Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

Positive Start to the Day
Tue, 19 Jan 09:30 am

Major Asian stock markets have opened the day on a positive note with stock markets in China and Hong Kong trading up by 1.6% and 0.7% respectively. Major indices in Europe ended their previous session in red. The rupee is trading at 67.67 per US$.

Indian stock markets have opened the day on a strong note. The BSE Sensex is trading higher by 105 points (up 0.4%) and NSE Nifty is trading higher by 19 points (up 0.3%). Both BSE Mid Cap and BSE Small Cap are trading higher by 0.2% and 0.4% respectively. Major sectoral indices have opened the day on a mixed note with stocks from telecommunication and consumer non-durables sectors witnessing buying interest. However, stocks in metal space are witnessing selling pressure.

As per an article in leading financial daily, exports contracted for the 13th month in a row during the month of December. Tepid global demand coupled with volatile global currency dragged the exports down. However, exports from China contracted just by 1.4% in the same month. Depreciating yuan have partially supported the exports in China.

Further, exports of drugs & pharmaceutical, chemicals and readymade garments reported a growth of 8.2%, 1.1% and 5% respectively for the month of December. However, petroleum products and engineering goods witnessed a contraction of 47.7% and 15.7% respectively.

Non-Oil imports picked up 7.6% in December. On the other hand, machinery equipment, transport equipment and project goods witnessed a contraction of 1.1%, 38.8%, 29.1% respectively indicating poor signs of pick up in the investment demand.

Kotak Mahindra Bank Ltd declared its results for the quarter ended December 2015. The company's net profit grew by 36.5% YoY on account of higher interest income and increased commissions and fees. However, figures are not comparable on a YoY basis as the December quarter figures also represent the financials of the acquired ING Vyasya Bank Ltd.

Net Interest Income increased by two-third led by growth in advances and deposits boosted from the acquisition of ING Vyasya Bank Ltd. Reportedly, banks's corporate loan and retail loans witnessed a jump of 84% each, largely helped by the merger. Further, loan portfolio was dominated by disbursements to small and medium enterprise.

Gross Non-Performing Assets for the quarter stood at 2.3% as compared to 1.87% in the year ago period. Asset quality came under pressure after merger with ING Vysasya Bank. Provisions for the quarter stood at Rs 2.35 billion as compared to 0.30 billion in the year ago period. Provisioning too witnessed a sharp surge, owing to the merger.

Kotak Mahindra is trading up by 0.4%.

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

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Positive Start to the Day". Click here!


Views on News

Top 5 Recent IPO Developments You Should Know (Views On News)

May 12, 2021

So far in 2021, IPOs in India have raised nearly US$ 3 bn, the best start to the year since 2018.

How Did Mindtree Perform in Q4FY21? (Company Info)

Apr 20, 2021

Here's the rundown on the company's latest quarterly results.

Parag Parikh Conservative Hybrid Fund: Should You Invest in Higher Debt Allocation? (Outside View)

May 14, 2021

PersonalFN analyses the features of Parag Parikh Conservative Hybrid Fund and explains the potential this fund has to offer to its investors.

Die Hard 4.0 Redux? (Fast Profits Daily)

May 14, 2021

A Hollywood style cyber-attack has caused shockwaves across financial markets.

What Godrej Consumer's 22% Single-Day Gain Tells About My Blueprint (Profit Hunter)

May 14, 2021

The company's FY21 earnings performance turned out better than my estimates but...

More Views on News

Most Popular

Is Intraday Trading For You? (Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution (Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


May 14, 2021 (Close)