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
  • MyStocks


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

Indian markets trade flat
Mon, 23 Feb 11:30 am

After opening the day on a positive note, Indian markets have given up the early gains and are trading around the dotted line. Sectoral Indices are trading mixed. Realty and Consumer Durables stocks are the leading losers while IT and Capital goods stocks are witnessing the largest buying activity.

The BSE-Sensex is up 58 points and NSE-Nifty is up by 8 points. BSE Mid Cap index is trading up by 0.3% and the BSE Small Cap index is trading up by 0.5%. The rupee is trading at 62.19 to the US dollar.

Power stocks are trading mixed today. PTC India Ltd and Jaiprakash Power are the leading gainers while Reliance Power and NHPC are trading the weakest. According to a leading financial daily, four companies, including state-run Power Grid Corporation of India have bid for two transmission projects, Gadarwara A and B worth Rs 60 bn even as seven other companies pulled out of the bids after showing interest. The four companies to bid for these projects were PGCIL, Essel Infra, Sterlite Grid and Adani Group. The Gadarwara A and B transmission lines would primarily be used to evacuate electricity generated at NTPC's power plant at Gadarwara in Narsinghpur district in Madhya Pradesh. As per the Industry sources, some of the other bidders pulled out anticipating aggressive bids by Power Grid, which bid 40-70% lower and bagged two projects last year - Unchahar Transmission and transmission projects under Northern Region Strengthening System for the northern grid. Power Grid's aggressive bids have not only discouraged serious Indian infrastructure companies but also kept foreign investors away.

Majority of the PSU Banking stocks are trading negative with Indian Overseas Bank and Canara Bank trading the weakest. According to a leading financial daily, State Bank of India (SBI) will provide finance totaling Rs 1 bn benefiting 3,000 small tea growers in the North East soon. Reportedly, finance will be provided to tea growers who have proper basic documents of their existing garden as per Tea Board of India norms. The finance will be for all sections of small growers to establish mini-bought tea leaf factories and buying vehicles for transporting green leaves.

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 markets trade flat". Click here!


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


Jan 19, 2018 (Close)