1:30 am Buzzing: Shares of BHEL rose 2.5 percent intraday.
The company has successfully commissioned a 195 MW thermal unit in Bihar. It
says that this is the first 195 MW unit to be commissioned by BHEL at the 2X195
MW Muzaffarpur Thermal Power Station (TPS) Plant of Kanti Bijlee Utpadan Nigam
(KBUNL), a joint venture of NTPC and MSPGCL, Bihar. The second 195 MW is
expected to be commissioned in FY2015-16. Earlier, in the first week of March
2015, a 660 MW supercritical thermal unit was commissioned by BHEL at Barh in
Bihar.
Don't miss: ONGC,
OIL rise 4-5% as govt to bear entire fuel subsidy
The market is still on its northwards journey as the Sensex is up 343.83
points or 1 percent at 27355.14. The Nifty is up 107 points or 1 percent at
8288.50. About 1790 shares have advanced, 711 shares declined, and 139 shares
are unchanged.
ONGC, Bajaj Auto, M&M, Cipla and Hindalco are top gainers in the Sensex.
Among the top losers are Tata Motors, L&T, Wipro and ICICI Bank.
Meanwhile, both Future Retail and Future Consumer Enterprise are up 15 percent
each on hopes of a possible merger with Bharti Retail.
Meanwhile, Hartmut Issel, Head of Equity & Credit for Asia Pacific at
UBS continues to feel India is on track and bases the premise of his optimism
on oil prices. Issel, who is also CIO, the Wealth Management at UBS says low
oil prices may have been good for the economy but also impacted corporate
profits. A lot of earning downgrades is a result of that factor, Issel says.
He says oil prices have since moved up and expects that to firm up a bit more
resulting in wiping out the main source of downgrades. Once that is taken care
of, Issel sees the domestic story picking up again. For more information please
visit this site www.bigprofitbuzz.com
No comments:
Post a Comment