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?  

Indian share markets open firm
Fri, 17 Aug 09:30 am

Asian stock markets have opened the day on a mixed note with stock markets in Japan (up 0.6%), Hong Kong (up 0.5%), and Indonesia (up 0.5%) leading the gains in the region. However, markets in South Korea (down 0.8%), China (down 0.1%) and Taiwan (down 0.1%) are facing selling pressure. The Indian share market indices have opened the day on a firm note. Stocks in the auto, power and FMCG space are leading the gains.

The Sensex today is up by around 81 points (0.5%), while the NSE-Nifty is up by around 20 points (0.4%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.5% and 0.6% respectively. The rupee is trading at Rs 55.75 to the US dollar.

PSU bank stocks have opened the day on a firm note with Oriental Bank, Andhra Bank and Dena Bank leading the gains. As per a leading financial daily, public sector lender Union Bank of India is planning to seek capital infusion of about Rs 9.5-10 bn from the government in the current financial year 2012-13 (FY13). The reason for the capital requirement is to strengthen the capital base to meet Basel-III norms and also to prop up business growth. The bank reported a capital adequacy ratio (CAR) of 11.6% at the end of the quarter ended June 2012. In FY13, the bank expects its business to register a growth of about 18-19% year-on-year (YoY). While it expects advances to grow by 18% YoY, it expects deposits to increase by 15% YoY. It must be noted that the bank had asked for Rs 6.5 bn in the financial year 2011-12 (FY12) but the same was not granted.

Oil and gas stocks have opened the day on a firm note with Hindustan Petroleum Corporation Ltd (HPCL), Cairn India and Bharat Petroleum Corporation Ltd (BPCL) leading the pack of gainers. State-run Oil and Natural Gas Corporation (ONGC) is planning to sell 26% stake in KG-DWN-2004/6 block in the Krishna-Godavari basin to Inpex Corporation, a Japanese firm engaged in the energy supply business on a global scale. The deal for the exploration block has been structured in a way that Inpex will pay ONGC what it has spent on the block in the past proportionately. In addition, it will also meet future expenses according to its share. Currently, ONGC is the block operator with 60% stake. Post the deal, ONGC will hold 34% stake in the block. The other partners in the block which includes PSU players such as Gujarat State Petronet Corporation (GSPC), HPCL, Oil India and Gas Authority of India Ltd (GAIL) hold 10% stake each. The costs are equally shared between all partners. It must be noted that ONGC is looking at selling stakes in other blocks also.

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 "Indian share markets open firm". Click here!


Stock Market Updates

Nifty is Weak but Smallcaps Can Outperform (Today's Market)

Feb 27, 2021 Momentum Moves

In this edition if Momentum Moves, I'll show you why the Nifty is weak and could head to 14,000. On the other hand, smallcaps are looking good.

Bloodbath on Dalal Street: 6 Reasons Why Sensex Nosedived 1,939 Points Today (Today's Market)

Feb 26, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.


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


Feb 26, 2021 (Close)