Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

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

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!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Energy & banking stocks, major gainers". Click here!

  

Related Views on News

Tech Mahindra Shares Fall After Q4 Results. What Should Investors Do? (Views On News)

Apr 27, 2021

Tech Mahindra forecasts double digit growth driven by strong demand from clients.

TECH MAHINDRA Announces Quarterly Results (3QFY21); Net Profit Up 16.1% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, TECH MAHINDRA has posted a net profit of Rs 13 bn (up 16.1% YoY). Sales on the other hand came in at Rs 96 bn (down 0.1% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

TECH MAHINDRA Announces Quarterly Results (2QFY21); Net Profit Down 4.3% (Quarterly Result Update)

Oct 26, 2020 | Updated on Oct 26, 2020

For the quarter ended September 2020, TECH MAHINDRA has posted a net profit of Rs 11 bn (down 4.3% YoY). Sales on the other hand came in at Rs 94 bn (up 3.3% YoY). Read on for a complete analysis of TECH MAHINDRA's quarterly results.

L&T Technology Shares Fall After Q4 Results. What Should Investors Do? (Views On News)

May 5, 2021

Despite strong deal wins and a low base in FY21, a big turn-off for investors was the muted FY22 revenue growth guidance.

Why Did HCL Tech Shares Plunge Today? (Company Info)

Apr 26, 2021

Key takeaways from HCL Technologies Q4FY21 results.

More Views on News

Most Popular

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Worst Sector in the Market (Fast Profits Daily)

May 11, 2021

The worst sector in the stock market according to the charts.

The Key to Profit from India's EV Revolution (Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

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

S&P BSE IT


May 14, 2021 03:17 PM

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS