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 share markets open flat 
(Wed, 25 Jun 09:30 am) 
 
Barring Singapore (up 0.1%) and Hong Kong (up 0.1%), major Asian stock markets have opened on a weak note with South Korea (down 0.6%) and Japan (down 0.6%) leading the losses.

The Indian share markets have opened the day on a flat note. The sectoral indices have opened mixed with stocks in banking and FMCG sector facing maximum selling pressure. However, auto and software stocks were leading the gains.

The Sensex today is up by around 12 points (0.1%) , while the NSE-Nifty is up by around 2 points . The midcap and smallcap stocks have opened in the green with BSE Mid Cap and BSE Small Cap indices up by around 0.4% and 0.3% respectively. The rupee is currently trading at Rs 60.31 to the US dollar.

Power stocks have opened the day on a mixed note with Reliance Infrastructure Ltd and Neyveli Lignite Ltd leading the gains. However, KSK Energy Ltd and Power Grid Corporation of India Ltd were leading the losses. As per a leading financial daily, India's largest electricity trader PTC India plans to venture into power generation. The company is seeking to own and operate power generation assets through its subsidiary PTC Energy. The management is confident of debottlenecking in the power sector with Modi Government at the centre. The company may commission solar and wind projects on its own or form joint ventures to set up thermal power plants. The management has not ruled out investing more in PTC Energy or likelihood of listing it in future.

Steel stocks have opened the day on a firm note with Adhunik Metaliks Ltd and Tata Sponge Ltd leading the gains. As per a leading financial daily, Steel Authority of India Ltd (SAIL) is likely to exit the Rs 350 bn revival project for the Sindri fertiliser plant in Jharkhand on account of delays in land acquisition. The company had plans to set up a new 1.15 million tonnes per annum (MTPA) fertiliser plant, a 5.6 MTPA capacity steel mill and a 1,000 MW power plant. However, because of land acquisition issues, the investment plans are facing obstacles. Apart from that, funding is also an issue for the company with other commitments to fulfill. The final decision is yet to be taken on the matter.

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 share markets open flat". Click here!

  
 

S&P BSE METAL


Apr 25, 2017 12:00 PM

S&P BSE METAL 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS