After opening the day on a positive note, the Indian Indices are trading higher in the post noon trading session. Sectoral indices are trading on a mixed note with stocks from the steel and pharma sectors leading the gainers.
The BSE-Sensex is trading up 108 points (up 0.4%) and the NSE-Nifty is trading up 24 points (up 0.3%). The BSE Mid Cap index is trading up 1.1% and the BSE Small Cap index is trading up 1.2%. Gold prices, per 10 grams, are trading at Rs 26,881 levels. Silver price, per kilogram is trading at Rs 36,738 levels. Crude oil is trading in green at Rs 3,856 per barrel. The rupee is trading at 64.16 to the US dollar.
Banking sector stocks are trading mixed with Federal Bank and Karur Vysya Bank leading the gainers. HDFC Bank, the country's second largest private sector bank, has cut its base rate by 0.15%. This takes the new base rate to 9.7% per annum which has came into effect from June 15, 2015. This is the second base rate cut in the last three months. In April, the bank had cut its base rate by 0.15% to bring it down to 9.85%. This move has come after the Reserve Bank of India (RBI) cut the repo rate by 0.25% earlier this month. The stock of HDFC Bank is currently trading down by 0.5%.
As per a leading financial daily, Tata Consultancy Services (TCS), the country's largest software exporter, has launched a centre of excellence (CoE) dedicated to Research and Development at its campus in Hyderabad. This 10,000-square feet facility can accommodate 200 engineers who would be researching on futuristic technologies. The centre would focus on emerging communication technologies and also create innovative technology solutions. This will help in defining future standards. The centre will also collaborate with academic institutes & open source communities. The stock of TCS is trading down by 0.3%.