Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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).

Energy stocks lead markets higher
Mon, 9 Aug 09:30 am

The Indian markets have started today's session on a positive note. The benchmark indices opened below the breakeven mark but soon moved into the positive territory. They have managed to stay in the positive since then. Other key Asian markets are in the green with Taiwan (up 1%) leading the pack of gainers. The US markets closed lower by 0.2% last Friday.

Currently in India, heavyweights from the BSE-Sensex are trading strong with energy majors finding investors' favour. The BSE-Sensex is trading higher by around 29 points, while the NSE-Nifty is up by about 12 points. Buying interest is also being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.7% and 1% respectively. The rupee is trading at 46.05 to the US dollar.

Financial stocks have opened the day on a strong note. Gainers here include CRISIL and ICRA. As per a leading business daily, REC plans to issue up to Rs 30 bn worth of infrastructure bonds in October this year as part of its fund-raising efforts at cheaper costs. It has got in-principle approval to issue the infrastructure bonds from the Reserve Bank of India (RBI). Once the institution gets the non banking finance company-infrastructure finance company (NBFC-IFC) status, it will approach RBI again for final approval. REC expects to get the NBFC-IFC status by the end of this week. It may be noted that after Power Finance Corporation, it will be the second company in the power sector to get this status. Besides the first trance of up to Rs 30 bn, REC may also issue a second tranche of infrastructure bonds in February, 2011.

Power stocks have opened the day on a positive note. Gainers here include Power Grid Corporation and Voltamp Transformers. As per a leading business daily, NTPC plans to expand its 3,000 mega watt (MW) Kaniha power plant by another 500 MW. It may be noted that it is already the second largest power plant in India. It is part of the massive capacity addition underway by the power major. It plans to add 4,150 MW this year and another 5,000 MW next year. Together, that will help the company come close to the capacity addition target of 17,000 MW in the current Five Year Plan. NTPC will not be able to fully meet the target as the proposed North Karnapura and Barh power plants could not come up. The company presently has a power generation capacity of 31,000 MW. Work on another 18,000 MW is in progress. Moreover, it has issued notices inviting tender for projects to the tune of another 30,000 MW.

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 "Energy stocks lead markets higher". Click here!


Stock Market Updates

Sensex Trades Over 300 Points Lower, Dow Futures Down by 128 Points (Today's Market)

May 12, 2021 12:30 pm

BSE Sensex is trading down by 328 points, while the NSE Nifty is trading down by 89 points.

Sensex Dips 300 Points, Nifty Falls Below 14,800; Godrej Consumer Zooms 10% (Today's Market)

May 12, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 325 points, while the Nifty is trading lower by 84 points.

SGX Nifty Trades Flat, Interglobe Aviation QIP, Rising Premium for Non-Life Insurers, and Buzzing Stocks Today (Today's Market)

May 12, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market 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.


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


May 12, 2021 (Close)