Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Power & Metal, major gainers
Tue, 18 Nov 01:30 pm

Indian share markets remained buoyant in the post-noon trading session. Majority of the sectoral indices are trading in the green with power and metal stocks being the major gainers. IT and realty are among the few stocks trading negative.

BSE-Sensex is up 28 points and NSE-Nifty is trading 3 points up. BSE Mid Cap is trading 0.5% up and BSE Small Cap index is trading up by 0.9%. The rupee is trading at 61.75 to the US dollar.

Domestic pharma stocks are trading in green led by Wockhardt and Torrent Pharma. Ranbaxy and Orchid Chemicals are among the few stocks trading in the red. As per a leading financial daily, Aurobindo Pharma has outlined capex of Rs 13 bn for the current as well as future financial years. The company is expecting a capex of Rs 6 bn in FY15 out of which Rs 2.8 bn have already been spent in 1HFY15. For FY16, the capex will be slightly higher at Rs 6-7 bn. The capex will be spread out across active pharmaceutical ingredients (API) and formulations and will be funded through internal accruals. Aurobindo Pharma has pared debt by $85 m to $447 m in 1HFY15 and would further reduce debt by $25-40 m in the second half of FY15. Aurobindo Pharma stock is currently trading up 3%.

Majority of the engineering stocks are trading in the green led by Praj Inds and Punj Lloyd whereas Manugraph India and KSB Pumps are the few stocks trading in red. As per a leading financial daily, BHEL has completed the second module of 363.3 MW of ONGC Thermal Power Corp's gas-based power plant in Tripura. The first module of 363.3 MW was commissioned in January 2013. The combined-cycle power project would use gas from ONGC's fields in the northeastern state. BHEL has so far commissioned 911 MW of gas-based and hydroelectric stations in Tripura. This accounts for 100% of the state's generation capacity.

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 "Power & Metal, major gainers". Click here!


Related Views on News

BHEL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.9% (Market Updates)

Mar 2, 2021 | Updated on Mar 2, 2021

BHEL share price is trading up by 5% and its current market price is Rs 51. The BSE CAPITAL GOODS is up by 0.9%. The top gainers in the BSE CAPITAL GOODS Index are BHEL (up 5.3%) and NBCC (INDIA) (up 8.4%). The top losers are CARBORUNDUM UNIVERSAL and AIA ENGINEERING (down 0.7%).

BHEL 2019-20 Annual Report Analysis (Annual Result Update)

Oct 21, 2020 | Updated on Oct 21, 2020

Here's an analysis of the annual report of BHEL for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of BHEL. Also includes updates on the valuation of BHEL.

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

BHEL Announces Quarterly Results (3QFY20); Net Profit Down 17.3% (Quarterly Result Update)

Feb 13, 2020 | Updated on Feb 13, 2020

For the quarter ended December 2019, BHEL has posted a net profit of Rs 2 bn (down 17.3% YoY). Sales on the other hand came in at Rs 57 bn (down 22.6% YoY). Read on for a complete analysis of BHEL's quarterly results.

BHEL Announces Quarterly Results (1QFY20); Net Profit Down 239.0% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, BHEL has posted a net profit of Rs 2 bn (down 239.0% YoY). Sales on the other hand came in at Rs 45 bn (down 23.7% YoY). Read on for a complete analysis of BHEL's quarterly results.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...


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


Mar 2, 2021 03:36 PM