Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

Indian stock markets open firm
Fri, 17 Feb 09:30 am

Most Asian stock markets have opened the day on a firm note with stock markets in Japan (up 1.8%) and South Korea (up 1.5%) leading the gains. However, the markets in China (down 0.2%) are facing selling pressure. The Indian stock markets have opened the day on a firm note. Stocks in the realty and capital goods space are leading the gains.

The BSE-Sensex is trading higher by 174 points (1%), while the NSE-Nifty is up by around 53 points (1%). Mid cap and small cap stocks are also trading firm with the BSE Mid cap and BSE Small cap indices up by 1.1% and 1.2% respectively. The rupee is trading at Rs 49.26 to the US dollar.

Energy stocks have opened the day on a high note with Petronet LNG, Gujarat State Petronet and Indian Oil Corporation (IOC) leading the gains. However, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) are facing selling pressure. In a move to reduce bureaucratic delays, the government has empowered the exploration companies to choose their own customers. Oil and Natural Gas Corporation Ltd. (ONGC) and Oil India Ltd. (OIL) will now be able to choose their own customers for gas produced in small fields. Small fields would include all those where output is less than 0.1 m standard cubic meters per day. This move by the government will help these companies generate more revenues expeditiously. As per the management of ONGC this move will help the company to monetise its assets quickly by finding local customers. Earlier the oil ministry used to specify the customers for the exploration companies.

Power stocks have opened the day on a firm note with Adani Power and National Thermal Power Corporation (NTPC) trading in the green. As per a leading financial daily, India's largest power generation firm NTPC is set to award its Rs 160 bn bulk tender based on supercritical technology. This tender has been stuck for the past two years. NTPC had disqualified the consortium of Ansaldo Caldie and Gammon from Stage-1 bidding on the grounds that certain parts in the equipment were outsourced. The consortium had then taken NTPC to court. In March 2011, the Delhi High Court had upheld the plea against disqualification by NTPC for the bulk tender. However, the latest Supreme Court verdict has barred Ansaldo Caldie from bidding. NTPC will now be able to award all the nine units of 660 MW each.

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 "Indian stock markets open firm". Click here!


Stock Market Updates

INDIABULLS REAL EST Share Price Up by 5%; BSE REALTY Index Up 0.1% (Today's Market)

Mar 5, 2021 09:34 AM

INDIABULLS REAL EST share price is trading up by 5% and its current market price is Rs 122. The BSE REALTY is up by 0.1%. The top gainers in the BSE REALTY Index is INDIABULLS REAL EST (up 5.5%). The top losers are PHOENIX MILL (down 0.4%) and MAHINDRA LIFESPACE (down 0.7%).

MRPL Share Price Up by 6%; BSE OIL & GAS Index Up 1.5% (Today's Market)

Mar 5, 2021 09:28 AM

MRPL share price is trading up by 6% and its current market price is Rs 45. The BSE OIL & GAS is up by 1.5%. The top gainers in the BSE OIL & GAS Index is MRPL (up 5.7%). The top losers are CASTROL INDIA (down 0.3%) and PETRONET LNG (down 0.8%).

SGX Nifty Plunges 158 Points; Indicates Gap-Down Opening for Indian Stock Markets (Today's Market)

Mar 5, 2021 SGX Nifty

Trends on SGX Nifty indicate a negative opening for Indian stock markets.

Indian Oil Corporation Asset Monetisation Plan, MTAR and Easy Trip Planners IPO, and Buzzing Stocks Today (Today's Market)

Mar 5, 2021 Pre-Open

Top cues to track in today's stock market session.

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.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

How Much Money For Day Trading?(Fast Profits Daily)

Feb 22, 2021

In this video, I'll show you how to allocate your capital as a day trader.


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


Mar 5, 2021 10:12 AM