by 75 points while the NSE-Nifty is trading 25 points above the dotted line. The BSE-Midcap Index is up by 0.8% while the BSE-Smallcap index is trading 1.3% above yesterday's closing. The rupee is trading at 44.62 to the US dollar.

As per a leading daily, NTPC plans to set up at least three 4,000 MW power projects through tie-ups with state governments. As of now the three plants will be built at Chhattisgarh, Karnataka and Madhya Pradesh. NTPC has already placed bulk orders for equipment for the Chhattisgarh and Karnataka plants while it is conducting feasibility studies for the Madhya Pradesh plant. The company in fact plans to start construction of the Madhya Pradesh plant by the end of the year. These three plants will require 60 MT of coal annually. Coal linkages are already in place for the Chhattisgarh and Karnataka plants and the company has asked the power ministry for coal linkage for the Madhya Pradesh plants. NTPC currently has a capacity of 31,704 MW and plans to take this up to 75,000 MW by the end of the 12th plan. Even with these new plants, the company will have to grow aggressively to achieving its target by 2017.

Petronet LNG announced its 4QFY10 results yesterday. The company's topline fell by 10% YoY on the back of lower realizations in spite of higher volume sales. Petronet's bottomline declined by 52% YoY on the back of lower operating income as a result of higher raw material costs as a percentage of sales and increase in interest and depreciation costs. While domestic supply of natural gas is increasing and imported LNG is a more expensive option compared to domestic natural gas, there is still demand for LNG. The reason being, the timing and quantum of new supplies are spread out over the next few years which will give the domestic demand scope to catch up. Furthermore, going forward, Petronet only plans to import gas if it has back-to-back sell agreements.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Realty rallies markets". Click here!

  

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.

GUJARAT PIPAVAV PORT Share Price Up by 12%; BSE REALTY Index Up 0.8% (Today's Market)

Mar 2, 2021 03:23 PM

GUJARAT PIPAVAV PORT share price is trading up by 12% and its current market price is Rs 114. The BSE REALTY is up by 0.8%. The top gainers in the BSE REALTY Index is GUJARAT PIPAVAV PORT (up 12.5%). The top losers are PRESTIGE ESTATES and PHOENIX MILL (down 0.2%).

STRIDES PHARMA SCIENCE Share Price Up by 5%; BSE HEALTHCARE Index Up 1.1% (Today's Market)

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.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Mar 2, 2021 (Close)

MARKET STATS