X

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
  • MyStocks

MEMBER'S LOGINX

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

Realty & energy, major gainers
Mon, 4 May 01:30 pm

After opening firm, Indian share markets continued to surge in the post-noon trading session. All the sectoral indices are trading in the green. Realty and oil and gas stocks are the biggest gainers today.

BSE-Sensex is up 334 points and NSE-Nifty is trading 101 points up. S&P BSE Midcap is trading 0.9% up and S&P BSE Smallcap index is trading up by 1.7%. The rupee is trading at 63.65 to the US dollar.

Majority of the food & tobacco stocks are trading firm led by Sterling Biotech and United Spirits. As per a leading financial daily, Nestle is planning file an appeal against Madras High Court's interim order in favour of ITC. In 2013, ITC had filed a case against Nestle for infringing on the intellectual property rights after the latter launched 'Maggi Magical Masala' piggybacking on the success of ITC's 'Yippee Magic Masala'. Reportedly, Nestle is the market leader in the instant noodle market with a 72% volume market share whereas ITC has a market share of 18%. Such a favourable ruling may provide ITC headroom to grab additional market share in the instant noodle market. Both ITC and Nestle stocks are trading up by more than 2%.

Barring Tata Motors, all the automobile stocks are trading in the green with TVS Motors and Mahindra & Mahindra being the biggest gainers. As per a leading financial daily, Ashok Leyland has registered a 43% YoY jump in sale volumes to 8,435 units in the month of April. While the sales of its heavy and medium commercial vehicles grew by 45% YoY to 6,549 units, the offtake of light commercial vehicles were also up by 32% YoY to 1,886 units in April. Ashok Leyland stock is trading up by 2.4%.

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 "Realty & energy, major 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

5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS