Barometers extended losses and hit fresh intraday low in early afternoon trade. The Nifty held the 14,600 mark. Metal stocks corrected for third day.
At 12:24 IST, the barometer index, the S&P BSE Sensex, was down 73.44 points or 0.15% at 48,617.98. The Nifty 50 index declined 54 points or 0.37% to 14,642.60.
In broader market, the S&P BSE Mid-Cap index was down 1.12% while the S&P BSE Small-Cap index fell 1.17%.
The market breadth was negative. On the BSE, 1176 shares rose and 1724 shares fell. A total of 162 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, rose 2.46% to 20.575. The Nifty 27 May 2021 futures were trading at 14,646.50, at a premium of 40.5 points as compared with the spot at 14,606.
India added 12.1 gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report. India s total power generation also increased by 1.3 per cent in FY21 despite pandemic restrictions, driven by a post-lockdown surge in electricity demand. The share of RE in the energy mix was 10.1 per cent, up from 9.4 per cent in FY20, the CEEW Centre for Energy Finance (CEEW-CEF) Market Handbook said. The CEEW-CEF Market Handbook provides independent market intelligence to investors, executives and policymakers every quarter on the energy sector. Renewable energy (RE) dominated power generation capacity addition in FY21, accounting for 7.7 GW (64 per cent) of the 12.1 GW added, the report said.
Read more about Barometers trade flat; metal stocks shine on Business Standard. At 11:29 IST, the barometer index, the S&P BSE Sensex, rose 0.94 points to 48,678.49. The Nifty 50 index was up 11.2 or 0.08% at 14,629.05.
Coal India announced the provisional production and offtake performance of the company and its subsidiaries for the month of April 2021.
Coal production stood at 41.9 MT in April 2021 compared to 40.4 MT in April 2020, recording a growth of 3.7%.
Coal offtake stood at 54.1 MT in April 2021 compared to 39.1 MT in April 2020, recording a growth of 38.4%.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and
Metal stocks were trading in green, with the S&P BSE Metal index increasing 90.22 points or 0.51% at 17911.8 at 09:48 IST. Among the components of the S&P BSE Metal index, Steel Authority of India Ltd (up 3.98%), National Aluminium Company Ltd (up 2.4%), Vedanta Ltd (up 1.13%), JSW Steel Ltd (up 0.81%), Tata Steel Ltd (up 0.66%), and Jindal Steel & Power Ltd (up 0.54%), were the top gainers. On the other hand, Coal India Ltd (down 0.34%), NMDC Ltd (down 0.29%), and Hindalco Industries Ltd (down 0.18%) turned lower.
At 09:48 IST, the S&P BSE Sensex was down 362.4 or 0.74% at 48419.96.
The Nifty 50 index was down 85.65 points or 0.59% at 14545.45.
The S&P BSE Small-Cap index was up 128.88 points or 0.59% at 21798.99.