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Indian stock markets trade flat
Wed, 11 Jan 11:30 am

Indian stock market indices traded flat over the last two hours of trade. IT and FMCG stocks witnessed maximum selling pressure, while realty and consumer durables stocks witnessed maximum buying interest.

The BSE-Sensex is up by 18 points, while the NSE-Nifty is up 5 points. BSE Mid cap index and the BSE Small cap index are up by 1.08% and 1.50% respectively. The rupee is trading at 52.98 to the US dollar.

Real estate stocks are trading strong. DLF Ltd. and Sunteck Realty are the biggest gainers, while DB Realty and Phoenix Mills are the biggest losers. According to a leading financial daily, DLF Limited has sold its 28 acre of prime land in Gurgaon to real estate firm M3M for Rs 4.4 bn. The company has been selling its non-core assets such as hotel plots since the last couple of years to cut debt. It had raised Rs 3.4 bn from the sale of non-core assets till the second quarter of this fiscal. They plan is to raise a total of Rs 100 bn from this process over the next few years. The company is also in the process of selling its hospitality venture Amanresorts, which it had acquired in 2007.

Auto stocks are trading strong led by Escorts and Maharashtra Scooters. According to a leading financial daily, the Indian automobile industry is likely to report a lackluster performance this financial year. This is in contrast to the 26%-30% growth rates recorded in the previous two years. At the start of the year, Society of Indian Automobile Manufacturers (SIAM) had forecasted a growth of 14%-16% for the year but recently this has been cut drastically to only 0%-2%. However, things could get better in FY13 on account of over 50 new launches in the Auto Expo and some favorable initiatives from the government. Also, there has been some revival in the industry recently with car sales recording a growth for the second consecutive month as a result of discounts and freebies.

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Stock Market Updates

UNION BANK Surges by 5%; BSE BANKEX Index Up 0.2% (Today's Market)

Sep 19, 2018 01:59 PM

UNION BANK share price has surged by 5% and its current market price is Rs 79. The BSE BANKEX is up by 0.2%. The top gainers in the BSE BANKEX Index is UNION BANK (up 5.1%). The top losers are YES BANK (down 0.1%) and HDFC BANK (down 1.0%).

SUVEN LIFE Plunges by 5%; BSE HEALTHCARE Index Down 0.4% (Today's Market)

Sep 19, 2018 01:31 PM

SUVEN LIFE share price has plunged by 5% and its current market price is Rs 308. The BSE HEALTHCARE is down by 0.4%. The top gainers in the BSE HEALTHCARE Index are DR. LAL PATHLABS LTD (up 2.6%) and BLISS GVS PHARMA (up 1.9%). The top losers are SUVEN LIFE (down 5.2%) and PFIZER (down 6.7%).

JYOTHY LABS Plunges by 5%; BSE FMCG Index Down 0.6% (Today's Market)

Sep 19, 2018 01:27 PM

JYOTHY LABS share price has plunged by 5% and its current market price is Rs 214. The BSE FMCG is down by 0.6%. The top gainers in the BSE FMCG Index are BAJAJ HIND. SUGAR (up 2.0%) and P&G HYGIENE (up 0.6%). The top losers is JYOTHY LABS (down 5.2%).

RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Sep 19, 2018 01:13 PM

RELIANCE COMMUNICATIONS share price has plunged by 5% and its current market price is Rs 16. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are HIMACHAL FUTURISTIC (up 5.8%) and MONSANTO INDIA (up 3.9%). The top losers are RELIANCE COMMUNICATIONS (down 5.3%) and PFIZER (down 5.8%).

SHREE RENUKA SUGARS Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Sep 19, 2018 01:11 PM

SHREE RENUKA SUGARS share price has plunged by 5% and its current market price is Rs 17. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are HIMACHAL FUTURISTIC (up 5.4%) and MONSANTO INDIA (up 3.9%). The top losers are SHREE RENUKA SUGARS (down 5.2%) and PFIZER (down 6.1%).

Sensex Opens Flat; Healthcare & Metal Stocks Gain (Today's Market)

Sep 19, 2018 09:30 am

Indian share markets open flat with Sensex trading up by 54 points, while the Nifty is trading up by 27 points.

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