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?  

Energy stocks lead the gainers
Tue, 22 Jul 11:30 am

After opening firm, the Indian stock markets have continued to trade strong in the last two hours of trade. The indices have remained well above the dotted line in morning session. A majority of the sectoral indices are trading in the green with stocks from oil and gas and realty sectors being the outperformers.

The BSE-Sensex is trading up 189 points. The NSE-Nifty is trading up 52 points. The BSE Mid Cap index is trading up 0.7% and the BSE Small Cap index is trading up 0.8%. The rupee is trading at 60.17 to the US dollar.

Most Telecom stocks are trading higher today. Idea Cellular and Bharti Airtel are leading the gainers. Indian telecom firms have received a huge boost with the latest decision of the Telecom Regulatory Authority of India (TRAI). The telecom regulator has paved the way for spectrum sharing in India. This was a long standing demand of the sector. Two telcos will now be allowed to share up to 25% of spectrum allocated to them within the same spectrum band. This decision has the potential to lower operating costs for telcos. It could lead to cheaper services if the companies were to pass on the benefit to the consumer. Sharing of spectrum will also mean that the sector could witness excess capacity and thus the overall quality of service could also improve. Telcos will also benefit in future spectrum auctions as they will need to spend less than what they would have had to earlier.

Majority of power stocks are trading strong, with JSW energy and Indiabulls power being among the leading gainers. As per the financial daily, Adani power and Tata power will be able to charge higher tariffs on back of increase in the cost of Indonesian coal. The sudden surge in the coal prices has impacted the cost of power generation of these companies. Appellate Tribunal for Electricity (APTEL) has also given green signal to increase the prices to both the companies. The regulator has also permitted both the companies to claim the arrears from March 2014 onwards. This was the time when the central electricity regulatory commission (CERC) had allowed compensatory tariff.

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 "Energy stocks lead the gainers". Click here!

  

Related Views on News

ADANI POWER Announces Quarterly Results (1QFY21); Net Profit Down 75.1% (Quarterly Result Update)

Aug 18, 2020 | Updated on Aug 18, 2020

For the quarter ended June 2020, ADANI POWER has posted a net profit of Rs 7 bn (down 75.1% YoY). Sales on the other hand came in at Rs 52 bn (down 33.3% YoY). Read on for a complete analysis of ADANI POWER's quarterly results.

ADANI POWER Announces Quarterly Results (1QFY20); Net Profit Up 52.8% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, ADANI POWER has posted a net profit of Rs 4 bn (up 52.8% YoY). Sales on the other hand came in at Rs 78 bn (up 103.8% YoY). Read on for a complete analysis of ADANI POWER's quarterly results.

ADANI POWER 2017-18 Annual Report Analysis (Annual Result Update)

Mar 29, 2019 | Updated on Mar 29, 2019

Here's an analysis of the annual report of ADANI POWER for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ADANI POWER. Also includes updates on the valuation of ADANI POWER.

More Views on News

Most Popular

Intraday Trading for a Living (Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years (Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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 TECK


Feb 24, 2021 (Close)

S&P BSE TECK 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS