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Indian stock markets surge upwards
Thu, 18 Jun 11:30 am

After opening the day on a positive note the Indian stock market indices have surged upwards. Buying interest is seen in Banking and Pharmaceutical sector.

The BSE-Sensex is trading up by 214 points (0.8%) and the NSE-Nifty is trading up by 52 points (0.65%). The BSE Mid Cap index is trading up by 69 points (0.67%), while the BSE Small Cap index is trading up by 114 points (1.1%). The rupee is trading at 63.88 to the US dollar. Gold and Silver are trading at Rs 26,936 per 10 grams & Rs 37,007 per kilogram respectively.

Stocks in Automobile are trading on a positive note with Ashok Leyland trading up by 2.4% and Tata Motors trading up by 1.4%. The demand for diesel vehicles is declining as the gap between diesel and petrol prices have decreased to Rs 16. The diesel prices have risen ever since they have been deregulated from last October. The share of diesel vehicles was 37% of all passenger vehicles in 2014-15, down from 42% in 2013-14 and 47% in 2012-13 according to the data provided by Society of Indian Automobile Manufacturers (SIAM).

Stocks in Power sector are trading on a mixed note with CESC trading up by 1.4% and National Thermal Power Corporation (NTPC) down by 0.4%. NTPC has entered into agreement with Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) to form a joint venture company for mining at Kudanali-Luburi coal block in Odisha. The company has signed the agreement on June 15, 2015 for the purpose of development of coal mine for power generation. The agreement was signed during a review meeting which was held to discuss the power sector of Jammu and Kashmir.

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Nov 24, 2017 (Close)