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Sensex Trades Rangebound; Yes Bank & SBI Drag
Thu, 17 Jan 12:30 pm | Rini Mehta, TM Team

Stock markets in India are presently trading on a flat note. The BSE Sensex is trading higher by 24 points and the NSE Nifty is trading higher by 6 points. Meanwhile, the BSE Mid Cap index and the BSE Small Cap index both are trading down by 0.1%.

Among the sectoral indices, consumer durables stocks and oil & gas stocks are witnessing buying interest. While, metal stocks and FMCG stocks are trading in red.

The rupee is trading at 71.34 to the US$.

The rupee appreciated by 9 paise to 71.15 against the US dollar in opening trade today, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee gained further ground and touched a high of 71.13 amid easing crude prices, displaying gains of 11 paise over its previous close against the greenback.

Further, the rupee on Wednesday plunged by 19 paise to close at 71.24 against the US dollar. Reportedly, easing crude oil prices and selling of the American currency by exporters supported the rupee.

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Foreign funds pulled out Rs 901 million from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 3,042.7 million on Wednesday, the reports noted.

Now speaking of foreign direct investments in India, the FDI into India exceeded that into China in 2018.

2018: The Year When India Beat China in FDI

That is a testament of the fact that India's foreign investment policies and business environment are finally competing with that of its Oriental neighbour.

India aims to receive US$ 100 billion in foreign direct investment (FDI) in the next two to three years.

Special industrial clusters are being created for countries like Japan, South Korea, China, and Russia where their companies can invest and operate.

Moving on to the news from pharma sector. As per an article in a leading financial daily, Zydus Cadila has received the final approval from the US Food and Drug Administration (USFDA) to market Acetazolamide ER Capsules.

Reportedly, it will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad.

Acetazolamide is a potent carbonic anhydrase inhibitor. Acetazolamide ER capsules are used to treat certain types of glaucoma and to treat or prevent altitude sickness.

The group now has 246 approvals and has so far filed over 330 ANDAs since the commencement of the filing process in FY 2003-04.

To know more about the company, you can access to Cadila Healthcare's latest result analysis and Cadila Healthcare's stock analysis on our website.

At the time of writing, Cadila Healthcare share price was trading up by 1.4%.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

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

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Stock Market Updates

Sensex Ends 228 Points Higher; Metal and Energy Stocks Witness Buying (Today's Market)

Aug 23, 2019 Closing

While the BSE Sensex closed higher by 228 points, NSE Nifty closed higher by 88 points.

INFO EDGE Plunges by 5%; BSE IT Index Up 1.1% (Today's Market)

Aug 23, 2019 03:26 PM

INFO EDGE share price has plunged by 5% and its current market price is Rs 2,019. The BSE IT is up by 1.1%. The top gainers in the BSE IT Index are TATA ELXSI (up 7.2%) and ORACLE FINANCIAL (up 4.2%). The top losers are INFO EDGE (down 5.4%) and PERSISTENT SYSTEMS (down 5.3%).

ESCORTS LIMITED Surges by 5%; BSE AUTO Index Up 1.5% (Today's Market)

Aug 23, 2019 03:20 PM

ESCORTS LIMITED share price has surged by 5% and its current market price is Rs 454. The BSE AUTO is up by 1.5%. The top gainers in the BSE AUTO Index is ESCORTS LIMITED (up 5.2%). The top losers is EICHER MOTOR (down 1.1%).

CASTROL INDIA Surges by 5%; BSE OIL & GAS Index Up 3.4% (Today's Market)

Aug 23, 2019 03:16 PM

CASTROL INDIA share price has surged by 5% and its current market price is Rs 120. The BSE OIL & GAS is up by 3.4%. The top gainers in the BSE OIL & GAS Index are CASTROL INDIA (up 5.1%) and BPCL (up 5.2%). The top losers [TOPLOSERS].

GE POWER INDIA LTD Surges by 11%; BSE CAPITAL GOODS Index Down 0.3% (Today's Market)

Aug 23, 2019 03:14 PM

GE POWER INDIA LTD share price has surged by 11% and its current market price is Rs 822. The BSE CAPITAL GOODS is down by 0.3%. The top gainers in the BSE CAPITAL GOODS Index is GE POWER INDIA LTD (up 10.7%). The top losers are ELGI EQUIPMENTS (down 0.1%) and THERMAX (down 0.2%).

VODAFONE IDEA Surges by 10%; BSE 500 Index Up 0.9% (Today's Market)

Aug 23, 2019 02:26 PM

VODAFONE IDEA share price has surged by 10% and its current market price is Rs 6. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are VODAFONE IDEA (up 10.1%) and STERLITE TECH. (up 13.3%). The top losers are PAGE INDUSTRIES and GSK CONSUMER (down 0.1%).

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