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 remain firm 
(Thu, 12 Mar 01:30 pm) 
 
Indian markets have held on to the gains since morning. BSE-Sensex has gained about 0.8% while the NSE-Nifty has gained about 0.7%. BSE Sensex is trading higher by over 200 points while NSE Nifty is trading higher by 70 points. S&P BSE Midcap and S&P BSE Smallcap indices have outperformed the market with gains of over 1%. Among sectoral indices, the automobile index has outperformed the market. Commodities are trading in the green after yesterday's profit booking. Gold prices, per 10 grams, has increased by 0.6% and is trading at Rs 25,800 levels while silver prices, per kilogram, has increased over 1% and is trading at Rs 35, 480 levels. Crude oil prices has gained over 1.25% and is trading at Rs 3,040 per barrel. Indian rupee has declined 0.44% and is trading at Rs 62.50 per US Dollar.

Asian stocks closed in the green as investor optimism touched a new high following the Bank of Korea's rate cut. Japanese, Chinese, Hong Kong and Taiwanese markets closed in the green with 1.4%, 1.8%, 0.2% and 0.8% gains. Korean markets, however, lost 0.5%.

The industrial production and inflation figures are due to be released today. As per a leading daily, the Consumer Price Index (CPI) for the month of February may increase to 5.26% compared to previous month's reading of 5.11%. Increase in food prices would primarily be responsible for the gain in CPI. Food prices gained 6.13% in the previous month compared to 4.78% on a MoM basis According to leading financial sources, unseasonal rain is expected to effect the March CPI.

According to leading financial sources, January's reading for industrial production may slow down to 0.5% compared to 1.7% MoM. Experts believe the figure to fall anywhere between -1.7% and +2.3%. Moderation in sale volumes reported by automobile manufacturers and slowdown in the core sector are likely to be the main factors for slowdown in industrial production. Moreover, exports for the month of January declined 11.2% while the consumer durables sector fell 9% compared to 14.5% MoM.

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 remain 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 AUTO


Jul 26, 2017 (Close)

MARKET STATS