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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Indian markets close strong 
(Mon, 30 Mar Closing) 
 
Today's trading session was a one-sided positive movement. Indian indices BSE-Sensex gained over 500 points and NSE-Nifty finished today's trading session with gains of about 150 points, finishing above the 8,500 mark in the process. All the sectoral indices gained ground today but the positive movement was led by Capital goods index that gained about 2.8% and the PSU index that gained in excess of 2%. S&P BSE Midcap and S&P BSE Smallcap stocks gained about 2% and 3% respectively. Today's rally was fuelled with optimism over Janet Yellen's comment over raising the interest rates later and not sooner.

All the European stocks have gained over 1% after a possibility has risen over sealing a nuclear deal with Iran. Six world powers along with Iran expect to strike a nuclear deal. This has also prompted the Dollar value to decline against major world currencies. While German equities gained 1.5% the French market gained 1%. The FTSE index is trading higher by 0.5%.

Commodities have extended their losses as gold prices, per 10 grams, declined 1% and Silver prices, per kilogram, declined 2%. While the gold prices is available at Rs 26,300 levels silver prices is available at 37,668 levels. Crude oil prices extended losses by nearly 4.5% as the possibility of Iran striking a nuclear deal with six world powers seemed imminent. Per barrel, the crude oil is available at Rs 3,020 levels. Dollar value against Indian rupee gained 0.34% or 0.21 and is trading at Rs 62.62 levels.

Power stocks gained amidst today's 500 point rally. PTC Indian and CESC were among the lead gainers. BHEL however gained about 2.6% after it acquired an order of Rs 50 bn from the Telangana government. The contract includes setting up a thermal power project at Manuguru. The setting up of a 1,080 MW thermal power plant includes design, engineering, construction, supply, testing and commissioning. The spare parts for thermal plant will be manufactured from north Indian facilities such as Haridwar and Jhani plants. South Indian facilities such as Trichy, Hyderabad and Bangalore will also make contributions.

Real estate stocks too like sectoral indices have witnessed traction from investors. The lead gainers from the sector are Zandu Realty and NCC Ltd. Shares of Ahluwalia Contracts gained over 9% after the company bagged an order whose value is Rs 4.3 bn. The contract involves constructing institutional and residential buildings. One of the contracts is for the construction of the new Indian Institute of Management at Rohtak for Rs 3.01 bn.

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Aug 18, 2017 12:08 PM

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