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
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Indian stock markets climb further
Tue, 24 Apr 01:30 pm

Indian stock markets gained further momentum in the last two trading hours. Majority of the sectoral indices are trading positive with technology and power stocks leading the rally. Capital goods, Auto, pharma and FMCG stocks are the major losers.

The BSE-Sensex is trading up by 105 points and NSE-Nifty is trading up by 24 points. Both BSE Mid cap index and BSE Small cap indices are marginally up as well. The rupee is trading at 52.7 to the US dollar.

Majority of the energy stocks are trading positive with Bharat Petroleum Corporation Ltd. (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) trading the strongest while Petronet LNG is trading weak. As per a leading financial daily, India has requested Qatar to supply 3 million tonne of liquefied natural gas (LNG) on an urgent basis. The gas will be imported by Petronet LNG (PLNG) and Gas Authority Of India Ltd. (GAIL). Currently, India imports 7.5 million metric tonne per annum (MMTPA) of LNG from Ras Gas, Qatar. This is in line with a 25 year contract signed by Petronet LNG limited (PLL) in July 1999. The country now needs additional long-term tie up for 15 MMTPA of LNG. Reportedly, Qatar has expressed interest in an offer from Oil and Natural Gas Commission (ONGC) for a joint participation in exploration and production projects in third-world countries.

Most of the food stocks are trading positive with Lakshmi Energy and Tata Global Beverages being the biggest gainers. As per a leading financial daily, food major Nestle India is likely to bear an additional tax burden of Rs 1 bn in Calendar Year 2012. This is on account of higher rate of taxation. The increase would be largely due to higher payout of indirect taxes particularly the excise duty. In the Union Budget 2012-13, the government had hiked the excise duty by 2% from 10% to 12%. Nestle stock is up 0.2%.

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 climb further". 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

S&P BSE SENSEX


Oct 17, 2017 (Close)

MARKET STATS