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Indian Equity markets open in green
Sat, 11 May 11:30 am

Indian equity markets have opened in green on today's special trading session. The most noticeable upward movements have been witnessed in the healthcare and metal sectors while auto and IT have been facing the maximum selling pressures.

The BSE-Sensex is up by 12 points and NSE-Nifty is up by 14 points. BSE Mid Cap index is trading up by 0.1 % while BSE Small Cap index is trading up by 0.2%.

Power shares are trading on a mixed note with CESC Ltd and Torrent Power leading the gains while Power Grid and KSK Energy are witnessing the maximum selling pressures. National Thermal Power Corporation (NTPC) has declared results for the quarter and full year ended March 2013. The quarterly net sales and the annual net sales growth have been aided by both domestic and export sales. Annual net sales have grown by 35% YoY, while operating margin has improved by 6.1% to 25.5% in 4QFY13, resulting in 76.7% YoY growth in operating profit. The net profit has surged by 162% YoY, largely because of a decline in tax expense by 20%. NTPC's share is trading down by 0.2%.

Engineering shares are trading on a mixed note with Bharat Electric and Elecon Engineering leading the pack, while Kalpataru Power and Alstom T&D are facing the maximum selling pressures. Elgi Equipment has declared results for the fourth quarter and full year ended March 2013. Consolidated top-line has grown by 36% during the quarter. Rise in expenses has led to 1.5% contraction in operating margin and a lower than top-line growth of 16% in operating profits. Bottom-line has witnessed a fall of 4% YoY, mainly on account of poor operating performance and higher depreciation and interest outgo. Profits for the full year come in lower by 20% YoY despite a 15% growth in top-line. Elgi Equipment's share is trading up by 2.5%.

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