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 markets open in green 
(Wed, 18 Feb 09:30 am) 
 
The major Asian stock markets have opened the day on a strong note with Japan (up 0.95%) and Indonesia (up 0.97%) leading the pack of gainers. The Indian markets have opened on a positive note too. FMCG and capital goods stocks are trading in the green while oil and gas and metal stocks have opened the day in the red.

BSE-Sensex is currently trading up by about 89 points (up 0.31%), while the NSE-Nifty is higher by about 24 points (up 0.27%). Both BSE Mid Cap and BSE Small Cap indices have also opened the day in green, up by 0.42% and 0.65% respectively. The rupee was trading at Rs 62.22 to the dollar at the time of writing.

Power stocks have opened the day on a strong note. Jaiprakash Power and Neyveli Lignite are trading strong while KSK Energy has opened in the red. NTPC, India's largest power producer, is likely to invest close to US$10 bn over the next 5 years towards green energy projects. It has committed to set up 10,000 MW of renewable power projects giving a major fillip to government's plan of promoting clean energy. Currently, NTPC's renewable power portfolio generates 110 MW of power and thus the plans of scaling 10,000 MW over 5 years appear quite ambitious. Considering that 1 MW of solar power requires about Rs 60 m the company will have to entail huge capex if its renewable power plans are executed over the next 5 years.

PSU Banking stocks have opened the day on a mixed note. Punjab National Bank and UCO Bank are trading strong while Central Bank and Syndicate Bank are leading the pack of losers. As per news report, SBI is about to complete the due diligence process on its decision to grant a loan of Rs 62 bn to Adani's soon. The loan issue came under scanner as Adani's are believed to be close to PM Modi and the MoU between SBI and Adani's was signed when the PM was in Australia. The money borrowed via loan will be used to fund the capex of coal mine project in Australia. It would be interesting to see if the executive committee of SBI sanctions the loan or not.

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 markets open in green". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE POWER


Sep 22, 2017 (Close)

S&P BSE POWER 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS