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Indian markets remain buoyant
Mon, 10 Aug 01:30 pm

Continuing their momentum, Indian indices are trading positively in the post noon trading session. Sectoral indices are trading on a mixed note with stocks from the energy and auto sectors leading the losses.

The BSE-Sensex is trading up by 120 (0.4%) and the NSE-Nifty is trading up by 35 points (0.4%). The BSE Mid Cap index and BSE Small Cap indices are trading up by 0.7% and 0.5% respectively. Gold prices, per 10 grams, are trading at Rs 24,911 levels. Silver price, per kilogram, is trading at Rs 34,140 levels. Crude oil is trading at Rs 2,795 per barrel. The rupee is trading at 63.75 to the US dollar.

Mining stocks are trading on a mixed note with Guj. NRE Coke and Hindustan Zinc leading the losses. As per a leading financial daily, Coal India, the world's largest coal miner by output, is planning to invest Rs 106 bn this financial year in order to raise its production capacity and ramp up its infrastructure. Further, the company has also provisioned Rs 5 bn for its Mozambique project. In FY15, the company has spent Rs 51.7 bn on projects as against a targeted investment of Rs 52.2 bn. For FY16, the company has earmarked Rs 59.9 bn which will help it to achieve a production target of 1 bn tonnes by 2020. Scrip of Coal India is currently trading down by 0.8% on the BSE.

According to financial times, Balkrishna Industries has reported its results for the first quarter ended June 2015. The company has reported 31.5% rise in its net profit on a YoY basis during the quarter. However, the company's total income witnessed a YoY fall of 8.6%. The company focuses on the production of a range of off-highway tyres which includes agricultural, industry, material handling, forestry, lawn and garden, construction and earth moving tires. Presently the stock of company is trading marginally up.

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