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

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

  • MyStocks


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

Indian Markets Trim Early Gains
Mon, 14 Mar 01:30 pm

After opening the day firm, the Indian indices trimmed their gains and are presently trading on a flattish note. Sectoral indices are trading on a mixed note with stocks from the banking sector leading the gains and metal stocks leading the losses.

The BSE Sensex is trading up 96 points (up 0.4%) and the NSE Nifty is trading up 26 points (up 0.4%). The BSE Mid Cap index is trading up 0.3% while the BSE Small Cap index is trading up by 0.5%. Gold prices, per 10 grams, are trading at Rs 29,458 levels. Silver price, per kilogram is trading at Rs 37,690 levels. Crude oil is trading at Rs 2,563 per barrel. The rupee is trading at 67.06 to the US$.

Stocks in the automobile space are trading on a mixed note with Tube Investments and Maharashtra Scooters leading the gains. As per a leading economic daily, Tata Motors' Group global wholesales in February 2016, including Jaguar Land Rover, came in higher by 17% on a YoY basis. The cumulative wholesales for this fiscal stood at 9,47,504 units, higher by 8% YoY.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in February 2016 were 36,170 units, higher by 15%, compared to February 2015. The cumulative commercial vehicles wholesales for this fiscal were higher by 2% YoY at 3,46,394 units.

Global wholesales of all passenger vehicles in February 2016 were at 63,672 units, higher by 18%, compared to February 2015. The cumulative passenger vehicles wholesales for this fiscal at 6,01,110 units, was higher by 11%, over the last fiscal.

Global wholesales for Jaguar Land Rover were 52,313 vehicles. Jaguar wholesales for the month were 10,247 vehicles and cumulative wholesales were 88,736 vehicles. Further, Land Rover wholesales for the month were 42,066 vehicles and cumulative wholesales were 390,770 vehicles. Cumulative wholesales for Jaguar Land Rover for the fiscal were 479,506 vehicles.

The stock of Tata Motors witnessed buying interest and surged around 4% after the company reported above numbers. Going forward, while the build-up in MHCV volumes is expected to continue, Tata Motors expects the LCV segment to start showing signs of recovery and growth towards the end of FY16 and beginning FY17. In the passenger vehicles space, new products and mid-cycle enhancements will drive growth in the near to medium term. According to the company, it has outlined a product plan till 2020 as per which two new vehicle launches will be slated every year. As far as JLR is concerned, the fundamental strategy continues to be focused on new products, technology, and parallel investing in manufacturing capacities to grow profitably in the future. To know our view on the stock of the company, you can read our analysis of the third quarter results here (subscription required). Presently the stock of Tata Motors is trading up by 3.6%.

Stocks in the software space are trading on a mixed note with Tech Mahindra and NIIT leading the gains. In another news update, Wipro has won a multi-year engagement with NRGi, one of the top 5 utility providers in Denmark. As part of the contract, Wipro will develop a new IT platform to transform the utility company's CRM, Billing and Service Bureau operations.

Wipro will design, build, host and deploy a Customer Information System (CIS) for NRGi in a Platform as a Service (PaaS) model. The CIS as a Service solution is based on Oracle's Customer Care and Billing platform, Meter Data Management platform and Oracle CX Solutions. This platform will drive the digital transformation at NRGi to enable the utility company to become more customer centric. Also, this IT platform will enable NRGI to offer CIS services to other small to medium sized utility companies in Denmark through a 'Service Bureau' model, to boost its revenue growth.

Wipro is a global information technology, consulting and outsourcing company serving clients in over 175 cities across 6 continents. Presently its stock is trading down by 0.2%.

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 "Indian Markets Trim Early Gains". Click here!


Views on News

ITI Mid-Cap Fund: Investing in Potential Midcap Companies for Growth (Outside View)

Feb 26, 2021

PersonalFN analyses the features of ITI Mid-Cap Fund and explains the potential this fund has to offer to its investors.

NSE Glitch: Why Did the Market Go Up? (Fast Profits Daily)

Feb 26, 2021

In today's video, I'll discuss why thew stock market went up on Wednesday, 24 February 2021, when the NSE had to shut trading due to a technical glitch.

My Personal Checklist for Your Trading Success (Profit Hunter)

Feb 26, 2021

You my personal trading checklist and you will be well on your way to making it big as a trader.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

Refresh Your Investment Portfolio in 2021 to Align with Your Financial Goals (Outside View)

Feb 25, 2021

Timely review of your investment portfolio is the key, to enable stable returns and work towards your envisioned financial goals during various market phases.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living (Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.


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


Feb 26, 2021 (Close)