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


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

Indian markets remain weak
Mon, 21 Sep 01:30 pm

Indian Indices recouped early losses but are still trading below the dotted line in the post noon trading session. Sectoral indices are trading mixed with stocks from the banking and aluminum sectors leading the gainers. However, FMCG stocks are witnessing maximum selling pressure.

The BSE-Sensex is trading down 36 points (down 0.1%) and the NSE-Nifty is trading down 9 points (down 0.1%). The S&P BSE Midcap index is trading up 0.3% and the S&P BSE Smallcap index is trading up 0.9%. Commodity prices are trading on a positive note. Gold prices, per 10 grams, are trading at Rs 26,506 levels. Silver price, per kilogram is trading at Rs 36,106 levels. Crude oil is trading at Rs 3,029 per barrel. The rupee is trading at 65.63 to the US dollar.

Energy stocks are trading on a mixed note with Gujarat Gas Ltd and Gulf Oil Lubricants witnessing maximum selling pressure. According to a financial daily, state-run oil refiner Bharat Petroleum Corporation (BPCL) is all set to start its work on the petrochemicals complex in Kochi with all green clearances in place and securing a Rs 40 bn loan from State Bank of India. This Kochi petchem project is part of the Rs 1 trillion capex planned for the next five years out of which Rs 400 bn will be spent on refining capacity addition alone. The Kochi refinery currently produces petrochemical feed stocks such as benzene, toluene and propylene. Stock of BPCL is trading flat.

Stocks in the power space are trading positively with Torrent Power Ltd and CESC Ltd leading the gainers. As per an article in Livemint, NTPC Ltd has reported that its shareholders have approved the proposal to raise Rs 50 bn through issuance of bonds or debentures on private placement basis. The company had tabled a special resolution for the same in its annual general meeting held on 18 September. Moreover, in a separate filing, the company said the shareholders have approved final dividend of Rs 1.75 per share for the financial year 2014-15. Scrip of the company is presently trading down by 0.2% on the BSE.

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 markets remain weak". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Jan 19, 2018 (Close)