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 indices open in green
Wed, 6 Jun 09:30 am

Barring China (down 0.2%) Asian stock markets have opened the day on a firm note with stock markets in Indonesia (up 2.1%), Japan (up 1.8%) leading the gains in the region. The Indian equity markets have also opened the day on a positive note. All sectoral indices have opened in green with stocks in the banking and realty sector leading the pack of gainers.

The Sensex today is up by around 208 points (1.3%), while the NSE-Nifty is up by around 50 points (1.0%). Mid and small cap stocks are also trading in the green with the BSE Mid cap and BSE Small cap indices up by around 0.9% and 0.7% respectively. The rupee is trading at Rs 55.48 to the US dollar.

Energy stocks have opened on a mixed note with Essar Oil and Cairn India leading the gains while Bharat Petroleum Corporation Ltd (BPCL) and Gujarat State Petronet Limited (GSPL) are trading weak. As per a leading financial daily, the Petroleum regulator has suggested the Oil Ministry to cancel some licenses. These are for one pipeline planned by Gas Authority of India Limited (GAIL) and four by Reliance Gas Transportation Infrastructure (RGTIL) to transport gas from Reliance Industries' D6 block where gas supplies have seen a drastic fall. As per the regulator, the license should be revoked as the work on the projects has not progressed since a long time. The deadline to build the pipeline expires in December 2012. The pipelines include RGTIL's projects to link Kakinada with Chennai, Tuticorin, Bangalore, Mangalore and Haldia, and GAIL's pipeline from Haldia to Jagdishpur.

Aluminium stocks have opened the day on a positive note with Hindalco Industries leading the gains. As per a leading financial daily, the Gujarat government recently approved the Rs 120 bn investment plan by public sector aluminium firm National Aluminium Company Limited (Nalco). Nalco will set up an alumina and smelter plant in a joint venture with Gujarat Mineral Development Corporation (GMDC). GMDC will have 26% stake in this joint venture. As per a GMDC official, the project is likely to be set up on similar lines as the units installed by the UK-based Vedanta Group in Orissa. However, the technology used will be better. The project is planned to be set up in two phases. The first will involved an investment of Rs 44 bn by Nalco in an alumina plant with an installed capacity of 10 lakh tonnes per annum (tpa). In the second phase, the remaining investments will be made and also a smelter plant with 5 lakh tpa capacity will be set up. GMDC will supply 30 lakh tonnes of bauxite to Nalco. The stock was trading in the green.

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 indices open in green". Click here!

  

Stock Market Updates

GUJ. STATE PETRONET Share Price Up by 5%; BSE 500 Index Up 1.4% (Today's Market)

Mar 2, 2021 03:31 PM

GUJ. STATE PETRONET share price is trading up by 5% and its current market price is Rs 262. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are GUJ. STATE PETRONET (up 5.2%) and GSK CONSUMER (up 5.1%). The top losers are BAYER CROPSCIENCE and LAURUS LABS.

GUJARAT PIPAVAV PORT Share Price Up by 12%; BSE REALTY Index Up 0.8% (Today's Market)

Mar 2, 2021 03:23 PM

GUJARAT PIPAVAV PORT share price is trading up by 12% and its current market price is Rs 114. The BSE REALTY is up by 0.8%. The top gainers in the BSE REALTY Index is GUJARAT PIPAVAV PORT (up 12.5%). The top losers are PRESTIGE ESTATES and PHOENIX MILL (down 0.2%).

STRIDES PHARMA SCIENCE Share Price Up by 5%; BSE HEALTHCARE Index Up 1.1% (Today's Market)

Mar 2, 2021 03:23 PM

STRIDES PHARMA SCIENCE share price is trading up by 5% and its current market price is Rs 878. The BSE HEALTHCARE is up by 1.1%. The top gainers in the BSE HEALTHCARE Index is STRIDES PHARMA SCIENCE (up 5.1%). The top losers are AJANTA PHARMA (down 0.4%) and CAPLIN POINT (down 0.4%).

JAGRAN PRAKASHAN Share Price Down by 7%; BSE 500 Index Up 1.3% (Today's Market)

Mar 2, 2021 03:23 PM

JAGRAN PRAKASHAN share price is trading down by 7% and its current market price is Rs 63. The BSE 500 is up by 1.3%. The top gainers in the BSE 500 Index are SYMPHONY (up 20.0%) and SHIPPING CORP (up 20.0%). The top losers is JAGRAN PRAKASHAN (down 7.4%)..

JK LAKSHMI CEMENT Share Price Up by 11%; BSE 500 Index Up 1.0% (Today's Market)

Mar 2, 2021 03:15 PM

JK LAKSHMI CEMENT share price is trading up by 11% and its current market price is Rs 438. The BSE 500 is up by 1.0%. The top gainers in the BSE 500 Index are JK LAKSHMI CEMENT (up 11.0%) and TTK PRESTIGE (up 11.1%). The top losers are CROMPTON GREAVES CONSUMER ELEC. and RAYMOND .

Sensex Trades Over 200 Points Higher; Dow Futures Down by 90 Points (Today's Market)

Mar 2, 2021 12:30 pm

BSE Sensex is trading up by 209 points, while the NSE Nifty is trading up by 76 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 2, 2021 03:36 PM

MARKET STATS