X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
Investing in India? Get Equitymaster Research  
Indian stock markets trade higher 
(Thu, 5 Jan 01:30 pm) 
 
Indian stock markets held on to their gains during the last two trading hours. Majority of the sectoral indices are trading in the positive with Auto, banking and capital goods stocks leading the pack of gainers.

The BSE-Sensex is trading up 75 points and NSE-Nifty is trading up 27 points. BSE Mid cap and BSE Small cap indices are up by 0.7% and 0.75% respectively. The rupee is trading at 52.64 to the US dollar.

Energy stocks are trading mixed. Gujarat Gas (GGAS) and Essar Oil were up by 5.8% and 5% respectively. As per a leading financial daily, Oil and Natural Gas Corporation Ltd. (ONGC) has received the board's approval to acquire BG's group stake in three of its eastern offshore oil and gas exploration blocks. Post acquisition, ONGC will have 100% ownership in the block and BG will be left with just one deepwater block in the KG basin. ONGC plans to buy BG Group's 45% participating interest in Krishna-Godavari Basin, 25% interest in exploration block in the Mahanadi Basin and 30% stake in deep water block KG-DWN-98/4. The transactions will not result in cash outflow for ONGC. Instead, BG Group will be liable to pay US$ 50 m towards settlement of past costs that ONGC had earlier incurred on its behalf in the three blocks.

Majority of the auto ancillary stocks are trading higher with NRB Bearings and Ucal Fuel the biggest gainers. As per a leading financial daily, auto component manufacturer Bosch will be investing Rs 30 bn in India over the next three years. The investments will be used in capacity expansion and technology development to maintain its 20% plus growth over the next five years. The stock of Bosch was up by 1.13%. Another German company, Volkswagen has announced plans to invest Rs 20 bn in its Indian operations by 2013. The car-maker will be investing in capacity ramp-up, launch of new models and strengthening of research activities.

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

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian stock markets trade higher". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Sep 26, 2017 02:34 PM

MARKET STATS