GOOD READS

Mid and small caps outperform

Indian equity markets traded in the negative during the last two hours of trade after opening on a firm note earlier today. Sectoral indices traded mixed with realty and metal stocks leading the gains while FMCG and banking stocks led the list of losers.

The BSE-Sensex is trading lower by 40 points and NSE-Nifty is trading lower by 14 points. BSE Mid Cap and BSE Small Cap indices are trading up by 0.9% and 0.7% respectively. The rupee is trading at 54.48 to the US dollar.

Engineering stocks are trading in the green led by Thermax Limited and Jain Irrigation. As per a leading daily, Thermax has bagged an engineering, procurement and construction (EPC) order worth Rs 5 bn from the centre. This is for setting up a captive power plant. Thermax will do the designing, engineering, construction and commissioning of the power plant for new integrated steel plant. This project is designed as a zero discharge plant and an effluent treatment plant based on reverse osmosis will recycle water. Thermax will supply 3 boilers with 160 tonnes per hour capacity each and two 40 megawatt each steam turbines. Water demineraliser plant, cooling water system, air conditioning and ventilation system, compressed air system, fire fighting facilities and emergency DG set will also be supplied.

Power stocks are trading strong led by Indiabulls Power and Adani Power. According to a leading financial daily, Tata Power and CESC will sign separate agreements with Jharkhand State Electricity Board (JSEB) on December 5 for supplying power to the state capital and Jamshedpur. Tata Power and CESC have been chosen by JSEB from among a list of bidders. We may note here that Tata Power has been carrying out power distribution and associated activities in Jharkhand for some time now. However, CESC is comparatively new in the state and would have to set up their office in Jharkhand. JSEB wants CESC to start providing their services from January last year. However, since it is new to the state and requires to complete set of formalities, they have left it to CESC to decide when they want to start their state operations.

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

  • GM to battle VW in China with $12 bln investment and new plants

    U.S. car giant General Motors Corp (GM) (GM.N) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market. GM expects its China sales to expand 8-10 percent this year, in line with the overall growth of the Chinese market, where foreign firms, such as Volkswagen AG (VOWG_p.DE), and domestic players like SAIC Motor Corp vie for more market share. In total we are investing $12 billion between …

  • Mercedes, BMW chase ultra rich clients with new high end cars

    Premium auto maker BMW (BMWG.DE) unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine. Ian Robertson, BMW Group's board member responsible for sales and marketing said the car is being presented the Auto China show in Beijing as a way to test customer opinion in the world's largest car market. Around half of tall the 7-series flagship models made by BMW end up being sold …

  • Reliance rubber unit sets up customer support in Vadodara

    Mumbai, April 20 (IANS) Relflex Elastomers, the synthetic rubber business unit of Mukesh Ambani-led Reliance Industries Ltd (RIL), Sunday inaugurated a customer support centre at its petrochemicals complex ... …

  • GM to invest $12 bln in China and plans more plants

    U.S. car giant General Motors Corp (GM) (GM.N) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market. GM expects its China sales to expand 8-10 percent this year, in line with the overall growth of the Chinese market, where foreign firms, such as Volkswagen AG (VOWG_p.DE), and domestic players like SAIC Motor Corp vie for more market share. In total we are …

  • In the driving seat: China's yuppies are new market force for global a …

    SHANGHAI/BEIJING (Reuters) - Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model. After nearly two decades of frenzied growth driven mainly by the very wealthy, China's auto market is maturing, yet remains ferociously competitive with manufacturers having to react quickly to shifting consumer trends. People like Zhou Wenxi, a 32-year-old Shanghai …

IN-DEPTH ANALYSIS & INTERVIEWS

  • This might well be India’s biggest Ponzi scam

    It was just too good to be true. Ashok Khital, 45, displays every symptom of a man who knows he's been conned. …

  • India's star studded football league

    High and mighty including Sachin, Salman & Sun Group buy ISL teams …

  • Leaderspeak with Rajesh Janey

    Rajesh Janey, President - India & SAARC, EMC shares many firsts in his life. …

  • Seed of Doubt

    Field trials have been allowed again in India. But two decades after their global launch, genetically modified (GM) crops remain controversial. …

  • Power Hungry

    Gujarat has power round-the-clock. Most other states do not. Why this will matter in the general elections. …

  • Etcetera

    The most keenly watched contest of the current general election will be the one for the Varanasi parliamentary seat, where the Bharatiya Janata Party's prime ministerial hopeful Narendra Modi squares off ... …

  • Economy vs Democracy

    As the country gets election fever, cash comes out of mattresses and turns into liquor, gifts, and food. But it is not bad for the health of the economy, reports Sarika Malhotra from the trenches. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.52+0.88+5.63%
    UNITECH.BO
    73.85+3.05+4.31%
    HDIL.BO
    13.36+0.25+1.91%
    SUZLON.BO
    718.55-6.70-0.92%
    HDFCBANKSL.BO
    57.40+2.75+5.03%
    JAIPRA.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    12.60+2.10+20.00%
    AGRIMONY.BO
    242.50+40.40+19.99%
    ACRYSIL.BO
    83.50+13.90+19.97%
    SICAL.BO
    46.00+7.65+19.95%
    SHRGLTR.BO
    65.25+10.85+19.94%
    AHLUCONT.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    11.60-2.70-18.88%
    ANISHAIMPEX.BO
    51.10-8.85-14.76%
    WINSOMTX.BO
    11.70-1.30-10.00%
    BLCISER.BO
    425.00-40.00-8.60%
    GCMSECU.BO
    59.40-5.55-8.55%
    JBML.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.