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Indian share markets close firm
Mon, 2 Dec Closing

Backed by persistent buying activity, Indian share markets ruled firm in the post-noon trading session. Stocks from pharma, capital goods and banking saw strong buying activity today. The broader indices ended on a strong footing with BSE Mid Cap and BSE Small Cap ending 0.8% and 1.1% higher at the end of the day. The BSE-Sensex closed higher by 106 points and NSE-Nifty ended 42 points up.

On the global front, Asian indices ended the day on a mixed note and the European indices opened mostly in the negative territory. The rupee is trading at 62.1 to the US dollar.

Majority of the engineering stocks are trading in the green with Jyothy Structure and Emco Energy being the major gainers. Honeywell Automation and KSB Pumps are among the few stocks trading in the red. As per a leading financial daily,BHEL's first supercritical power generation unit at Barh near Patna, Bihar has gone on-stream. The set is a part of NTPC's project and reached full load of 660 MW on 30th November 2013. BHEL had bagged its maiden order for two 660 MW sets with supercritical parameters from NTPC through international competitive bidding. The contract included design, engineering, manufacture, supply, erection and commissioning of the two 660 MW sets along with associated auxiliaries. Currently the company is executing orders for the supply & installation of 27 steam generators and 24 turbines with supercritical parameters of 660 MW, 700 MW and 800 MW ratings. BHEL can manufacture thermal sets upto 1,000 MW rating using domestic as well as imported coal and has an overall capacity of 20,000 MW per annum. BHEL stock is currently trading up 2%.

Automobile stocks are trading mixed with Force Motors amd Mahindra & Mahindra being the major gainers whereas Escorts and Maruti Suzuki are trading in the red. As per a leading financial daily, Maruti Suzuki posted a 4.2% fall in passenger car sales to 71,649 units in the month of November. The company was able to restrict the intensity of fall backed by robust growth in the mini and super compact segments. In the mini segment consisting of four models namely M_800, Alto, A-star and WagonR, the company clocked a 3.7% sales growth to 38,040 units. In the super compact segment, the company recorded a 13.2% jump in the sales of Dzire model to 15,286 units. However in the compact and mid-size segments, sales slumped by 24% and 71% respectively due to intense competition.

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Feb 19, 2018 03:37 PM