Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

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

  • MyStocks


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

Mid and small caps outperform
Wed, 29 May 11:30 am

Indian equity markets recovered some losses but continued to trade in the red during the previous two hours of trade. Sectoral indices traded mixed with capital goods and banking stocks witnessing maximum losses, while healthcare and FMCG stocks witnessed maximum gains.

The BSE-Sensex is trading lower by 27 points and NSE-Nifty is trading down by 12 points. However, BSE Mid Cap and BSE Small Cap indices are trading up by 0.1% and 0.3% respectively. The rupee is trading at 56.15 to the US dollar.

Power stocks are trading weak led by Adani Power and Reliance Power. As per a leading daily, power tariffs are set to rise soon. This follows Coal India's decision to raise prices by almost 5%. On Tuesday, Coal India reduced prices of premium varieties of coal but increased the prices of the rest by 10%. Resultantly, power tariffs will rise by 7 paise per unit to 45 paise. As per National Thermal Power Corporation (NTPC), the cost of generation at its Farakka and Kahalgaon units would rise by 36 paise to 42 paise per unit. The cost of power would on an average go up by 3.5%. We may note here that Coal India had last increased prices in January 2011.

Energy stocks are trading mixed with Jindal Drill and Oil India Limited leading the gains while Chennai Petroleum and Gujarat State Petronet witnessed selling pressure. As per a leading daily, Oil and Natural Gas Corporation (ONGC) is looking at setting up a gas processing plant in Maharashtra. This integrated unit would require investment of Rs 100 bn. The new plant will have a processing capacity of 10 mmscmd and a 30 megawatt captive power plant as part of the project. According to a company official, the Ministry of Environment and Forest (MoEF) has prescribed Terms of Reference for preparation of the environmental impact assessment report and environment management plan for the gas processing plant. This report would be submitted to the Maharashtra Pollution Control Board for public hearing.

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

Equitymaster requests your view! Post a comment on "Mid and small caps outperform". Click here!


Related Views on News

NTPC Announces Quarterly Results (4QFY18); Net Profit Up 5.0%

May 29, 2018 | Updated on May 29, 2018

For the quarter ended March 2018, NTPC has posted a net profit of Rs 26 bn (up 5.0% YoY). Sales on the other hand came in at Rs 231 bn (up 13.1% YoY). Read on for a complete analysis of NTPC's quarterly results.

NTPC: Higher Tax Provision Impacts Profits (Quarterly Results Update - Detailed)

Mar 30, 2017

NTPC declared results for the quarter ended December 2016. The company reported revenue growth of 10.9% while profits declined by 7.5% YoY.

NTPC: Capacity Addition a Key to Earnings Going Ahead (Quarterly Results Update - Detailed)

Nov 23, 2016

NTPC declared results for the quarter ended September 2016. Here is our analysis of the results.

NTPC: Good Start to the Year (Quarterly Results Update - Detailed)

Sep 29, 2016

NTPC declared results for the quarter ended June 2016. Here is our analysis of the results.

Power Grid: Robust Performance Continues (Quarterly Results Update - Detailed)

Nov 23, 2016

Power Grid Corp (PGCIL) declared its results for the quarter ended September 2016. The company reported a revenue and profit growth of 28% YoY and 32% YoY respectively.

More Views on News

Most Popular

How to Avoid a 90% Loss Suffered by This Super Investor(The 5 Minute Wrapup)

Jul 12, 2018

Blindly following super investors is a dangerous game to play. Here's how you can avoid such mistakes.

The Answer to Your Wealth Worries: Small Caps (Especially Now)(Profit Hunter)

Jul 10, 2018

If you're worried about the markets - you are on the wrong track. This is opportunity - put your wealth-building hat on, instead - Richa shows you how...

The Multiple Problems with the Minimum Support Price (MSP) System(Vivek Kaul's Diary)

Jul 11, 2018

The price signals that MSP sends out, creates its own set of problems.

New Fund Offer - ICICI Prudential Pharma Healthcare and Diagnostics Fund - Should You Invest?(Outside View)

Jul 6, 2018

ICICI AMC launches an open -ended equity fund following Pharma, Healthcare, Diagnostic and allied theme.

When Disappointment Panda is Around. Buy Quality Stock like This!(Chart Of The Day)

Jul 6, 2018

Buy Companies that can fight all kinds of Pandas and Bears in the long run.


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Jul 18, 2018 10:15 AM