Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Consumer durable & banking stocks lead
Thu, 2 Jan 01:30 pm

After opening firm, Indian share markets continued to remain buoyant in the post-noon trading session. Majority of the sectoral indices are trading in the green with consumer durables, banking and metal stocks being the biggest gainers. However, power, capital goods and oil & gas stocks are trading in the red.

BSE-Sensex is up 94 points and NSE-Nifty is trading 26 points up. BSE Mid Cap is trading up 0.6% and BSE Small Cap index is trading up 0.7%. The rupee is trading at 61.9 to the US dollar.

Majority of the energy stocks are trading in the green with Essar Oil and Castrol being among the major gainers whereas Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd. (BPCL) are among the few stocks trading in the red. As per a leading financial daily, the government has raised the price of non-subsidized cooking gas (LPG) by Rs 220 per cylinder. This is the third increase in non-subsidized LPG rates in a month in line with rising international rates. Currently, every Indian household is entitled to nine LPG cylinders at subsidized rate in a year. As per state-owned fuel retailers, a 14.2 kg LPG cylinder beyond the subsidized quota will cost Rs 1,241 up from Rs 1,021 in Delhi. At subsidized rates, the cylinder costs Rs 414 in Delhi. Reportedly, public sector oil firms are currently making loss of Rs 762.7 per cylinder on the sale of subsidized LPG.

As per a leading financial daily, the HSBC India's purchasing manager index (PMI) slowed down to 50.7 during December 2013 as compared to 51.3 in November 2013. The prime reason for the same is sluggish order flow in the domestic market. However as per the index, the order inflow from export markets picked up. The PMI index measures business activities of Indian factories' order inflows. It may be noted that although the index slowed down over the previous month, it remained above the 50 mark, a key indicator that separates growth from contraction. The index languished below the 50 mark for 3 months before rising above it in the month of November 2013.

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

Equitymaster requests your view! Post a comment on "Consumer durable & banking stocks lead". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Feb 23, 2018 (Close)