The important thing to note is that while the Bank Nifty is not supporting the markets in anyway at least at this point of time, there is support coming in from other key sectors like IT and some of the other heavyweights like Larsen and Toubro (L&T) and specially the power stocks which got active after all that happened with JSPL yesterday.
CNBC-TV18's Pragya Bhardwaj lists out stocks that you should focus on.
CNBC-TV18's Pragya Bhardwaj lists out six stocks that you should focus on.
Most power and steel companies were pummelled in today‘s trading session. The street fears that the impact of a blanket de-allocation will hurt most of the companies in the sector. CNBC-TV18‘s Nigel D'souza and Pragya Bhardwaj analyse how this verdict will impact the steel and power sector.
Shree Cement will acquire the 1.5 million tonne cement grinding unit of Jaiprakash Associates at Panipat in Haryana, for Rs 360 crore. CNBC-TV18's Pragya Bhardwaj has more details on the contours of this deal.
Reliance Infrastructure and Tata Power Company are sitting at handsome gains of about 4 to 8 percent intraday trade benefiting from the news wherein The Delhi Electricity Regularity Commission has allowed the recovery of regulated assets to the tune of about Rs 8000 crore which will split between both these companies.
Larsen and Toubro made a fresh 52-week high in today's trade, up by 5-6 percent. Most of the brokerages have a buy or overweight call on L&T. Revenue momentum will start picking up now and margins will stabilise at the current level.
Stocks like NCC, Gammon Infra, IVRCL, Ashoka Buildcon has seen gains of 3 to 8 odd percent in today's trade.
Jaiprakash Power Ventures collapses 16 percent post sale of two hydro power units to TAQA for Rs 10,500 crore which will help JP Power Ventures bring down its debt by that much amount and help the company deleveraging.
The entire power sector is on fire today especially stocks like Tata Power and Adani Power reacting to that favorable ruling which has come from CERC where in CERC has allowed almost an entire pass through of the fuel cost giving a compensatory tariff hike which is very close to what the Deepak Parikh committee recommended.
A pro-development judgement has come in from CREC favouring some of the private power players but this has been a big blow for power companies like NTPC where CERC has finalised its overall regulations for FY15 to FY19 and there is no major change they have considered from the draft recomendations which came out in December 2013.
The Delhi High Court's decision to put electricity subsidy on hold would come as a relief for Tata Power and Reliance Power. CNBC-TV18's Pragya Bhardwaj analyses this development and the impact on these stocks.
ABB surges 12.80% after strong earnings
Jaiprakash Associates started today‘s trade with cuts of close to about 2.5 percent reacting to a disappoint set of numbers.
The biggest loser today on Nifty is Bharat Heavy Electricals (BHEL), trading with cuts of 3 percent odd.
Bharat Heavy Electricals Ltd (BHEL) is an important stock to watch out for in the capital goods space. The company will report its Q3 numbers.
FMCG major Hindustan Unilever reported stable numbers with the third quarter adjusted PAT up by 9 percent. The company also saw strong operational performance, beating analyst expectations. CNBC-TV18's Pragya Bhardwaj breaks down HUL results and anlaysis what this means for the sector.
"It came, it conquered and reacting very positively to the numbers that came after market hours yesterday", says Pragya Bhardwaj of CNBC-TV18. She gives details of brokerages view on Larsen and Toubro (L&T).
A lot of capital good stocks are in focus today and one such stock is Thermax. The company has reported a very weak set of numbers.
The state of Punjab has rolled back the value added tax on cigarettes which it had increased in April 2013.
It is always an interesting day for HUL whenever its parent company Unilever PLC reports its numbers. On January 21 2014, Unilever PLC reported its full year and Q4 numbers. Pragya Bhardwaj of CNBC-TV18 analyses the results and its impact on HUL.
A fair bit of cheer is coming in on the consumer earnings front from Emami. The stock has opened with gains of approximately 4 percent reacting positively to its Q3FY14 numbers.
Asian Paints came out with its Q3 results for FY14. The stock was down 3 percent on back of weak set of numbers, Pragya Bhardwaj of CNBC-TV18 tells us why.
The FMCG bellwether ITC reported its quarter three numbers. It was a rock solid, steady quarter from the company. Pretty much all the numbers were inline with what the street was expecting and on some parameters even marginally ahead than what the street was expecting.
Jubilant FoodWorks is under pressure today. The Reserve Bank of India (RBI) has said that the foreign institutional investors (FIIs) share purchase limit in the stock has reached a trigger limit. Pragya Bhardwaj of CNBC-TV18 gives the details.