X

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

MEMBER'S LOGINX

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

Markets will remain closed on 19th & 20th October 2017.
We wish all our readers a very Happy Diwali!

Indian share markets open firm
Wed, 26 Feb 09:30 am

Asian stock markets have opened the day on a mixed note with Indonesia (down 0.7%) and Singapore (down 0.5%) leading the losses. However, markets in Taiwan (up 0.4%) and Hong Kong (up 0.2%) are trading in the green. The Indian share markets have also opened the day on a firm note. Stocks in the healthcare and consumer durables space are leading the gains. However, metal and retail stocks are trading weak.

The Sensex today is up by around 63 points (0.3%), while the NSE-Nifty is up by around 16 points (0.3%). The midcap and smallcap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices trading higher by 0.2% and 0.4% respectively. The rupee is currently trading at Rs 61.97 to the US dollar.

Information technology stocks have opened the day on a firm note with HCL Infosystems and Mphasis Ltd leading the gains. As per a leading financial daily, India's third largest software exporter Wipro Ltd has announced that it has bagged a 10-year multi-million dollar contract from Britain-based leading integrated support services firm Carillion Plc. As a global strategic partner, Wipro will provide integrated IT and back-office services to Carillion. The value of the contract has not been disclosed. It must be noted that Carillion operates across industry verticals in Britain, West Asia and Canada. It provides a range of solutions, including project finance, design, construction and support services. Moreover, Carillion also handles public-private partnership projects.

Power stocks have opened the day mainly on a firm note with CESC Ltd and KSK Energy leading the gains. As per a leading financial daily, Tata Power's Mundra Ultra Mega Power Project (UMPP) will get about 47 paise more per unit. It must be noted that in order to mitigate the company's higher cost of imported coal, the Central Electricity Regulatory Commission (CERC) has allowed it to increase electricity tariff. Effective April 1, 2013, the electricity regulator has allowed higher tariff of 52 paise and a compensation of Rs 3,294.5 million to the company. However, as per the CERC ruling, the power generation company will have to forgo 1% of its return on equity which amounts to Rs 500 million per annum. So effectively, the company will get higher tariff of 47 paise. Currently, the tariff is Rs 2.26 per unit.

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 share markets open firm". 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 IT


Oct 19, 2017 (Close)

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS