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Indian Markets soar higher
Thu, 5 Feb 01:30 pm

Indian share markets continued to trade strong in the post-noon trading session. Stocks from IT and banking sector were the leading gainers while realty and consumer durables goods sector witnessed maximum selling pressure.

BSE-Sensex is up 110 points and NSE-Nifty is trading 33 points up. BSE Mid Cap and BSE Small Cap index are trading flat. The rupee is trading at 61.87 to the US dollar.

Mining stocks are trading on a negative note with SESA Sterlite and Gujarat NRE Coke being the weakest. According to a leading financial daily, Coal India is planning to form joint ventures (JVs) with the Indian Railways and other private companies for various rail projects. Reportedly, the company is looking at revenue based partnerships to add approx 50 projects in the country that can help in alleviating the congestion of coal movement. The company and the railways are working towards various such models, to develop lucrative joint ventures. Coal India was trading up by 1.7% at the time of writing

Auto stocks are trading mixed, with Escorts Group and Tata Motors being the leading gainers while Force motors and M&M are the leading losers. According to a leading financial daily, TVS Motor has decided to postpone its new motorbike launches to first half of 2015-16. The company's this move comes after its new launches fairing quite well. Further, the company has recently entered into a 20 m euro joint venture with BMW. Reportedly, their first product is expected to roll out in next 3-6 months. Over and above, TVS is also planning to expand its three-wheeler capacity from 10,000 units a month to 15,000 units over the next six months period. This is expected to raise its market share from 10-11% to 20% in the next four months.

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Jan 22, 2018 (Close)