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 Indices Remain Flat
Wed, 8 Jun 01:30 pm

After opening the day on a flattish note, the Indian indices have continued to trade in the similar fashion. Major sectoral indices are trading in the green with stocks from the capital goods and power sectors leading the gains.

The BSE Sensex is trading higher by 47 points (up 0.2%) and the NSE Nifty is trading higher by 10 points (up 0.1%). The BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index is up by 0.9%. Gold prices, per 10 grams, are trading at Rs 29,560 levels. Silver price, per kilogram, is trading at Rs 39,600 levels. Crude oil is trading at Rs 3,367 per barrel. The rupee is trading at 66.83 to the US$.

As per an article in Livemint, over 239 projects involving investments worth Rs 5,000 billion have been given environmental clearance in the last two years. Projects in important sectors such as roads, railway network, pipelines, irrigation canal have remained stuck for approval for many years.

According to the data put out by the Union environment ministry, projects worth Rs 5,037 billion were cleared across all states which together have a potential of creating 164,239 jobs. Also, the Environment Minister Prakash Javadekar said that average waiting period for approval of projects has been brought down to 190 days from 600 days earlier. He further added that Modi's government will bring a kind of revolution in this space ahead and the development will unlock the potential of creating millions of jobs which in turn will drive India's economic growth.

As per the data released, Maharashtra was leading among the states with 35 projects approved followed by Andhra Pradesh and Gujarat with 11 and 19 projects respectively. Projects of upto 40 hectares and linear projects will be taken up at 10 offices instead of one ministry. Also, the forest cover in India has been increased by 3,500 sq km in the last two years.

Stocks in the banking space are trading on a positive note with SBI and Bank of Baroda leading the gains. Kotak Mahindra Bank (KMB) has notified that its customers will continue to enjoy 6% and 5% interest per annum on savings account for balance above Rs 1 lakh and up to 1 lakh, respectively.

Notwithstanding fall in interest rates, KMB decided to continue with their 6% proposition.

KMB is among the first banks to revise its interest rates upwards to 6% while most banks still continue to offer 4% p.a.

The bank has further said, it has nothing to do with competition but it is just giving a fair deal to customers.

Scrip of Kotak Mahindra Bank is currently trading down by 1.6%.

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 Indices Remain Flat". Click here!

  

Views on News

Inflation & Your Investments (Fast Profits Daily)

Mar 4, 2021

Inflation is the buzz word in the world of finance these days. It impacts all of us. Here's how it affects your investments.

What India's Positive GDP Reading Means for Your Equity Mutual Fund Investments (Outside View)

Mar 4, 2021

Given the risks involved, we may witness a sort of 'W-shaped' recovery wherein we would dip again before moving up, explains Rounaq Neroy in this edition of the Daily Wealth Letter.

I'm Back to Where It All Started (Profit Hunter)

Mar 4, 2021

Join us in welcoming research analyst, Aditya Vora, to Equitymaster.

Dollar at 80? (Fast Profits Daily)

Mar 3, 2021

Can the rupee depreciate to 80 against the US dollar? In this video, I'll show you what the charts say.

Motilal Oswal Asset Allocation Passive Fund of Fund: Aims to Benefit from Investing in Multi-Asset Passive Funds (Outside View)

Mar 3, 2021

PersonalFN analyses the features of Motilal Oswal Asset Allocation Passive Fund of Fund and explains the potential this fund has to offer to its investors.

More Views on 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 4, 2021 (Close)

MARKET STATS