Sensex Finishes Firm

Indian share market gathered some momentum in the afternoon session and finished the trading day on a positive note amid strong international markets. 

At the closing bell, the BSE Sensex stood higher by 183 points, while the NSE Nifty finished up by 51 points.

Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 0.4% and 0.1% respectively. Gains were largely seen in auto sector and IT stocks.  Here is a list of BSE gainers today.

Mining stocks finished the day in red with MMTC Ltd and Gujarat Mineral Development Corp Ltd leading the losses.

Moving on to news from stocks in oil & gas sector.

According to an article in The Economic Times, India’s oil demand grew 12% in November as customers rushed to petrol pumps to purchase fuel with their old currency notes after the government demonetized high-value notes.

In another development, Indian Oil Corporation share price finished the trading day on an optimistic note (up 2%) after it was reported that the company is in advance talk to acquire 26% stake in debt-laden Gujarat State Petroleum Corporation’s (GPSC). GPSC has almost-completed Rs 45 billion Mundra LNG import terminal in Gujarat.

At the time of writing this share market news, the rupee was trading at 67.49 against the US$ while the Oil prices were trading at US$ 53.07.

At last, 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.

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