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 strong 
(Wed, 9 Sep 09:30 am) 
 
The major Asian stock markets have opened the day on an encouraging note, with stock markets in Japan (up 5%), and Hong Kong (up 1.8%) leading the pack of gainers. The major stock indices in the European markets ended their previous session on a firm note. Even the US markets surged upwards and closed their previous session up by 2.7%. The rupee is trading at 66.33 per US dollar.

Indian stock markets also have opened the day on a firm note. BSE-Sensex is trading up by 427 points (up 1.7%) and NSE-Nifty is trading up by 132 points (up 1.7%). Both S&P BSE Midcap and S&P BSE Smallcap is trading up by 1.6% and 1.5% respectively. Major sectoral indices are witnessing buying interest with stocks from banking, metaland realty are the top gainers.

Stocks in the automobile sector have opened their day in green. According to a financial daily, Tata Motors Ltd in collaboration with Jaquar Land Rover (JLR) is planning to launch two new Sports Utility Vehicle (SUV's) under the brand name of Tata. This is the first time JLR will collaborate with Tata Motors in developing the latter's SUV. The models are likely to be rolled out by the end of the calendar year of 2016.The company has awarded contracts to three key Indian auto parts suppliers to source components for the SUV's. As per an article in Livemint, company has identified Motherson Sumi Systems for supply of wiring harness used in electrical systems and Sona Group for supply of steering systems. The article further stated that Bridgestone Tyres India will be the official tyre partner for the SUV's. Stock of Tata Motors is trading up by 1.1%.

Major stocks in the power sector have opened their day on a positive note. As per an article in Economic Times, the Union Cabinet is likely to take a call today, on increasing the fund allocation in relation to grid connected solar rooftops. The proposal has sought to increase the fund allocation to Rs 50bn from Rs 6bn. The government has set a target of 40,000 Megawatt (MW) of grid connected solar power generation capacity by 2022 under the National Solar Mission. The government is providing financial assistance of 15% of the benchmark cost for installation of grid connected rooftop solar systems.

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 strong". Click here!

  
 

S&P BSE POWER


Apr 27, 2017 12:15 PM

S&P BSE POWER 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS