X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian markets trade flat 
(Thu, 16 Jan 11:30 am) 
 
After opening positively, the Indian indices are trading flat in the morning session. The buying interest is the highest in engineering and metal stocks; while the selling pressure is the highest in auto and FMCG stocks.

The BSE-Sensex is trading up 5 points and the NSE-Nifty is trading up 3 points. The BSE Mid Cap index is trading down 0.1% and the BSE Small Cap index is trading up 0.1%. The rupee is trading at 61.55 to the US dollar.

Software stocks are trading mixed today. HCL Tech and Infosys are among the stocks leading the gainers; while Tata Consultancy Services (TCS) and Tech Mahindra are among the stocks leading the losses. India's fourth largest software firm HCL Technologies has announced its results for the second quarter of FY14 (the company has a June year ending). Sales have increased by 2.8% QoQ while the rise in the same in constant currency terms was 3%. The company suffered a forex loss of 1,580 m during the quarter. Despite this, the net profits were up by 5.6% QoQ due to lower depreciation charges. The net margin improved to 18.3% in the quarter compared to 17.8% in the previous quarter. HCL Tech is trading up 2% today.

Most telecom are currently trading lower today. While Idea Cellular and Reliance Communications are among the stocks leading the losses. India's third largest telecom firm Idea Cellular is looking to launch next generation 4G services in the next 2 years. At the same time the company wants to expand its 3G services network across the nation as well. The management has told a leading financial news network that if spectrum were to be available at the right price, in the upcoming 2G auctions, then the company would roll out services faster in anticipation of higher data usage in the coming months. The company is also looking to renew all its licenses as they expire over the next two years. Idea Cellular is trading down 5% today.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian markets trade flat". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE TECK


Jul 24, 2017 03:37 PM

S&P BSE TECK 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS