X

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

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 stock markets open firm
Thu, 2 Feb 09:30 am

All major Asian stock markets have opened the day on a firm note with stock markets in Hong Kong (up 1.4%) and South Korea (up 1.2%) leading the gains. The Indian stock markets have also opened the day on a firm note. Stocks in the power and metal space are leading the gains.

The BSE-Sensex is trading higher by 176 points (1%), while the NSE-Nifty is up by around 47 points (0.9%). Mid cap and small cap stocks are also trading in the green with the BSE Mid cap and BSE Small cap indices up by 1% each. The rupee is trading at 49.04 to the US dollar.

PSU bank stocks have opened the day on a strong note with Dena Bank and UCO Bank leading the pack of gainers. Oriental Bank of Commerce (OBC) has announced its third quarter results for the financial year 2011-2012 (3QFY12). During the quarter, the public sector lender has reported 38% year-on-year (YoY) rise in interest income on the back of 22% YoY growth in advances. However, OBC's net profits register a decline of about 13% YoY during 3QFY12 on account of increased provisions on non-performing assets (NPAs) and higher interest costs. During the nine month period ended December 2011, while the bank's interest income grew by 31% YoY, its net profits reported a decline of 25% YoY. During the same period, its net interest margins witnessed a decline from 3.3% in 9MFY11 to 2.8% in 9MFY12.

have opened the day on a firm note with Hero Motocorp, Mahindra & Mahindra (M&M) and Maruti Suzuki leading the gains. However, Ashok Leyland is facing selling pressure. Maruti Suzuki has launched the new version of Swift Dzire available from the lower end version of Lxi to higher end version of Zdi. The new Dzire starts at Rs 479,000 for petrol Lxi and goes as high as Rs 709,000 for diesel Zdi. The length of the car is shorter than the previous model in order to take the lower excise tax advantage. The advantage is also that it is a little lighter, wider and taller than before. The managing director said that this is the second new model in their portfolio within last 6 months. The vendors along with the company have invested over Rs 2.3 bn for creating the new model of Dzire.

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!

  

Stock Market Updates

JET AIRWAYS Plunges by 5%; BSE 500 Index Down 0.7% (Today's Market)

Sep 19, 2018 02:45 PM

JET AIRWAYS share price has plunged by 5% and its current market price is Rs 253. The BSE 500 is down by 0.7%. The top gainers in the BSE 500 Index are UNION BANK (up 4.5%) and MONSANTO INDIA (up 3.7%). The top losers are JET AIRWAYS (down 5.3%) and PFIZER (down 6.8%).

UCO BANK Plunges by 7%; BSE BANKEX Index Down 0.4% (Today's Market)

Sep 19, 2018 02:39 PM

UCO BANK share price has plunged by 7% and its current market price is Rs 21. The BSE BANKEX is down by 0.4%. The top gainers in the BSE BANKEX Index are BANK OF BARODA (up 2.6%) and KOTAK MAH. BANK (up 0.7%). The top losers is UCO BANK (down 6.8%).

EDELWEISS FINANCIAL Plunges by 5%; BSE 500 Index Down 0.7% (Today's Market)

Sep 19, 2018 02:39 PM

EDELWEISS FINANCIAL share price has plunged by 5% and its current market price is Rs 261. The BSE 500 is down by 0.7%. The top gainers in the BSE 500 Index are UNION BANK (up 4.5%) and G.E.SHIPPING (up 4.1%). The top losers are EDELWEISS FINANCIAL (down 5.0%) and PFIZER (down 7.4%).

RELIANCE POWER Plunges by 6%; BSE POWER Index Down 0.3% (Today's Market)

Sep 19, 2018 02:37 PM

RELIANCE POWER share price has plunged by 6% and its current market price is Rs 34. The BSE POWER is down by 0.3%. The top gainers in the BSE POWER Index are BHEL (up 1.0%) and POWER GRID (up 0.3%). The top losers are RELIANCE POWER (down 6.0%) and RELIANCE INFRA (down 9.4%).

GODREJ CONSUMER Plunges by 5%; BSE FMCG Index Down 1.0% (Today's Market)

Sep 19, 2018 02:31 PM

GODREJ CONSUMER share price has plunged by 5% and its current market price is Rs 864. The BSE FMCG is down by 1.0%. The top gainers in the BSE FMCG Index are P&G HYGIENE (up 1.5%) and EMAMI LTD (up 0.9%). The top losers is GODREJ CONSUMER (down 5.0%).

Sensex Opens Flat; Healthcare & Metal Stocks Gain (Today's Market)

Sep 19, 2018 09:30 am

Indian share markets open flat with Sensex trading up by 54 points, while the Nifty is trading up by 27 points.

View More Indian Share Market News

Most Popular

In a Crisis, if Petrol Prices Hit Rs 100, This Stock Could Be a Good Buy(The 5 Minute Wrapup)

Sep 6, 2018

The rise in the crude oil price is a major reason for the fall in the market. If crude oil prices keep on rising, what will happen to stocks?

Want Bigger Returns Than You Thought Possible? This is Where You Should Look(Profit Hunter)

Sep 12, 2018

Richa has discovered the single most profitable opportunity in the market - read on to discover more...

The Secret Of Mirae Asset India Equity Fund's Increasing Popularity(Outside View)

Sep 7, 2018

The prudent investment strategies followed at the fund house has helped Mirae Asset India Equity Fund earn a tag of being a consistent performer, which is in turn gaining popularity among investors.

Hurricanes Threaten Oil Spike, but the Saudis are Selling...(Vivek Kaul's Diary)

Sep 6, 2018

Oil prices are rising and could go even more higher amid rising tensions in Middle East.

Should You Be Worried About the Rising Dollar?(Chart Of The Day)

Sep 7, 2018

While the rupee has deprecated by about 5% annually since 1990 against the dollar, the BSE Sensex has returned 14% annually in the same period.

More

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

S&P BSE SENSEX


Sep 19, 2018 02:55 PM

MARKET STATS