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 stagnate
Wed, 18 Sep 01:30 pm

Indian share markets continued to trade in a narrow range-bound manner in the post-noon trading session. Majority of the sectoral indices are trading in the green with realty, FMCG and pharma stocks being the biggest gainers. Only Metal, auto and IT are among the few stocks trading in the red.

BSE-Sensex is up 33 points and NSE-Nifty is trading marginally up. BSE Mid Cap is trading up 0.2% and BSE Small Cap index is trading up 0.1%. The rupee is trading at 63.1 to the US dollar.

Mining stocks are trading mixed, with Coal India Ltd (CIL) and Metals and Minerals Trading Corporation of India Ltd. (MMTC) being the major gainers and Gujarat NRE Coke and National Mineral Development Corporation (NMDC) being the major losers. As per a leading financial daily, CIL has identified 126 projects having an estimated capacity of 438 m tonnes to be implemented in the 12th Five-Year Plan (2012-17). As per the company, 60 of these projects will contribute around 88 m tonnes in the terminal year 2016-17 of the Five-Year Plan. Out of the 126 projects, preliminary reports for 78 have already been formulated whereas four projects having an estimated capacity of 12.5 m tonnes have been sanctioned. CIL will operate on the projects in the mine-develop-operate (MDO) mode. In FY13, CIL reported a 3.8% rise in coal production to 452.2 m tonnes. CIL stock is trading up by 1.3%.

As per a leading financial daily, the government has raised the custom duty on gold and silver jewellery by 5% to 15%. The government had earlier increased the import duty on primary gold and primary silver to 10%. This had led to diminished duty differential between bullion and jewellery hurting the domestic jewellery industry as imported jewellery is machine-made and cheaper. Also after the Reserve Bank of India's 80:20 norms, under which 20% of the imported gold has to be re-exported, traders were exploring the possibility of importing jewellery to circumvent the rule. The latest upward revision on jewellery imports is expected to plug the loophole and shield the domestic jewellery industry.

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 stagnate". Click here!

  

Related Views on News

COAL INDIA Announces Quarterly Results (2QFY21); Net Profit Down 16.3% (Quarterly Result Update)

Nov 25, 2020 | Updated on Nov 25, 2020

For the quarter ended September 2020, COAL INDIA has posted a net profit of Rs 30 bn (down 16.3% YoY). Sales on the other hand came in at Rs 212 bn (up 3.8% YoY). Read on for a complete analysis of COAL INDIA's quarterly results.

COAL INDIA 2019-20 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of COAL INDIA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of COAL INDIA. Also includes updates on the valuation of COAL INDIA.

COAL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 55.1% (Quarterly Result Update)

Sep 23, 2020 | Updated on Sep 23, 2020

For the quarter ended June 2020, COAL INDIA has posted a net profit of Rs 21 bn (down 55.1% YoY). Sales on the other hand came in at Rs 185 bn (down 25.9% YoY). Read on for a complete analysis of COAL INDIA's quarterly results.

COAL INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Jul 22, 2019 | Updated on Jul 22, 2019

Here's an analysis of the annual report of COAL INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of COAL INDIA. Also includes updates on the valuation of COAL INDIA.

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

5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS