Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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


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

Indian stock markets open firm
Tue, 20 Jan 09:30 am

The major Asian stock markets have opened the day on a firm note with stock markets in Japan (up 1.6%) and China (up 1.8%) leading the gains. The Indian markets have also opened in green with metal and healthcare sectors leading the gains.

The BSE-Sensex is currently trading higher by about 115 points (up 0.41%), while the NSE-Nifty is up by about 36 points (up 0.43%). The stocks in the midcap and small cap space too have opened the day on a positive note, with BSE Mid Cap index and BSE Small Cap index up by 0.65 % and 0.55% respectively. The rupee was trading at Rs 61.69 to the dollar.

Banking (PSU) stocks have opened mainly in the green with Syndicate Bank and Punjab &Sind Bank leading the gains. As per a leading financial daily, with an aim to offer operational freedom to banks, the Reserve bank of India (RBI) is thinking of making the base rate norms more flexible. While computing base rate, banks will have the freedom to calculate cost of funds either on the basis of average cost of funds or on marginal cost of funds or any other methodology in vogue. However the methodology should be transparent and consistent. Further, the same should be made available for supervisory review as per the schedule. Currently, commercial banks do not maintain a fixed schedule for review of the base rate.

Telecom stocks have opened the day on a firm note led by Tata Teleservices, and Idea cellular. As per the financial daily, the Telecom Commission (TC) has rejected the recommendations of the Telecom Regulatory Authority of India (TRAI), on the base price of 2,100-MHz spectrum to be auctioned on February 25. The TC has approved the base price at Rs 3,705 crore for each MHz of 2,100-MHz spectrum. This price is 36 % higher than the price suggested by TRAI. Reportedly, the Union Cabinet is expected to meet this week and take a final call.

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 stock markets open firm". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Jan 23, 2018 01:53 PM