Tuesday, 24 February 2015

Sensex is up 26 point and Nifty up to 12 point in Today Trad


The 30-share Sensex is up 26 points at 29002, whereas the 50-share Nifty is up 12points at 8,768.Benchmark indices opened flat with Sensex reclaiming its crucial level of 29,000 in the early trades.

 

Investors remained cautious ahead of key events including Economic Survey, Railway Budget and Union Budget along with the expiry of February series later during the week.Shares of railway-related companies came under pressure on Tuesday ahead of Railway Budget.


Texmaco Rail & Engineering fell 18.93 per cent to touch intraday low of Rs 128.
Titagarh WagonsBSE -9.99 % plunged 10 per cent to intraday low of Rs 617.40.

 

Kalindee Rail Nirman declined 17.76 per cent to intraday low of Rs 31; Kernex MicrosystemsBSE -4.95 % fell 4.94 per cent to intraday low of Rs 49 while Stone India cracked 11.15 per cent to touch intraday low of Rs 81.20.

 

Shares of railway-linked companies have surged sharply in the past one month on hopes of higher foreign investment in Indian railways. There are hopes that more private participation will be allowed in railway projects.


In the broader market, both the BSE Midcap and Smallcap indices are up 0.2% each. Market breadth is positive on the BSE with 550 declines against 878 advances.   


Foreign institutional investors (FIIs) were net buyers in Indian equities to the tune of Rs 602 crore on Monday, as per provisional stock exchange data.


On the sectoral front, all sectoral indices are trading in green.  BSE Consumer Durables index is the top gainer up nearly 1% followed by BSDE Metal, Realty and FMCG indices up 0.4% each. 


Shares of Suzlon Energy surged over 7 per cent in early trade following reports that Shanghvi family is providing up to Rs 3,800 crore security.


State-owned Coal India (CIL) is gearing up to invest about Rs 6,000 crore towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity. Stock climbed nearly 1%


State Bank of India (SBI), the country's largest lender, wants the government to increase the upper limit for interest subvention (subsidy) of home loans from Rs 15 lakh to Rs 25 lakh. The stock is down 0.2%.


Hindalco has gained 0.4%. Last week, Hindalco won the Gare Palma IV/4 coal block in Chhatisgarh for Rs 3,001 per tonne, according to the results of e-Auction for Schedule II coal mines announced by the Ministry of Coal on Friday, 20 February 2015


RIL has lost 0.5%. The stock had lost close to 3% in the last session over the corporate espionage controversy.


Sesa Sterlite has lost 1% on profit booking.  The company’s subsidiary Bharat Aluminium Company (Balco) bagged one more coal block and total two mines in the first tranche of auction.

1 comments:

Peehu Sharma said...

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