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?  

Metals lead indices into the green
Thu, 17 Feb 11:30 am

Indian indices, after opening the day in the red, have moved into the positive territory on the back of buying interest in heavy weights over the previous two hours of trade. Stocks from the metal and consumer durables space are trading firm, while stocks from the oil & gas and FMCG space are trading weak.

The BSE-Sensex is up by 34 points while NSE-Nifty is trading 19 points above the dotted line. BSE Midcap index is up by 0.8% while BSE Small cap index is trading 0.9% above yesterday's closing. The rupee is trading at 45.40 to the US dollar.

Steel stocks are trading firm led by SAIL and Adhunik Metaliks. However, Bhushan Steel and ISPAT Industries are trading weak. With an aim to diversify its global presence, SAIL is planning to set up a 3 mtpa plant in Mongolia at an investment of around Rs 150 bn. As Mongolia has abundant coking coal and iron ore deposits, the proposed plant will be assured of raw material linkages, a primary determinant for setting up a steel plant. SAIL has already sent a delegation to Mongolia for a primary check and an agreement to this effect is likely to culminate within the next six months. Apart from Mongolia, SAIL is also in advanced stages of discussion with the Indonesian government to set up a similar facility. It may be noted that SAIL has already embarked on a Rs 700 bn capacity expansion plan to enhance its capacity to 23.4 mtpa from 14.3 mtpa.

IT stocks are trading firm led by Tech Mahindra and Mahindra Satyam. As per a leading financial daily, Infosys Technologies is seeing an increase in budgets across several verticals in Europe as its clients are experiencing an increase in their own demand. Unlike last year when there were budget cuts, the company is seeing an increase of 2-3% in many verticals like financial services, manufacturing and telecom. This has led to increase in local hiring by the company this year. In fact, Infosys plans to hire about 500 people in the next 2-3 years across its sales, consulting and technical teams to add to its 4,000 employees in Europe. Infosys is trying to boost its European business as it seeks to reduce its reliance on the US from where it derives a majority of its revenues. Key European markets for the company include Germany, France, the Nordic countries and the UK.

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Metals lead indices into the green". Click here!

  

Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark (Today's Market)

Feb 26, 2021 02:30 pm

The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Feb 26, 2021 (Close)

MARKET STATS