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Indian markets open in green
Thu, 9 Jul 09:30 am

The Indian equity market has opened in green after massive sell-off in yesterday's trade amid positive Asian cues. The Sensex today today is up by around 50 points (up 0.18%) and the NSE-Nifty is up by around 15 points (up 0.19%). Both Mid cap as well as the Small Cap stocks are also trading in the green with the S&P BSE Midcap and S&P BSE Smallcap indices up by around 0.4% each. Gains were largely seen in capital goods and healthcare sector.

With regards to international markets, Asian markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.69% while the Hang Seng is up 3.39%. US stocks closed lower by nearly 1.5% as continued concerns about Greece and the extended sell-off in the Chinese market weighed on investor sentiment. The Indian rupee has opened higher at 63.54 per dollar.

According to a leading financial daily, Infosys, a global leader in consulting, technology, outsourcing and next-generation services, and testing services, has signed a multi-year agreement with Deutsche Bank. Under the terms of the agreement, Infosys will provide these services across the Deutsche Bank Group and will also be a strategic partner under Deutsche Bank's Supplier Partnership Program. Deutsche Bank's Supplier Partnership Program was successfully launched in June 2014 to concentrate the most strategic vendors based on business impact across all categories of the bank. It is to be noted that Infosys enables clients, in more than 30 countries.

Stocks in auto sector traded on a positive note in opening trade with Ashok Leyland and Cummins India being the leading gainers. Shares of Bajaj Auto started the trading day on an encouraging note today. As reported in financial daily, the company has launched a new version of Discover 125 which is claimed to deliver a fuel efficiency of 82.4kmpl and is priced at Rs 53,096. The price difference between the new version and the old one is nearly Rs 3,000. The bike has identical graphics and other elements as in the old model, though it features an updated engine this time. Bajaj Auto is a $2.3 billion company and is world's fourth largest manufacturer in two and three-wheeler segment. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

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