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 remain lackluster
Mon, 2 Apr 01:30 pm

Indian stock market indices are trading flat over the last two hours of trade. All the sectoral indices are in the green with Consumer Durable and Power stocks witnessing maximum buying interest.

The BSE-Sensex is up by 99 points, while the NSE-Nifty is up by 26 points. BSE Mid cap index and BSE Small cap index are up by 1.1% and 1.5% respectively. The rupee is trading at 50.82 to the US dollar.

Pharma stocks have been trading mainly in the green led by Dishman Pharma and Natco Pharma. As per a leading financial daily, the medicine price regulator, the National Pharmaceutical Pricing Authority (NPPA) has found a price fixing mechanism to lower the prices of key cancer medicines. A meeting is expected soon to finalise the pricing policy on drugs. NPPA's study may force the ministry to come up with more effective ways to control prices of essential cancer drugs. Currently, the cancer drugs are manufactured by nearly 20 domestic and multinational drug makers such as Ranbaxy, Cipla, GlaxoSmithKline, Novartis, etc.

Power stocks are trading in the green led by PTC India Ltd. and Reliance Infra Ltd. As per a leading financial daily, Reliance Power has commissioned a 40 MW solar power plant in Rajasthan at a cost of Rs 7 bn. The project has been financed with a debt-to-equity ratio of 75:25 with the debt provided by the US Exim Bank and the Asian Development Bank. The project is expected to generate 70 m units of power and will be used to service power requirement of Mumbai for which a long term power purchase agreement (PPA) has been signed with Reliance Infrastructure. The company will be adding 100 MW capacities at the same site in the next one year. The company hopes to double its solar power capacity to 300 MW over the next two years, taking its overall investment in solar projects above Rs 60 bn.

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 remain lackluster". 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