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
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Positive Start to the Day
Tue, 5 Jan 09:30 am

Major Asian stock markets have opened the day on a positive note. After yesterday's sharp selloff, stock markets in Indonesia and China are trading up by 1.3% and 0.5% respectively. Stock indices in Europe and US ended their previous session on a dismal note owing to fall in stock markets in China. The Chinese stock market index dropped 7% as China's manufacturing sector shrank for a fifth straight month in December. The rupee is trading at 66.46 per US$.

Indian stock markets too have opened the day in green. The BSE Sensex is trading higher by 65 points (up 0.3%) and NSE Nifty is trading higher by 40 points (up 0.5%). Both BSE Mid Cap and BSE Small Cap are trading higher by 0.2% and 0.5% respectively. Sectoral indices have opened the day on a positive note with stocks from oil & gas and capital goods sector witnessing maximum buying interest.

As per an article in leading financial daily, car makers have moved the Supreme Court to review its decision against the ban of diesel vehicles in the National Capital Region (NCR). The apex court has banned the sale of all diesel vehicles in the NCR region having an engine capacity of more than 2,000 cc till 31st March 2016.

Car makers such as Mahindra & Mahindra (M&M), Tata Motors, Toyota Kirloskar and Mercedes-Benz have filled individual petitions in the Supreme Court seeking to review the ban. M&M stated that the ban on diesel vehicles above 2,000cc will have a negligible impact on the air pollution levels which are prevailing in the city. To add to this, petition also states various other measures which will be helpful to combat the air pollution problems prevailing in the city. The decision will impact Mahindra & Mahindra the most as five of its six utility vehicles have engine capacity of more than 2,000cc.

The proportion of vehicles having engine capacity of more than 2,000cc is comparatively less as compared to the overall fleet of vehicles. Hence to that extent it is true that the government in Delhi should look for some other measures to actually cut the pollution levels in the city.

As per an article in leading financial daily, weak demand continues to add to the woes of the players in the cement space. Poor demand in cement has led to a decrease in the cement prices across the geographies in the country. Barring Telangana and Andhra Pradesh, the cement prices have declined in the most parts of India. Government's activism in the above states has led to an increase in the cement prices in this region. Reportedly, the development with respect to infrastructure projects has been taking at a healthy pace, resulting in better demand for cement.

The steepest decline in the cement prices are seen in the northern region partially contributed by the excess capacities built up in the state of Rajasthan. Reportedly, prices are down by about Rs 15-20 per bag (50 kilogram).

Pick up, in the infrastructure activities and housing demand will be the key things to watch out for, in order to see a revival in this sector.

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

Equitymaster requests your view! Post a comment on "Positive Start to the Day". Click here!

  

S&P BSE AUTO


May 29, 2017 11:19 AM

MARKET STATS