Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

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

Indian share markets open in the green
Wed, 17 Sep 09:30 am

The major Asian stock markets have opened mainly in the green with the markets in Hong Kong (up 1.1%) and Taiwan (up 1.1%) leading the gains. The Indian share markets have opened the day on a positive note. The sectoral indices are trading mixed with software and consumer durables stocks leading the gains. However, power and oil and gas indices have opened in the red.

The Sensex today is trading higher by around 45 points (0.2%), while the NSE-Nifty is up by about 18 points (0.2%). While mid cap stocks have opened flat, small cap stocks are trading firm with the BSE Small Cap index up by around 0.3%. The rupee is currently trading at Rs 61.02 to the US dollar.

Auto stocks have opened the day on a mixed note with Tube Investments and Maruti Suzuki Ltd leading with losses. However, Escorts Ltd and Force Motors Ltd were leading the gains. As per a leading financial daily, Mr. Mayank Pareek, the Chief Operating Officer (sales & marketing), Maruti Suzuki has put in his papers after serving the company for over two decades. He is a well known as the face of Maruti Suzuki and has been associated with the firm at a time when its market share peaked to its highest for the past five years. His resignation has come ahead of the company's premium sedan, Ciaz's launch, slated in October and at a time when the company is preparing to enter the light commercial vehicle segment. Further, as per the reports, Mr Pareek is likely to move to a rival company.

Indian Pharma stocks have opened the day on a mixed note with Aurobindo Pharma Ltd and Ranbaxy Laboratories Ltd leading the gains. However, J.B Chemicals Ltd and Torrent Pharma Ltd were leading the losses. As per a leading financial daily, Lupin Ltd has entered into a long-term strategic partnership with Merck Serono, the biopharmaceutical division of Merck, for executing the latter's general medicines portfolio expansion initiative in emerging markets. It will be a 10 year long agreement which couldn be renewed. As per the agreement, Lupin will develop products, provide product dossiers and supply finished products to Merck Serono. The latter will then market the products, leveraging its strong commercial and medical teams in emerging markets to bring new medicines in its portfolio to customers. In return, Lupin will receive upfront and milestone based licensing fee. None of the companies has released any financial details of the transaction. The company is also looking at expanding its presence in Russia, Turkey and China, though no definite plan is in place at the moment for the latter.

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 "Indian share markets open in the green". Click here!

  

Views on News

ITI Mid-Cap Fund: Investing in Potential Midcap Companies for Growth (Outside View)

Feb 26, 2021

PersonalFN analyses the features of ITI Mid-Cap Fund and explains the potential this fund has to offer to its investors.

NSE Glitch: Why Did the Market Go Up? (Fast Profits Daily)

Feb 26, 2021

In today's video, I'll discuss why thew stock market went up on Wednesday, 24 February 2021, when the NSE had to shut trading due to a technical glitch.

My Personal Checklist for Your Trading Success (Profit Hunter)

Feb 26, 2021

You my personal trading checklist and you will be well on your way to making it big as a trader.

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.

Refresh Your Investment Portfolio in 2021 to Align with Your Financial Goals (Outside View)

Feb 25, 2021

Timely review of your investment portfolio is the key, to enable stable returns and work towards your envisioned financial goals during various market phases.

More Views on 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.

More

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

S&P BSE SENSEX


Feb 26, 2021 (Close)

MARKET STATS