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 Markets open firm
Wed, 1 Jul 09:30 am

Asian stock markets have opened the day in the green with markets in Hong Kong (up 1.9%) and Taiwan (up 0.8%) leading the gainers. Stock markets in US ended their session on a positive note while markets in Europe closed their session in the red yesterday. Crude oil prices rose nearly 1.3%, at Rs 3,785 per barrel. Precious metal gold and silver are trading down by 0.8% and 0.7% respectively.

Indian stock markets have opened their day on an encouraging note. BSE-Sensex is trading up by 83 points (up 0.3%) and NSE-Nifty is trading up by 18 points (up 0.2%). S&P BSE Midcap and S&P BSE Smallcap index indices are also trading in the green, up by 0.6% and 0.8% respectively. Sectoral indices are trading mixed with stocks in aluminum and pharma witnessing buying interest. Rupee gained around 0.12% and is trading at 63.68 per US dollar.

As per a leading financial daily, fiscal deficit for April-May of current fiscal stands at Rs 2.08 lakh crore or 37.5% of the budget estimates for 2015-16. Fiscal situation during April-May, 2015-16 has showed some improvement over the corresponding period of last year as the deficit then was 45.3% of the budget estimates. On a YoY (year-on -year) basis, the deficit was narrower due to higher non-tax revenue and lower non-plan expenditure. Net tax revenue for the first two months of 2015-16 stood at Rs 198.9 bn or 2.2% of the full year budget estimate. The same stood at 2.9% in the year-ago period. Total receipts stood at Rs 523.6 bn or 4.6% of the 2015-16 budget estimate, compared with 3.2% for April-May 2014.

Most of the stocks in automobile sector are trading in green. As per financial times, exports of automobile components grew 10% to an all-time high of $11.2 bn in 2014-15. This growth was helped by demand from the US, Turkey and Italy. As per data released on Tuesday by the Automotive Component Manufacturers' Association (ACMA), it grew 11% to Rs 685 bn. Turnover for the industry grew 11% to Rs 2348 bn in 2014-15 as against a decline of 2% in 2013-14. However, India has remained a net importer of automobile components in 2014-15 with its imports growing by 6% to $13.5 bn as against a decline of 6.3% in 2013-14.

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 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


Nov 24, 2017 (Close)