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?  

Indian share markets soar higher
Thu, 15 Jan 01:30 pm

Indian share markets continued to surge in the post-noon trading session. All the sectoral indices are trading in the green. Realty and banking stocks are the biggest gainers today.

BSE-Sensex is up 669 points and NSE-Nifty is trading 199 points up. BSE Mid Cap is trading 1.4% up and BSE Small Cap index is trading up by 1.1%. The rupee is trading at 61.66 to the US dollar.

Majority of the food & tobacco stocks are trading firm led by ITC and Sterling Biotech. As per a leading financial daily, the director of Tobacco Institute of India has said that the factory shipment data of major cigarette companies in the latter half of 2014 shows a double-digit decline as compared to pre-budget levels in June 2014. Higher taxes led to the drop in sales of legal cigarettes as per the industry body. It should be noted that the excise duty on cigarettes has been raised by the government for three consecutive years. Many states have also raised the VAT on cigarettes resulting in a cascading increase in taxation. To add to its woes, the government is also considering to impose additional punitive measures such as a ban on sale of loose cigarettes and raising the age limit for cigarette buyers.

All the automobile stocks are trading in the green led by Mahindra & Mahindra and Ashok Leyland. As per a leading financial daily, Tata Motors and Fiat Chrysler Automobiles (FCA) are set to extend their partnership on product development and marketing. It should be noted that the two ended their marketing tie-up two years ago. Reportedly the two companies are working on FCA's two-litre multijet diesel engine that will power two of the sports utility vehicles of Tata Motors. The engine is also likely to power FCA's new compact SUV under the 'Jeep' brand. The three vehicles are slated to be launched in 2017. Tata Motors stock is presently trading up by 2%.

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 "Indian share markets soar higher". 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


Mar 16, 2018 (Close)