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 firm
Wed, 6 Mar 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 capital goods sectors while FMCG was the only sector witnessing selling pressures.

The BSE Sensex is up by 107 points and NSE-Nifty is up by 32 points. BSE Mid Cap index and BSE Small Cap index were trading higher by 1.34% and 1.27%. The rupee is trading at 54.64 to the US dollar.

Auto stocks are trading on a mixed note with Tata Motors and Escorts leading the gains while Mahindra and Mahindra and Eicher Motor are leading the losses. According to a leading financial daily, workers at utility vehicle major, Mahindra and Mahindra have issued a notice to the management to go on strike after March 11, if their demands for higher wages are not settled by the company. The workers at the Nashik factory have been agitating for higher wages after a three year wage pact lapsed in February this year. Industry sources reveal that wage negotiations have been going on for over six months between the management and the workers. The workers have started showing signs of agitation and have demanded settlement of their charter of demands by Monday, failing which they threatened to start a production strike. It is relevant to note that production work was temporarily disrupted at the plant yesterday for about three hours, resulting in loss of production of 90 units.

All but two IT stocks, Patni Computers, Mphasis have traded in green in the last two hours of trade. According to a leading business daily, HCL Tech has delayed the joining dates for freshers who were given offer letters in 2011. The freshers were supposed to join anytime between August and December 2012. Protests were staged by the students in front of HCL Tech centres in Noida, Hyderabad, Chennai and Pune, following which the company confirmed that it would let the students know about the joining dates latest by August 2013. The company further commented that the delay has been due to changing business requirements; however, there should be no doubt with regard to HCL's commitment and the Company would honour all the offers it has given out, although some students may have to join HCL Tech's sister company, HCL Infrastructure. HCL Tech's share is trading up by 1.02%.

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 firm". 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 21, 2018 01:27 PM