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 share markets open firm
Mon, 30 Jun 09:30 am

The major Asian stock markets have opened on a mixed note with South Korea (up 0.4%) and Taiwan (up 0.8%) leading the gains. However, the stock markets in Singapore (down 0.3%) were leading the losses.

The Indian share markets have opened the day on a firm note. All sectoral indices have opened in the green with banking and consumer durables sector leading the gains.

The Sensex today is up by around 233 points (0.9%), while the NSE-Nifty is up by around 68 points (0.9%). The midcap and smallcap stocks have also opened in the green with BSE Mid Cap and BSE Small Cap indices up by around 0.9% each. The rupee is currently trading at Rs 60.04 to the US dollar.

Energy stocks have opened the day mainly in the green with Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) leading the gains. As per a leading financial daily, the state owned Oil and Natural Gas Corporation Ltd (ONGC) has plans to invest over Rs 57 bn in redevelopment of its giant Mumbai High (North) oil and gas field off the west coast. This includes foreign exchange component of Rs 44 bn. The project is likely to increase production by 6.997 million tonnes for crude oil and 5.253 billion cubic metres for gas by 2030. The project cost includes around Rs 26 bn in creation of surface facilities, around Rs 20 bn in new oil and gas wells and the rest in sidetracking of existing wells. The facility parts under the project are scheduled to be installed by April 2016, while drilling of wells and the overall project completion is scheduled for May 2017.

Indian Pharma stocks have opened the day mainly in the green with Elder Pharma Ltd and Torrent Pharma Ltd leading the gains. Cipla Ltd has signed a definitive agreement to acquire a 51% stake in a pharmaceuticals manufacturing and distribution business in Yemen (in turn owned by a UAE based parent company). The company will pay US$ 21 m for this transaction, with additional considerations to be paid over the next 3 years on achievement of agreed milestones. The move is likely to secure company's presence in the fast growing market, given the recent preference to local manufacturing. It is to be noted here that Cipla already enjoys a leading position in Yemen with over 200 products.

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 share markets 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


Feb 23, 2018 (Close)