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 share markets remain volatile
Tue, 25 Sep 01:30 pm

Indian share markets recouped losses and traded above the dotted line in the post-noon trading session. Majority of the sectoral indices are trading positive with FMCG, capital goods and pharma stocks leading the pack of gainers. Metal, auto and oil & gas stocks are among the few languishing in red.

BSE-Sensex is up 42 points and NSE-Nifty is trading up 9 points. Both BSE Mid Cap and BSE Small Cap indices are up 0.3%. The rupee is trading at 53.4 to the US dollar.

Mining stocks are trading mixed with Sesa Goa and Metals and Minerals Trading Corporation of India Ltd. (MMTC) being the biggest losers and National Mineral Development Corporation (NMDC) and MOIL being the biggest gainers. As per a leading financial daily, in a bid to increase coal production Coal India is scaling up mechanization in its existing underground mines. The company has said that for augmentation of underground production, manual mines are being converted to semi-mechanized board and pillar mining with load haul dumper and side discharge loader and fully mechanized mass production technology with continuous miner and power support longwall, in phases. Reportedly, the company could meet only 91% of its production target during April-August 2012 which was also marginally lower than the corresponding output last year. The company is also contemplating at outsourcing its greenfield open-cast mines and washeries to private companies in order to shore up production. Coal India has identified 13 opencast greenfield projects with 65 m tonnes (mt) capacity and four washeries accounting for 22.5 mt to be given to mine development operators. Coal India has set a target to mine 615 mt in the terminal year of 12th Plan (2016-17), up from 436.10 mt in 2012-13. Coal India stock is marginally down.

Engineering stocks are trading strong led by Everest Kanto Cylinder and Crompton Greaves. According to a leading financial daily, Bharat Heavy Electricals Limited (BHEL) may buy a European metro rail technology company for US$ 500 m. For this, BHEL plans to use some of its cash reserves that totally amount to US$ 1.3 bn and also raise debt. We may note here that BHEL is looking at expanding its transportation business and wants to benefit out of the plan to build metro-rail networks in several Indian cities. In the wake of slowing power business, the country's largest power equipment maker is seeking ways to revive its business and profitability.

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 share markets remain volatile". 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


Mar 20, 2018 (Close)