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Indian stock market trades flat
Tue, 21 Jul 11:30 am

The Indian Stock markets are trading marginally above the dotted line. Among the sectoral indices, maximum selling pressure is seen in the pharmaceutical sector.

The BSE-Sensex is trading up by 36 points (0.12%) and the NSE-Nifty is trading up by 17 points (0.20%). The BSE Mid Cap index is trading down by 38 points (0.04%), while the BSE Small Cap index is trading up by 17 points (0.14%). The rupee is trading at 63.72 to the US dollar. Gold and Silver are trading at Rs 24,928 per 10 grams & Rs 33,940 per kilogram respectively.

Stocks in Automobile sector are trading on a mixed note with Force Motors leading the winners and Tata Motors leading the losers. As per the financial daily, Maruti Suzuki is going to launch its premium dealership Nexa. Maruti plans to set up 100 Nexa dealerships in 30 cities in 2015-16. Apart from the metros, the dealerships will come up in state capitals and cities like Indore and Mohali. Nexa dealerships will have luxury lounges, wall mounted digital displays, and relationship managers. Stock of Maruti Suzuki is trading down by 0.10%

Stocks in Information Technology sector are trading on a mixed note with Infosys Ltd leading the winners and Micro Tech leading the losers. Infosys reported its results for the quarter ending 30th June, 2015. The net profit was up about 5% YoY on the back of increased orders from clients in US and Europe on a year on year basis. Revenue grew by 12.4% Y-O-Y basis for the quarter. Infosys increased its FY16 revenue guidance to 7.2-9.2% in dollar terms. In constant currency terms, it retained FY16 revenue guidance at 10%-12%. The quarterly annualised attrition was at 14.2% compared to 23.4% in the year-ago period. Stock of Infosys is trading up by 9.90%

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