Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian stock markets trade strong
Fri, 23 Mar 11:30 am

Indian stock market indices traded strong over the last two hours of trade. IT and FMCG stocks witnessed maximum buying interest while Metal and Auto stocks witnessed maximum selling pressure.

The BSE-Sensex is up by 98 points, while the NSE-Nifty is up by 25 points. BSE Mid Cap index is down by 0.02% while the BSE Small Cap index is up by 0.26% respectively. The rupee is trading at 51.17 to the US dollar.

Steel stocks are trading in the red led by Bhushan steel and Jindal Steel. According to a leading financial daily, Steel Authority of India ltd (SAIL) is planning to acquire Brahmani Steel in Andhra Pradesh. Brahmani Steel has 14,700 acres of land and iron ore mines to build a 2.5 m tonnes steel plant at Kadapa in Andhra Pradesh. SAIL had registered its interest with Government of Andhra Pradesh in September 2011 for the acquisition and is still waiting for their response. The plant, which was proposed to be the first steel plant of such scale in the state, is estimated to get an investment of Rs 44 bn. However, it is yet to take off due to several issues, including company promoter and former Karnataka Minister G Janardhan Reddy being in jail.

PSU Banking stocks are trading in the green led by Allahabad Bank and Corporation Bank. According to a leading financial daily, Bank of Baroda has rolled out 1,001 ultra small branches (USBs) that would offer banking services to the people in un-banked villages. This is PSU bank's initiative towards financial inclusion. These were formally launched by Mr K C Chakraborty, deputy governor of Reserve Bank Of India (RBI) at Varanasi. Also, the bank has introduced 551 USBs across Uttar Pradesh and Uttarakhand. In future, it plans to open 1,700 such USBs across Indian villages.

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

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Indian stock markets trade strong". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Feb 20, 2018 03:35 PM