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Indian markets trade strong
Thu, 30 Jul 01:30 pm

After trading on a firm note during the morning session of the day, the Indian equity markets continued their rally during the post noon trading session. Gains were led by stocks from FMCG and banking sectors.

The BSE-Sensex is trading up 188 points (0.7%) and the NSE-Nifty is trading up by 58 points (0.7%). The S&P BSE Midcap index and the S&P BSE Smallcap indices are trading higher by 1% and 0.8% respectively. Gold prices, per 10 grams, are trading at Rs 24,627 levels. Silver price, per kilogram, is trading at Rs 33,835 levels. Crude oil is trading at Rs 3,146 per barrel. At the time of writing, the rupee stood at 64.02 to the US dollar.

Stocks in the engineering sector are trading on a mixed note with Shanthi Gears leading the gainers while Alstom T&D is leading the losers. According to financial times, Thermax, a leading energy and environment solutions provider, is planning to invest over Rs 4 bn in two manufacturing plants in India and a third one in Indonesia. This initiative is for expanding its products vertical. Further, the company has reported a 49% rise in its net profit on a YoY basis for the quarter ended June, 2015. The total income for the company witnessed a YoY rise of 18.6% for the quarter. Currently the stock of Thermax is trading up by 1%.

Software stocks are trading mixed with NIIT Ltd and HCL Infosys witnessing maximum buying interest. As per a leading financial daily, shares of NIIT, a global learning outsourcing company, have reported a consolidated net profit at Rs 150 m in the April-June 2015 quarter. Further, the company has launched its innovative and proven Cloud Campus internationally. As a part of its rollout in China, NIIT has extended the breakthrough Cloud Campus platform to support learners in Mandarin. The scrip of company is presently trading higher by 10% on the BSE.

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