Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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

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?  

Dear Visitor: Equitymaster will be under maintenance from 10:00AM to 11.30AM on Sunday, 25 March 2018. During this period, our websites will be accessible though there is a possibility of some intermittent accessibility issues. Please bear with us. We are taking yet another step to make browsing Equitymaster a much faster experience! Thank you.

Oil and gas stocks lead gainers
Thu, 25 Apr 01:30 pm

Indian stock markets continued to trade in green in the post noon trading session. Stocks from the oil and gas and auto sectors are in favour, while the stocks from information technology (IT) and consumer durable sectors are witnessing selling pressure.

BSE-Sensex is up by 141 points and NSE-Nifty is trading up by 32 point. While BSE Mid Cap is trading up by 0.63%, BSE Small Cap index is trading up by 0.29%. The rupee is trading at 54.22 to the US dollar.

Most of private banking stocks are trading in the green with Axis Bank and Indusind Bank leading the gains. As per a financial daily, Axis Bank has appointed KPMG for forensic investigation into alleged money laundering case. KPMG is one of the large consulting firms and is appointed as external investigator by the bank. Reportedly, as the part of investigation 20 employees who have been suspected for the involvement of the issue were moved to administration department. On Tuesday, HDFC Bank, had suspended around 21 employees who were allegedly involved in the case. HDFC Bank is evaluating the suspension and will take decision once the final report by the investigators is given. HDFC Bank has also appointed Deloitte as the external investigator. It must be noted that it was around a month back that the three private banks viz., ICICI Bank, HDFC Bank and Axis Bank were probed for an alleged involvement in money laundering. Since then the said banks are working with various investigators to resolve the issue.

Majority of automobile stocks are trading in the green with Force Motors and Tata Motors being the major gainers. As per a leading financial daily, Maruti Suzuki India (MARUTI) is considering merging its seven wholly-owned subsidiaries with itself. The seven wholly-owned subsidiaries that are engaged in varied businesses are Maruti Insurance Business Agency, Maruti Insurance Agency Services, Maruti Insurance Distribution Services, Maruti Insurance Agency Logistics, Maruti Insurance Agency Solutions, Maruti Insurance Agency Network and Maruti Insurance Broker. The proposal for amalgamation is likely to be considered at the company's Board meeting to be held on 26th April 2013. This latest merger proposal has come at a time when there has been a change in the company's top management. The company's stock is currently up by 2.8%.

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 "Oil and gas stocks lead gainers". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Mar 23, 2018 (Close)