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?  

Indian stock markets inch upwards
Wed, 24 Jun 11:30 am

After opening the day in the green the Indian stock market indices have surged upwards. Buying interest is seen in Pharmaceutical sector.

The BSE-Sensex is trading up by 83 points (0.30%) and the NSE-Nifty is trading up by 22 points (0.27%). The S&P BSE Midcap index is trading up by 0.18%, while the S&P BSE Smallcap index is trading up by 0.27% today. The rupee is trading at 63.68 to the US dollar. Gold and Silver are trading at Rs 26,644 per 10 grams & Rs 36,091 per kilogram respectively.

Stocks in Engineering sector are trading on a negative note with Larsen and Toubro (L&T) trading down by 0.16% and Voltas trading down by 2.51%. L&T rallied over 2% in yesterday's trade on reports that the company would list its IT service company L&T Infotech by the end of the calendar year 2015. L&T owns 100% shares of L&T Infotech, which it intends to dilute by 10-12%. L&T Infotech posted a net profit of Rs 7.6 bn and EBIDTA margins were at 20% levels for the fiscal year 2014-2015. L&T Infotech derives around 65% of its revenues from the US, another 20% from Europe and the balance from the rest of the world. L&T Infotech has shown a compounded annual growth rate (CAGR) of 27% in sales and 33% in adjusted net profits during FY 2011-2014. At the reported offer size the price to earnings valuations works out to be about 20 times.

Stocks in Automobile sector are trading on a negative note with Tata Motors trading down by 0.28% and Maruti Suzuki Ltd trading down by 0.59%. Tata Motors, India's largest automobile manufacturer announced its association with tyre manufacturer Ceat Ltd and mobile commerce platform Paytm, as new partners in Tata Motors Loyalty Programmes- Tata Delight and Tata Emperor. The partnership will enable the customers to accumulate and redeem points through transactions made on Paytm

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 "Indian stock markets inch upwards". Click here!

  

Related Views on News

L&T Announces Quarterly Results (3QFY21); Net Profit Up 5.1% (Quarterly Result Update)

Jan 28, 2021 | Updated on Jan 28, 2021

For the quarter ended December 2020, L&T has posted a net profit of Rs 26 bn (up 5.1% YoY). Sales on the other hand came in at Rs 356 bn (down 1.8% YoY). Read on for a complete analysis of L&T's quarterly results.

L&T 2019-20 Annual Report Analysis (Annual Result Update)

Aug 6, 2020 | Updated on Aug 6, 2020

Here's an analysis of the annual report of L&T for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of L&T. Also includes updates on the valuation of L&T.

L&T Announces Quarterly Results (1QFY21); Net Profit Down 63.9% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, L&T has posted a net profit of Rs 6 bn (down 63.9% YoY). Sales on the other hand came in at Rs 213 bn (down 28.3% YoY). Read on for a complete analysis of L&T's quarterly results.

Siemens Soars 8% amid Strong Margin Growth. Can the Stock See More Gains? (Views On News)

May 12, 2021

A key highlight of Siemens' March quarter results was its robust operating performance.

Greaves Cotton Q4 Net Profit Soars 130% on EV Sales (Views On News)

May 5, 2021

The revenue of its e-mobility business grew 155% YoY to an all time high of Rs 680 m. Can it go higher?

More Views on News

Most Popular

Is Intraday Trading For You? (Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution (Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

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 CAPITAL GOODS


May 14, 2021 (Close)

S&P BSE CAPITAL GOODS 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS