Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian equity markets remain in green
Wed, 13 Feb 11:30 am

Indian equity markets have traded in green during the previous two hours of trade. The most noticeable upward movements have been witnessed in the realty and IT sectors while FMCG has faced the maximum selling pressure.

The BSE Sensex is up by 147 points and NSE-Nifty is up by 43 points. BSE Mid Cap index and BSE Small Cap index are trading higher by 0.93% and 0.68% respectively. The rupee is trading at 53.86 to the US dollar.

All except one Hotel stock, EIH Ltd are trading in the green with Oriental Hotels and Country Club leading the gains. The Indian Hotel Company Limited (IHCL) has announced its results for the quarter ended December 2012. The standalone company has reported a 4.4% YoY growth in sales and 28% YoY growth in net profit. The company's domestic business has been primarily responsible for the growth in sales. Operating margin has increased by 1% YoY while operating profit has increased by 7.8% YoY. Taking the 9 month period ending December 2012 into consideration and on a consolidated basis, the company has reported a 10.8% YoY increase in net sales and a wider net loss of Rs 411 m compared to a net loss of Rs 213 m in the same period last year. IHCL's share is trading up by 0.8%.

Automobile stocks are trading on a mixed note with Tata Motors and TVS Motors leading the gains while Eicher Motor and Bajaj Auto are leading the losses. As per a leading financial daily,Tata Motors' UK subsidiary, Jaguar Land Rover (JLR) has sold 34,877 vehicles during January 2013, registering a volume growth of 32% YoY. Jaguar itself has registered a strong sales growth of 40.3% YoY led by robust sales in the XJ and XF model, which rose by 70.4% and 36.8% YoY respectively. All markets have contributed to Jaguar's superior sales growth with China contributing the maximum at 164% YoY followed by the UK at 33.1% YoY. Land Rover sales have also grown at an excellent rate of 30.9% YoY in January 2013 with Evoque, Freelander and the new Range Rover leading the sales contribution.

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

Equitymaster requests your view! Post a comment on "Indian equity markets remain in green". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Feb 23, 2018 (Close)