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 open firm
Fri, 27 Apr 09:30 am

Asian stock markets have opened the day on a mixed note with stock markets in Malaysia (down 0.5%) and Indonesia (down 0.3%) leading the losses. However, markets in Hong Kong (up 0.5%) and South Korea (up 0.5%) are trading firm. The Indian stock markets have also opened the day on a firm note. Stocks in the metal, auto and power space are leading the gains.

The BSE-Sensex is up by 83 points (0.5%), while the NSE-Nifty is up by around 26 points (0.5%). Mid cap and small cap stocks are also trading in the green, with the BSE Mid cap and BSE Small cap indices up by 0.6% and 0.4% respectively. The rupee is trading at Rs 52.56 to the US dollar.

Oil & gas stocks have opened the day on a firm with Gas Authority Of India Ltd. (GAIL) and Bharat Petroleum Corporation Ltd. (BPCL) leading the gains. However, Gujarat Gas Company Ltd and Reliance Industries Limited (RIL) are trading with marginal losses. Gujarat Gas has announced the financial results for the quarter ended March 2012.The company has registered a 10% year-on-year (YoY) decline in the bottomline. The total revenues were up 39.7% YoY. The profits declined due to an increase in the cost of imported Liquefied Natural Gas (LNG) and depreciating rupee. The company plans to increase exposure to high value segments and optimise its gas sourcing portfolio in the long term in the wake of rising gas costs.

Private sector bank stocks have opened the day on a firm note with Dhanlaxmi bank, Development Credit Bank (DCB) and Federal Bank leading the pack of gainers. As per the recommendations of the parliamentary standing committee, the Union Cabinet has allowed the cap on voting rights of shareholders in private sector banks to 26%. Currently, the voting right is restricted at 10%. However, the approval of the Reserve Bank of India (RBI) will be mandatory for buying equity stake of more than 5%. It must be noted that the amendments are part of changes approved by the Union Cabinet in the proposed Banking Laws (Amendment) Bill. The bill was put forth before the Lok Sabha in March 2011.

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 open 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 23, 2018 (Close)