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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Indian Markets Finish Strong 
(Tue, 17 Mar Closing) 
 
Indian markets started today's trading session on a positive note following the international cues. It gained more than 300 points during the first half of the trading session, however, owing to selling pressure at one point the indices turned negative. In the second half of the trading session Indian markets gained momentum and finished strong. BSE Sensex gained nearly 300 points while NSE-Nifty gained 90 points. BSE Mid Cap and BSE Small Cap, however, underperformed. Midcap stocks gained 0.6% while Smallcap stocks gained 0.2%. Healthcare, FMCG and Capital goods were the lead gainers in today's trading session.

Commodities continue to trade in the red. Gold prices have fallen over 0.3% or Rs 70 and per 10 grams; it is trading at Rs 25,700 levels while Silver prices fell over 0.3% or Rs 200 and is trading at Rs 35,360 levels. Crude oil prices extended their sell-off. Crude oil prices per barrel dropped over 1% or Rs 28 and are trading near Rs 2,700 levels. Indian rupee declined 0.1% or 0.08 and is trading at Rs 62.73 levels against the US Dollar.

European markets are trading with moderate losses as DAX and CAC are witnessing some profit booking. DAX and CAC are trading with losses of 1% and 0.3% while FTSE is trading with moderate gains of 0.23%.

Realty sector made impressive gains today. Shares of IRB infrastructure gained 0.3% after the company's wholly owned subsidiary, Yedeshi Aurangabad Tollway Private Limited, received the much required financial support for its Aurangabad Toll project. The project is being done with association of NHAI and is valued at Rs 31.77 bn. NHAI will be contributing about Rs 5.58 bn while equity contribution will amount to Rs 8.63 bn. The balance which amounts to Rs 17.56 bn will be funded through project finance. The cost of debt is estimated at 11.75% while the duration of the project would be around 26 years.

Shares of Fertilisers and Chemicals Travancore (FACT) gained 20% after the government announced its intention of reviving the fertiliser industry. FACT said that it needs at least Rs 20 bn to revive the company. The amount would be utilized in purchasing seed stock, raw materials and paying off outstanding dues to suppliers. The company also said that it has submitted medium and long term plan of reviving the company. As of now, the company receives an annual subsidy in the range of Rs 6 - Rs 8 bn.

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May 26, 2017 (Close)

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