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 market indices open firm
Tue, 29 May 09:30 am

Most Asian stock markets have opened the day on a firm note with stock markets in Taiwan (up 2.4%), China (up 0.9%) and South Korea (up 0.8%) leading the gains in the region. However, the markets in Indonesia (down 0.4%) and Japan (down 0.1%) are trading in the red. The Indian equity market indices have opened the day on a positive note. Stocks in the auto, capital goods and healthcare space are leading the pack of gainers. However, consumer durables stocks are trading in the red.

The Sensex today is up by around 49 points (0.3%), while the NSE-Nifty is up by around 15 points (0.3%). Mid and small cap stocks are also trading in the green with the BSE Mid cap and BSE Small cap indices up by around 0.2% and 0.3% respectively. The rupee is trading at Rs 55.56 to the US dollar.

Food stocks have opened the day on a firm note with Lakshmi Energy, GSK Consumer Healthcare and Tata Global Beverages trading firm. Food & tobacco company ITC Ltd is planning to set up a second manufacturing unit in Kolkata for Sunfeast Yippee Noodles. It will do so in partnership with city-based Keventer Group. The plant will have an installed capacity to manufacture 50 tonnes of instant noodles per day. The proposed plant is estimated to entail an investment of about Rs 500 m. ITC has sourced technology for the plant, which is capable of packing 450 packets per minute, from Japan and Taiwan.

Steel stocks have opened the day on a firm note with JSW Steel, Tayo Rolls and Jindal Steel trading firm. Public sector steel major Steel Authority of India Ltd. (SAIL) has announced that it has signed a 50:50 joint venture agreement with Burn Standard Company Ltd (BSCL) for setting up a wagon components manufacturing facility at the premises of BSCL at Jellingham, Purba Medinipore district, in West Bengal. The facility will have a capacity to manufacture 10,000 boggies and 10,000 couplers per annum. The project is estimated to entail an investment of about Rs 2 bn. SAIL Chairman C S Verma had previously said that the facility would commence commercial production from 2014. It must be noted that BSCL is a subsidiary of Indian Railways.

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 market indices 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


Mar 21, 2018 (Close)