- Home
- Today's Market
- Premium
- Research it
- Outlook
- Portfolio
- Mobile
- Trust Equitymaster
- Team
- Help
- Free Reports
MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Todays Market
- Indian Stock Market News August 23, 2011
We wish all our readers a very Happy Diwali!
Smallcaps outshine the markets Tue, 23 Aug 11:30 am
Indian stock market indices have been trading in the red over the past two hours of trade led by persistent selling across index heavyweights. Auto and Oil & Gas stocks are dragging the markets, while IT and Consumer Durables have managed some gains in trade so far.
The BSE- Sensexis down by 60 points and NSE- Nifty is down by 10 points. BSE Midcap and BSE Small cap indices are up by 0.2% and 0.4% respectively. The rupee is trading at 45.70 to the US dollar.
Power stocks are trading in the red on heavy selling witnessed in Coal India and NTPC. India's largest power generator, NTPC has been facing obstacles in new projects in the form of gas shortage and legal tussles over tenders. The power company is preparing a backup plan to avoid missing on its capacity expansion targets. As per the management, the company intends to achieve its objective of planned capacity expansion as well as the capital expenditure. NTPC is exploring the option of expanding its power plants if the proposed projects fail.
It may be noted here that the capacity addition by NTPC is crucial for the whole country as decided under in the 12th plan. NTPC is expected to add 25,000-30,000 MW of capacity in the next 5 years. The total target under the 12th Plan is 0.1 m MW.
Aluminium stocks are witnessing some selling pressure. Both Hindalco and NALCO are trading in the red. India's state run National Aluminium Company (NALCO) has received approval from the union coal ministry to mine a coal block in Orissa. The allocation was made for NALCO's Utkal coal block at Angul, about 161 km from Bhubaneswar. The block covers an area of around 212 hectares and has an estimated coal reserve of 70 m tons. The coal will be used by the company for its captive power plant which supplies power to its aluminium smelter. The scheduled commencement from Utkal coal block was already delayed due to problems pertaining to environment clearances and land acquisition. The company hopes to quickly sign the mining lease with the state government and start production from the coal block.
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
Indian Share Market Update: Top Gainers and Losers
|
| |
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
FOLLOW
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | Advertise | About | Sitemap
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "Smallcaps outshine the markets". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!