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Indian markets trade positively
Wed, 19 Aug 01:30 pm

Indian Indices are trading on a firm note in the post noon trading session. Sectoral indices are trading mixed with stocks from the pharma and software sectors leading the gains.

The BSE-Sensex is trading up 167 points (up 0.6%) and the NSE-Nifty is trading up 41 points (up 0.5%). The S&P BSE Midcap index and S&P BSE Smallcap index are trading marginally up. Commodity prices are trading on a mixed note. Gold prices, per 10 grams, are trading at Rs 26,034 levels. Silver price, per kilogram, is trading at Rs 34,921 levels. Crude oil is trading at Rs 2,823 per barrel. The rupee is trading at 65.24 to the US dollar.

Power stocks are trading mixed with losses led by Neyveli Lignite and Satluj Jal Vidyut. According to leading business daily, National Thermal Power Corporation (NTPC) has signed a Memorandum of Understanding (MoU) with National Council for Cement & Building Materials (NCCBM). The agreement is for condition assessment of civil structures in NTPC Power Projects & Stations spread across different parts of the country. NCCBM would provide recommendations for repair and remedial for restoration and rehabilitation of the aging structures. This will ensure the structural integrity, restoration of strength and health of RCC. Scrip of NTPC is trading down by 0.6%.

Losses in the mining sector are led by Hindustan Zinc and MOIL Ltd. As per a leading financial daily, Mahanadi Coalfields (MCL), a subsidiary of Coal India (CIL), has entered into a Memorandum of Understanding (MoU) with National Buildings Construction Corp (NBCC) to build a 100-bed medical college at Talcher in Odisha. The total spending on this is estimated at Rs 4.9 bn. Further, the existing 115-bedded Nehru Shatabadi Central Hospital of MCL in Talcher will be upgraded to 500 beds. On a separate note, MCL has inaugurated electronic surveillance system for monitoring operations at its plant in Odisha. Stock of Coal India is trading marginally down.

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