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
  • MyStocks

MEMBER'S LOGINX

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

Mid, smallcaps outperform largecaps
Tue, 25 Mar Closing

The Indian stock markets ended the day on a mixed note with the BSE-Sensex closing flat, while the NSE-Nifty ended higher by about 6 points or 0.1%. Stocks from the power and capital goods spaces were amongst the top performers today, while those from the information technology and oil and gas spaces were not in favour. The BSE Mid Cap and BSE Small Cap indices ended the day on a firm note with gains of about 0.6% and 0.2% respectively.

Stock markets in other parts of Asia ended the day on a mixed note with China closing marginally higher, while Japan and Hong Kong closed lower by about 0.4% and 0.5% respectively. The rupee was trading at Rs 60.49 to the dollar at the time of writing.

Stocks of information technology companies ended the day on a weak note with Wipro, HCL Technologies and Infosys leading the pack of losers. As per a leading business daily, Tata Consultancy Services (TCS) has won a multi-million deal from GDF Suez, one of global leaders in the energy sector. It is believed that the deal has been won by its newly integrated entity which came out of its acquisition of Alti SA in July 2013. The scope of work is to improve GDF's strategic objective in making its business efficient and more competitive in Europe and as well as other global region. TCS has been operating in France since 1992 and has over 50 clients that include several of the CAC 40 index companies. Though the financial details for the deal have not been disclosed, it is considered to be a landmark deal for the company in the region. The stock of TCS ended with marginal losses today.

Stocks of textile companies ended the day on a firm note led by Arvind Limited, Welspun India and Grasim Industries. As per a leading business daily, Arvind Limited is looking to expand its denims portfolio in the premium category as it has brought in the brand 'Calvin Klein' under its stable. The denim market in India is believed to have a size of Rs 65 bn and is expected to rise to Rs 130 bn by 2017. It is believed that the mid to premium denim category forms about 15% of the market, while the luxury segment contributed to about 16%. As reported by the Hindu Business Line, the unbranded segment forms about 58% of the overall market. This is a positive development for the company as it would allow it to expand its presence in the premium category of the segment. The stock of Arvind Limited closed higher by about 5.8% today.

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

Equitymaster requests your view! Post a comment on "Mid, smallcaps outperform largecaps". 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

5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS