Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Realty stocks lead among gainers
Wed, 16 Jul 11:30 am

After opening in the green, the Indian Indices have witnessed some selling pressures however have continued to trade above the dotted line. Majority of the sectoral indices are in favour today with realty and banking stocks being the leading gainers.

The BSE-Sensex is trading up 40 points. The NSE-Nifty is trading up 14 points. The BSE Mid Cap index is trading up 1% and the BSE Small Cap index is trading up 1.8%. The rupee is trading at 60.21 to the US dollar.

Majority of the Indian pharma stocks are trading in the green today with Dishman pharma and Natco Ltd leading the pack of gainers. India's largest pharma company Sun pharmaceuticals has announced about acquisition of Pharmalucence in US. The company has sterile injectable facility in US supported by strong R&D capabilities. The other functions of the acquired company also include contract manufacturing and product development of lyophilized products. Sun pharma has portfolio of various sterile injectables and thus this acquisition will help in strengthening its injectable product basket. The amount paid for this acquisition remains undisclosed. Sun pharma is trading up by 1%.

Most Telecom stocks are trading higher today. Idea Cellular and Tata Teleservices are leading the gainers. As per a leading financial daily, India's largest telecom firm Bharti Airtel, has sold its majority stake in Beetel Teletech to US based Brightstar Corp. The Bharti enterprises owned firm was the vehicle that helped the Bharti group to enter the telecom business in 1985. Beetel provided fixed line phones to Airtel, MTNL and BSNL. With dwindling sales of fixed line phones in India, Bharti has exited this business. The financial details of the transaction were not disclosed. Bharti Airtel is trading down 0.5% today.

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

Equitymaster requests your view! Post a comment on "Realty stocks lead among gainers". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Feb 23, 2018 03:35 PM