Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

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

Markets close the week 2% higher
Fri, 13 Jan Closing

After a brief session of profit booking, the indices in Indian stock markets managed to end today's session firmly in the positive territory. While the indices could not hold onto their intra-day high, they still staged a strong finish towards the end of trade for the week. Markets closed the week a strong 2% higher. The year to date returns for the index also are positive, currently at 4%. The BSE-Sensex closed the day higher by 117 points (0.7%) while the NSE-Nifty traded 35 points higher. The BSE Mid cap and BSE Small cap indices however saw a relatively better performance and gained 1.1% and 1.4% respectively.

The metal index closed higher on account of a rise in steel prices led by gains from JSW Ispat and Tata Steel. The capital goods index also closed higher while consumer durables and oil and gas stocks failed to impress.

Most Asian indices closed in the mixed today with Europe trading higher currently. The rupee was trading at Rs 52.72 to the dollar at the time of writing.

Sintex Industries, recently announced its results for the third quarter of the financial year FY12 (3QFY12). The plastic products manufacturer reported a 27.3% fall in consolidated net profit in 3QFY12. Even its consolidated net sales dipped over 2% in the December quarter. However the rupee depreciation caused the company to post a forex gain of Rs 135 m as against loss of Rs 600 m previously. The overall growth moderation in the economy has led to a slowdown in the company's monolithic business and custom molding which has resulted in lower margins. On a set of disappointing numbers the company was trading 0.6% lower.

Glenmark Pharma announced that it received an interim order from a US based arbitration panel against Napo Pharmaceuticals Inc's termination of a collaboration pact for an HIV-associated diarrhea drug. Glenmark had earlier developed Crofelemer with two American firms Napo and Salix Pharma. Napo was the initial developer of the molecule and licensed it out to Glenmark and Salix. According to the initial agreement, Salix would sell the drug in regulated markets such as North America, Japan and Europe. The agreement which was signed in July 2005, conferred exclusive rights to Glenmark to develop, commercialize and distribute the drug, Crofelemer, in 140 countries. The latest move provides interim relief to Glenmark, as the pharma major recently started trials of the drug to treat cases of adult acute diarrhea, including cholera. On account of this positive development the stock was trading 2.8% higher.

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Markets close the week 2% higher". Click here!

  

Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark (Today's Market)

Feb 26, 2021 02:30 pm

The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Feb 26, 2021 (Close)

MARKET STATS