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 markets open in the green
Fri, 22 May 09:30 am

Indian markets have opened in green amid strong global cues. BSE Sensex and NSE-Nifty are trading with moderate gains of 0.2% each. Sectoral indices are trading on a mixed note with oil & gas and FMCG being the leading gainers while IT and power stocks were leading the losses. BSE Mid Cap and BSE Small Cap were up 0.4% and 0.3%, respectively.

Asian stock markets have opened on a positive note with markets in Hong Kong and Taiwan leading the charts. Meanwhile, stocks closed modestly higher in the US. Europe too witnessed equities finishing largely higher as investors grasped fresh data from the Euro zone. The Indian rupee opened with marginal gain of 6 paise at 63.58 per dollar on Friday against previous close of 63.64.

According to a leading financial daily, Idea Cellular, part of the Aditya Birla Group, is working on a Rs 75.8 bn deal to sell its independent towers, drawing the interests of Malaysia's Axiata, Bharti Infratel and American Tower Corporation. India's third largest mobile service provider owns and operates about 11,000 towers in the country. Reportedly, after the expensive spectrum auctions, Idea Cellular have been seeking fresh capital-raising plans. The company carries a consolidated debt of Rs 140 bn in FY15. The firm also raised Rs 30 bn through a qualified institutional placement process last year. The stock has opened the day on an optimistic note.

The stock of Glenmark Pharma has opened in green after it was reported that the company has been granted tentative approval by the US health regulator to sell Rufinamide, which is used to treat seizures caused by Lennox-Gastaut syndrome. Rufinamide is a therapeutic equivalent of Banzel tablets of Eisai. Reportedly, for the 12 month period ending March, the Banzel market achieved annual sales of approximately US$121.8 million. Glenmark's current portfolio consists of 96 products authorized for distribution in the US marketplace and 68 ANDAs (Abbreviated New Drug Application) pending approval with the FDA.

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 markets open in the green". 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


Jan 19, 2018 (Close)