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 trade positively
Mon, 19 Oct 11:30 am

After opening the day on a firm note, the Indian Markets continued to trade positively. Sectoral indices are trading on a mixed note with stocks from the pharma and oil & gas sectors leading the gains.

The BSE-Sensex is trading up 66 points (up 0.2%) and the NSE-Nifty is trading up 8 points (up 0.1%). The BSE Mid Cap index and the BSE Small Cap index are also trading positively, up by 0.3% and 0.4% respectively. The rupee is trading at 64.80 to the US$.

Most of the stocks in the energy sector are trading firm with Reliance Industries and Chennai Petroleum leading the gains. As per a leading financial daily, Oil & Natural Gas Corporation (ONGC) has sought premium gas pricing for an undeveloped deep-sea block in the KG Basin where it is planning to invest US$ 6 billion. The same was decided, as top executives of the company are anxious about the viability of the project at the current oil and gas prices. The company has written to the government that the out from the KGDWN-98/2 field be given a premium over the domestic price which was too low to make the project workable.

Falling crude oil prices have led to many global economic concerns. Several global oil companies have sharply cut capital expenditure this year on the back of plunging prices. LNG prices in Asia have tumbled to US$ 6.8 per unit from a peak of about US$ 17 per unit in April last year. The drop has reduced costs of field development but not enough to make many projects viable.

One of our articles from 'The Daily Reckoning' points out some implications that falling oil prices will deliver.

Automobile stocks are also trading mixed with Tube Investments leading the gains and Tata Motors bearing maximum loss. According to an article in Economic Times, auto major Mahindra & Mahindra (M&M) is gearing up to enter the premium motorcycle segment overseas. The company is planning to enter Latin America, South East Asia and North Africa with its newly launched Mojo model. For this, the company is expecting shipments to international markets to happen by the mid of the next year.

The company has launched the 300 cc bike (Mojo model) in the domestic market at an introductory price of Rs 1.58 lakh for all bookings until Diwali. While the foray in foreign markets is planned, the company is presently focused on the domestic market.

The company has been expanding global footprint and has presence in 17 countries across South Asia, Africa, Middle East and Latin America. It exports about 3,000 units a month at present. Presently the scrip of M&M is trading down by 0.5%.

Asad Dossani's Master Series Income At Will was viewed more than 34,000 times before the videos were taken offline.

Now, during the series, Asad answered some of the toughest questions that were put out to him by his valued readers like you...

However there were many more left to be answered.

So, Rahul Goel (CEO, Equitymaster) has invited Asad Dossani for a LIVE Training Session, Tomorrow at 10AM.

During the session, Rahul plans to ask his own questions on the Income At Will strategy and invites you to send in your questions directly to Asad as well...LIVE!

However since there are very limited seats for the live event, you need to confirm your participation right away.

Click Here to Reserve your Fee Seat for a LIVE Training Session With Asad Dossani.

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 trade positively". 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


Feb 22, 2018 10:45 AM