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?  

Indian share markets open in the green
Thu, 16 Jan 09:30 am

The major Asian stock markets have opened the day mainly in the green with stock markets in Japan (up 0.4%) and Taiwan (up 0.4%) leading the gains. The Indian share market indices have opened the day on a firm note as well. Barring FMCG (down 0.3%), the sectoral indices have opened mainly in the green with the stocks in the capital goods and metal space leading the gains.

The Sensex today is up by around 33 points (0.2%), while the NSE-Nifty is up by around 14 points (0.2%). Mid and small cap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.4% and 0.5% respectively. The rupee is currently trading at Rs 61.59 to the US dollar.

Engineering stocks have opened the day mainly in the green with KSB Pumps and Elgi Equipments Ltd leading the gains. As per a leading financial daily, India's biggest construction and engineering group Larsen & Toubro Ltd is in talks with potential investors for a stake sale in its container terminal in Tamil Nadu. The move is prompted by slow off-take of the port business. L&T holds 97% stake in Kattupalli International Container Terminal that has been developed jointly with state government entity TIDCO. While it became operational last year, the project is finding it tough to attract traffic due to slow off take in the port business and because of excess capacity in South India. The conglomerate is looking at an enterprise value of Rs 23 - Rs 25 bn. However, with around Rs 15 bn of debt, the equity valuation of the port would be Rs 8 bn to Rs 10 bn.

Auto stocks have opened the day on a mixed note with Force Motors Ltd and Hero Motocorp Ltd leading the gains. However, Mahindra & Mahindra and Tata Motors were leading the losses. As per a leading financial daily, Tata Motors Ltd's global vehicle sales, including Jaguar Land Rover, declined by 19.95 % year on year to 79,220 units in December 2013. The company had sold 98,968 units in the corresponding period of 2012. Global sales of all passenger vehicles stood at around 49,721 units in December 2013, up 5.6% YoY. Further, the sales of luxury brand Jaguar Land Rover increased by 24.7% YoY to 40,244 units in December 2013.

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 "Indian share markets open in the green". Click here!

  

Related Views on News

L&T Announces Quarterly Results (3QFY21); Net Profit Up 5.1% (Quarterly Result Update)

Jan 28, 2021 | Updated on Jan 28, 2021

For the quarter ended December 2020, L&T has posted a net profit of Rs 26 bn (up 5.1% YoY). Sales on the other hand came in at Rs 356 bn (down 1.8% YoY). Read on for a complete analysis of L&T's quarterly results.

L&T 2019-20 Annual Report Analysis (Annual Result Update)

Aug 6, 2020 | Updated on Aug 6, 2020

Here's an analysis of the annual report of L&T for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of L&T. Also includes updates on the valuation of L&T.

L&T Announces Quarterly Results (1QFY21); Net Profit Down 63.9% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, L&T has posted a net profit of Rs 6 bn (down 63.9% YoY). Sales on the other hand came in at Rs 213 bn (down 28.3% YoY). Read on for a complete analysis of L&T's quarterly results.

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

L&T 2018-19 Annual Report Analysis (Annual Result Update)

Jul 8, 2019 | Updated on Jul 8, 2019

Here's an analysis of the annual report of L&T for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of L&T. Also includes updates on the valuation of L&T.

More Views on 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 CAPITAL GOODS


Feb 26, 2021 (Close)

S&P BSE CAPITAL GOODS 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS