Indian Stock Markets Finish the Week on a Flat Note

Share Markets in India finished the trading day on a flat note with negative bias on account of selling in frontline blue chip stocks like Axis Bank, ICICI Bank and Hindustan Unilever.  

At the closing bell, the BSE Sensex stood lower by 27 points, while the NSE Nifty finished flat. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.7% respectively.

Sectoral indices ended on a mixed note. The software stocks & the bank stocks witnessed maximum buying interest while losses were largely seen in energy stocks & BSE metal stocks.

The rupee was trading at Rs 64.59 against the US$ in the afternoon session. Oil prices were trading at US$ 48.69 at the time of writing today’s market.

Indian Oil Corporation share price surged 3.5% as the company signed a memorandum of understanding to supply petroleum products to Nepal Oil Corporation (NOC) for a further five years.

For more details, see the IOC company fact sheet and quarterly results. For a sector overview, read our energy sector report.

In another development, Oil & Natural Gas Corp (ONGC) and Bharat Petroleum Corporation ltd (BPCL) are set to overtake Reliance Industries in overseas fund raising in FY17.

ONGC share price and BPCL share price finished up by 0.3% and 1.3% respectively. 

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Stock Markets Finish Firm

Share Markets in India finished the trading day on a positive note on account of buying in frontline blue chip stocks like SBI, ICICI Bank and Bharti Airtel.  

At the closing bell, the BSE Sensex stood higher by 122 points, while the NSE Nifty finished up by 43 points. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.2% and 0.3% respectively.

Sectoral indices ended on a mixed note. The consumer durables stocks & the bank stocks witnessed maximum buying interest while losses were largely seen in real estate stocks, automobiles stocks, and Indian pharma stocks.

The rupee was trading at Rs 64.59 against the US$ in the afternoon session. Oil prices were trading at US$ 48.69 at the time of writing today’s market.

Bharti Infratel share price rallied 5.4% after a consortium of global private equity firms KKR and Canada Pension Plan Investment Board (CPPIB) bought 10.3% stake in tower infrastructure firm from open market. The consideration from stake sale is Rs 68.1 billion.

For more details, see the Bharti Infratel company fact sheet and quarterly results. For a sector overview, read our telecom sector report.

BSE Bankex stocks finished the trading day on a firm note with SBI share price and ICICI Bank share price leading among the gainers.   

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Stock Markets Finish on a Firm Note

Share Markets in India continued to flourish in green in late afternoon session on account of buying in frontline blue chip stocks. 

At the closing bell, the BSE Sensex stood higher by 172 points, while the NSE Nifty finished up by 56 points. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.6% respectively.

Bank stocks and autombiles stocks were among the top gainers today.

Meanwhile, here is a list of BSE gainers today.

The rupee was trading at Rs 65.09 against the US$ in the afternoon session. Oil prices were trading at US$ 48.15 at the time of writing share market news.

Axis Bank share price surged 3.3% in today’s trade after its board of directors passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to US$10 million under the medium term note (MTN) program through its Dubai International Financial Centre (DIFC) branch. The capital will be raised through its Dubai International Financial Centre branch. 

For more details, see the Axis Bank company fact sheet and quarterly results. For a sector overview, read our banking sector report.

Indian pharma stocks finished the trading day on a firm note with Aarti Drugs share price and Torrent pharma share price leading among the gainers.   

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Share Markets Finish in Red

Share Markets in India continued their weak trade in late afternoon session on account of selling in front line bluechip stocks. 

At the closing bell, the BSE Sensex stood lower by 188 points, while the NSE Nifty finished down by 63 points. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished down by 0.3% and 0.1% respectively.

Metal stocks and oil & gas stocks were among the top losers today.

 
Meanwhile, here is a list of BSE gainers today.

The rupee was trading at Rs 65.09 against the US$ in the afternoon session. Oil prices were trading at US$ 47.61 at the time of writing share market news.

