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IT stocks lead the rally
Tue, 25 Oct 11:30 am

Indian stock market indices are trading strong over the last two hours of trade on the back of sustained buying activity across index heavyweights. IT and Banking stocks witnessed maximum buying interest while Consumer Durable and Realty stocks witnessed maximum selling pressure.

The BSE-Sensex is up by 60 points, while the NSE-Nifty is up by 19 points. BSE Mid Cap and BSE Small Cap indices are down by 0.16% and 0.3% respectively. The rupee is trading at 49.67 to the US dollar.

Power stocks are trading in the red. Adani Power and Reliance Power are the biggest losers while Torrent Power and Tata Power are biggest gainers. According to a leading financial daily, Power Grid Corporation is planning to make an investment of Rs 1 tn to increase the inter regional transmission capacity to 65,000 mega watt (MW) during 12th Five Year Plan from the 28,000 MW in 11th Plan. The company is also planning to go global as an investor and developer of the transmission system. This will be the first project of this kind undertaken by the company. Power Grid has proposed to form a joint venture in Bangladesh and Sri Lanka for the setting up of an associated transmission lines to transmit power within the respective countries from the proposed power project planned by India's largest power generator National Thermal Power Corporation (NTPC). The company will make an investment of Rs 15 bn towards the project.

Energy stocks are trading strong led by Cairn india and Reliance. Gas authority of India limited (GAIL) has declared results for the quarter ended September 2011. The company has posted an increase of 19% in net profits on the back of higher gas trading volumes. Net profits were higher despite company's fuel subsidy pay out rising 38% YoY. The company also posted an increase in revenues of 20% YoY. Sales from petrochemical business were up 30%, while revenue from natural gas trading soared 20%. Revenue from natural gas transmission business was almost static at Rs 9.8 bn. GAIL is also planning to raise USD $300 m via external commercial borrowings (ECB) to fund its Rs 72 bn capital expenditure planned for this fiscal.

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Stock Market Updates

Sensex Ends 598 Points Lower, Nifty Settles Below 15,100-Mark; HDFC and JSW Steel Top Losers (Today's Market)

Mar 4, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 598 points and the Nifty ending down by 164 points.

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

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