X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
IT and energy stocks lead the gains 
(Fri, 14 Feb 11:30 am) 
 
After opening in the green, the Indian indices are trading above the dotted line in the morning session. The buying interest is highest in software and energy stocks. The selling pressure is the highest in mining and engineering stocks.

The BSE-Sensex is trading up 44 points and the NSE-Nifty is trading up 12 points. The BSE Mid Cap index is trading up 0.3% and the BSE Small Cap index is trading up 0.2%. The rupee is trading at 62.31 to the US dollar.

Most telecom stocks are trading higher today. Idea Cellular and Bharti Airtel are among the stocks leading the gainers. The 2G telecom spectrum auctions have finally come to an end. After 10 days of fierce bidding, the total amount that the government will collect will be Rs 611.62 bn. The incumbent GSM operators, Vodafone, Bharti Airtel and Idea Cellular have managed to retain the spectrum that they held, in the crucial 900 MHz band, in Delhi, Mumbai and Kolkata. However they have had to pay a steep price for the same due to competition from Reliance Jio. The new entrant has won spectrum, in the 1,800 MHz band, in 14 circles. Reliance Jio will now launch voice services along with 4G services, as it now has spectrum for both.

Aluminum stocks are trading mixed today. While Nalco is trading higher; Hindalco is trading lower. Hindalco has announced results for 3QFY14. The company's topline increased by only 5.5% YoY due to lower volumes. However due to lower input costs (as a percentage of sales), the operating profits increased by 8.1% YoY. The other income came in sharply lower by 35.8% YoY. This was largely the reason for a decline in net profits by 23% YoY. Higher tax expenses which rose by 23% YoY also hurt the bottomline. The weak demand environment as well as lower prices for the commodity affected the company's performance in the quarter. Hindalco is trading down 1.2% today.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "IT and energy stocks lead the gains". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE METAL


Aug 17, 2017 03:37 PM

S&P BSE METAL 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS