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?  

IT stocks lead the gains
Mon, 14 Jun 09:30 am

The Indian markets have started today's session on a positive note, led by stocks from the IT and oil & gas sectors. The benchmark indices opened at the breakeven mark but soon surged into the green. They have managed to hold on to their gains since then. Other key Asian markets are also in the green with Japan (up 1.6%) leading the pack of gainers. The US markets closed higher by 0.4% last Friday.

The BSE-Sensex is trading higher by around 170 points, while the NSE-Nifty is up by about 40 points. Buying interest is also being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.8% and 0.7% respectively. The rupee is trading at 46.83 to the US dollar.

Telecom stocks have opened the day on a positive note. Gainers here include Reliance Communications and MTNL. As per a leading business daily, Reliance Industries' total investment in telecom, including the acquisition of 95% of Infotel Broadband, is likely to come to around Rs 220 bn. The initial capital expenditure on physical infrastructure for rolling out broadband services will be over Rs 45 bn. It will also pay Rs 129 bn to the government as license fee for spectrum bagged by Infotel, which will now become a subsidiary of Reliance Industries. Interestingly, the company is open to sharing infrastructure with Anil Ambani's Reliance Communications. The possible partnership will be based on two main areas of infrastructure sharing in the form of fibre optic cables and towers to save costs and time. Reliance Communications has close to 50,000 towers, around 190,000 kms of fibre optic connecting over 1 m buildings across 44 cities with over 1.4 m access lines, and 9 data centres. With such telecom infrastructure, it will be much that much easier for RelianceIndustries to offer IPTV or fixed broadband phones.

FMCG stocks have opened the day on a positive note. Gainers here include Marico and HUL. As per a leading business daily, Godrej Consumer is more or less done with global acquisitions and is unlikely to make any major acquisition in the next two years. In fact, the company is likely to wind up its FMCG portfolio cell, which was created especially to pursue inorganic growth strategies. It may be noted that the group has doubled its FMCG turnover to over Rs 40 bn in the last two years. So far this year, it has made four overseas acquisitions, which include Tura in Nigeria, Megasari in Indonesia and Issue group and Argencos in Argentina. Now, it has set the objective of doubling the FMCG turnover to around Rs 80 bn in three years for which it is likely to focus on consolidating its acquisitions

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 "IT stocks lead the gains". Click here!

  

Stock Market Updates

Bloodbath on Dalal Street: 6 Reasons Why Sensex Nosedived 1,939 Points Today (Today's Market)

Feb 26, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.

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%).

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