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  
Energy & banking stocks, major gainers 
(Thu, 13 Mar 01:30 pm) 
 
Indian share markets continued to remain firm in the post-noon trading session. Barring IT and pharma, all the sectoral indices are trading in the green with oil & gas, banking and engineering stocks being the biggest gainers.

BSE-Sensex is up 81 points and NSE-Nifty is trading 30 points up. BSE Mid Cap is trading 0.7% up and BSE Small Cap is trading up by 0.6%. The rupee is trading at 61.0 to the US dollar.

As per a leading financial daily, the index of industrial production (IIP) bounced back recording a growth of 0.1% in January. Backed by higher power generation and increased mining output, IIP returned to the growth track after contracting for three straight months. However, the manufacturing sector remained dismal recording a contraction of 0.7% in January as compared to a 2.7% growth in the year-ago period. For the cumulative period April 2013- January 2014, IIP remained static vis-a-vis a 1% growth clocked in the corresponding period last year.

Most of the large IT stocks are trading in the green with Moser Baer and Tech Mahindra being the biggest gainers whereas Infosys is the biggest loser. As per a leading financial daily, both BSE and NSE have approved the merger of Mahindra Engineering Services with Tech Mahindra, saying that the amalgamation does not violate securities laws norm. The Boards of the two companies had given a go-ahead for the amalgamation in November 2013 itself. The no-objection approval has a validity period of six months and in this stipulated time-frame; the company would have to file the scheme with the High Court for further clearance. Tech Mahindra's stock is trading up by 0.9%.

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 "Energy & banking stocks, major gainers". Click here!

  
 

S&P BSE IT


Jun 23, 2017 02:16 PM

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS