Indian Indices Trade on a Flattish Note

Mon, 30 May 11:30 am

   Previous Close   

   Pre-Open   

   09:30 am   

   01:30 pm   

   Closing   

After opening the day on a positive note, the Indian stock markets registered some losses and are presently trading near the dotted line. Sectoral indices are trading on a mixed note with stocks from the IT and metal sectors leading the gains. Power and oil & gas stocks are trading in the red.

The BSE Sensex is trading up by 32 points (up 0.1%) and the NSE Nifty is trading up by 10 points (up 0.1%). The BSE Mid Cap index and the BSE Small Cap index are also trading in the green, up by 0.1% and 0.3%, respectively. The rupee is trading at 67.32 to the US$.

Engineering stocks are trading on a mixed note with Crompton Greaves and Elgi Equipments leading the gains. Bharat Heavy Electricals Ltd (BHEL) reported its results for the quarter ended March, 2016.

The company's net profit declined 59% YoY to Rs 3.6 billion during the quarter. Revenue declined 21% YoY to Rs 97 billion. Further, EBITDA (earnings before interest, taxes, depreciation and amortization) margin came in at 3.6%. This was much lower than estimates of 7% and was impacted by provisions of Rs 9.5 billion, which includes Rs 3.5 billion towards doubtful debts.

The company received orders worth Rs 156 billion in the fourth quarter. As such, the outstanding order book stood at Rs 1,100 billion as of March 31, 2016. However, the company has stated that projects worth about Rs 500 billion are relatively stressed and hence are likely to move at a slower pace.

BHEL is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing company of its kind in India. It produces a wide variety of industrial goods. The company recently commissioned 250 megawatt (MW) thermal power plant in Maharashtra. The company has been a major partner in the power development programme of the state and has contributed to more than 16,000 MW of power generation capacity in Maharashtra. This is recorded as its highest power generation capacity in any single state. Presently the stock of the company is trading down by 3.6%.

Moving on to the news from commodity space. Crude oil is witnessing buying interest today. At the time of writing, crude oil was trading at Rs 3,315 a barrel, up by 0.15%.

These gains are seen as recent reports stated that US crude stocks dropped by 5.1 million barrels to 536.8 million during the last week. The commodity witnessed buying interest after the announcement and touched US$50 per barrel mark last week.

Marketmen are now eyeing upcoming meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna where a deal on capping production is to be discussed.

One of the articles from Vivek Kaul's Diary has discussed what the Modi government will do if oil prices continue to go up.

To keep a regular tab on the movements in crude oil prices, you can read weekly market commentary from the Daily Profit Hunter team. Their weekly commentary tracks the developments in the global economy as well as equity, currency and commodity 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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers