Sensex Finishes Up 155 Points; TVS Motor Rallies 3.7%

Thu, 29 Dec Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

After witnessing subdued activity through the trading day, the Indian share markets finished the day marginally higher on selective buying amid expiry of December futures and options (F&O) contracts even as Asian cues remained mixed. At the closing bell, the BSE Sensex closed higher by 155 points, whereas the NSE Nifty finished higher by 70 points. The S&P BSE Midcap ended up by 1.3% while the S&P BSE Small Cap finished up by 1.1%. Barring capital goods stocks, all sectoral indices ended the day on a positive note. Metal, consumer durables, oil & gas stocks witnessed the maximum buying interest.

Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.17%, while the Nikkei 225 led the Shanghai Composite lower. They fell 1.32% and 0.20% respectively. European markets are lower today with shares in Germany off the most. The DAX is down 0.25% while France's CAC 40 is off 0.19% and London's FTSE 100 is lower by 0.06%.

The rupee was trading at Rs 68.12 against the US$ in the afternoon session. Oil prices were trading at US$ 53.78 at the time of writing.

According to an article in Livemint, TVS Motor Co has been granted an Indian patent for automatic hybrid transmission (AHT) system for two-wheelers. The invention is related to a system involving a combination of a fixed speed transmission mechanism (FSTM) and a continuously variable transmission mechanism (CVTM).

Giving a major fillip to its innovation-packed product line-up, the invention has been provided exclusively by Chennai patent office. Transmission systems are required to transmit power from one rotating member to another rotating member of a vehicle through various transmission mechanisms. These two types of transmission mechanisms have certain operating conditions under which the mechanisms work most efficiently to provide optimum output.

Due to design constraints, the transmission system of current two-wheelers provides only with the CVTM which cannot be transformed into a hybrid transmission system. A hybrid system would ensure high transmission efficiency at all operating speeds.

With large auto makers already investing in these emerging technologies, it is clear that TVS Motors needs to make the move quickly to avoid losing out the race particularly when also technologically assisted driving can soon become a reality.

TVS Motors' share price finished up by 3.7%.

Moving on to the news from stocks in engineering sector. As per an article in a leading financial daily, Bharat Heavy Electricals Limited (BHEL) has successfully commissioned another 600 MW coal-based thermal power plant in Telangana. The unit has been commissioned at the 2x600 MW Singareni Thermal Power Project (TPP) located in Adilabad district in Telangana. The project has been developed by Singareni Collieries Company (SCCL), which is India's second largest coal mining company.

One must note that, this is the second 600 MW unit commissioned by BHEL at Singareni TPP. The first unit of the project was earlier commissioned in March, 2016. So far, the company has contracted 21 sets of 600 MW each, of which 17 have already been commissioned.

With over 85% of the coal­ based power stations, amounting to 5,740 MW, have been commissioned by BHEL in Telangana. Reposing confidence in BHEL's capability of setting up power plants, the Telangana state utility has placed orders on BHEL for executing around 6,000 MW of thermal power projects in the state, on Engineering Procurement Construction (EPC) basis, the reports noted.

Meanwhile, the Central Electricity Authority's report for September 2 showed that 191 thermal power units were shut down on that day, which led to a loss of 51,006 MW of power.

Why Are Thermal Power Plants Not Running?

< img src="https://www.equitymaster.com/tm/images/12292016-Power-equitymaster.png" />

Coal shortages accounted for less than one-fifth of the closed capacity. More than twice that capacity was lost because of technical snags. Other reasons like maintenance, reserve shut down, uneconomical operations were responsible for the rest of the power generation losses. Apart from poor management, the other reason why coal has come under pressure this year is the addition in thermal power generating capacity.

However, to ensure steady power generation, the sector needs to fix technical snags more than simply kicking up a dust over coal, the reports noted.

Also, Vivek Kaul has explained the anomaly in the power sector in an in interesting piece in his Diary -  HYPERLINK "https://www.equitymaster.com/diary/detail.asp?date=07/27/2016&story=2&title=Explained-In-Power-Surplus-India-Why-Power-Cuts-are-Still-the-Norm&utm_source=5MIN&utm_medium=website&utm_campaign=e-letter&utm_content=5wraphttps://www.equitymaster.com/diary/detail.asp?date=07/27/2016&story=2&title=Explained-In-Power-Surplus-India-Why-Power-Cuts-are-Still-the-Norm&utm_source=5MIN&utm_medium=website&utm_campaign=e-letter&utm_content=5wrap" \t "_blank" In Power-Surplus India, Why Power-Cuts are Still the Norm.

BHEL's share price ended the day down by 0.3%.

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