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Indian stock markets open firm
Thu, 2 Feb 09:30 am

All major Asian stock markets have opened the day on a firm note with stock markets in Hong Kong (up 1.4%) and South Korea (up 1.2%) leading the gains. The Indian stock markets have also opened the day on a firm note. Stocks in the power and metal space are leading the gains.

The BSE-Sensex is trading higher by 176 points (1%), while the NSE-Nifty is up by around 47 points (0.9%). Mid cap and small cap stocks are also trading in the green with the BSE Mid cap and BSE Small cap indices up by 1% each. The rupee is trading at 49.04 to the US dollar.

PSU bank stocks have opened the day on a strong note with Dena Bank and UCO Bank leading the pack of gainers. Oriental Bank of Commerce (OBC) has announced its third quarter results for the financial year 2011-2012 (3QFY12). During the quarter, the public sector lender has reported 38% year-on-year (YoY) rise in interest income on the back of 22% YoY growth in advances. However, OBC's net profits register a decline of about 13% YoY during 3QFY12 on account of increased provisions on non-performing assets (NPAs) and higher interest costs. During the nine month period ended December 2011, while the bank's interest income grew by 31% YoY, its net profits reported a decline of 25% YoY. During the same period, its net interest margins witnessed a decline from 3.3% in 9MFY11 to 2.8% in 9MFY12.

have opened the day on a firm note with Hero Motocorp, Mahindra & Mahindra (M&M) and Maruti Suzuki leading the gains. However, Ashok Leyland is facing selling pressure. Maruti Suzuki has launched the new version of Swift Dzire available from the lower end version of Lxi to higher end version of Zdi. The new Dzire starts at Rs 479,000 for petrol Lxi and goes as high as Rs 709,000 for diesel Zdi. The length of the car is shorter than the previous model in order to take the lower excise tax advantage. The advantage is also that it is a little lighter, wider and taller than before. The managing director said that this is the second new model in their portfolio within last 6 months. The vendors along with the company have invested over Rs 2.3 bn for creating the new model of Dzire.

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Stock Market Updates

BAJAJ HIND. SUGAR plunges by 5%; BSE 500 Index Down 0.0% (Today's Market)

Jun 18, 2018 02:58 PM

BAJAJ HIND. SUGAR share price has plunged by 5% and its Current Market Price is Rs 7. The BSE 500 is down by 0.02%. The top gainers in the BSE 500 Index are JAIPRAKASH ASSO. (up 7.27%) and HPCL (up 5.18%). The top losers are BAJAJ HIND. SUGAR (down 5.00%) and TAKE SOLUTIONS (down 5.93%).

JAIPRAKASH ASSO. surges by 8%; BSE REALTY Index Up 0.1% (Today's Market)

Jun 18, 2018 02:22 PM

JAIPRAKASH ASSO. share price has surged by 8% and its Current Market Price is Rs 16. The BSE REALTY is up by 0.11%. The top gainers in the BSE REALTY Index is JAIPRAKASH ASSO. (up 7.96%). The top losers are GODREJ PROPERTIES (down 0.06%) and OMAXE LTD (down 0.28%).

P&G HYGIENE at All Time High; BSE FMCG Index Up 0.0% (Today's Market)

Jun 18, 2018 02:22 PM

P&G HYGIENE share price has hit an all time high at Rs 10,360 (up 4.46%). The BSE FMCG Index is up by 0.04%. Among the top gainers in the BSE FMCG Index today are P&G HYGIENE (up 4.46%) and GILLETTE INDIA (up 0.13%). The top losers include ITC LTD (down 0.06%) and GSK CONSUMER (down 0.06%).

INDO COUNT surges by 15%; BSE 500 Index Down 0.1% (Today's Market)

Jun 18, 2018 02:21 PM

INDO COUNT share price has surged by 15% and its Current Market Price is Rs 79. The BSE 500 is down by 0.07%. The top gainers in the BSE 500 Index is INDO COUNT (up 14.57%). The top losers are JK LAKSHMI CEMENT (down 0.02%) and DEEPAK FERTILISERS (down 0.02%).

Sensex Trades Rangebound; Metal, Pharma Stocks Top Losers (Today's Market)

Jun 18, 2018 12:30 pm

The BSE Sensex is trading down by 25 points, while the NSE Nifty is trading down by 5 points.

INDUSIND BANK at All Time High; BSE BANKEX Index Up 0.3% (Today's Market)

Jun 18, 2018 11:49 AM

INDUSIND BANK share price has hit an all time high at Rs 1,988 (up 1.11%). The BSE BANKEX Index is up by 0.32%. Among the top gainers in the BSE BANKEX Index today are INDUSIND BANK (up 1.11%) and YES BANK (up 0.44%). The top losers include SBI (down 0.18%) and AXIS BANK (down 0.38%).

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