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Indian markets surge forward
Thu, 30 Jul 11:30 am

After opening firm, the Indian Markets continued to rush upwards. Sectoral indices are trading on a firm note with stocks from the auto and FMCG sectors are leading the gains.

The BSE-Sensex is trading up 236 points (up 0.9%) and the NSE-Nifty is trading up 67 points (up 0.8%). The BSE Mid Cap index is trading up by 1.2% while the BSE Small Cap index is trading up by 1%. Tdfhe rupee is trading at 63.98 to the US dollar.

Stocks in the automobile sector are trading in the green with Force Motors and Hero Motocorp leading the gainers. According to an article in the Economic times, Maruti Suzuki DZire, the best selling entry sedan for the last three years in domestic markets, have hit the 1 m cumulative sales mark this month. With this, the Swift DZire has entered the 'elite million club' which comprise models such as Alto, Swift and Wagon R. DZire is also exported to various international locations which includes Africa, South America, Central America, Middle East ASEAN and SAARC countries. For the month of June 2015, Maruti Suzuki had registered a YoY rise of 1.8% in its global car sales while the domestic sales for the month rose by 1.6% YoY. Currently the stock of company is trading up by 0.7%.

Most of the energy sector stocks are trading positively lead by Petronet LNG and Cairn India. Castrol India has reported its results for the second quarter ended June 30, 2015. The company has reported a rise of 48.3% in its net profit on a YoY basis. The total income for the company increased 1.6% YoY for the concerned quarter. The company stated that the profitability was driven by prudent margin management, premiumisation of the product portfolio and good progress on key strategic drivers. The stock is presently trading flat.

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