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  
Indian equity markets back in green 
(Thu, 14 Mar 01:30 pm) 
 
Indian equity markets have witnessed a sharp rise and are trading in green in post noon trading session. As per the available data, the Feb WPI inflation was at 6.84% vs 6.6% in Jan seems to have raised hope for rate cut. Majority of sectors are trading in green barring the stocks from consumer durables and auto. Maximum buying is witnessed in banking and realty stocks.

BSE-Sensex is up by 157 points and NSE-Nifty is trading up by 48 points. While BSE Mid Cap is trading up by 0.07%, BSE Small Cap index is trading down by 0.13%. The rupee is trading at 54.28 to the US dollar.

Most of the banking stocks are trading in green with Karnataka Bank and Laxmi Vilas bank are leading among gainers. As per the financial daily, ICICI Bank has constituted a inquiry committee to probe allegations that it is one of the Indian banks that run a nationwide money laundering racket. Reportedly, Cobrapost, an online magazine, claimed that as per its undercover investigation it was revealed that banks like ICICI Bank, HDFC Bank and Axis Bank run money laundering rackets. Further, money laundering services are offered as a standard product across the country. Cobrapost claims that it has captured the video tape of these banks who are running money laundering racket run by these banks.

FMCG stocks are trading mixed with Hindustan Unilever and Colgate being the biggest gainers and Godrej Consumer Products and Gillette India being the major losers. As per a leading financial daily, FMCG behemoth Hindustan Unilever (HUL) is contemplating to realize over Rs 3 bn by July 3013 . The proceeds will be realized through the sale of more than 55 high-end apartments in prime localities of Mumbai, Kolkata and a land parcel in Hyderabad. The company has earned over Rs 6.7 bn from the sale of real estate properties and residential apartments alone in the last four quarters. According to HUL, it continuously reviews assets including real estate to unlock business value from idling assets. Reportedly, the company's increased activity on the real estate front has been due to two reasons. Firstly, HUL executives have gradually shifted from company-owned to self-owned or rented apartments due to better tax savings. Secondly, the company has sold off or leased several properties including its erstwhile headquarters, Lever House, and Gulita property in Worli after shift in its headquarters to Andheri from south Mumbai in 2010. HUL has given leasehold rights of Gulita to Piramal Realty for Rs 4.5 bn.

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 "Indian equity markets back in green". 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 SENSEX


Jul 25, 2017 (Close)

MARKET STATS