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 markets trade flat
Tue, 24 Feb 11:30 am

Indian markets shed initial gains opening in the green. Sectoral Indices are trading on a mixed note. FMCG and IT stocks are the leading gainers while oil and gas and metal stocks witnessed maximum selling activity.

The BSE-Sensex is down by 20 points while NSE-Nifty is down by 6 points. BSE Mid Cap index and BSE Small Cap index are trading down by 0.6% each. The rupee is trading at 62.18 to the US dollar.

Stocks in the power sector are trading mainly in the red. KSK Energy and Gujrat Ind. Power are the leading losers while Reliance Power and Power Grid were witnessing gains. As per a leading financial daily, Tata Power has signed a Memorandum of Understanding with Siberian Coal Energy Company (SUEK) to identify and evaluate opportunities in energy sector in Russia. As part of the agreement, both Tata Power and SUEK will cooperate on identifying and targeting opportunities in the energy sector in Russia and other geographies of common interest in order to develop mutually beneficial transactions. Tata Power generates about 8,621 MW of power of which 7,407 MW is from thermal power generation. Reportedly, the SUEK delivers coal to more than 30 countries all over the world.

Engineering stocks are trading mixed. Suzlon Energy and Blue Star are the leading gainers while Jindal drilling and AIA Engineering are the leading losers. According to a leading financial daily, Crompton Greaves has bagged a US$20-million (about Rs. 1.2 bn)-order from Indonesian electricity utility PT PLN for setting up 36 transformer bays of 150 Kv in Indonesia. The project, funded by the World Bank, aims to enhance the performance of transmission grid. Crompton Greaves said this order follows a recent order for transformers worth US$26 million. Crompton Greaves was trading down by 1.2% at the time of writing.

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 markets trade flat". Click here!


Views on News

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

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.

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...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot 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


Mar 5, 2021 (Close)