X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian share markets open firm 
(Wed, 9 Apr 09:30 am) 
 
Barring Japan (down 2.1%), all major Asian stock markets have opened the day on a firm note with stock markets in Hong Kong (up 1%) and Taiwan (up 0.4%) leading the gains. The Indian share markets have also opened the day on a firm note. Barring consumer durables, all sectoral indices have opened in the green with stocks in the realty and banking space leading the gains.

The Sensex today is up by around 107 points (0.5%), while the NSE-Nifty is up by about 29 points (0.4%). The mid and small cap stocks have opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.4% each. The rupee is currently trading at Rs 60.08 to the US dollar.

Steel stocks have opened the day on a firm note with Adhunik Metaliks, Tata Steel and Steel Authority of India Ltd (SAIL) leading the pack of gainers. As per a leading financial daily, Tata Steel is set to sell off its New Zealand business. New Zealand's Steel and Tube would acquire Tata Steel International Australia (TSIA) for a consideration of NZ$ 27.5 million (approx. Rs 143 crore). It must be noted that TSIA is a leading supplier of stainless steel, engineering steels and composite floor decks to the New Zealand and Pacific Island markets. It also sells colour coated and packaging steels, railway tracks and structural sections.

Mining stocks have opened the day on a firm note with Gujarat NRE Coke and National Mineral Development Corporation (NMDC) leading the gains. After continuous delays and non-adherence to two deadlines, state-run mining giant Coal India Ltd (CIL) has managed to sign 160 fuel supply agreements (FSA) with power producers. It must be noted that power projects with 78,000 MW capacity have been approved for coal supplies by the Cabinet Committee on Economic Affairs (CCEA). For this 78,000 MW capacity, CIL was supposed to sign FSAs for 172 units covering 134 Letter of Assurances (LoAs). So now that CIL has signed 160 FSA, there are 12 more to go.

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

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian share markets open firm". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

COAL INDIA SHARE PRICE


Jul 21, 2017 (Close)

TRACK COAL INDIA

  • Track your investment in COAL INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COAL INDIA - GUJ.NRE COKE COMPARISON

COMPARE COAL INDIA WITH

MARKET STATS