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Indian equity markets trade strong
Mon, 26 Nov 11:30 am

Indian equity markets continue to trade strong over the last two hours of trade. Consumer durable and Pharma stocks witnessed maximum buying interest while Banking and Realty stocks witnessed maximum selling pressure.

The Sensex today is up by 41 points, while the NSE-Nifty today is up by 8 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.6% and 0.7%. The rupee is trading at 55.63 to the US dollar.

Energy stocks are trading in the green led by Essar Oil and MRPL. According to a leading financial daily, Bharat Petroleum Corporation Ltd. (BPCL) has received the environment clearance from the Ministry of Environment & Forests for its integrated refinery expansion project (IREP). The project envisages increasing the capacity of the refinery by 6 million tonnes (mt) per annum to 15.5 mt from the present 9.5 mt. The estimated cost is Rs 142 bn and it is scheduled to be completed by December 2015. The company also plans to modernise the refinery to produce auto-fuels complying with Euro-IV and V specifications, upgrade low value refinery residue stream to value-added products and produce propylene, a major petrochemical feedstock. BPCL plans to utilise propylene to make petrochemical products like acrylates and super absorbent polymer that are predominantly imported into the country.

Finance stocks are trading strong led by J M Financial and Sundaram Finance. According to a leading financial daily, Power Finance Corporation (PFC) and Rural Electrification (REC), have jointly agreed to equally share the funding of expansion project of Odisha Power Generation Corporation ( OPGC), a joint sector company of the Odisha government and AES of USA. OPGC has tied up the funds for 1,320 Mw expansion project at its 420 Mw Ib Valley power station. PFC and REC will equally share Rs 86.6 bn loan component of the expansion plan whose total cost is pegged at Rs 115 bn. The project is being funded on a debt equity ratio of 3:1. The equity component of Rs 28.8 bn will be borne by OPGC. The Odisha government holds 51% stake in OPGC with AES having the rest 49% shares.

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Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark (Today's Market)

Feb 26, 2021 02:30 pm

The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 points.

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