SBI share price finished up by 1.1% in today’s trade after the bank received its board approval to dilute 10% of its stake in the life insurance venture SBI Life through public offer. Of the 10% stake on offer in SBI Life Insurance Company, 8% will be sold via an offer for sale, while the remaining will be fresh issuance of shares. 

For more details, see the SBI company fact sheet and quarterly results. For a sector overview, read our banking sector report.

Bank (PSU) stocks finished on a firm note with Bank of India share price and PNB share price leading the gains.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Sensex Closes Firm; NTPC Surges 2.3%

Indian share markets continued to trade higher owing to firm global cues with energy stocks leading the gains, while financial stocks and auto stocks bounced back. At the closing bell, the BSE Sensex stood higher by 164 points, while the NSE Nifty finished up by 56 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 1% and 0.9% respectively.

Cairn India share price surged 2.7% after the government cleared a policy for extending the term of more than two dozen oil and gas production contracts signed prior to 1999 in a bid to bolster energy security. The move is expected to fetch an additional investment of about US$5.43 billion.

NTPC share price finished on an optimistic note (up 2.3%) after it was reported that the company is seeking to buy the federal government's stake in hydro-power producer SJVN Ltd. to boost the share of non-fossil fuel generation capacity.

SJVN share price jumped on the news, rising as much as 6.4% before finishing up by 0.5%.

Asian stock markets finished higher today with shares in Japan leading the region. The Nikkei 225 is up 0.23% while China's Shanghai Composite is up 0.10% and Hong Kong's Hang Seng is up 0.03%. European markets are mixed. The DAX is higher by 0.16%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.22% and 0.15% respectively.

The rupee was trading at Rs 65.42 against the US$ in the afternoon session. Oil prices were trading at US$ 48.35 at the time of writing.

Moving on to news from bank stocks. Axis Bank share price finished the trading day on a marginally positive note (up 0.7%) after it was reported that the company is planning to raise US$16.2 million or Rs 1.06 billion by floating bonds through its Dubai financial centre branch.

The company also dismissed rumors about the resignation of its CEO Shikha Sharma. The bank has been under fire from several quarters after reporting a fall in third quarter profits along with income-tax investigation on some of its branches post notebandi.

In another development, Bank of India share price finished up by 0.6% after it was reported that the company has sold its entire stake of 5% (1.25 million shares) in TransUnion CIBIL (TUCIBIL) to TransUnion International Inc (TUI). The deal was concluded at the rate of Rs 1525.00 per equity share for a total consideration amount of Rs 1.90 billion.

In news from automobile stocks, TVS Motor Company is reportedly planning to launch new models and invest in product development and capacity expansion that will grow its market share in two-wheelers. The company will earmark about Rs 3.5 billion capex for 2017-18 for new product development and capacity expansion on expected revival in the two-wheeler demand in the first half of coming fiscal.

TVS Motor share price finished the day down by 1.4% on the BSE.

Automobile stocks finished on a strong note with Tata motors share price and Hero Motocorp share price leading the gains.

Read the complete Indian stock market update. For the terms of use, go here.

Sensex Opens Marginally Higher; Oil & Gas Stocks Lead

Asian equity markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.14%, while the Hang Seng is up 0.31%. The Shanghai Composite is trading up by 0.36%. European stock markets finished weak in their previous trading session.

Meanwhile, Indian share markets have opened marginally higher. The BSE Sensex is trading up by 71 points while the NSE Nifty is trading up by 26 points. The BSE Mid Cap index opened up by 0.6% while BSE Small Cap index opened up by 0.7%.

All sectoral indices have opened the day in green with oil & gas sector and capital goods sector leading the pack of gainers. The rupee is trading at 65.38 to the US$.

Telecom stocks are trading mixed with MTNL and Idea Cellular being the most active stocks in this space. As per an article in a leading financial daily, Idea Cellular and Vodafone are in talks with Brookfield Asset Management and American Tower for a sale of their telecommunications infrastructure in India.

Idea Cellular share price opened the day up by 1%.

Moving on to the news from stocks in oil & gas sector. As per an article in The Economic times, the government has cleared a policy for extending the term of more than two dozen oil and gas production contracts signed prior to 1999 in a bid to bolster energy security. The move is expected to fetch an additional investment of about US$5.43 billion.

Energy stocks began trading on a positive note with Suzlon Energy and Cairn India witnessing maximum buying interest.

Read the complete Indian stock market update. For the terms of use, go here.

Global Markets Weigh on Indian Indices, Telecom Stocks Continue to Slide

Indian share markets continued to trade weak in the afternoon session and finished in red for third consecutive session. At the closing bell, the BSE Sensex closed lower by 318 points, while the NSE Nifty closed down by 91 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap closed down by 1% and 0.9% respectively. Losses were largely seen in auto stocks, FMCG stocks and consumer durable stocks.

Bharti Airtel share price was among the top losers on both the NSE and BSE indices, slipping 3.2%. It is reported that the company is planning to hike capex to Rs 300 billion in FY18 to take on the Idea-Vodafone merger.

Asian stock markets fell following overnight declines in U.S. financial markets as investors re-evaluated their "Trump trade" optimism. The Nikkei 225 is down 2.13% while Hong Kong's Hang Seng is off 1.11% and China's Shanghai Composite is lower by 0.50%. European markets too are lower today with shares in France off the most. The CAC 40 is down 0.88% while London's FTSE 100 is off 0.85% and Germany's DAX is lower by 0.68%.

The rupee was trading at Rs 65.45 against the US$ in the afternoon session. Oil prices were trading at US$ 47.50 at the time of writing.

According to an article in The Economic Times, Coal India is considering producing petroleum oil at its Chatra coal mine in Jharkhand. The Chatra mine comes under its subsidiary Central Coalfields. Petroleum oil from coal is part of the company's diversification plan.

Coal India share price finished the trading day down by 0.2% on the BSE.

Read the complete Indian stock market update. For the terms of use, go here.

Sensex Opens Deep in Red, Pharma Stocks Continue to Slide

Asian stock markets are lower in morning trade tracking losses in Wall Street. The Nikkei 225 is off 2.01% while the Hang Seng is down 1.45%. The Shanghai Composite is trading down by 0.79%. Overnight, the US markets suffered the worst drop in five months on concerns about US president Donald Trump's ability to push through major reforms. Stock markets in Europe also closed their previous session in red.

Indian share markets too have opened the day on a weak note. BSE Sensex is trading lower by 166 points and NSE Nifty is trading lower by 56 points. Meanwhile, S&P BSE Mid Cap and S&P BSE Small Cap are trading lower by 1.5% and 0.6% respectively. Losses are largely seen in auto stocks, metal stocks and pharma stocks.

The rupee is trading at 65.31 against the US$.

Wockhardt share price began the trading day on an optimistic note (up 1.5%) after the company received approval from the US health regulator to market generic version of Wyeth's Zosyn, used for treating bacterial infections, in the American market.

In another development, Glenmark Pharmaceuticals USA has received approval from the United States Food and Drug Administration (USFDA) for Clobetasol Propionate Ointment, used for treatment of various skin conditions.

Glenmark Pharma share price opened the trading day down by 1.1%.

Dr Reddy's Laboratories shares also hit a 52-week low on Tuesday after the company's Duvvada plant received 13 observations which included repeats from a November, 2015 warning letter. Aurobindo Pharma, Sun Pharmaceuticals Industries and Cadila Healthcare each lost over 1-2% in value.

Dr Reddy's share price continues to trade week and has opened the day down by 1.5% on the BSE.

Moving on to news from stocks in investment & finance sector. According to an article in The Economic Times, non-banking financial companies (NBFCs) will demonstrate broadly stable asset quality, but delinquencies could rise over the next 1-2 quarters as notebandi adversely affects collections across asset classes.

Meanwhile, IDBI Bank share price has opened the trading day up by 0.1% after it was reported that the company will raise up to Rs 25 billion through preferential issue of capital to government of India (GoI) and other financial institutions.

Read the complete Indian stock market update. For the terms of use, go here.