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


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

Indian Markets open flat
Mon, 1 Jun 09:30 am

The major Asian stock markets have opened on a mixed note with stock markets in China (up 2.8%) and Hong Kong (up 0.6%) leading the gains. Stock markets in Singapore (down 0.7%) and Korea (down 0.8%) were leading the losses. US and European stock markets closed on a weak note in the week gone by. The rupee is trading at 63.72 per US dollar.

Indian markets opened the trading session on a flat note today. BSE Sensex and NSE-Nifty has opened the day higher by 0.08% each. BSE Mid Cap and BSE Small Cap index indices have also opened flat. Among the sectoral indices, auto and healthcare are the leading losers while realty and banking were leading the gains.

Mahindra & Mahindra (M&M) has announced its results for the quarter ending March, 2015. For the quarter, the tractor volumes and automobile volumes declined 30% and 12% respectively on a YoY (year-on-year) basis due to weak rural demand. Sales for the quarter fell 11% YoY to Rs 91.2 bn. However, the realizations improved sequentially for M&M, which helped arrest decline in sales. Consolidated operating margins for the quarter were reported at 11%, on weak volume offtake and higher discounting in the tractor segment. Further, the company also announced that it will be soon make launches in various categories for the upcoming period.

Engineering stocks today are trading on a mixed note with BEML Ltd and Opto Circuits witnessing maximum buying interest. As per a leading financial daily, Larsen & Toubro has reported a 27% drop in the net profit during the three months through March. The company has been watchful in recent quarters on the outlook for domestic demand for its engineering, construction and manufacturing goods. However the company said it is in the opinion that it would look to maintain a predominance of domestic business in future prospects.

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 "Indian Markets open flat". 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


Jan 16, 2018 02:57 PM