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 share markets firm up
Thu, 17 Apr 01:30 pm

Indian share markets continued to soar higher in the post-noon trading session. All the sectoral indices are trading in the green with realty, auto, and oil & gas stocks being the biggest gainers.

BSE-Sensex is up 246 points and NSE-Nifty is trading 50 points up. Both BSE Mid Cap and BSE Small Cap indices are trading up by 1.2% each. The rupee is trading at 60.4 to the US dollar.

Most of the FMCG stocks are trading in the green with Kokyo Camlin and Colgate being the major gainers whereas Marico and Godrej Consumer Products Ltd (GCPL) are among the few stocks trading in the red. As per a leading financial daily, the FMCG industry faced a severe slowdown in 2013 on account of a sharp pullback in the demand for the top five consumer good segments. According to data agency Nielsen, the top five FMCG segments namely biscuits, soap, washing powder, refined oil and salty snacks registered growth of 4%-10% in 2013 as compared to 15%-23% growth in 2012. This dragged down the overall growth of the FMCG industry to 9.4% in 2013, almost half of the 18% growth recorded in 2012. Snacks, packaged atta and rice, chocolates and non-refined oil were among the few segments that have grown by over 20% in 2013 mainly on account of efforts by companies to increase penetration.

All software stocks are trading firm with HCL Infosys and Wipro leading the pack of gainers. As per a leading business daily, India's second largest software major Infosys plans to reorganize and consolidate its data analytics operation as a separate vertical. Currently the company has presence in analytics as a sub operation across its various verticals. It plans to get them together as a separate vertical in order to expedite the process and scale thereby enabling growth. The creation of the data analytics vertical would entail recruitment of personnel in data sciences and statistics. Such move by Infosys is aimed at gaining back its leadership position in the software industry. The consolidation of analytics vertical is on similar line as earlier announced by another IT company, Wipro.

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 share markets firm up". 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.

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.

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.

More Views on News

Most Popular

Time to Buy Smallcaps? (Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners (Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away? (Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

This Fund Manager Has Taken the World by Storm. Will You Invest With Her? (Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?


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


May 7, 2021 (Close)