Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

Indian Markets Open in green
Fri, 27 Mar 09:30 am

International markets pared early losses after the US economy revealed better than expected initial claims data and service PMI. While the number of American filing for unemployment came down by 8,000 from the expected figure, at 282,000 whereas services PMI came in 58.6 compared to expectations of 57.2. European markets, like the US markets, shrugged off losses after investors gained traction owing to better than expected US economy. German equities, which were trading with more than 1.5% loss ended the day with just 0.2% loss.

Asian markets are trading on a mixed note as investors focus on the Japanese economic data. While the retail sales figures fell 1.8% compared to expectations of 1.5%; housing hold spending increased both MoM and YoY. All the other Asian markets are trading with losses. Taiwan and Kospi equity markets are trading with 0.8% and 0.1% losses respectively. However, Japanese, Chinese and Hong Kong stocks are trading on a positive note with gains of 0.5%, 0.3% and 0.13%, respectively.

Indian markets have opened on a positive note. BSE-Sensex is trading with gains of over 100 points while NSE-Nifty is trading up by 30 points. Barring auto sector, almost all the sectoral indices are trading in the green. Maximum gains are witnessed in the IT sector and capital goods sector sector. S&P BSE Midcap and S&P BSE Smallcap stocks are trading with gains of 0.7% and 0.8% respectively.

Commodity prices spiked over 1% as investors grew nervous because of the war prevailing in Yemen. This prompted them to turn their investments towards commodities. The price of gold per 10 grams increased more than 1% is available at Rs 26,810 with gains of Rs 318 while silver prices, too, gained 1.2% and per kilogram is available higher by Rs 455 at Rs 36,613 levels. Crude oil prices shot up by 5% as a result of the ongoing war. Per barrel, the crude oil is available at Rs 3,253. US Dollar opened today's trade with modest gains of 0.1% or 0.06. The value of Indian Rupee is Rs 62.73.

Most of the power stocks are trading in the green. NTPC and Reliance Power have gained the most with over 1% gains. Power major Powergrid Corporation said that it plans to invest over Rs 20 bn on many projects across the country. The project involves installing sub-stations at Delhi which will cost Rs 13.94 bn and will be commissioned in 26 months while Rs 0.7 bn will be invested in the Eastern region and is planned to be commissioned in 24 months. Few investments will parked in Hyderabad and Solapur which involve installing sub-stations. The expected costs are Rs 5.5 bn and Rs 0.5 bn respectively for Hyderabad and Solapur. Shares of the company fell about 0.6% in early trade.

Telecom companies have gained a lot of attention post completion of spectrum auctioning. Shares of Idea and Bharti Airtel are trading above 1% even amidst sell-off. Stock of Airtel gained nearly 1% after the company said that it has invested nearly Rs 291 bn to acquire 111.6 mhz from prime spectrums that included 900 mhz, 1800 mhz and 2100 mhz. While Rs 176 bn was spent in retaining the existing spectrum, the balance Rs 115 bn were spent to acquire new ones. Shares of Airtel gained about 0.6% after such developments.

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

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian Markets Open in green". Click here!


Views on News

TAKE SOLUTIONS Share Price Up by 5%; BSE IT Index Down 0.7% (Market Updates)

May 14, 2021 | Updated on May 14, 2021

TAKE SOLUTIONS share price is trading up by 5% and its current market price is Rs 64. The BSE IT is down by 0.7%. The top gainers in the BSE IT Index is TAKE SOLUTIONS (up 5.2%). The top losers are SONATA SOFTWARE (down 0.4%) and HCL TECHNOLOGIES (down 0.4%).

KPIT TECHNOLOGIES Share Price Up by 5%; BSE IT Index Down 0.7% (Market Updates)

May 14, 2021 | Updated on May 14, 2021

KPIT TECHNOLOGIES share price is trading up by 5% and its current market price is Rs 219. The BSE IT is down by 0.7%. The top gainers in the BSE IT Index is KPIT TECHNOLOGIES (up 5.3%). The top losers are HCL TECHNOLOGIES (down 0.5%) and L&T INFOTECH (down 0.7%).

L&T Technology Shares Fall After Q4 Results. What Should Investors Do? (Views On News)

May 5, 2021

Despite strong deal wins and a low base in FY21, a big turn-off for investors was the muted FY22 revenue growth guidance.

Tech Mahindra Shares Fall After Q4 Results. What Should Investors Do? (Views On News)

Apr 27, 2021

Tech Mahindra forecasts double digit growth driven by strong demand from clients.

Why Did HCL Tech Shares Plunge Today? (Company Info)

Apr 26, 2021

Key takeaways from HCL Technologies Q4FY21 results.

More Views on News

Most Popular

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Worst Sector in the Market (Fast Profits Daily)

May 11, 2021

The worst sector in the stock market according to the charts.

The Key to Profit from India's EV Revolution (Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


May 14, 2021 03:13 PM