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 share markets remain buoyant 
(Mon, 21 Apr 01:30 pm) 
 
Indian share markets continued to trade higher in the post-noon trading session. Majority of the sectoral indices are trading in the green with capital goods, auto and metal stocks being the biggest gainers. Only FMCG, IT and realty stocks are trading in the red.

BSE-Sensex is up 84 points and NSE-Nifty is trading 24 points up. BSE Mid Cap is trading 0.8% up and BSE Small Cap index is trading up by 1.2%. The rupee is trading at 60.3 to the US dollar.

Most of the large software stocks are trading in the green with HCL Infosys and NIIT being among major gainers whereas Wipro and Moser Baer are trading in the red. As per a leading financial daily, Tata Consultancy Services (TCS) has entered into an agreement with Tokyo-based Mitsubishi Corporation for the formation of a single IT services unit in Japan. As per the agreement, TCS Japan, Nippon TCS Solution Centre (NTSC) and IT Frontier Corporation (ITF), Mitsubishi's 100% IT subsidiary will merge as a single entity. TCS will have a 51% stake in the merged entity that will commence operations from July and is expected to clock revenues of $600 m per annum. This deal is likely to increase the company's scale and range of global capabilities to service corporations in the Japanese market. Titan stock is currently trading up by 1.4%.

Majority of the Retail stocks are trading mixed with Future Retail and Titan Industries being among major gainers whereas Kouton Retail and Provogue are trading in the red. As per a leading financial daily, Titan Industries is aiming to expand to 2.5 folds of its current size over the next five years. Therefore, the company is planning to foray into new segments such as women's wear, accessories and personal lifestyle products and double its retail presence to 2,000 stores by 2019. Titan has outlined a capital expenditure of Rs 10 bn as part of the five-year plan. Presently, jewellery divison is the biggest division contributing more than 60% of overall revenues. This is followed by eyewear, watches and accessories that account for 20% of sales share with the balance coming from precision engineering. TCS derives about 7.5% of its consolidated revenues from the Asia Pacific region. TCS stock is presently trading marginally up.

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 share markets remain buoyant". 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 IT


Jul 21, 2017 (Close)

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS