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Midcap & small cap buck trend
Thu, 6 Dec 01:30 pm

As index heavy-weights continued to witness selling pressure, Indian equity markets remained well below the dotted line in the post noon trading session. Majority of the sectoral indices are trading negative with technology, capital goods and banking stocks being the biggest losers. Consumer durable, realty and auto are the only stocks trading positive.

BSE-Sensex is down 137 points and NSE-Nifty is trading down by 42 points. Both BSE Mid Cap and BSE Small Cap indices are trading up by 0.1%. The rupee is trading at 54.4 to the US dollar.

Most of the power stocks are trading in red with GVK Power & Infra and KSK Energy being the biggest losers. According to a leading financial daily, the draft policy document on the second phase of Jawaharlal Nehru National Solar Mission has expressed hope that the country will achieve grid parity by 2017, five years ahead of the original target of 2022. The ministry of new and renewable energy expects solar tariff to fall to Rs 6 per unit in the second phase of the solar mission. In the first phase of the solar mission the lowest tariff bid received was Rs 7.4 per unit. In recent times, domestic coal shortage and reliance on imported coal has made conventional energy more expensive paving demand for solar power. In the second phase of the solar mission, the government plans to provide viability gap funding for 1,520 MW of solar photo voltaic projects and 1,080 MW of solar thermal projects. Due to limited availability of conventional power from unallocated central quota, the government plans to waive off power bundling in the second phase of the solar mission. The mission targets to bring cumulative solar capacity to 10 gigawatt by 2017.

Moving on to other news from sector - It is reported that power major National Thermal Power Corporation (NTPC) is looking to acquire fresh coal mines to raise its incremental capacity. These would help towards firing about 8,500 MW worth of capacity for the power company. This development comes in a few days after the government decided to re-allocate the three coal blocks. It is also reported that there are about 54 mines that would be up for auction once the roadmap forth auction is set and that power companies have asked the ministry to ascertain the geological reserves in advance. This process would help towards attracting more investors towards the auctions.

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Stock Market Updates

MPHASIS LTD Plunges by 5%; BSE IT Index Down 2.8% (Today's Market)

Oct 19, 2018 02:56 PM

MPHASIS LTD share price has plunged by 5% and its current market price is Rs 1,120. The BSE IT is down by 2.8%. The top gainers in the BSE IT Index are NIIT TECHNOLOGIES (up 5.1%) and NIIT LTD (up 1.4%). The top losers are MPHASIS LTD (down 5.2%) and L&T INFOTECH LTD (down 5.3%).

MAGMA FINCORP Plunges by 5%; BSE 500 Index Down 1.5% (Today's Market)

Oct 19, 2018 02:56 PM

MAGMA FINCORP share price has plunged by 5% and its current market price is Rs 103. The BSE 500 is down by 1.5%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.7%) and JET AIRWAYS (up 5.9%). The top losers are MAGMA FINCORP (down 5.1%) and PIRAMAL ENTERPRISES (down 9.7%).

TV TODAY NETWORK Plunges by 5%; BSE 500 Index Down 1.5% (Today's Market)

Oct 19, 2018 02:52 PM

TV TODAY NETWORK share price has plunged by 5% and its current market price is Rs 395. The BSE 500 is down by 1.5%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.2%) and JET AIRWAYS (up 6.4%). The top losers are TV TODAY NETWORK (down 5.1%) and L&T INFOTECH LTD (down 5.5%).

MUTHOOT FINANCE Plunges by 5%; BSE 500 Index Down 1.4% (Today's Market)

Oct 19, 2018 02:48 PM

MUTHOOT FINANCE share price has plunged by 5% and its current market price is Rs 404. The BSE 500 is down by 1.4%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.3%) and JET AIRWAYS (up 6.5%). The top losers are MUTHOOT FINANCE (down 5.2%) and PIRAMAL ENTERPRISES (down 9.8%).

HEIDELBERG CEMENT Plunges by 5%; BSE 500 Index Down 1.3% (Today's Market)

Oct 19, 2018 02:38 PM

HEIDELBERG CEMENT share price has plunged by 5% and its current market price is Rs 144. The BSE 500 is down by 1.3%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.4%) and RELIANCE INFRA (up 6.7%). The top losers are HEIDELBERG CEMENT (down 5.3%) and PIRAMAL ENTERPRISES (down 9.3%).

Sensex Down 420 Points; IT Stocks Tank (Today's Market)

Oct 19, 2018 12:30 pm

The BSE Sensex is trading down by 420 points, while the NSE Nifty is trading down by 140 points.

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Oct 19, 2018 03:35 PM

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