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?  

Energy stocks lead the rally
Thu, 16 May 11:30 am

Indian equity markets continued to trade in the green during the previous two hours of trade. Sectoral indices traded strong led by energy and healthcare stocks.

The BSE-Sensex is trading higher by 103 points and NSE-Nifty is trading up by 27 points. BSE Mid Cap and BSE Small Cap indices are trading up by 0.8% and 0.4% respectively. The rupee is trading at 54.72 to the US dollar.

Telecom stocks are trading strong led by MTNL and Tata Teleservices. As per the Cellular Operators Association of India, Vodafone and Idea Cellular have added more customers in the month of April as compared to Bharti Airtel. Vodafone India added over 1.4 m customers while Bharti Airtel could manage only an addition of 0.6m during April. Idea added over 1.3 m subscribers last month. This implies that the country's largest mobile operator has been losing its market share. Its market share fell from 28.5% in March to 28.4% in April. We may note here that Vodafone recently overtook Bharti to become leading mobile operator in the rural India. The stock of Bharti Airtel is currently trading up by 0.5%.

Automobile stocks are trading strong led by Tube Investments and Ashok Leyland. As per a leading daily, the UK arm of Ashok Leyland, Optare has inked a strategic partnership pact with Dawsonrentals. We may note here that Dawsonrentals is a leading European asset rental business company. Ashok Leyland had acquired 26% stake in Optare in 2010 with a view to penetrate into European markets. The Indian auto company had further increased its share in Optare in 2011. Under the pact, Optare will receive order for 5o new buses from Dawsonrentals. On the other hand, Dawsonrentals will be eligible to use the international sales force of Ashok Leyland. Dawsonrentals will use the sales force especially for right-hand drive markets.

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 "Energy stocks lead the rally". 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

ASHOK LEYLAND SHARE PRICE


Feb 16, 2018 (Close)

TRACK ASHOK LEYLAND

  • Track your investment in ASHOK LEYLAND with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ASHOK LEYLAND - HERO MOTOCORP COMPARISON

COMPARE ASHOK LEYLAND WITH

MARKET STATS