Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
Investing in India? Get Equitymaster Research  
Mid, small caps lead the gainers 
(Wed, 16 Jul 01:30 pm) 
Indian stock markets gained momentum and is trading at the day's high led by strong buying among the index heavyweights. Barring FMCG sector, almost all sectoral indices are trading in the green led by heavy buying in the realty and banking stocks.

The BSE-Sensex is trading up by 105 points and the NSE-Nifty is trading up 37 points. The BSE Mid Cap index is trading up 1% and the BSE Small Cap index is trading up 1.6% today. The rupee is trading at 60.19 to the US dollar.

Auto stocks are trading mixed today. Force Motors and TVS Motors are leading the pack of gainers, whereas Bajaj Auto is trading in the red. As per a leading business daily, Ashok Leyland, a market leader in the staff transport solution category in Saudi Arabia, is planning to launch the 2015 model vehicles in the country this month. The new products include the Falcon 56-seater AC school bus, Partner (6 tonne) and Boss (9 to 12 tonne) range of vehicles. During the current year the company has achieved excellent sales in the first half and it expects to achieve phenomenal growth in the region this fiscal. The company has established itself as a primary choice of vehicles not only for commercial transport but also in the school and staff transportation segments. Its vehicles are well received in the region for their quality, low maintenance & operational costs as well as after sales network.

Power stocks are trading mixed. Jaiprakash Power is trading firm, while NTPC is in the red. As per a leading business daily, NTPC expects the price of electricity to go up in the coming fiscal as a result of hike in the fuel costs. Coal, the principal fuel for generation of electricity in India, is expected to rise in the price on account of current environment policy framework given by the Union Budget. As such the increased cess, rationalization of import duties will push upward the price of coal. However, as per the CERC order it will be at the end of producer to take a hit or to pass on the tariff increase to the end consumers. As a result, NTPC wants a coal regulator to be formed in order to have a transparency coal pricing.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Mid, small caps lead the gainers". Click here!


Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Jul 24, 2017 03:37 PM