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?  

Metal stocks weigh down markets
Wed, 14 Jan 11:30 am

After opening flat, the Indian Indices have not found a clear direction in the morning session and continue to hover around the dotted line. Auto and IT stocks are witnessing buying interest while metal and FMCG stocks are trading lower.

The BSE-Sensex is trading down 46 points. The NSE-Nifty is trading down 10 points. The BSE Mid Cap index is trading up 0.2% and the BSE Small Cap index is trading up 0.1%. The rupee is trading at 62.14 to the US dollar.

Software stocks are trading mixed today. While Tech Mahindra is leading the gainers; HCL Technologies is leading the losers. India's largest IT firm Tata Consultancy Services (TCS), has issued s clarification regarding news reports of mass layoffs at the firm. The company has stated that it has not initiated and wasn't planning to initiate "large-scale exits" for any section of its staff, in any part of the organisation. It has given a break-up of the numbers for involuntary attrition i.e. layoffs for the last three years. For FY15, FY14 and FY13, these numbers were 2574, 2,203 and 2,132. The company has stated that figure for the current year is just 0.8% of its total employee base. TCS is trading up 0.6% today.

Auto stocks are trading mixed. The gainers are being led by Bajaj Auto and Tube Investments. Tata Motors is currently amongst the list of gainers. As per a leading business daily, the company has reported an 8% increase in global sales, including that of its subsidiary Jaguar Land Rover (JLR). Consequently, it's volumes for December 2014 stood at 85,742 units. The company had sold 79,220 units in December 2013. In the passenger vehicles category, the company's global sales during the month of December were at 55,145 units as against 49,721 units in December 2013, an increase of 11%.

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 "Metal stocks weigh down markets". 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


Nov 21, 2017 (Close)