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 will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

Realty & PSU Stocks Trade in the Green
Mon, 4 Jul 01:30 pm

The Indian Indices continue to remain firm in the post-noon trading session amid strong international markets. Sectoral indices witnessed healthy buying interest with stocks from the realty and PSU leading the gains.

The BSE Sensex is trading higher by 186 points (up 0.7%) and the NSE Nifty is trading up by 52 points (up 0.6%). The BSE Mid Cap index is trading higher by 0.7% while the BSE Small Cap index is trading higher by 1%. Gold prices, per 10 grams, are trading at Rs 31,761 levels. Silver price, per kilogram, is trading at Rs 47,383 levels. Crude oil is trading at Rs 3314 per barrel. The rupee is trading at 67.20 to the US$.

Stocks in the energy sector are trading on a mixed note with ONGC and Oil India Ltd trading in the green. As per an article in a leading financial daily, GAIL India has agreed to extend financial support to Ratnagiri Gas and Power for building a breakwater.

Reportedly, this will allow the company to award the contract for the much-delayed project. One must note that GAIL India holds 25.5% stake in the project. Further, GAIL has invited bids for Dabhol LNG terminal as it cannot operate without a breakwater structure. A breakwater is a barrier built out into the sea to protect a coast or harbor from the force of waves.

Also, government of India eyes at doubling the LNG import terminal in order to meet the growing demand for refineries, fertilizer and power plants.

In another development, GAIL is reportedly going to inject around Rs 200 billion over the next five-six years to build a gas pipeline network in South India. GAIL is also building a 1,104km gas pipeline that will traverse across Kochi, Koottanad, Bangalore and Mangalore.

To know our view on GAIL, you can read our result analysis (subscription required).

GAIL India Ltd was trading down by 0.1% at the time of writing.

Moving on to the news from pharmaceuticals sector. According to a leading financial daily, the pharmaceutical market in India is expected to be worth US$ 55 billion by 2020 as against the current size of US$ 18 billion.

India is the largest provider of generic drugs globally with 20% of exports in terms of volume.

As per the report, India's cost of production is significantly lower than that of the US and that gives a competitive edge to India over others.

Moreover, pharmaceutical exports to the US are rising due to the increasing demand for high quality generic drugs in the market. However, the growth rate for exports of pharma is declining, due to increasing US Food and Drug Administration (FDA) scrutiny on the quality of pharma products manufactured in India.

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 "Realty & PSU Stocks Trade in the Green". Click here!

  

Views on News

Top 5 Recent IPO Developments You Should Know (Views On News)

May 12, 2021

So far in 2021, IPOs in India have raised nearly US$ 3 bn, the best start to the year since 2018.

How Did Mindtree Perform in Q4FY21? (Company Info)

Apr 20, 2021

Here's the rundown on the company's latest quarterly results.

Is Intraday Trading For You? (Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

Beware! Not Every EV Stock Will Be a Tesla (Profit Hunter)

May 13, 2021

Analyse the business models of EV stocks before investing in them.

Are Value Funds Ready to Shine? (Outside View)

May 12, 2021

PersonalFN explains whether the recovery in value funds sustain after generating superior performance in the last one year.

More Views on News

Most Popular

The Next Smallcap Winners (Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Time to Buy Smallcaps? (Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

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


May 12, 2021 (Close)

MARKET STATS