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?  

Small, midcaps not in favour today
Mon, 7 Feb 01:30 pm

The Indian markets continued to trade above the dotted line during the previous two hours, albeit amidst a good amount of volatility. Currently, stocks from the FMCG, realty and oil & gas spaces are amongst the most favored, while those from the healthcare, consumer durables and capital goods are seeing some pressure.

The BSE-Sensex is trading higher by 70 points (up 0.4%) while the NSE-Nifty is trading higher by about 10 points (up 0.2%). Stocks from the mid and smallcap spaces do not seem to be in favour today as the BSE Small cap Index is down by about 0.4%, while the BSE Midcap Index is trading lower by about 0.7%. The rupee is trading at 45.58 to the US dollar.

Stocks forming part of the BSE-Healthcare Index are currently trading weak led by Ipca Labs, Dishman Pharma, Cipla and Ranbaxy. Aurobindo Pharma announced its results for the quarter ended December 2010 recently. The company's consolidated revenues increased by 30% YoY. Growth during the quarter was led by the company's formulations business which grew by 53% YoY and formed about 59% of revenues. The company's operating profits increased at marginally stronger pace (32% YoY) as expenses increased at a marginally lesser pace on a year on year basis. As a result, operating margins expanded to 26.8% from 26.5% during 3QFY10. Despite a strong operating performance, Aurobindo's profits grew by 16% YoY during the quarter. The key reason behind the same was lower forex gains. In addition, the company was also impacted by higher tax charges during the quarter. The company filed for 15 ANDA in the US during the quarter taking its cumulative filing to 200.

Banking stocks are mostly trading weak with Central Bank, Oriental Bank and Indian Bank leading the losses. However, Canara Bank and SBI have managed to find some favour. The country's largest lender, SBI has set a target to achieve rural business worth Rs 4.8 trillion by end of financial year ending March, 2011. Of this, Rs 3 trillion is expected in deposits and Rs 1.8 trillion in rural advances. At present, SBI's rural deposits stand at Rs 2.9 trillion and rural advances at Rs 1.6 trillion. The rural deposits constitute 36% of SBI's total deposits while 32% of the total advances went to villages. The bank extends credit to micro finance institutions (MFI) all across the country, except in Andhra Pradesh.

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 "Small, midcaps not in favour today". Click here!


Stock Market Updates

INDIABULLS REAL EST Share Price Up by 5%; BSE REALTY Index Up 0.1% (Today's Market)

Mar 5, 2021 09:34 AM

INDIABULLS REAL EST share price is trading up by 5% and its current market price is Rs 122. The BSE REALTY is up by 0.1%. The top gainers in the BSE REALTY Index is INDIABULLS REAL EST (up 5.5%). The top losers are PHOENIX MILL (down 0.4%) and MAHINDRA LIFESPACE (down 0.7%).

MRPL Share Price Up by 6%; BSE OIL & GAS Index Up 1.5% (Today's Market)

Mar 5, 2021 09:28 AM

MRPL share price is trading up by 6% and its current market price is Rs 45. The BSE OIL & GAS is up by 1.5%. The top gainers in the BSE OIL & GAS Index is MRPL (up 5.7%). The top losers are CASTROL INDIA (down 0.3%) and PETRONET LNG (down 0.8%).

SGX Nifty Plunges 158 Points; Indicates Gap-Down Opening for Indian Stock Markets (Today's Market)

Mar 5, 2021 SGX Nifty

Trends on SGX Nifty indicate a negative opening for Indian stock markets.

Indian Oil Corporation Asset Monetisation Plan, MTAR and Easy Trip Planners IPO, and Buzzing Stocks Today (Today's Market)

Mar 5, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

How Much Money For Day Trading?(Fast Profits Daily)

Feb 22, 2021

In this video, I'll show you how to allocate your capital as a day trader.


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


Mar 5, 2021 09:46 AM