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 
(Wed, 16 Sep 09:30 am) 
 
The major Asian stock markets have opened the day in green. Stock markets in Hong Kong, Japan and Singapore are up by 1.1%, 0.7% and 0.7% respectively. The major stock indices in the European markets ended the day on an encouraging note too. The rupee is trading at 66.43 per US dollar.

Indian stock markets have surged upwards. BSE Sensex is trading up by 177 points (up 0.7%) and NSE-Nifty is trading up by 46 points (up 0.6%).Both BSE Mid Cap and BSE Small Cap too have too opened on an encouraging note, with both the indices trading higher by 0.6% each. Major sectoral indices have opened the day on a positive note with stocks from pharmaceutical capital goods sector and information technology (IT) sector in maximum demand.

As per an article in Livemint, India's merchandise exports contracted for the ninth month in a row in August. Lower shipment of petroleum products because of low crude prices and weak global economic recovery led to contraction in exports. The data revealed that the exports contracted by 20.7% during the month of August. The article further stated that the dip in exports was driven mainly by a 48% drop in shipments of petroleum products. Among other major items, shipments of gems and jewellery and pharmaceutical grew by 2.7% and 6% respectively. However engineered goods and electronics goods contracted by 29.1% and 17.4% respectively. In all shipments of 23 out of 30 commodity groups contracted during August.

Stocks in the automobile sector are trading on a positive note. As per an article in Economic Times, Tata Motors has revealed its expansion plans for its truck and buses business in international market. The company is planning to open three new assembly plants for its medium and small trucks this year. The new assembly plants will be set up this year at Nigeria, Mauritius and Vietnam. The company will be spending around Rs 1.2-1.5bn in the process. The company is also planning to start assembling its Prima range of products outside India. Currently the company manufactures Prima only in India and exports it as a completely built vehicle. Stock of Tata Motors is trading up by 1.1%.

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!

  
 

S&P BSE SENSEX


May 26, 2017 (Close)

MARKET STATS