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?  

Indian markets trade strong
Tue, 18 Mar 11:30 am

After opening firm, the Indian Indices are trading well above the dotted line in the morning session. Apart from software stocks, all sectoral indices are trading in the green. The buying interest is highest energy and banking stocks.

The BSE Sensex is trading up 140 points and the NSE-Nifty is trading up 45 points. The BSE Mid Cap index is trading up 1.1% and the BSE Small Cap index is trading up 0.8%. The rupee is trading at 60.93 to the US dollar.

Most software stocks are trading lower today. Tata Consultancy Services (TCS) and Infosys are among the stocks leading the losses. India's second largest software firm, Infosys, has been selected as a strategic partner by global automobile giant Volvo. Under the partnership, Infosys will provide application development services to Volvo's global operations. It will involve Infosys, enhancing the innovation capability of, as well as reducing operating costs for the auto firm. Infosys will cover domains like marketing and sales, customer service, manufacturing, product development, and several corporate functions. The delivery will be largely offshore in nature. The financial details of the partnership were not disclosed by Infosys. Volvo has been a client of Infosys since 2010. Infosys is trading down 0.4% today.

Most telecom stocks are trading higher today. Reliance Communications and Tata Teleservices are among the stocks leading the gainers. As per a leading business daily, India's newest telecom service provider, Reliance Jio Infocomm Ltd (RJIL), has announced a tie up with Viom networks, to lease telecom towers. RJIL is planning to launch voice and data services across India later this year. For this purpose it has already tied up with Reliance Communications, Bharti Airtel and Bharti Infratel for tower sharing agreements. Viom has about 42,000 thousand mobile phone towers pan-India. Viom networks is a joint venture between SREI Infrastructure and Tata Teleservices. No financial details were disclosed about this agreement.

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 trade strong". Click here!

  

Related Views on News

INFOSYS Announces Quarterly Results (3QFY21); Net Profit Up 16.8% (Quarterly Result Update)

Jan 14, 2021 | Updated on Jan 14, 2021

For the quarter ended December 2020, INFOSYS has posted a net profit of Rs 52 bn (up 16.8% YoY). Sales on the other hand came in at Rs 259 bn (up 12.3% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

INFOSYS Announces Quarterly Results (2QFY21); Net Profit Up 20.3% (Quarterly Result Update)

Oct 15, 2020 | Updated on Oct 15, 2020

For the quarter ended September 2020, INFOSYS has posted a net profit of Rs 49 bn (up 20.3% YoY). Sales on the other hand came in at Rs 246 bn (up 8.6% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

INFOSYS 2019-20 Annual Report Analysis (Annual Result Update)

Aug 5, 2020 | Updated on Aug 5, 2020

Here's an analysis of the annual report of INFOSYS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of INFOSYS. Also includes updates on the valuation of INFOSYS.

INFOSYS 2018-19 Annual Report Analysis (Annual Result Update)

May 21, 2019 | Updated on May 21, 2019

Here's an analysis of the annual report of INFOSYS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of INFOSYS. Also includes updates on the valuation of INFOSYS.

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.

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.

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.

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


Feb 26, 2021 (Close)

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS