X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian stock markets trade firm 
(Wed, 2 Nov 01:30 pm) 
 
Indian stock markets indices have been trading firm over the last two hours of trade. All the sectors were trading in the green with pharma and Energy stocks witnessing maximum buying interest.

The BSE-Sensex is up by 78 points, while the NSE-Nifty is up by 24 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.33% and 0.14% respectively. The rupee is trading at 49.23 to the US dollar.

As per a leading financial daily, Sun Pharmaceutical Industries' subsidiary has received USFDA's approval to market generic version of Cardizem CD, Diltiazem HCI extended-release capsules. The company has said that these capsules are equivalent to Valeant International's, Cardizem CD, the sales of which in US is about US$ 300 m.

Separately, the company has suggested that the new pharmaceutical policy by India that aims to bring more essential drugs under the price control regime is a negative development and may create distortions, impacting financials and subsequently the product offering. The policy will regulate the prices of at least 400 drugs (versus 34 currently) and seeks to control at least 60% of the drugs in the market. The stock was trading in the green.

Aluminium stocks have been trading mixed with Hindalco trading in the green and NALCO in the red. As per a leading financial daily, NALCO has issued a tender to export 9,000 tonnes of aluminium ingots. As per the company management, the shipment will be in six batches of 1,500 tonnes each from November to April. The last date for submission of bids is Nov 9. The company has sold 7,500 tonnes of aluminium ingots in the last month. It has commanded a premium of US $97 per tonne over the average LME cash price on a cost, insurance and freight basis.

Besides, the company has recently signed an agreement for setting up a half-a-million tonne per annum aluminium smelter and a 1,250 mw coal-based power plant in Indonesia. This would need an investment of about US $4.5 bn.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian stock markets trade firm". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jul 21, 2017 (Close)

MARKET STATS