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  
Markets build on early gains 
(Tue, 20 Jan 11:30 am) 
After opening in the green, the Indian Indices have remained well above the dotted line in the morning session. Banking stocks are leading the gainers while auto stocks are witnessing selling pressure.

The BSE-Sensex is trading up 156 points. The NSE-Nifty is trading up 47 points. The BSE Mid Cap index is trading up 0.7% and the BSE Small Cap index is trading up 0.8%. The rupee is trading at 61.90 to the US dollar.

Except Hexaware Technologies, all the IT stocks are trading in the green. Oracle Financial Services and HCL Technology are the leading gainers. Mindtree has announced results. The company's December quarter net profit grew 2.5% sequentially to Rs 1.4 bn. Further, revenue climbed 2.6% quarter-on-quarter to Rs 9.1 bn during the quarter. Operating profit jumped 6.3% to Rs 1.8 bn and margin expanded by 0.70 percentage points to 20.5% during the quarter. Also, Mindtree approved the agreement to acquire entire ownership interest in Discoverture Solutions LLC, a limited liability company incorporated under the laws of the Arizona, United States. It also approved the agreement to purchase specified assets of Discoverture Solutions India Private Limited.

Telecom stocks are trading mixed today. While Tata Teleservices is leading the gainers; Reliance Communications is leading the losers. With the government rejecting the telecom regulator TRAI's proposal for lower 3G spectrum pricing; the upcoming auctions will make life difficult for operators. Idea Cellular in particular will be hard hit. The auctions will be crucial for the company. Nine of its licences will be expiring later this year. Idea has no choice but to retain them in these auctions especially the premium spectrum in the 900 MHz band.

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


Equitymaster requests your view! Post a comment on "Markets build on early gains". 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


Sep 22, 2017 (Close)