X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 19th & 20th October 2017.
We wish all our readers a very Happy Diwali!

Indian share markets open firm
Wed, 12 Sep 09:30 am

The key Asian stock markets have opened the day on in green with markets in Hong Kong (up 0.8%) and South Korea (up 1.5%) leading the gains in the region. However, the markets in Malaysia (down 0.1%) have opened in red. The Indian share market indices have opened the day on a firm note. Barring technology, the other sectoral indices are trading in green with stocks in the realty and banking sector leading the gains.

The Sensex today is up by around 59 points (0.3%), while the NSE-Nifty is up by around 14 points (0.3%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.6% each. The rupee is trading at Rs 55.26 to the US dollar.

Aluminium stocks have opened the day on a firm note with Hindalco Industries and National Aluminium Corperation Limited (Nalco) leading the gains. As per a leading financial daily, Hindalco has planned a capital expenditure of Rs 100 bn for its green field as well as brown field projects for the fiscal year 2012-13 (FY 2013). As per the management, the company strategic expansions in Brazil, South Korea and the US are on track. It has also ventured into China with a plant that will initially focus on automotive sheet finishing capabilities. With this, the management expects the company to solidify its global automotive leadership position. It has said that its strategic investments at Novelis in global recycling facilities will ensure metal supply and optimization of overall cost base.

Telecom stocks have opened the day on a mixed note with Tata Communications Ltd and Tata Teleservices Ltd leading the gains while Idea Cellular and Reliance Communications are witnessing losses. As per a leading financial daily, the mobile phone subscriber numbers of the country's largest GSM operators, Bharti Airtel, Vodafone and Idea Cellular have fallen for the first time in over a decade in the month of August. This has come as another blow to the country's telecom story. It is to be noted that while telecom regulator is yet to release the August subscriber data, the three GSM operators that account for 67% of the sector revenues are expected to have jointly lost about 5 million customers. The trio had added a total of 3.16 million subscribers in July 2012 and 4.42 million in June 2012.

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

Equitymaster requests your view! Post a comment on "Indian share 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 SENSEX


Oct 18, 2017 (Close)

MARKET STATS