GOOD READS

Realty stocks gain the most

Indian equity markets continued to trade in the green during the previous two hours of trade. Barring FMCG, automobile and consumer durable stokcs, all sectoral indices are trading firm.

The BSE-Sensex is trading higher by 27 points and NSE-Nifty is trading up by 5 points. BSE Mid Cap and BSE Small Cap are trading higher by 0.2% each. The rupee is trading at 54.46 to the US dollar.

Fertilizer stocks are trading weak led by Nagarjuna Fertilisers and Zuari Indsutries. As per a leading daily, a unit of Tata Chemicals at Babrala, Uttar Pradesh is facing weak demand for its customized fertilizers. Customized fertilizers are a combination of micro nutrients such as sulphur, zinc and boron with regular fertilizers such as urea and di-ammonium phosphate (DAP) and potash. These are blended in specific proportions as required by the specific crops and soils. Weakened demand has resulted in fall in output at the plant. The plant is now operating at less than half of its installed capacity of just about 40%. The current installed capacity is 130 b tonnes.

Auto stocks are trading firm led by Jindal Drill and Oil and Natural Gas Corporation (ONGC). As per a leading daily, Hindustan Petroleum Corporation Limited (HPCL) has received the government's assistance to set up a refinery in Rajasthan. The energy company has received financial assistance to the tune of Rs 33.7 bn. We may note here that the Chief Minister of the state, Mr Ashok Gehlot had requested the Union Petroleum Minister, Mr Moily to ask HPCL to set up a refinery to fulfill the pending demand of Rajasthan state. HPCL is now expecting to receive all necessary approvals by ministry in time so that the work can start thereafter. At present, HPCL has 2 refineries, one each in Mumbai and Vishakhapatnam. First one has a capacity of 6.5 m metric tonnes per annum (MTPA) while the other has a capacity of 7.5 MTPA.

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
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Latest News

  • RIL raises $550 mn from Japanese banks

    Mumbai, April 23 (IANS) Mukesh Ambani-led Reliance Industries Ltd (RIL) Wednesday said it has raised $550 million as loan from Japanese banks for part-funding expansion of its petrochemical plant and new gasification unit. "In continuation of the fund raising programme initiated in 2012-13, RIL has tied up Export Credit Agency (ECA) facility of up to USD 550 million co-financed by JBIC (Japan Bank for International Cooperation) and a group of other Japanese banks," the company said in a …

  • Steady PMIs, sluggish China put brakes on European shares

    European shares edged down on Wednesday after three days of gains as data showing China's economy was still stuttering offset some broadly reassuring European purchasing manager index (PMI) numbers. Data compiler Markit's monthly PMI figures, seen as good indicators of future growth, showed that while France's economy was still a drag, Germany was continuing to power the euro zone's recovery. In Asia, China's stock markets had fallen again and the yuan tumbled to 16-month low after a survey …

  • BSE Sensex hits third consecutive record high
    BSE Sensex hits third consecutive record high

    Reuters Market Eye - The BSE Sensex and the Nifty hit record highs for the third consecutive session on Wednesday on the back of gains in blue-chip stocks. The benchmark index hits a record high of 22,901.65. ... …

  • Gold hovers near 2-1/2 month lows
    Gold hovers near 2-1/2 month lows

    Gold was steady but near its lowest in more than two months on Wednesday, with stronger equities denting the metal's safe-haven appeal and outflows from bullion funds showing weak investor appetite. Spot gold was trading flat at $1,283.50 an ounce by 0640 GMT. But if we break that level, we are going to fall to $1,250," said Yuichi Ikemizu, branch manager for Standard Bank in Tokyo. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and a good measure of investor …

  • Rupee slips below 61 against the dollar

    Mumbai, April 23 (IANS) The Indian rupee fell below 61 against a dollar for the first time in more than a month Wednesday on continued demands for the greenback from oil importers and weakness in other ... …

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. …

  • 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. …

  • Bracing for Challenges

    Raghuram Rajan is preparing to deal with concerns that may arise when a new government takes charge. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.61-0.24-1.42%
    UNITECH.BO
    14.27-0.31-2.13%
    SUZLON.BO
    120.20+6.80+6.00%
    FRL.BO
    68.00+6.05+9.77%
    MANGCHEM.BO
    53.80+1.05+1.99%
    HCLINFO.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    16.20+2.70+20.00%
    JAGSONPH.BO
    53.50+8.90+19.96%
    RUSHIL.BO
    63.95+8.90+16.17%
    MRPL.BO
    23.55+3.20+15.72%
    KILITCHD.BO
    23.80+2.90+13.88%
    NELCAST.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    -10.95-100.00%
    4THGEN.BO
    -17.30-100.00%
    ALFAICA.BO
    -16.81-100.00%
    AMAL.BO
    -11.73-100.00%
    BORAX.BO
    -29.95-100.00%
    BRADYM.BO
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