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?  

Smallcap stocks in the limelight
Fri, 15 Jul 11:30 am

Indian stock markets slipped into the red on profit booking in heavy weights over the last two hours of trade. Stocks from the auto and metals space are trading weak, while stocks from the IT and power space are trading firm.

The BSE-Sensex is trading down by 37 points while NSE-Nifty is trading 17 points below the dotted line. BSE Midcap index is trading flat while BSE Small cap index is trading 0.2% above yesterday's closing. The rupee is trading at 44.48 to the US dollar.

Food and tobacco stocks are trading mixed with VST Industries and Agro Tech Foods trading firm, while Tata Global Beverages and GSK Consumers are trading weak. VST Industries declared its 1QFY12 results. The company's top line grew by 16% YoY on robust demand for cigarettes while its operating income shot up by 143.7% YoY. Operating income growth was a result of fall in raw material costs by 2.3% YoY and in other expenditure by 29.3% YoY. Staff costs grew slower than sales at 7.2% YoY helping operating income growth. Net profit grew by 90% YoY. This was slower than operating income and is a result of fall of 30.3% YoY in other income and increase of 9.7% in effective tax rate. Effective tax rate stood at 31.2% for the quarter.

Auto stocks are trading mixed with Tube Investment and Ashok Leyland leading the pack of the gainers. However, Tata Motors and Hero Honda are trading weak. As per the leading financial daily, India's No.2 two-wheeler maker Bajaj Auto Ltd has abandoned the idea of developing low-cost minicar in India for Renault SA and Nissan Motor company. Last year the company had signed a memorandum of understanding (MOU) with the Renault-Nissan alliance to develop an ultra low-cost car for India. The company finds this project as commercially unviable. As per Rajiv Bajaj, managing director of the company, the company does not want to go into the low-margin passenger car business. Instead, the management is planning to launch a low-cost commercial vehicle in the month of January next year. The stock of the company is trading in the red.

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 "Smallcap stocks in the limelight". Click here!

  

Stock Market Updates

INDIABULLS REAL EST at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 2, 2021 12:15 PM

INDIABULLS REAL EST share price has hit a 52-week high. It is presently trading at Rs 102. BSE 500 Index is up by 0.5% at 19,896. Within the BSE 500, INDIABULLS REAL EST (up 6.0%) and SHIPPING CORP (up 16.3%) are among the top gainers, while top losers are DEEPAK FERTILISERS and HINDUSTAN COPPER.

JAI CORP Share Price Up by 10%; BSE METAL Index Up 0.1% (Today's Market)

Mar 2, 2021 12:09 PM

JAI CORP share price is trading up by 10% and its current market price is Rs 102. The BSE METAL is up by 0.1%. The top gainers in the BSE METAL Index is JAI CORP (up 10.5%). The top losers are COAL INDIA (down 0.1%) and NALCO (down 0.3%).

THERMAX at All Time High; BSE CAPITAL GOODS Index Up 1.0% (Today's Market)

Mar 2, 2021 11:11 AM

THERMAX share price has hit an all time high at Rs 1,444 (up 2.6%). The BSE CAPITAL GOODS Index is up by 1.0%. Among the top gainers in the BSE CAPITAL GOODS Index today are THERMAX (up 2.6%) and HONEYWELL AUTOMATION (up 1.4%). The top losers include SOLAR INDUSTRIES and AIA ENGINEERING (down 0.2%).

SAIL at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 2, 2021 10:49 AM

SAIL share price has hit a 52-week high. It is presently trading at Rs 81. BSE 500 Index is up by 0.8% at 19,896. Within the BSE 500, SAIL (up 2.9%) and SHIPPING CORP (up 14.9%) are among the top gainers, while top losers are DEEPAK FERTILISERS and RELIANCE POWER.

CITY UNION BANK Share Price Up by 6%; BSE BANKEX Index Up 0.6% (Today's Market)

Mar 2, 2021 10:39 AM

CITY UNION BANK share price is trading up by 6% and its current market price is Rs 178. The BSE BANKEX is up by 0.6%. The top gainers in the BSE BANKEX Index is CITY UNION BANK (up 5.8%).

SGX Nifty Up 81 Points, 4 Factors Behind the Sensex Rally, Maruti Suzuki February Sales, and Buzzing Stocks Today (Today's Market)

Mar 2, 2021 Pre-Open

Top cues to track in today's stock market session.

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.

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 12:18 PM

MARKET STATS