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?  

Broad based buying aids indices
Tue, 29 Mar 01:30 pm

After trading in the northern territory during the previous two hours of trade Indian stock market indices have extended the early gains and are currently trading firm. All the sectoral indices are trading in the green with realty leading the pack of gainers.

Currently, the BSE-Sensex is up by 223 points while NSE-Nifty is trading 62 points above the dotted line. BSE Midcap and BSE Small cap indices are both up by 0.30% and 0.23% respectively. The rupee is trading at 44.64 to the US dollar.

NBFC stocks are trading mixed with SREI Infrastructure Finance and Motilal Oswal leading the gains. However, Indiabull financial services is trading weak. The new micro-finance bill proposes to cover all types of Micro-Finance Institutions (MFIs) under its purview. It may be noted that the latest bill covered only MFIs not regulated by the RBI. As a result few NBFCs were outside the purview of the latest bill. The new bill expected to be tabled in the parliament will cover all MFIs including NBFCs, non NBFCs and trusts & societies. The new bill may also restrict MFIs from taking deposits. It may be noted that the earlier bill had a provision for deposit taking NBFCs. Finally the bill may also cap the interest rate on individual loans or may limit the difference between the amount charged to the borrower and the cost of funds of MFIs. The final call on these issues is expected to be taken after having an opinion from the RBI.

Oil & Gas stocks are trading mixed with BPCL and HPCL leading the gains. However, GAIL and Essar Oil are trading weak. RIL has failed to meet its gas commitment as planned initially. The company was about to drill 22 gas wells and produce 53.4 mscmd till April. However, the output so far is only 42 mscmd. The government or DGH may take some action on RIL as it has virtually failed to honor the commitment as envisaged. However, the reasons for the fall in the output are yet to be revealed. It may be noted that the government has made gas allocation to various priority sectors through its gas allocation policy. And the expected fall in gas production is likely to hurt the demand across key priority sectors like fertilizers, power, steel and refineries.

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 "Broad based buying aids indices". 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 22, 2018 (Close)