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  
Day of marginal gains 
(Tue, 20 Mar Closing) 
Although volatility came to the fore during the closing hours, indices in the Indian stock markets did manage to close the day amidst gains. While BSE-Sensex edged higher by around 40 points (up 0.25%), gains on the NSE-Nifty came in the region of 20 points. BSE Mid cap performed the best, edging higher by 0.6% whereas the BSE Small cap index closed flattish. Nearly three stocks gained for every two that closed the day in the positive on the Sensex.

Asian indices closed mixed today while Europe is trading mostly in the red currently. The rupee was placed at Rs 50.4 to the dollar at the time of writing.

Aluminium major National Aluminium Corperation Limited (Nalco) closed higher on the bourses today. The gains seemed a result of the company's plans to increase its capex by more than 70% to Rs 23 bn in fiscal year FY13. It should be noted that the company intends to add a whopping Rs 580 bn to its fixed capital base by the year 2020. This would be mostly for setting up aluminium smelters. While one smelter would be built in India itself, the country of Indonesia is the target for the second smelter. The company is also a disinvestment target for the Government of India's Rs 300 bn disinvestment target for the next fiscal.

Indian Hotels, the hospitality major has increased its offering with the addition to the Vivanta with the opening of a new spa resort in the southern state of Kerala. This sprawling 25 acre resort is situtated in the district of Kasargod in northern Kerala. This property is the fifth in Kerala under the brand name of Vivanta by Taj and takes the total tally of hotels of the company to 24. The stock however closed lower today.

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


Equitymaster requests your view! Post a comment on "Day of marginal gains". Click here!



Jun 23, 2017 (Close)