Firm End to the Week

Fri, 27 Nov Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

Indian equity markets gathered steam in the post noon trading session as buying activity intensified in stocks from the banking, capital goods and IT spaces. The BSE-Sensex today closed higher by around 170 points while the NSE-Nifty saw an increase of around 59 points. BSE Mid Cap and BSE Small Cap indices also closed well in green gaining 0.5% and 0.3% respectively.

Asian markets finished broadly lower today with shares in China leading the region. The Shanghai Composite is down 5.48% while Hong Kong's Hang Seng is off 1.87% and Japan's Nikkei 225 is lower by 0.30%. European markets are mixed. The DAX is higher by 0.03%, while the CAC 40 and FTSE 100 are down by 0.30% and 0.30% respectively. The rupee was trading at 66.55 against the US$ in the afternoon session.

According to a leading economic daily, National Aluminum Company (NALCO) Ltd has received US$8.05 million or around Rs 540 million in an out-of-court settlement with a US firm. This ends a long-drawn litigation with Peak Chemical Corporation Inc. of the US in a case related to 1994 supply contract for a specific variety of caustic soda used in the alumina refinery.

Furthermore, the company recently lined up a plan to invest US$2.8 billion to build a smelter and a captive power unit in either Iran or Oman, depending on where it will get the fuel cheaper. Nalco reportedly reckons that the proposed smelter abroad could make it competitive against even Chinese aluminum producers known for their lower costs, enabled by captive power units. Nalco is a Navratna CPSE under Ministry of Mines, Government of India where the government holds a stake of 80.93%.

Nalco's move comes at a time when the global aluminum stocks and margins are under severe pressure due to concerns over the Chinese aluminum exports and global meltdown in commodity prices. Moreover, domestic aluminum companies are also struggling with higher fuel costs. The aluminum companies were forced to source coal from the open markets in the wake of cancellation of the captive coal blocks allotted to them by the Supreme Court last year. And price hikes taken to pass on the cost has further dented their competitiveness in the global markets. This has all been reflected in the weakening financial performance during the first half of FY16>. (Subscription required)

NALCO closed the trading day up by 1.5% on the BSE.

Oil and Gas sector closed on a mixed note with Castrol India and Gujarat State Petronet leading the gains. However, Indraprastha Gas and BPCL witnessed majority of the selling activity. According to a leading financial daily, GAIL India in collaboration with National Remote Sensing Centre (NRSC), a unit of Indian Space Research Organization (ISRO), has launched an innovative surveillance geo-portal called 'Bhuvan-GAIL portal' utilizing space technology for its pipeline application. Despite all challenges, GAIL has proved that the space technology can be efficiently used for monitoring the pipeline Right of Use.

GAIL will reportedly start live satellite monitoring of the pipeline Right of Use by January 2016 and is also looking for alternative methods like advance Unmanned Ariel Vehicle (UAV) which can also be integrated with this system. The company has over 13000 Km of Pipeline network wherein monthly monitoring of pipeline ROU at present is being carried out through Helicopter surveys.

The government has proposed a revenue sharing model for oil and gas exploration. Until now, the companies have been winning bids based on the contractor's commitment to carry out a minimum work program, as specified in various exploration phases. The new model has no concept of cost recovery first. The companies will need to indicate the amount of revenues they would be sharing with the government at each stage of production and in different price scenarios. In our recent edition of '5 Minute Wrap up', we outline how the new changes would be a boon for oil and gas companies.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers