After trading on a firm note during the morning session of the day, the Indian equity markets continued to trade positively in the post noon trading session. Gains were led by stocks from pharma and auto sectors. However, steel and mining stocks were leading the losses.
The BSE-Sensex is trading up 135 points (0.5%) and the NSE-Nifty is trading up by 42 points (0.5%). The BSE Mid Cap index and the BSE Small Cap index are trading up by 6% and 0.2% respectively. Gold prices, per 10 grams, are trading at Rs 25,861 levels. Silver price, per kilogram, is trading at Rs 35,762 levels. Crude oil is trading at Rs 2,841 per barrel. At the time of writing, the rupee stood at 64.93 to the US dollar.
Stocks in the automobile sector are trading on a mixed note with Mahindra & Mahindra and TVS Motors witnessing maximum buying interest. As per a leading financial daily, Ashok Leyland has reported a stellar 55% YoY rise in its net revenue for the quarter ended June 2015. This was backed by a 42% increase in its sales during the concerned quarter as against the corresponding quarter year ago. The company also stated that investments in many new products and continued strict discipline on costs have helped boost the results. In the medium and heavy vehicle segment, the company's market share rose to 29.2% from 24.6% a year ago. Further, the smaller business of light commercial vehicles did well clocking at 33% growth during the quarter. Stock of Ashok Leyland is presently trading up by 0.9%.
Software stocks are trading mixed with gains lead by Infosys Ltd and HCL Technologies. According to financial times, HCL Technologies has been appointed as the strategic partner to SAI Global. The leading global IT services provider has signed a five-year agreement to provide SAI Global with IT Managed Application Services and Projects. HCL Technologies will also support the organization's drive for service quality improvements through the deployment of Standardized Processes. The company was awarded this contract following a competitive tender evaluation. Scrip of HCL Technologies is trading up by 1.7%.