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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Indian markets recover towards the end 
(Thu, 5 Mar 03:30 pm) 
 
Indian markets recovered from their day lows as buying activity picked up in the final hour of trade, The BSE Sensex and NSE-Nifty are trading in green with a gain of 0.30% each. BSE Mid Cap and S&P BSE Nifty outperformed the broader indices with gains of 0.7% and 0.6%, respectively. The Indian Rupee is trading with marginal loss of 0.03 at Rs 62.22 against the U.S. Dollar. Precious metals which include gold and silver are trading on sidelines. Gold prices fell 0.21% or Rs 56 and is trading at Rs 26,491 per 10 grams. Silver prices in marginally in the green (up 0.07%) or Rs 24 and is trading at Rs 36,547 per kilogram. Crude oil prices increased more than 2.7% to Rs 3,250 per barrel.

The European markets are trading with moderate gains as investors' focus is on interest rate decision and the U.S. employment data. DAX and FTSE are trading with gains of 0.4% and 0.1%, respectively.

Banking stocks were facing selling pressure for most part of the day; however they gained momentum in the second half of the trading session. Banks such as ICICI Bank and State Bank of India fell nearly 1%, but recovered in the second half. IDBI Bank is trading in the green as the company plans to raise Rs 200 billion via bonds. IDBI said that the bonds will be issued next fiscal and the capital will be utilized as investment for expanding business. This route was taken by SBI when it took approval from shareholders to raise Rs 150 bn. Shares of IDBI gained nearly 1% after such development.

Real estate sector stocks witnessed profit booking today. Dewan Housing Finance Corporation Limited (DHFL) has raised Rs 8 bn from institutional investors. The company has said that this capital was raised by issuing about 1.7 crore shares to institutional investors at Rs 478.18 per share. According to leading financial sources, DHFL has reported that its paid-up capital has increased to Rs 1.45 billion. Shares of DHFL increased about 1.5%.

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Jun 23, 2017 (Close)

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