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 trade firm
Wed, 18 Apr 11:30 am

Indian stock market indices traded strong over the last two hours of trade. Barring FMCG, all sectors have witnessed buying interest led by Consumer Durables and Auto.

The BSE-Sensex is up by 101 points, while the NSE-Nifty is up by 35 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.94% and 0.95% respectively. The rupee is trading at 51.50 to the US dollar.

Barring Mangalore Refineries and Petrochemicals Ltd. (MRPL), all energy stocks have been trading in the green led by Cairn India and Chennai Petroleum Corporation Ltd. (CPCL). As per a leading financial daily, Gas Authority of India Ltd. (GAIL) will set up the country's first 4 million tonne (MT) capacity floating liquefied natural gas (LNG) terminal off the Andhra coast. As per the oil ministry and company sources, the project is estimated to cost around Rs 20 bn.

The project will be implemented by Andhra Pradesh Gas Distribution Corp (APGDC), a company jointly promoted by Gail Gas and Andhra Pradesh Gas Infrastructure, which has recently signed an agreement with GDF Suez LNG UK for jointly setting up a floating storage and regasification unit (FSRU). The project is estimated to be commissioned by the end of 2013.

Barring Infosys, all software stocks have been trading in the green led by HCL Technologies Ltd. and CMC Ltd. HCL Technologies has reported its results for third quarter of FY12 (3QFY12). The company has reported a 26% year on year (YoY) increase in the topline. The sales for the quarter stood at Rs 52 bn. The consolidated net profit for the quarter came at Rs 6 bn, up 28% YoY. This was on account of strong order flow from the customers that helped to cut the operational costs.

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 trade firm". 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 16, 2018 (Close)