Sensex Finishes in the Red

Indian share market began the trading week on a weak note amid mixed global markets.

At the closing bell, the BSE Sensex stood lower by 231 points (down 0.9%), while the NSE Nifty finished down by 91 points (down 1.1%).

Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.1% and 0.7% respectively. Losses were largely seen in auto sector and bank stocks.

Here is a list of BSE gainers today.

At the time of writing this share market news, the rupee was trading at 67.46 against the US$ in the afternoon session.

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.

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

Sensex Finishes Flat; Metal & Auto Stocks Drag

Indian share market finished the week on a flat note with positive bias amid mixed global markets.

At the closing bell, the BSE Sensex stood higher by 53 points, while the NSE Nifty finished up by 15 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 0.2% and 0.5% respectively.

Gains were largely seen in realty stocks and bank stocks.  

Moving on to news from stocks in steel sector.

As per an article in The Livemint, Steel Authority of India Limited (SAIL) reported a decline in standalone net loss at Rs 7.30 billion for the quarter ended September 30, helped by a strong marketing push and cost optimization measures. The company had posted a net loss of Rs. 11.08 billion in the year-ago period.

Total standalone income of the company rose by 21% to Rs 125.77 billion in July-September quarter this fiscal from Rs 103.78 billion during the same quarter in 2015-16.

Indian Steel Sector contributed 2% to overall Gross Domestic Product of the country during 2015-16. India is close to acquiring the second position in crude steel production if it continues with its current growth rate. According to the latest report of World Steel Association (WSA), India’s steel production during January-October 2016 grew by 6.8% to reach 79.5 million tonnes, even as global steel output saw a 0.1% contraction.

SAIL share price finished the trading day up by 3.2% on the BSE.

At the time of writing this share market news, the rupee was trading at 67.58 against the US$ and Oil prices were trading at US$ 51.19.

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.

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

Sensex, Nifty Finish Strong; Banking Sector Up 1.6%

Indian share market maintained the upbeat mood in the afternoon session supported by positive global cues along with gains in metal stocks, auto sector and IT stocks.

At the closing bell, the BSE Sensex stood higher by 457 points, while the NSE Nifty finished up by 145 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.5% and 1.3% respectively. 

Asian markets finished mixed as of the most recent closing prices.

According to an article in The Economic Times, Public sector banks (PSBs) have written off Rs 1.54 trillion of bad loans between April 2013 and June 2016. During 2013-14, all PSBs written off Rs 344 billion non-performing assets (NPAs). The amount increased further to Rs 490 billion in the following year.

(Looking for Bank stocks?)

PSB’s finished the trading day on a firm note with Indian Bank share price and SBI share price ending in green. Here is a complete list of BSE gainers today.

At the time of writing this share market news, the rupee was trading at 67.43 against the US$ and Oil prices were trading at US$ 50.07.

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.

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

Sensex Finishes on a Flat Note

Indian share market finished the trading session on a flat note ahead of RBI monetary policy review on Wednesday.

At the closing bell, the BSE Sensex stood higher by 44 points, while the NSE Nifty finished up by 14 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 0.5% and 0.4% respectively. Gains were largely seen in realty sector and energy stocks.

(Here is a list of BSE gainers today.)

Tata Power share price finished the trading day on an optimistic note (up 2.7%) after it was reported that the company’s Strategic Engineering Division (Tata Power SED) has bagged an order from Ministry of Defence, Government of India for the supply of one regiment of Command Post and Launcher of Pinaka Multi Rocket Launcher System (MRLS) to Indian Army.

In another development, Torrent power share price surged and finished up by 4.5% on the BSE after the company entered into Renewal and Amendment Agreement to the Distribution Franchise Agreement (DFA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for distribution of power in Bhiwandi Circle for a further period of 10 years with effect from January 26, 2017.

Moving on to news from stocks in telecom sector.

According to an article in The Livemint, Bharti Airtel Ltd has registered significant increase in revenue market share in the top six circles in the country since the September quarter of 2012-13.

