GOOD READS

Small cap stocks buck trend

Indian share markets slipped deeper in the red in the post-noon trading session. Barring IT and pharma, all the sectoral indices are trading negative. Realty, banking and capital goods stocks are the major losers.

BSE-Sensex is down 93 points and NSE-Nifty is trading down 30 points. While BSE Mid Cap is down 0.5%, BSE Small Cap index is trading up by 0.2%. The rupee is trading at 54.3 to the US dollar.

Power stocks are trading mixed with Jaiprakash Power and JSW Energy being the major gainers and Indiabulls Power and PTC India being the biggest losers. As per a leading financial daily, the government has shelved the coal price pooling for power projects after a consensus on the likely impact of tariff could not be reached. Reportedly, the Cabinet Committee of Economic Affairs (CCEA) has decided that the power plants with capacity of 60,000 MW and commissioned before 2009 will continue to receive coal from Coal India (CIL) as before. However, the plants commissioned after 2009 can source imported coal from CIL on a cost-plus basis or import on their own. This development is likely to adversely impact private power producers that are developing projects awarded on a tariff-based bidding. However in a recent move, the Central Electricity Regulatory Commission (CERC) has allowed two power producers Adani Power and Tata Power to hike tariffs for power generated on imported coal from their Mundra power plants. Tata Power stock is down 0.8% whereas Adani Power stock is marginally up.

Automobile stocks are trading mixed with Bajaj Auto and Escorts leading among the pack of gainers while Tata Motors and Eicher Motors are the top losers. As per a leading financial daily, Maruti Suzuki (MARUTI) will be soon introducing a new version WagonR Stingray in its small car segment. Reportedly, this car will be complementing the WagonR series, which is one of the successful cars of Maruti Suzuki. Few years back WagonR was the second-largest selling car in the domestic market, but it slipped to fourth position in FY13. The new Stingray variant is expected to retain the position. This version was launched in Japanese market last year with several improvements which would also be updated in the Indian variant. The launch is expected in next few months.

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

  • India's GDP quadrupled in 10 years under UPA: Anand Sharma

    Mumbai, April 19 (IANS) India created a world record of quadrupling its GDP in the past 10 years under the two UPA governments, Union Commerce Minister Anand Sharma said here Saturday. In contrast, even during the industrial revolution, countries like the US, Britain or Germany could not double their GDP in 10 years. Japan was the first country which doubled its GDP in a decade while China broke it by tripling its GDP in a decade, Sharma said, citing various reports, including the Reserve …

  • Laundry Project India to expand operations

    Chennai, April 19 (IANS) Corporate clothes launderer Laundry Project India plans to expand its business operations by setting up operations in Pune and National Capital Region (NCR) this year and also venture into leasing of linen and corporate uniforms, said a top company official. The organised laundry market size in India is around Rs.5,200 crore as per KPMG study," R.Balachandar, founder and CEO, told reporters here Saturday. He said while most of the corporates in this segment are …

  • Goa Congress unhappy with Karnataka unit over water dispute

    Panaji, April 19 (IANS) The Congress in Goa Saturday said it will ask its party's government in neighbouring Karnataka to fall in line over a water dispute being heard by a central tribunal. Congress spokesperson Durgadas Kamat told a press conference that the Karnataka government was defying a recent Mhadei Water Disputes Tribunal (MWDT) decision to erect a wall across a canal, built to divert water from the Mhadei river to the Malaprabha basin in the state. We will speak to the Congress …

  • CBI probe sought into Vadra's land deal

    New Delhi, April 19 (IANS) A plea has been filed in the Delhi High Court seeking a CBI probe into licences granted to several real estate developers, including the one with which Congress chief Sonia Gandhi's son-in-law Robert Vadra's Skylight Hospitality Pvt. In the plea, he contended that allocation of licences for developing colonies was contrary to provisions of the Haryana Development and Regulation of Urban Areas Act, 1975. The plea also sought quashing of the June 3, 2013 letter by …

  • Will Nehru-Gandhi dynasty reboot or fade out?

    Narendra Modi is not far off the mark when he says that the May 16 results will be the Congress's worst. It must be mortifying for the Congress that this figure has become something of a psychological marker. The only consolation for the Congress will be that such wild swings of fortune are not unknown in Indian politics. For the Congress, however, the focus has to be on the post-poll scenario since a defeat is staring it in the face. …

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
    16.52+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
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