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?  

Indian Indices Open Weak
Tue, 23 Feb 09:30 am

Barring Singapore, major Asian stock markets have opened the day on a negative note. The stock markets in China and Japan are trading lower by 1.3% and 0.4% respectively. Major indices in Europe and US ended their previous session on an encouraging note. The rupee is trading at 68.55 per US$.

Indian stock markets have opened the day on a negative note. The BSE Sensex is trading lower by 67 points (down 0.3%) and NSE Nifty is trading lower by 24 points (down 0.4%). Both, BSE Mid Cap and BSE Small Cap are trading marginally lower by 0.04% and 0.01% respectively. Barring, pharmaceutical sector, major sectoral indices have opened the day in red with stocks from banking and FMCG sectors witnessing maximum selling pressure.

As reported in a leading financial daily, National Thermal Power Corporation seeks to raise around Rs 50 billion through a two-day offer for sale (OFS) that begins today. The bid for retail investors will commence from tomorrow and will close on the same day. Reportedly, the floor price for the offer for sale is set at Rs 122 per share. Provided the divestment is successful the government will pare 5% of its total stake of 74.96% as of 31 December.

NTPC will be the sixth divestment by the government in this fiscal. The government had set a divestment target at approx. Rs 695 billion for the current fiscal. However, till date the government has been able to raise approx.. Rs 135 billion through the divestment route. We will shortly come up with a note mentioning our view on NTPC's offer for sale. The stock is trading down by 1.9%.

In another news update, the production at Maruti Suzuki India's manufacturing plant is expected to get affected on account of shortage of parts for few days. The shortage has occurred because of ongoing blockade of the national highways and other roads by the member of Jat community in Haryana.

Further, the company is likely to incur a production loss of at least 10,000 vehicles due to the ongoing protests. However, the company is expected to ramp up output to make up for these losses once the situation in the Gurgaon-Manesar belt normalizes. The company is also making efforts to arrange for components from other sources. The stock is trading up by 1%.

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 Indices Open Weak". Click here!

  

Views on News

ITI Mid-Cap Fund: Investing in Potential Midcap Companies for Growth (Outside View)

Feb 26, 2021

PersonalFN analyses the features of ITI Mid-Cap Fund and explains the potential this fund has to offer to its investors.

NSE Glitch: Why Did the Market Go Up? (Fast Profits Daily)

Feb 26, 2021

In today's video, I'll discuss why thew stock market went up on Wednesday, 24 February 2021, when the NSE had to shut trading due to a technical glitch.

My Personal Checklist for Your Trading Success (Profit Hunter)

Feb 26, 2021

You my personal trading checklist and you will be well on your way to making it big as a trader.

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.

Refresh Your Investment Portfolio in 2021 to Align with Your Financial Goals (Outside View)

Feb 25, 2021

Timely review of your investment portfolio is the key, to enable stable returns and work towards your envisioned financial goals during various market phases.

More Views on 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