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Midcaps & smallcaps buck trend
Fri, 5 Sep 01:30 pm

Indian share markets widened losses in the post-noon trading session. Majority of the sectoral indices are trading mixed with engineering and realty stocks being the biggest gainers. Power and auto stocks are the major losers today.

BSE-Sensex is down 114 points and NSE-Nifty is trading 31 points down. BSE Mid Cap is trading 0.2% up and BSE Small Cap index is trading up by 0.6%. The rupee is trading at 60.43 to the US dollar.

Most of the engineering stocks are trading in the red with Punj Lloyd and Suzlon Energy being the biggest losers whereas Bharat Electronics and BEML are trading in the green. As per a leading financial daily, Larsen & Toubro (L&T) has bagged a turnkey project worth Rs 51 bn from the state utility MP Power Generating Company Ltd (MPPGCL) for the project plant situated at the Khandwa district of Madhya Pradesh. The order encompasses design, engineering, manufacture, supply, erection and commissioning of two coal fired thermal units of 660 MW each and having supercritical parameters. L&T stock is currently trading up by 0.7%.

Majority of the power stocks are trading in the red with KSK Energy and JaiPrakash Power being among major losers. CESC Ltd and Nevyelli Lignite are among the few stocks trading positive. As per a leading financial daily, Tata Power's Ultra Mega Power Plant (UMPP) at Mundra has been certified by Indian Register Quality Systems(IRQS) for quality, environment and OHSAS Management Systems. The certification recognizes that the company has processes and systems in place to ensure healthy and safe work environment. Presently, Tata Power along with its subsidiaries have an installed generation capacity of 8,613 MW. The company has a presence in all segments of power sector including generation (thermal, hydro, solar, wind), transmission, distribution, trading. Tata Power stock is currently trading down 1.3%.

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Mar 19, 2018 (Close)