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 stock markets extend gains
Mon, 11 May 01:30 pm

The Indian stock markets continued to trade in green in the post noon trading session. All the sectoral indices are trading firm with banking and auto sectors witnessing maximum buying interest.

The BSE-Sensex is trading up by 368.9 points (1.4%) while the The 50 share NSE-Nifty is also quoting up by 118 points (1.4%). BSE Mid Cap index is trading up by 1.8% and the BSE Small Cap index is trading up by 1.2%. The rupee was trading at 63.9 to the US dollar at the time of writing. Gold prices are trading at Rs 26,855 levels and silver prices are trading at Rs 37,881 levels. Crude oil is trading at Rs 3,815 levels.

Food and tobacco stocks are trading mixed with Wadala Commodities and Godfrey Phillips being the leading gainers. As per a leading financial daily, FMCG firm GSK Consumer Healthcare Ltd reported a 14.6% increase in net profit at Rs 1.97 bn for the quarter ended March 2015. In the year ago quarter the company had reported a profit of Rs 1.72 bn. Net sales of the company were up by 8% at Rs 11.65 bn in the quarter against Rs 10.79 bn in the corresponding period last year. The performance drivers enabling the jump in quarterly results, as company stated, were market penetration, greater access to products, and cost efficiency. In a separate filing, the company's Board of director has recommended a dividend at the rate of Rs 55 per share of Rs 10 each. The stock of GSK Consumer is trading down by 0.3%.

Paint stocks are also trading mixed with Jenson and Nicholson and Asahi Songwon being the top gainers. Kansai Nerolac Paints, the second largest paint company in India, is all set to invest Rs 3.5 bn to set up a new plant in Gujarat. The manufacturing unit will have a capacity of 42,000 tonnes per year, which is expandable in phases. The company also on Saturday reported a 34.6% increase in standalone net profit at Rs 0.6 bn for the fourth quarter ended March 31 as against 0.45 bn in the corresponding quarter for the last fiscal. Net sales during the quarter stood at Rs 8 bn, an increase of 7.71% compared with Rs 7.5 bn in the year ago quarter. The Board of Directors of the company also recommended a dividend of Rs 1.40 per share.

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 stock markets extend gains". Click here!


Views on News

I Found My Guru. Have You Found Yours? (Fast Profits Daily)

Feb 24, 2021

In this video, I'll tell you about the need to find a guru early in your career and how I found mine.

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.

Why Senior Citizens Need To Choose Their Tax-Saving Avenues Thoughtfully (Outside View)

Feb 24, 2021

Senior citizens while exploring tax-saving avenues, must keep in mind these top three priorities: capital protection; regular income; and managing healthcare and retirement-related expenses well.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

Make Trading Profits All Day Long (Fast Profits Daily)

Feb 23, 2021

In this video, I'll show you how to how to profitably trade stocks, commodities, and currencies on the same day.

More Views on News

Most Popular

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.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years (Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

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.


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


Feb 24, 2021 (Close)