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 equity markets trade flat
Mon, 31 Dec 11:30 am

Indian equity markets continued to trade flat over the previous two hours of trade. Realty and Metal stocks witnessed maximum buying interest while FMCG and IT stocks witnessed maximum selling pressure.

The Sensex today is up by 3 points, while the NSE- Nifty today is up by 1 point. BSE Mid Cap index and the BSE Small Cap index are up by 0.30% and 0.51% respectively. The rupee is trading at 54.78 to the US dollar.

Energy stocks are trading in the green led by Essar Oil and Mangalore Refin. & Petrochem. Ltd (MRPL). According to a leading financial daily, Gujarat Gas Company Limited (GGCL) has entered into an agreement with state-run Gujarat State Petroleum Corporation Ltd (GSPC) for purchase of 1.1 million standard cubic meters per day (mmscmd) of re-gasified LNG (RLNG) during January. Against its monthly gas requirement of 3 mmscmd, GGCL buys about 1.5 mmscmd of RLNG from spot market, while rest of the requirement is met through domestic gas supplies from its long-term suppliers including Gas authiority of India Ltd (GAIL) and Cairn India. The company is also adding new geographical areas for domestic and industrial gas distribution. They added over 58 kms of gas pipeline around Surat district including areas such as Bardoli, Abrama, Sachin, Olpad etc. Also, they have opened 8 CNG stations during the year.

Power stocks are trading strong led by PTC Limited and Reliance Infra. According to a leading daily, power ministry of India is prepared for Rs 120 bn divestment plan of National Thermal Power Corporation (NTPC). However, it is waiting for procedural clearances regarding re-allocation of coal blocks to NTPC before going ahead with the divestment plan. Post the re-allocation NTPC is expected to fetch better valuations. We may note here that the government has decided to re-allocate three coal blocks to NTPC which are Chatti-Bariatu, Kerandari and Chatti-Bariatu (South). Earlier, these were taken back from NTPC on the ground of delays in developing them.

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 equity markets trade flat". 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 23, 2018 (Close)