by
Published on 09-15-2015 07:32 AM
Markets Today
- Markets snapped two straight session of losses as the buying activity picked up on the back of favourable macroecomic numbers with the industrial production expanding at a better-than-estimated 4.2 % in July and the wholesale price index-based inflation plunging to a historic low of (-)4.95% in August creating room for RBI to slash key rates in the next monetary policy. However, investors are patiently awaiting for the US FOMC meet due later during the week. The Sensex ended at 25,857 up 247 points and the Nifty gained 83 points to close at 7,872. The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
- Ten power generation stocks closed 1.14% to 5.17% up on BSE on reports Prime Minister Narendra Modi is set to meet bosses of loss-making electricity utilities to debate a rescue package for the debt-laden sector. Adani Power (up 5.17%), Reliance Power (up 4.31%), Reliance Infrastructure (up 3.71%), CESC (up 4.13%), NTPC (up 5.06%), Jaiprakash Power Ventures (up 3.10%), JsW Energy (up 2.50%), Tata Power (up 3.78%), GMR Infrastructure (up 2.98%) and Torrent Power (up 1.14%), edged higher.
...