GOOD READS

Metal stocks lead the downfall

Indian equity markets continued to trade in the red during the previous two hours of trade. Barring IT and banking stocks, all sectoral indices are trading weak.

The BSE-Sensex is trading lower by 82 points and NSE-Nifty is trading down by 30 points. BSE Mid Cap and BSE Small Cap indices are trading lower by 1% and 1.4% respectively. The rupee is trading at 54.95 to the US dollar.

Auto stocks are trading weak led by Tube Investments and Bajaj Auto. As per a leading daily, Tata Motors is working on changing its strategy for the passenger car segment. The auto company has almost 62% share in commercial vehicle segment. However, it is losing share in the passenger car segment. Tata Motors' sales in February plunged 70% YoY to just 10,613 units. To deal with this decline in sales, the Tata group company is also planning to slash the prices of its cars including Indica and Indigo by as much as Rs 50,000. On the other side, the utility vehicles are set for price hikes with immediate effect to offset the hike in excise duty announced in Union Budget.

Power stocks are trading weak led by NHPC and Jaiprakash Power. As per a leading daily, National Thermal Power Corporation (NTPC) is planning to invest Rs 202 bn towards capex in 2013-14. We may note here that this is less as compared to Rs 209.9 bn set aside as capex for 2012-13. The company plans to utilize its internal accruals towards the entire Rs 202 bn investment. NTPC has installed capacity of about 40,000 megawatt which it aims to enhance to 70,000 megawatt by March, 2017. Meanwhile, the Finance Ministry has also kept a provision for compensating the company after its proposed hydro plant in Uttarakhand was scrapped in 2010. Earlier in 2010, Group of Ministers (GoM) in 2010 had scrapped the NTPC's controversial 600 megawatt Loharinag Pala hydel project on Bhagirathi river in Uttarakhand.

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • NTT DoCoMo to exit India, unload entire stake in Tata Teleservices - s …

    Japan's NTT DoCoMo Inc (9437.T) will unload its 26.5 percent stake in loss-making Indian mobile phone joint venture Tata Teleservices Ltd and exit the country as it struggles with tough price competition, sources familiar with the matter said on Friday. NTT DoCoMo will make a formal decision at a board meeting on Friday, the sources said. An NTT DoCoMo spokesman said the company was considering various options for its overseas operations but that nothing had been decided. Japan's top …

  • Asian shares struggle, dollar slips as Ukraine tensions rise
    Asian shares struggle, dollar slips as Ukraine tensions rise

    Asian stocks struggled to rise on Friday, as the impact of upbeat U.S. economic data and robust U.S. tech shares faced off against fears of an escalating Ukraine crisis that bolstered the safe-haven yen. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan was a few ticks higher in early trade, while Japan's Nikkei stock average skidded 0.5 percent as disappointment …

  • Starbucks cafe sales heat up slightly in latest quarter

    The results from the world's biggest coffee chain came after McDonald's Corp (MCD.N), Dunkin' Donuts parent Dunkin' Brands (DNKN.O) and other major U.S. restaurant operators said last quarter's severe winter storms chilled results. Starbucks executives said the inclement weather also hit its business, but did not quantify the impact. Global sales at Starbucks cafes open at least 13 months were up 6 percent for the second quarter, versus analysts' average estimate of a 5.4 percent gain, …

  • Amazon's revenue increases even as spending rises
    Amazon's revenue increases even as spending rises

    Amazon.com Inc's (AMZN.O) revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. Amazon's international unit, which accounts for 40 percent of sales, continued to be a drag as sales growth slowed to 18 percent during the quarter. Global unit sales, a closely watched measure of how many items Amazon has sold, also decelerated, rising only 23 percent. …

  • 100-Square-Foot Cabin is a Kaleidoscopic Wonderland

    Photo via NYMag Plucked from New York magazine's annual Spring Design issue, which published this week, this technicolor dream of a microhome right outside Santa Fe, N.M. serves as a wee "reverse country house," for couple Linda and Jack Oldham—who... …

IN-DEPTH ANALYSIS & INTERVIEWS

  • Leaderspeak with Vikram Limaye

    Vikram Limaye MD & CEO, IDFC Ltd shares many firsts from his life. …

  • The Greening of the House of Tatas

    How a dedicated team converted a 90-year-old heritage structure into a benchmark for environment-friendly buildings. …

  • Appy Voting

    Mobile and online apps, seeking to inform or influence voters, have been more active than ever before in this election. …

  • In the crosshairs

    Why the future of FDI in multi-brand retail looks bleak after the polls. …

  • Deserving the honour

    How do the winners of the two new banking licences - microfinance lender Bandhan Financial Services and infra institution IDFC Ltd - measure up to the challenges of operating as full-fledged banks? …

  • A Samurai from Chandigarh

    Advertising veteran Sandeep Goyal is disarmingly frank as he recounts his years with Dentsu. …

  • Falling in line

    Global investors gear up to working with Narendra Modi despite reservations about his secular credentials. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.52-0.33-1.96%
    UNITECH.BO
    14.31-0.27-1.85%
    SUZLON.BO
    120.40+7.00+6.17%
    FRL.BO
    66.05+4.10+6.62%
    MANGCHEM.BO
    54.40+1.65+3.13%
    HCLINFO.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    16.20+2.70+20.00%
    JAGSONPH.BO
    53.50+8.90+19.96%
    RUSHIL.BO
    40.45+6.45+18.97%
    RCIIND.BO
    63.95+8.90+16.17%
    MRPL.BO
    24.00+3.10+14.83%
    NELCAST.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    10.95-10.95-100.00%
    4THGEN.BO
    17.30-17.30-100.00%
    ALFAICA.BO
    16.81-16.81-100.00%
    AMAL.BO
    11.73-11.73-100.00%
    BORAX.BO
    29.95-29.95-100.00%
    BRADYM.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.