Bharti Airtel share price finished the day up by 0.2% on the BSE. The stock price of the company has dropped 6% in the last six months.

At the time of writing share market news, the rupee was trading at 68.03 against the US$ in the afternoon session. Oil prices were trading at US$ 51.55.

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.

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

Sensex Finishes Firm

After trading flat in the morning session, Indian share market witnessed buying momentum in the afternoon trade to begin the week on a positive note amid strong European markets.

At the closing bell, the BSE Sensex stood higher by 118 points, while the NSE Nifty finished up by 42 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 0.7% and 0.3% respectively.

Gains were largely seen in auto sector and metal stocks. Here is a list of BSE gainers today.

According to a leading financial daily, the production of sugar rose by 17.39% and stood at 27.41 lakh tonnes (LT) during the first two months of the current marketing year that started in October on the back of higher output in Uttar Pradesh, as per data compiled by Indian Sugar Mills Association (ISMA). The production stood at 23.35 LT in the year-ago period.  The sugar marketing year runs from October to September.

After remaining stable at Rs 36,000 a tonne in September, sugar prices touched a five-year high of Rs 36,200 a tonne in October. Post-demonetisation, it fell marginally to Rs 35,500 a tonne in November.

Sugar stocks finished on a negative note with Sakhti Sugars and Rajshree Sugars leading the losses.

(Get Sakhti Sugars share price and Rajshree Sugar share price)

Moving on to Oil & Gas stocks news.

ONGC share price finished the trading day on an encouraging note (up 1.4%) after it was reported that the company will begin producing oil from the Ratna and R-Series oilfield in Mumbai offshore in 2019.

At the time of writing share market news, the rupee was trading at 68.17 against the US$ in the afternoon session. Oil prices were trading at US$ 52.18.

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.

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

Sensex Finishes Weak

Indian share market fell further in the afternoon session to finish the week on a weak note amid weak global indices.

At the closing bell, the BSE Sensex stood lower by 329 points, while the NSE Nifty finished down by 106 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.3% and 1.4% respectively.

While losses were largely seen in auto sector and FMCG stocks, here you can find a list of BSE gainers today.

According to an article in The Moneycontrol, Vedanta Resources Plc plans to invest as much as Rs 200 billion (US$ 2.9 billion) over three years to expand its alumina and aluminum producing capacity in Odisha.

(Get Vedanta share price)

Meanwhile, Vedanta group has also lined up Rs 300 billion investments to ramp up the capacity of Cairn India. Cairn India is in the process of being merged with Vedanta, for which the shareholders of both the entities have already given their nod. With this investment, the production capacity of Cairn India would go up to 3,50,000 barrel of oil equivalent per day.  

Cairn India share price finished the trading day down by 1.5% on the BSE.

While we wrote this share market news, the rupee was trading at 68.37 against the US$ in the afternoon session. Oil prices were trading at US$ 50.71.

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

Sensex Finishes on a Dull Note; Metal Stocks Worst Performers

Indian share market finished the trading session on a flat note with negative bias amid weak European markets.

At the closing bell, the BSE Sensex stood lower by 93 points, while the NSE Nifty finished down by 32 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.1% and 0.6% respectively. Losses were largely seen in metal stocks and power stocks.

(Looking for BSE gainers today?)

According to an article in The Economic Times, National Aluminum Company (Nalco) will benefit from the rising alumina price. Global alumina benchmark price has risen around 14% over the past month and 30% in three months. This should boost the company's December quarter results.

Nalco share price finished the trading day down by 1.7% on the BSE.

According to a report released by Fitch Ratings, India's petroleum product consumption will remain strong at around 5-6% in 2017 but the profitability in the oil and gas exploration and production segment will remain weak.

Oil & Gas stocks finished on a negative note despite OPEC representatives reaching a landmark deal to reduce oil output with HPCL and MRPL leading the losses.

(Get HPCL share price and MRPL share price)

At the time of writing share market news, the rupee was trading at 68.37 against the US$ in the afternoon session. Oil prices were trading at US$ 49.7.

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