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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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A volatile day of trading 
(Wed, 30 Jan Closing) 
 
Indian equity markets had a rather volatile trading session today. The indices began the day's proceedings on a very shaky note and in the subsequent hours alternate bouts of buying and selling kept the indices oscillating to either side of yesterday's close. This continued till the final trading hour. As a result, both the BSE Sensex and the NSE-Nifty closed flat today. The BSE Mid Cap and the BSE Small Cap also closed flat today with a negative bias. Gains were largely seen in oil & gas stocks.

As regards global markets, most Asian indices closed firm today while European indices have opened mixed. The rupee was trading at Rs 53.38 to the dollar at the time of writing.

Automobile stocks closed mixed today. While Maruti Suzuki and Tube Investments found favour, Tata Motors and TVS Motors closed in the red. As per a leading business daily, Tata Motors' subsidiary Jaguar Land Rover (JLR) plans to hire over 500 engineers and designers by March 2013, which will take the total strength of R&D people to over 5,500. This is to support its new product development programme. As far as funding goes, JLR has raised US$ 500 m through issue of bonds to cover its future growth plans. In terms of investments, JLR is looking to invest around GBP 2.75 bn in FY14. This will encompass development of new products, expansion of the Chinese business which has been doing very well and establishing production bases in new markets among others. Having said that, rise in product development costs is bound to put pressure on the cash flows of the company.

ING Vysya Bank has declared results for the third quarter ended December 2012. The bank's net interest income grew 25% YoY in 9mFY13 backed by 20% YoY growth in advances. Net interest margin improved to 3.5% in 9mFY13 (3.3% in 9mFY12), while the cost to income ratio came down to 57% in 9mFY13 from 60% in 9mFY12. Bottomline grew 35% YoY in 9mFY13 on the back of higher margins and minimal provisioning costs. Net NPA to advances stood at 0.1%. The bank has, however, not divulged the restructured assets at the end of the second quarter. Capital adequacy ratio (CAR) stood at 12.5% in December 2012. The stock closed lower by 2% today.

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Sep 25, 2017 (Close)

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