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?  

Indian stock markets trade flat
Fri, 29 Jul 01:30 pm

Indian stock market continued to trade near yesterday's closing over the last two hours of trade. Stocks from realty , metal and oil and gas space are trading weak while those from FMCG and software are trading in the green.

The BSE-Sensex and NSE-Nifty are trading flat. The BSE-Midcap index is down by 0.2% while BSE-Small cap is trading flat. The rupee is trading at 44.15 to the US dollar.

Banking stocks have been trading mixed with Dena Bank, Punjab National Bank (PNB) and Syndicate Bank leading the pack of gainers. However, Canara Bank and Bank of India are trading weak. Bank of Baroda (BoB) has declared results for the first quarter of financial year 2011-2012 (1QFY12). The bank has reported 40% YoY growth in interest income. The net interest income has grown by 24% YoY in the quarter, on the back of 25% YoY growth in advances. The other income has also grown by a marginal 4% YoY in quarter due to fall in treasury income. Despite domestic yields on advances rising, global Net Interest Margins (NIMs) were sustained at 2.9% in the quarter. The net Non Performing Assets (NPAs) moved up marginally from 0.39% in 1QFY11 to 0.44% and Capital adequacy ratio was comfortable at 13.1% at the end of quarter. The stock of the company is trading in the green.

Power stocks have been trading mixed with National Thermal Power Corporation (NTPC), GVK Power and PTC India leading the pack of gainers. However, Power Grid and Jaiprakash Power are trading in the red. BGR Energy has announced the first quarter results of financial year 2011-2012 (1QFY12). The company has reported a 16.9% dip in its standalone net profit at Rs 503 m for the quarter .It had reported net profit of Rs 605 m in the year-ago period. Net sales for the quarter were also down 19% YoY (dipped to Rs 7,312 m as against Rs 9,054 m in the same period previous year). However, the EBITDA of the company grew by 1.7% at Rs 961 m during the quarter. As per the management, with coal linkage and environmental issues heading for resolution, contract awards for capacity addition from public sector segments is set to significantly increase in the current financial year. The management has said that BGR Energy is well positioned to service this demand and thereby capture a substantial market share. The stock of the company is trading weak.

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 "Indian stock markets trade flat". 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