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?  

Markets start on a volatile note
Tue, 15 Jun 09:30 am

The Indian markets have started today's session on a volatile note. The benchmark indices opened at the breakeven mark but soon fell into the negative territory. These have managed to make their way into the green since then. Other key Asian markets are in the positive with Indonesia (up 0.5%) leading the pack of gainers. The US markets closed lower by 0.2% yesterday.

Currently in India, heavyweights from the BSE-Sensex are trading weak with software and auto majors facing the brunt of selling activity. The BSE-Sensex is trading higher by around 15 points, while the NSE-Nifty is up by about 5 points. Some buying interest is also being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.2% and 0.5% respectively. The rupee is trading at 46.51 to the US dollar.

Power stocks have opened the day on a positive note. Gainers here include Reliance Power and NTPC. As per a leading business daily, Reliance Industries plans to bid for the Surguja ultra mega power project (UMPP) in Chhattisgarh. The deadline for submitting the bid is July 5. The 4,000 mega watt UMPP calls for an investment of about Rs 160 bn. Funding would not be a problem for Reliance Industries given its strong cash position. In fact, the company mopped up a seven-year US$ 1 bn loan at an attractive rate last week. This would be the company's second major diversification plan after the Ambani brothers last month cancelled their non-compete agreements.

Interestingly, Anil Ambani controlled Reliance ADA group may not bid for the Surguja project. This is because a bidder cannot have more than three UMPPs at a pre-commissioning stage. It can bid for the next one only after all the units of at least one of the three projects achieve commercial operation date 30 days prior to the submission of the fresh bid. Reliance Power has bagged three UMPPs at Sasan in Madhya Pradesh, Krishnapatnam in Andhra Pradesh and Tilaya in Jharkhand. The Sasan project is expected to be commissioned by the end of 2012.

Food stocks have opened the day on a positive note. Gainers here include Tata Coffee and ITC. As per a leading business daily, Tata Tea plans to step up its presence in Pakistan and Bangladesh. It aims to capture at least 10% of the packaged tea market in both countries over the next two years. Towards this, the company is enhancing its distribution networks and increasing the points of sales. The company has a 7% market share in Pakistan and 5% in Bangladesh. It may be noted that South Asia accounts for about 33% of the company's global revenue. It has also formed a joint venture with Pepsico recently for producing non carbonated ready-to-drink beverages and expects to launch its first product by the end of this year.

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 "Markets start on a volatile note". Click here!

  

Stock Market Updates

Sensex Ends 598 Points Lower, Nifty Settles Below 15,100-Mark; HDFC and JSW Steel Top Losers (Today's Market)

Mar 4, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 598 points and the Nifty ending down by 164 points.

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

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.

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...

How Much Money For Day Trading?(Fast Profits Daily)

Feb 22, 2021

In this video, I'll show you how to allocate your capital as a day trader.

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