Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

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

Markets open with marginal gains
Thu, 5 May 09:30 am

Asian stock markets have opened the day on a mixed note. While stock markets in Taiwan (up 0.7%) and Singapore (up 0.1%) are trading firm, the markets in South Korea (down 0.9%), Indonesia (down 0.5%), China (down 0.5%) and Hong Kong (down 0.3%) are facing selling pressure. Indian stock markets have opened the day with marginal gains. Stocks from the oil and gas and capital goods space are trading firm. However, pharma and technology stocks are trading in the red.

The BSE-Sensex is trading higher by around 40 points (0.2%), while the NSE-Nifty is up by around 5 points (0.1%). Mid and small cap stocks are trading in the green with both the BSE Midcap index and BSE Small cap index up by 0.3% and 0.2% respectively. The rupee is trading at 44.59 to the US dollar.

Banking stocks have opened the day on a firm note with Bank of India, Allahabad Bank and Andhra Bank leading the gains. However, Punjab National Bank (PNB) is trading weak. PNB reported its full year 2010-2011 (FY11) results. The bank recorded a 39% YoY increase in its net interest income. The growth was on the back of the 30% YoY growth in advances during the year. The net interest margin was higher at 4.0% as compared to the 3.6% seen in FY10. Other income recorded a muted growth of 5% YoY during the year. However, provisions increased by 75% YoY. This led to a 14% YoY growth in net profits. Net non-performing assets (NPA) stood at 0.845% of net advances at the end of March 2011. This is higher than the 0.53% seen during FY10. However, it still remains one of the lowest NPA levels in the industry. Capital adequacy ratio for the bank stood at 12.4% as per Basel II norms. The bank has declared a final dividend of Rs 22 per share which translates to a dividend yield of 2% at current prices. However, dividend payout ratio has declined to 15% as compared to the historic levels of 17.5%.

Auto stocks have opened the day on a strong note with Hero Honda leading the pack of gainers. The stocks of Ashok Leyland, Mahindra & Mahindra (M&M) and Tata Motors are also trading firm. Hero Honda has announced its results for the quarter and full year ended March 2011. The company's topline grew by 31% YoY during the quarter and 17% YoY during the full year. While operating profits grew at lower rate of 17% YoY during 4QFY11 (fourth quarter 2010-2011), the same declined by 5% YoY for the year ended FY11. The major reason for the subdued operating performance was high raw material costs. During the quarter, the bottomline dropped by 16% YoY on the back of a poor operating performance and a near fivefold jump in depreciation charges. For FY11, the net profits dipped by 14% YoY. The company has announced a dividend of Rs 35 per share for FY11.

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 "Markets open with marginal gains". Click here!

  

Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark (Today's Market)

Feb 26, 2021 02:30 pm

The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

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

S&P BSE SENSEX


Feb 26, 2021 (Close)

MARKET STATS