X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian markets open in green 
(Wed, 11 Mar 09:30 am) 
 
Asian stock markets have opened on a mixed note. Japanese, Chinese and Taiwanese market are trading in the green with 0.5%, 0.9% and 0.1% gains while Korean and Hong Kong markets are trading with moderate losses of 0.3% each. The U.S. markets witnessed a sell-off yesterday as broader indices fell over 1.5% as investors grew more sceptical over the possibility of raising the interest rates. European markets closed on a negative note with FTSE and CAC closing with more than 1% losses and DAX closing with 0.7% losses.

Indian markets have opened in green. BSE Sensex and NSE-Nifty are trading with moderate gains of 0.2% each or 18 points and 60 points, respectively. Barring stocks from metal sector, most of the sectoral indices have opened on a firm note. BSE Mid Cap and BSE Small Cap increased 0.3% and 0.5%, respectively.

Commodities are trading in the red. Gold prices, per 10 grams, declined 0.42% and is trading at Rs 25,916 while Silver prices, per kilogram, declined 0.6% and is trading at Rs 35,700 levels. Crude oil prices tanked 3.5% as the sell-off in international crude continued. Per barrel crude oil prices traded near Rs 3060 levels. The value of Indian Rupee against the U.S. Dollar increased marginally by 0.04% or 0.03 to trade at Rs 62.77. According to leading financial sources, Reserve Bank of India purchased nearly $12.2 billion to minimize the damage of volatile currency movements on Indian Rupee.

As per the recently released economic data, India's Current Account Deficit (CAD) for three months (October - December) came as per expectations. The, CAD of India came to $8.2 billion for three months ending December FY15. The CAD narrowed on the back of increase in exports and slight increase in imports; resulting in inflow of funds that narrowed the CAD. On a QoQ basis, the CAD declined from $10.1 billion to $8.2 billion, however, on YoY basis CAD doubled itself from $4.2 billion.

The foreign exchange reserves for the first nine months of the current fiscal increased by $16.4 billion. This is much higher than the reading of $1.8 billion recorded last year same period. According to the Reserve Bank of India, the forex reserve as of December 26, 2014 stood at $320 billion. Factors responsible for the increase in forex reserves are increased in foreign investments and decline in current account balance. Foreign investments increased $52.2 billion while current account balance declined $26.3 billion. On the other hand, capital account showed a positive movement of $57.6 billion.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian markets open in green". 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 SENSEX


Sep 22, 2017 (Close)

MARKET STATS