Four companies, including India's largest private sector electricity generator Tata Power and infrastructure major Larsen & Toubro Ltd, chose not to bid for the Rs 16,000-crore ultra mega power project (UMPP) in Tilaiya in Jharkhand even as Reliance Power, Lanco Infratech and NTPC Ltd, the country's largest power producer, submitted their technical bids.
Power Finance Corporation, the nodal agency for ultra mega power projects, has extended the last date for accepting bids for Krishnapatnam project to October 24, sources said. Essar Power, Sterlite Industries, Larsen and Toubro, D S Construction, Japan's Sumitomo Corp and CLP-GMR combine are other companies believed to be in the qualified bidders list.
The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed 12 points lower at 8,712.
The projects coming up in Bihar, Jharkhand and Odisha will together add 16,000 MW capacity to country's power generation.
Tata Power, Sesa Sterlite and Hindustan Zinc likely to be hit.
'Interim Budget has ignited the entrepreneurial spirit.'
Tata Steel, Suzlon mop up $700 million; Tata Power to raise $250 million. Tata Power also joined the queue on Tuesday and launched its $250-million GDR issue, with an option to retain a higher amount.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Of these, three stocks belong to the automobile pack and two are from the pharma.
With their balance sheets under stress, private companies have lost interest in them.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Metal stocks lose ground with Hindalco, Tata Steel, Sesa Sterlite down 4-10%.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
ITC, Sun Pharma, HDFC and Coal India were among the top gainers.
Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Meeting in the midst of a raging controversy, an inter-ministerial group on coal blocks on Monday skirted a decision on cancelling allotments of 58 mines, but firmed up the guidelines for forfeiting of bank guarantees for failure to develop them.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Caution prevailed across the bourses ahead of the Union Budget.
Overseas investors were one of the heavy buyers.
Large and small businesses alike have delivered low-key performances.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Markets end higher ahead of Fed outcome, China stimulus
The Union government has threatened to cancel coal block allocations of as many as 17 companies for failure to develop those allotted to them years before. These include big companies such as Tata Iron and Steel, Sterlite Energy, GMR Energy, ArcelorMittal India, Reliance Energy, GVK Power, Lanco Group and Rungta Mines.
The bias for the Sensex is likely to remain bearish as long as the index sustains below 18,900-odd levels. On the downside, the index could slide to 17,300-odd levels
Tata Steel, SBI, Infosys and L&T were among the top gainers for the day.
Nifty snaps 10-day winning streak
The 30-share Sensex ended down 90 points at 19,429 after hitting an intra-day low of 19,398 and the 50-share Nifty ended down 40 points at 5,881 after touching an intra-day low of 5,871.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
