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?  

Indian share markets open firm
Wed, 23 Jul 09:30 am

Barring Japan (down 0.1%), all major Asian stock markets have opened the day on a firm note with Hong Kong (up 0.7%) and Indonesia (up 0.9%) leading the gains. The Indian share markets have also opened the day on a positive note. All sectoral indices are trading firm with stocks from the banking and capital goods spaces leading the gains.

The Sensex today is up by around 136 points (0.5%), while the NSE-Nifty is up by about 34 points (0.4%). Mid and small cap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.7% and 0.6% respectively. The rupee is currently trading at Rs 60.16 to the US dollar.

Information technology stocks have opened the day on a firm note with Moser Baer India, Infosys and Tech Mahindra leading the gains. As per a leading financial daily, Bangalore-based IT services major Infosys has entered into a multi-year deal with automaker Daimler AG for the management of infrastructure services and data centres. In addition, it will provide e-collaboration and middleware services as well as oversee database operations. It must be noted that the agreement was inked in the second quarter of financial year 2013-14 (2QFY14). The transition was completed and steady state operations started in the first quarter of 2014-15 (1QFY15). Infosys has now successfully completed the transition to take over operation of European data centres of Daimler AG. The financial details of the deal have not been disclosed yet.

Auto ancillary stocks have opened the day on a firm note with Rico Auto, Sundaram Clayton, SKF India and Asahi India Ltd leading the gains. As per a leading financial daily, battery maker Exide Industries is planning to invest Rs 3.5 bn in the current financial year 2014-15 (FY15) to expand manufacturing capacity at its existing plants. The expansion would be mainly focused on increasing industrial battery making capacity. The company might even consider increasing automotive battery capacity in the fiscal year 2015-16 (FY16) if industry sentiments recover and demand scenario improves.

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 "Indian share markets open firm". Click here!

  

Related Views on News

INFOSYS Announces Quarterly Results (3QFY21); Net Profit Up 16.8% (Quarterly Result Update)

Jan 14, 2021 | Updated on Jan 14, 2021

For the quarter ended December 2020, INFOSYS has posted a net profit of Rs 52 bn (up 16.8% YoY). Sales on the other hand came in at Rs 259 bn (up 12.3% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

INFOSYS Announces Quarterly Results (2QFY21); Net Profit Up 20.3% (Quarterly Result Update)

Oct 15, 2020 | Updated on Oct 15, 2020

For the quarter ended September 2020, INFOSYS has posted a net profit of Rs 49 bn (up 20.3% YoY). Sales on the other hand came in at Rs 246 bn (up 8.6% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

INFOSYS 2019-20 Annual Report Analysis (Annual Result Update)

Aug 5, 2020 | Updated on Aug 5, 2020

Here's an analysis of the annual report of INFOSYS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of INFOSYS. Also includes updates on the valuation of INFOSYS.

INFOSYS 2018-19 Annual Report Analysis (Annual Result Update)

May 21, 2019 | Updated on May 21, 2019

Here's an analysis of the annual report of INFOSYS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of INFOSYS. Also includes updates on the valuation of INFOSYS.

More Views on 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 IT


Mar 2, 2021 (Close)

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS