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?  

Smallcaps outshine the markets
Tue, 23 Aug 11:30 am

Indian stock market indices have been trading in the red over the past two hours of trade led by persistent selling across index heavyweights. Auto and Oil & Gas stocks are dragging the markets, while IT and Consumer Durables have managed some gains in trade so far.

The BSE- Sensexis down by 60 points and NSE- Nifty is down by 10 points. BSE Midcap and BSE Small cap indices are up by 0.2% and 0.4% respectively. The rupee is trading at 45.70 to the US dollar.

Power stocks are trading in the red on heavy selling witnessed in Coal India and NTPC. India's largest power generator, NTPC has been facing obstacles in new projects in the form of gas shortage and legal tussles over tenders. The power company is preparing a backup plan to avoid missing on its capacity expansion targets. As per the management, the company intends to achieve its objective of planned capacity expansion as well as the capital expenditure. NTPC is exploring the option of expanding its power plants if the proposed projects fail.

It may be noted here that the capacity addition by NTPC is crucial for the whole country as decided under in the 12th plan. NTPC is expected to add 25,000-30,000 MW of capacity in the next 5 years. The total target under the 12th Plan is 0.1 m MW.

Aluminium stocks are witnessing some selling pressure. Both Hindalco and NALCO are trading in the red. India's state run National Aluminium Company (NALCO) has received approval from the union coal ministry to mine a coal block in Orissa. The allocation was made for NALCO's Utkal coal block at Angul, about 161 km from Bhubaneswar. The block covers an area of around 212 hectares and has an estimated coal reserve of 70 m tons. The coal will be used by the company for its captive power plant which supplies power to its aluminium smelter. The scheduled commencement from Utkal coal block was already delayed due to problems pertaining to environment clearances and land acquisition. The company hopes to quickly sign the mining lease with the state government and start production from the coal block.

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 "Smallcaps outshine the markets". Click here!


Stock Market Updates

DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:08 PM

HIMADRI SPECIALITY CHEMICAL share price is trading down by 11% and its current market price is Rs 55. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are RCF (up 20.0%) and MMTC (up 20.0%). The top losers is HIMADRI SPECIALITY CHEMICAL (down 11.3%).

TV18 BROADCAST Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 02:52 PM

TV18 BROADCAST share price is trading up by 13% and its current market price is Rs 33. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 12.7%) and JUST DIAL (up 13.1%). The top losers are SHILPA MEDICARE and SOBHA .

RITES Share Price Up by 7%; BSE CAPITAL GOODS Index Up 1.5% (Today's Market)

Mar 1, 2021 02:52 PM

RITES share price is trading up by 7% and its current market price is Rs 263. The BSE CAPITAL GOODS is up by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are RITES (up 6.7%) and GRINDWELL NORTON (up 5.8%). The top losers are SADBHAV ENGINEERING (down 0.1%) and HINDUSTAN AERO. (down 0.2%).

MRPL Share Price Up by 9%; BSE OIL & GAS Index Up 1.9% (Today's Market)

Mar 1, 2021 02:52 PM

MRPL share price is trading up by 9% and its current market price is Rs 45. The BSE OIL & GAS is up by 1.9%. The top gainers in the BSE OIL & GAS Index are MRPL (up 9.3%) and CASTROL INDIA (up 5.1%). The top losers is PETRONET LNG (down 1.8%).

Sensex Rallies 600 Points in Opening Trade; Power Grid & Tech Mahindra Top Gainers (Today's Market)

Mar 1, 2021 09:30 am

The BSE Sensex opened up by 620 points while the Nifty is trading higher by 165 points.

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


Mar 1, 2021 03:36 PM