X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian markets open firm 
(Thu, 27 Aug 09:30 am) 
 
The major Asian stock markets have opened the day on an encouraging note. Stock markets in Hong Kong, Japan and China are up 2.5%, 1.9% and 1.4% respectively. The European stock market ended their previous session on a disappointing note. However the stock market in US ended their previous session on a robust note, the US benchmark indices closed higher by 4.1% yesterday. The rupee is trading at 65.87 per US dollar.

Indian stock markets have opened the day on a strong note owing to positive global cues. BSE-Sensex is trading up by 277 points (up 1.1%) and NSE-Nifty is trading up by 104 points (up 1.3%). BSE-midcap and BSE-small cap are too in demand. Both S&P BSE Midcap and S&P BSE Smallcap are trading up by 1.4%and 1.8% respectively. Sectoral indices have opened the day on a positive note with stocks from pharmaceutical, metals and banking sector being the leading gainers.

Major stocks in the telecom sector have opened their day in red. Bharti Airtel has bought 'Augere' a company that owns 4G spectrum in Madhya Pradesh and Chhattisgarh. Airtel has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband India Private Ltd at an undisclosed amount. The acquired company holds 20 MHz (megahertz) of broadband wireless access spectrum in the telecom circle of Madhya Pradesh and Chhattisgarh. The acquisition will give Bharti the right to use 2300 MHz spectrum in a total of nine circles. Reportedly it is believed, Airtel has spent Rs 1300 m to buy Augere. Airtel has already rolled out its 4G services in more than 300 cities. As per an article in Livemint, the data market in Madhya Pradesh and Chhattisgarh is estimated to be valued around $ 200m. The stock of Bharti Airtel is trading up by 2%.

Stocks in the power sector have opened their day on a negative note. A tripartite agreement (TPA) between Reserve Bank of India (RBI), the Union government and the state governments, which provided comfort or guarantee to power generators against payment default by State Electricity Board (SEB) will lapse in October 2016. If SEBs defaulted in their payments to power generators, the states would risk a deduction from its annual transfers which they receive from the central or union government. National Thermal Power Company (NTPC) which has a 17% share of Indias power generation capacity is lobbying the government to extend the agreements. An executive of NTPC stated, the centeral government has assured them that the TPAs will be renewed. The tripartite agreements were inked based on the recommendations of a committee headed by the Montek Ahluwalia. The stock of NTPC is trading down by 0.2%.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian markets open firm". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE TECK


Jul 27, 2017 (Close)

MARKET STATS