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 remain range bound
Tue, 7 Jul 01:30 pm

Indian Indices continued to trade slightly above the dotted line in the post noon trading session. Sectoral indices are trading mixed with mining and financial stocks leading the gainers. However, power stocks are witnessing some volatility.

The BSE-Sensex is trading up 56 points (up 0.2%) and the NSE-Nifty is trading up 17 points (up 0.2%). The S&P BSE Midcap index is trading up 0.7% and the S&P BSE Smallcap index is trading up 0.9%. Commodity prices are trading weak. Gold prices, per 10 grams, are trading at Rs 26,243 levels. Silver price, per kilogram is trading at Rs 36,003 levels. Crude oil is trading at Rs 3,366 per barrel. The rupee is trading at 63.39 to the US dollar.

Stocks in the power sector are trading on a mixed note with Adani Power and Reliance Infra leading the gainers. As per a leading financial daily, India's principal electric power transmission company Power Grid Corporation of India (PGCIL) has received an approval for four investments proposals worth Rs 22.5 bn. This was approved by the board of directors at its meeting held on July 02, 2015. The investment approval is for 'Green Energy Corridors: Inter-State Transmission Scheme (ISTS) - Part -C'. The commissioning for the same is scheduled for 36 months from the date of investment approval. The Green Energy Corridor project is aimed at transmission of renewable energy from generation points to the load centers by creating intra-state and inter-state transmission infrastructure. Stock of PGCIL is currently trading down by 0.2%.

Stocks in the textiles space are also trading mixed with Pioneer Embroid and Eastern Silk Ind. witnessing maximum buying interest. Shares of multi-product and multi-business organization SRF have touched a lifetime high after the government extended the anti-dumping duty provision on import of nylon tire cord fabric from China. This product is used as an input in automotive tire manufacturing. The government has extended this provision for another five years. The fluorine based specialty business has been growing upwards by 40-45% annually over the past five years. For this the company expects a further revenue growth of 35% over the next couple of years on the back of increasing business from global clients. Currently the stock of SRF is trading up by 1.2%.

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 remain range bound". 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


Mar 21, 2018 (Close)