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

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

  • MyStocks


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

Indian markets open strong
Fri, 18 Sep 09:30 am

The major Asian stock markets have opened the day in green. Stock markets in Singapore, China and Hong Kong are up by 0.7%, 0.5% and 0.4% respectively. The major stock indices in the European markets ended the day in green. However the benchmark indices in UK ended the previous session down by 0.7%. The benchmark stock indices in US ended their previous session up by 0.1%. The rupee is trading at 66.19 per US dollar.

Indian stock markets have surged upwards owing to the US Federal Reserves' s decision to postpone the hike in interest rates. BSE Sensex is trading up by 260 points (up 1%) and NSE-Nifty is trading up by 80 points (up 1%). Both BSE Mid Cap and BSE Small Cap have moved upward. Both the indices are trading up by 1.1% and 1% respectively. Sectoral indices have opened the day on a positive note with stocks from pharmaceutical, capital goods and banking sector witnessing maximum buying interest.

As per an article in Livemint, overseas arm of Oil and Natural Gas Corporation (ONGC); ONGC Videsh Ltd (OVL) has shown interest in acquiring another 10% stake in Russia's second largest oil-field (by production). The oilfield is owned by OAO Rosneft. If the additional stake is acquired, total stake of OVL in the oilfield will be around 25%. The stake purchase will enhance India's efforts in the area of energy security. OVL is also considering another acquisition opportunities in Russia. Rosneft claims to have the world's lowest production cost of oil at $ 2.8 per barrel. The article stated that earlier this month, OVL said that it was buying a 15% stake in Rosneft for $1.26bn. At that price, the additional 10% stake will be valued at around $840m. The stock of ONGC is trading up by 0.5%.

As per an article in Economic Times, Tata Steel Ltd will sell shares of the automaker Tata Motors Ltd worth up to $188m, according to a term sheet of the deal seen by Reuters on Friday. The shares are being offered in the range of Rs 324.50-338.05 each. The lowest price in the range; represents a discount of up to 4% to their closing price on September 16th. The stock of Tata Steel is trading up by 1.1%. However Tata Motors is trading down by 2.7%.

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 markets open strong". Click here!


Views on News

Inflation & Your Investments (Fast Profits Daily)

Mar 4, 2021

Inflation is the buzz word in the world of finance these days. It impacts all of us. Here's how it affects your investments.

What India's Positive GDP Reading Means for Your Equity Mutual Fund Investments (Outside View)

Mar 4, 2021

Given the risks involved, we may witness a sort of 'W-shaped' recovery wherein we would dip again before moving up, explains Rounaq Neroy in this edition of the Daily Wealth Letter.

I'm Back to Where It All Started (Profit Hunter)

Mar 4, 2021

Join us in welcoming research analyst, Aditya Vora, to Equitymaster.

Dollar at 80? (Fast Profits Daily)

Mar 3, 2021

Can the rupee depreciate to 80 against the US dollar? In this video, I'll show you what the charts say.

Motilal Oswal Asset Allocation Passive Fund of Fund: Aims to Benefit from Investing in Multi-Asset Passive Funds (Outside View)

Mar 3, 2021

PersonalFN analyses the features of Motilal Oswal Asset Allocation Passive Fund of Fund and explains the potential this fund has to offer to its investors.

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.

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.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...


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


Mar 4, 2021 (Close)