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 recoup losses
Wed, 17 Dec 01:30 pm

Indian share markets recovered early losses in the post-noon trading session and are trading positive. Majority of the sectoral indices are trading in the red with FMCG and pharma being the biggest losers. Metal and banking are among the few stocks trading positive.

BSE-Sensex is up 58 points and NSE-Nifty is trading 3 points up. BSE Mid Cap is trading 0.1% up and BSE Small Cap index is trading down by 0.5%. The rupee is trading at 63.54 to the US dollar.

Energy stocks are trading mixed with Gujarat State Petronet and Oil and Natural Gas Corporation Ltd (ONGC) being the biggest gainers whereas Cairn India and Chennai Petroleum are trading in the red. As per a leading financial daily, ONGC has made a new discovery in Cauvery basin. The block is jointly held by ONGC and Bharat Petroresources Ltd (BPRL), the upstream subsidiary of Bharat Peroleum Corporation Ltd (BPCL) in the ratio of 60:40. The exploration well showed that natural gas in the block flowed at the rate of 61,800 cubic meters per day and the presence of condensate at the rate of 9.6 cubic meters per day. This is the second hydrocarbon discovery made by ONGC in NELP-IV block. ONGC stock is trading up 1.8%.

Majority of the media stocks are trading negative with Broadcast Initiatives and Compact Disc being the biggest losers whereas Sun TV and Balaji Telefilms are among the few stocks trading in the green. As per a leading daily, leading media company Jagran Prakashan has acquired Music Broadcast Pvt Ltd in all-cash deal. Music Broadcast Pvt Ltd runs the popular Radio City FM stations. As per the company the deal will catapult it to a leadership position in radio industry and benefit it from rapid growth in radio advertising. The acquisition will be funded through internal accruals and investments. Radio City operates 20 FM stations in seven states and is present in Delhi, Mumbai, Bengaluru and Lucknow with a subscriber base of 10.8 m. Jagran Prakashan stock is trading down 2.3%.

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 recoup losses". 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 17, 2018 (Close)