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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

Consumer durables lead among gainers
Tue, 23 Jul 01:30 pm

Indian equity markets continued to trade in positive territory during the post noon trading session. Barring stocks from automobile sector, all the sectors were trading in green. The most upward movement was witnessed in the stocks from consumer durables and realty sectors.

BSE-Sensex is up by 125 points and NSE-Nifty is trading up by 42 points. While BSE Mid Cap is trading down by 0.25%, BSE Small Cap is trading up by 0.13%. The rupee is trading at 59.71 to the US dollar.

Engineering stocks are trading mixed with Welspun Corporation and Sanghvi movers witnessing maximum selling pressures, while Manugraph India and BHEL are the top gainers. As per the financial daily, State run company Bharat Heavy Electricalhas (BHEL) bagged two contracts from National thermal power corporation (NTPC). These contracts are of worth Rs 1320 m for solar projects at Unchahar in Uttar Pradesh and Talcher in Odhisha. Reportedly, the contracts are for setting up two eco-friendly, Grid connected solar power plants of 10 MW capacity each. The company has commenced the supplies for both the projects. The first consignment, is comprising of SPV (Solar photoVoltatic) modules. These modules are manufactured at the manufacturing facility located at Bengalaru. The company intends to expand this facility. BHEL was trading up by 2.8%

Most of the Automobile stocks are trading in red, with Tube investments and Tata motors are the leading losers. As per the financial daily, Tata motors will be soon launching LCV (Light commercial vehicles) in Australia. The company has entered into agreement with the local distributor Fusion automotives. As per the deal, Fusion automotives will have exclusive marketing and distribution rights to sell Tata's vehicles in Australia. Reportedly, initially it will start selling some range of commercial vehicles during the fourth quarter of 2013. Further, as per the management of Fusion, the car models proposed by Tata's will be priced competitively and also well equipped. Tata motors was trading down by 0.9%.

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 "Consumer durables lead among gainers". Click here!


Related Views on News

TATA MOTORS Announces Quarterly Results (4QFY18); Net Profit Down 66.8%

May 25, 2018 | Updated on May 25, 2018

For the quarter ended March 2018, TATA MOTORS has posted a net profit of Rs 13 bn (down 66.8% YoY). Sales on the other hand came in at Rs 913 bn (up 15.9% YoY). Read on for a complete analysis of TATA MOTORS's quarterly results.

Tata Motors Ltd: Another Disappointing Quarter, Management fails to Perform! (Quarterly Results Update - Detailed)

Aug 14, 2017

Tata Motors Ltd disappoints again for both India and JLR business. Management commentary indicates a slow year ahead.

Hero Motocorp Ltd: Strong Festive Demand Drives Growth! (Quarterly Results Update - Detailed)

Nov 14, 2017

New Products and rural pickup to help market share gains.

Mahindra & Mahindra Ltd: All-round Show (Quarterly Results Update - Detailed)

Nov 14, 2017

Robust Performance, expects strong uptick in the farm equipment business.

Bajaj Auto Limited: Showing Healthy Signs of Recovery! (Quarterly Results Update - Detailed)

Nov 10, 2017

Exports markets recovering and new Permits for three-wheeler business in India will lead the growth!

More Views on News

Most Popular

Has A Bank Ever Told You Its Deposits are Riskier than Stocks? These Should Have...(The 5 Minute Wrapup)

Jul 3, 2018

Left on their own, the banks would possibly have to mark down the value of deposits by 90% to 100%.

The Real Truth About India's FDI, Beyond WhatsApp(Vivek Kaul's Diary)

Jul 4, 2018

The FDI numbers do not look very impressive once we adjust for repatriations as well as the overall growth in the economy.

The Answer to Your Wealth Worries: Small Caps (Especially Now)(Profit Hunter)

Jul 10, 2018

If you're worried about the markets - you are on the wrong track. This is opportunity - put your wealth-building hat on, instead - Richa shows you how...

New Fund Offer - ICICI Prudential Pharma Healthcare and Diagnostics Fund - Should You Invest?(Outside View)

Jul 6, 2018

ICICI AMC launches an open -ended equity fund following Pharma, Healthcare, Diagnostic and allied theme.

When Disappointment Panda is Around. Buy Quality Stock like This!(Chart Of The Day)

Jul 6, 2018

Buy Companies that can fight all kinds of Pandas and Bears in the long run.


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


Jul 16, 2018 12:23 PM