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 Markets Trade Firm
Mon, 4 Jul 11:30 am

After opening the trading week on a firm note, Indian markets continue to trade strong amid positive international markets. Barring FMCG, all the sectoral indices are trading above the dotted line with oil & gas and PSU sector leading the gains.

The BSE Sensex is trading higher by 192 points and the NSE Nifty is trading higher by 56 points. The BSE Mid Cap index and the BSE Small Cap index are trading higher by 0.8% and 1.1% respectively. The rupee is trading at 67.17 to the US$.

Buying activity is witnessed across many of the food and tobacco stocks with Britannia and Godfrey Phillips leading the gains. According to a leading financial daily, ITC plans to add 6-7 boutiques of luxury chocolate brand Fabelle at its hotels over the next 15 months. The company at present sells Fabelle through a boutique at its hotel ITC Gardenia, Bengaluru.

The company is also looking at expanding offering in the instant noodles category. ITC consolidated its presence in instant noodles category with brand Yippee, post the Maggi controversy last year.

Last week, ITC had announced that it would be investing Rs 40 billion over the next 2-3 years to set up 8-9 factories across the country for manufacturing of food products.

ITC's branded packaged foods division (Subscription Required) grew by around 11% to clock a turnover of Rs 70.97 billion in 2015-16. It is to be noted that food is the second largest business for ITC after cigarettes. ITC is presently trading down by 2.3%.

Moving on to news from steel sector. According to an article in The Livemint, Tata Steel is set to 'pause' the auction of its UK steelworks amid uncertainty over the impact of Britain's decision to leave the European Union (EU). The board is yet to make a formal decision but is under less pressure to sell after a jump in steel prices, which has cut losses at the south Wales site.

As per the reports, the company will reportedly stall the auction to await the outcome of a UK government deal to cut its £14 billion pension liabilities as well as talks on EU trade deals. The UK steel industry has been hit by high energy costs, inefficient output and a flood of cheap Chinese exports.

Tata Steel reported a 12.4% decline in the topline while the bottom line was in red in 4QFY16 (Subscription Required). Tata Steel is trading up by 1.4%.

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 Markets Trade Firm". Click here!

  

Views on News

Why Rising Bond Yields Spooked the Market (Fast Profits Daily)

Mar 2, 2021

The stock market has been worried about rising bond yields recently and for good reason. In this video, I'll tell you why.

Bond Yields Are Surging. What Should Be Your Debt Funds Strategy (Outside View)

Mar 2, 2021

Bond Yields are surging. PersonalFN explains the outlook for Debt Markets and what should be your debt funds strategy in a rising interest rate scenario.

Such China Challenger Stocks are STILL Ignored and Undervalued (Profit Hunter)

Mar 2, 2021

Don't mistake defence stocks to be the only China challengers.

Beware the Ides of March (Fast Profits Daily)

Mar 1, 2021

The month of March is usually difficult for traders. This time it will be even more so. Find out why in this video.

UTI Nifty200 Momentum 30 Index Fund: Aims to Benefit from Momentum Investing Strategy (Outside View)

Mar 1, 2021

PersonalFN analyses the features of UTI Nifty200 Momentum 30 Index Fund and explains the potential this fund has to offer to its investors.

More Views on 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.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

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


Mar 2, 2021 (Close)

MARKET STATS