Indian Indices Open Flat

Tue, 24 May 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Major Asian stock markets have opened the day on a negative note. Stock markets in China and Japan are trading lower by 0.8% and 0.7% respectively. Benchmark indices in the Europe and the US ended their previous session on a disappointing note. The rupee is trading at 67.34 per US$.

Indian stock markets have opened the day on a flattish note. The BSE Sensex is trading higher by 5 points (up 0.02%) and NSE Nifty is trading lower by 8 points (down 0.1%). Both, BSE Mid Cap and BSE Small Cap are trading marginally higher by 0.07% and 0.05% respectively.

Barring stock from information technology sector, major sectoral indices have opened the day in green with stocks from FMCG and pharmaceutical sectors witnessing buying interest.

As per an article in Mint, the government is aiming to implement the new bankruptcy law by the end of this fiscal year. The government has initiated the process to set up the required infrastructure to implement this law.

The process involves appointing or setting up of insolvency professionals, information utilities, tribunal and a bankruptcy regulator. Implementation will hold key importance in determining the success of this law.

The law once implemented will lead to speedy winding up of insolvent companies. Not only this, the proposed bill will also help the banks to curb their massive non-performing asset (NPA) problems.

Moreover, the bill specifies a timeframe of 180 days to solve the matter, once the process initiates. The data provided by the World Bank states that it take more than four years to resolve an insolvency matter in India. The crisis of Kingfisher Airlines is one example. Whereas, in developed nations, it takes a year or less to resolve such matters. The law will considerably reduce this time gap and will also help India move up the Ease of Doing Business rankings.

The bankruptcy law is a big positive for the country. However, the speedy implementation of the same will be the key thing to watch out for going forward.

In another news update, National Green Tribunal (NGT) banned the registration of diesel vehicles of 2,000cc or above in Kerala. Further, the court also barred all diesel vehicles older than 10 years from plying on roads in major cities of Kerala.

Earlier in the year, the Supreme Court too had refused to lift the ban on diesel vehicles above 2,000cc in the National Capital Region (NCR). Moreover, there is a fear among auto-majors that similar action will be taken in other parts of the country.

However, there is no proof as yet that the banning of diesel vehicle will help fix the air quality in the cities. The order is a setback for the automobile companies, especially which are catering to categories above 2000 cc.

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