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?  

Indian share markets open weak
Mon, 20 Jan 09:30 am

Asian stock markets have opened the day on a mixed note with Indonesia (up 0.4%) and Taiwan (up 0.2%) leading the gains. However, markets in Japan (down 0.8%) and Hong Kong (down 0.5%) are trading weak. The Indian share markets have opened the day on a negative note. Stocks in the realty and capital goods space are leading the losses. However, healthcare stocks are trading firm.

The Sensex today is down by around 19 points (0.1%), while the NSE-Nifty is down by around 12 points (0.2%). However, mid and small cap stocks are trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.2% each. The rupee is currently trading at Rs 62.09 to the US dollar.

Indian Pharma stocks have mainly opened the day on a firm note with Biocon Ltd, Aurobindo Pharma and IPCA Labs leading the gains. As per a leading financial daily, Indian pharma firm Aurobindo Pharma has signed a binding offer agreement to acquire commercial operations of Irish multinational drugmaker Activis Plc in seven Western European countries. Aurobindo is expecting to acquire personnel, commercial infrastructure, products, marketing authorisations and dossier licence rights in these countries. The closing of the transaction will depend on certain anti-trust approvals and completion of employee consultation processes. The company has not disclosed the financial details of the deal. As per management estimates, the net sales for the acquired businesses would be around 320 million euros in 2013 with a growth rate of over 10% year-on-year.

Oil and gas stocks have mainly opened the day on a weak note with Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) leading the losses. As per a leading financial daily, state-run oil companies IOC, BPCL and HPCL have set a benchmark price for procuring ethanol for blending with petrol. In a joint statement to the petroleum ministry, the three companies have said that they will procure ethanol only from bidders that match the benchmark price of Rs 44 per litre. This has resulted in protests from supplier sugar mills as cane prices are increasing while global sugar prices are falling. It must be noted that the government's ethanol blending programme which commenced in 2006, has witnessed delays on account of pricing issues between the oil companies and sugar mills.

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 "Indian share markets open weak". 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 OIL & GAS


Oct 17, 2017 03:35 PM

S&P BSE OIL & GAS 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS