The Indian equity markets lost their radiance towards the end and fell sharply in the last hour of trade after starting the day on a firm note. The BSE-Sensex closed lower by about 135 points, while the NSE-Nifty ended lower by about 39 points. Stocks from the metal, oil & gas and PSU spaces were amongst the least favored today. Midcaps and small caps also ended the day with marginal losses. The BSE Midcap index was down by 0.1% while the BSE Smallcap index was down by 0.4%.
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite and the Nikkei 225 rose by 4.92% and 0.41% respectively. The Hang Seng lost 0.16%. European shares have opened the trading day on a positive note. The rupee was trading at 63.75 against the US$ in the post noon session.
Shares of BHEL Ltd surged after it was reported that the company has added one more coal-based power plant to the grid by successfully commissioning the 500 MW Unit-13 of Vindhyachal Super Thermal Power Station (STPS), Stage-V of NTPC. The project is located in Vindhyanagar in Singrauli district of Madhya Pradesh. Significantly, company had earlier commissioned 6 units of 500 MW rating each at Vindhyachal power station. With the commissioning of this unit, company has now commissioned 7 sets of 500 MW aggregating to 3,500 MW, the highest by BHEL in a power project. The scrip of BHEL ended the trading day up by 2.3% on the BSE.
Shares of Wockhardt surged more than 3% after the company declared its Q1 results of FY16. On the consolidated basis, the company has reported over fivefold jump in its net profit after tax, minority interest and share of profit/(loss) of associates at Rs 1.14 bn for the quarter ended June 30, 2015 as compared to Rs 199.5 m for the same quarter in the previous year. Net sales grew by 15.1% YoY to Rs 11.4 bn while other income nearly jumped 183% to Rs 233 m in the quarter gone by. Operating profit increased 2.7 times to Rs 1.67 bn and margin expanded by 840 basis points to 14.7% compared to corresponding quarter of last fiscal.