Positive Start to the Day

Wed, 6 Apr 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Barring Taiwan, major Asian stock markets have opened the day on a positive note. Stock markets in Singapore and Indonesia are trading higher by 0.4% and 0.3% respectively. Benchmark indices in Europe and US ended their previous session on a disappointing note with stock markets in Germany and US ending the day lower by 2.7% and 0.8% respectively. The rupee is trading at 66.32 per US$.

Indian stock markets have opened the day on a firm note. The BSE Sensex is trading higher by 60 points (up 0.2%) and NSE Nifty is trading higher by 15 points (up 0.2%). BSE Mid Cap and BSE Small Cap are trading higher by 0.3% and 0.4% respectively. Barring metal stocks, major sectoral indices have opened the day in green with stocks from automobile and telecommunication sectors witnessing buying interest.

As per an article in Livemint, weather scientists have spotted signs of a normal rainy season this year. Indian Institute of Tropical Meteorology, under the ministry of earth sciences, has signaled a better than normal monsoon in the June-September monsoon season. The institute stated that there is a 54% probability that rainfall during the monsoon season this year will be 10 mm-per-day more than normal.

Provided the estimates are accurate, this seems to be a positive development considering that India has faced two consecutive years of drought. As the south-west monsoon accounts for more than 70% of the annual rainfall in India, better than normal rainfall will boost agriculture productivity.

Further, a normal monsoon will also aid in reviving the rural demand. Rural demand has remained subdued for a while now. A normal monsoon will lead to higher disposable income, which in-turn will boost the rural consumption. To add to this, a normal monsoon will also help to keep the inflation at low levels. The possibility of a good monsoon would also increase the chances of the country's central bank retaining its easy money policy. All eyes are now on the much awaited Indian Meteorological Departments (IMD) monsoon forecast, which is scheduled to be out by the end of this month.

In another news update, Welspun Renewable, a part of the Welspun Group plans to sell its portfolio of 1.1 gigawatts (GW) of renewable power assets. The likes of Tata Power and Greenko Group Plc have shown interest in acquiring this portfolio.

Further, Welspun is seeking an enterprise valuation of Rs.95-100 billion for these assets. Reportedly, out of the portfolio of 1.1 GW, about 600 MW is currently operational and remaining 500MW is expected to become operational before the end of the year. The sale proceeds will help Welspun Renewables free up its capital for its future projects.

Prime?Minister Narendra Modi is banking on renewables to fight climate change and has set an ambitious target of increasing India's clean energy capacity by more than fivefold to 175 GW by 2022. This is an ambitious target. However, looking at the investment the renewable sector is witnessing, it may be a possibility that the target is achieved.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers