Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

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

Indian equity markets open in green
Tue, 22 May 09:30 am

The Asian equity markets have opened the day on a high note. Markets in Korea (up 1.1%), Indonesia (up 1.1%) and Singapore (up 1.1%) are leading the gains in the region. The Indian stock markets have opened the day on a positive note as well. Stocks in the capital goods and metal space are witnessing maximum interest.

The BSE-Sensex is up by around 150 points (0.9%), while the NSE-Nifty is up by around 42 points (0.9%). Mid and small cap stocks are trading in the green as well with the BSE Mid cap and BSE Small cap indices up by around 0.6% each. The rupee is trading at Rs 54.82 to the US dollar.

Telecom stocks have opened the day on a positive note with Reliance Communications, Idea Cellular and Mahanagar Telecom Nigam Ltd (MTNL) leading the pack of gainers. However, Tata Communications is trading in the red. The pains for the telecom sector do not appear to be easing anytime soon. Recently the Telecom Regulatory Authority of India (TRAI) had given its recommendations for setting the 2G auction reserve price at 1.08 times that of the 3G price. The telecom operators had vehemently opposed the regulator's views citing that such sky high prices would hurt their profitability. It would also be detrimental to consumer interests as operators would be forced to raise prices. Now the Department of Telecommunications (DoT) has come up with its own proposal to have a 17% increase in base price over that of TRAI's recommended price. To add to this, DoT has also stated that telecom operators should not be allowed to mortgage their spectrum as collateral for getting loans from the financial institutions. If prices for the new spectrum are set as per DoT, then the mobile operators would be forced to raise tariffs to compensate for added costs. However, if TRAI's proposals to cap tariffs gets accepted then most operators would be looking at squeezed margins or even losses in the coming years.

Auto stocks have opened the day on a firm note as well with Tata Motors, TVS Motors and Force Motors leading the gains. However, the stock of Maharashtra Scooters is witnessing selling pressure. The country's largest utility vehicle manufacturer, Mahindra & Mahindra (M&M) has stated its plans to revamp its two-wheeler business. As per a leading daily, the company plans to invest nearly Rs 5 bn in its two wheeler business. The amount would also be invested in setting up a Research & Development (R&D) center. M&M has already set up assembly lines for scooters and motorcycles at its Pithampur plant with a capacity of 1 m units. The investment plan is in line with the company's strategy to expand its presence in the fast growing two-wheeler market.

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian equity markets open in green". Click here!

  

Stock Market Updates

J&K BANK Share Price Up by 8%; BSE BANKEX Index Up 2.8% (Today's Market)

Mar 3, 2021 03:35 PM

J&K BANK share price is trading up by 8% and its current market price is Rs 32. The BSE BANKEX is up by 2.8%. The top gainers in the BSE BANKEX Index are J&K BANK (up 7.6%) and RBL BANK (up 5.2%).

RELIANCE IND. Share Price Up by 5%; BSE OIL & GAS Index Up 1.3% (Today's Market)

Mar 3, 2021 03:27 PM

RELIANCE IND. share price is trading up by 5% and its current market price is Rs 2,216. The BSE OIL & GAS is up by 1.3%. The top gainers in the BSE OIL & GAS Index is RELIANCE IND. (up 5.1%). The top losers are PETRONET LNG (down 0.1%) and BPCL (down 0.4%).

AU SMALL FINANCE BANK at All Time High; BSE BANKEX Index Up 2.8% (Today's Market)

Mar 3, 2021 03:23 PM

AU SMALL FINANCE BANK share price has hit an all time high at Rs 1,224 (up 4.2%). The BSE BANKEX Index is up by 2.8%. Among the top gainers in the BSE BANKEX Index today are AU SMALL FINANCE BANK (up 4.2%) and KOTAK MAHINDRA BANK (up 3.0%).

REDINGTON Share Price Down by 5%; BSE 500 Index Up 1.9% (Today's Market)

Mar 3, 2021 03:13 PM

REDINGTON share price is trading down by 5% and its current market price is Rs 200. The BSE 500 is up by 1.9%. The top gainers in the BSE 500 Index are IFCI (up 19.9%) and IDBI BANK (up 12.1%). The top losers are REDINGTON (down 5.1%) and SYMPHONY (down 5.1%).

RBL BANK Share Price Up by 5%; BSE BANKEX Index Up 2.7% (Today's Market)

Mar 3, 2021 03:09 PM

RBL BANK share price is trading up by 5% and its current market price is Rs 249. The BSE BANKEX is up by 2.7%. The top gainers in the BSE BANKEX Index are RBL BANK (up 5.0%) and FEDERAL BANK (up 5.7%).

Sensex Trades Over 500 Points Higher; Dow Futures Up by 147 Points (Today's Market)

Mar 3, 2021 12:30 pm

BSE Sensex is trading up by 586 points, while the NSE Nifty is trading up by 190 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Mar 3, 2021 (Close)

MARKET STATS