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
Investing in India? Get Equitymaster Research  
Indian stock markets trade firm 
(Thu, 2 Feb 11:30 am) 
 
Indian stock market indices are trading strong over the last two hours of trade on back of heavy buying activity witnessed across industry heavyweights. capital goods and IT stocks witnessed maximum buying interest while Realty and Banking stocks witnessed maximum selling pressure.

The BSE-Sensex is up by 77 points, while the NSE-Nifty is up by 9 points. BSE Mid cap index is down by 0.16% while the BSE Small cap index is up by 0.16 respectively. The rupee is trading at 49.17 to the US dollar.

Mining stocks are trading high led by Manganse Ore India Limited (MOIL Limited) and Gujarat NRE Coke. According to a leading financial daily, the committee of secretaries set up by the prime minister has recommended that Coal India must step up coal supply to power companies or face penalty. Penalty will be provided if it fails to provide 80% of coal allocated to a power plant. The committee also suggested giving incentives to Coal India to provide 90% of coal it had agreed to supply to power producers. Coal India had earlier said that several of their mining projects were held up due to delays in environmental clearance for new mines.

Aluminium stocks are trading strong today led by National Aluminium Company Ltd. (NALCO) and Hindustan Aluminium Company (Hindalco). As per a leading daily, National Aluminium Company has raised aluminium prices by Rs 2000 per tonne. The state run company has taken this price increase across all product categories. This follows the increase in prices of almunium globally in the recent past. The basic price of aluminium ingots is currently Rs 140,700 per tonne. It may be noted here that Nalco had last raised aluminum prices by Rs 1500 per tonne on January 13, 2012.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian stock markets trade firm". Click here!

  
 

S&P BSE SENSEX


Jul 21, 2017 12:15 PM

MARKET STATS