After opening firm, the Indian Markets continued to trade positively. Sectoral indices are however trading on a mixed note with stocks from the auto, engineering and software sectors leading the gains. However FMCG stocks are witnessing selling pressure.
The BSE-Sensex is trading up 28 points (up 0.1%) and the NSE-Nifty is trading up 12 points (up 0.1%). The S&P BSE Midcap index is trading up by 0.3% while the S&P BSE Smallcap index is trading up 0.6%. The rupee is trading at 63.89 to the US dollar.
Stocks in the consumer products segment are trading on n encouraging note with Huhtamaki PPL and Kokuyo Camlin leading the gainers. As per a leading financial daily, Pidilite Industries has reported it results for the first quarter ended June 30, 2015. On a standalone basis the company reported a 33.6% rise in its net profit and 6.8% increase in its total income on a YoY basis. On the consolidated basis, the company posted 33.8% rise in its net profit while the total income recorded a rise of 8.7% on a YoY basis. Presently the stock of Pidilite Industries is trading up by about 3%.
Automobile stocks are trading mixed with Tata Motors and TVS Motors leading the gains. As per financial times, two-wheeler major TVS Motors has lined up three major launches in the next six months. The company has declared at its AGM that a new four-stroke Moped, a new TVS Victor and Apache 200cc will be launched during the next six months. With the launch of TVS Victor, the company expects to strengthen its presence in executive segment. For the fiscal 2014-15, the company has witnessed a 20.9% YoY increase in its sales. Currently the stock of TVS Motors is trading up by 1.5%.