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Auto & realty, strong gainers
Tue, 19 Aug 01:30 pm

Indian share markets continued to firm up in the post-noon trading session. Barring IT, all the sectoral indices are trading in the green. Auto and realty stocks are the biggest gainers today.

BSE-Sensex is up 72 points and NSE-Nifty is trading 30 points up. BSE Mid Cap is trading 1.1% up and BSE Small Cap index is trading up by 1.2%. The rupee is trading at 60.75 to the US dollar.

Majority of the FMCG stocks are trading in the green with Lakshmi Energy and Godrej Consumer Products Ltd (GCPL) being the major gainers whereas Hindustan Unilever and Kokyo Camlin are trading in the red. As per a leading financial daily, Godrej Consumer Products (GCPL) is contemplating to set up a new plant in Seemandhra for the manufacture of soaps and insecticides. The company would continue expanding its capacities in Jammu and North East on account of the excise duty benefits availed in these areas. The company is awaiting clarity on the benefits being extended by the government in the newly formed state of Seemandhra. Presently the company has manufacturing plants in Malanpur in Madhya Pradesh, Baddi in Himachal Pradesh, Guwahati in Assam, Jammu, Puducherry and Goa. GCPL stock is presently trading up by 3.1%.

Large IT stocks are trading mixed with Mphasis and HCL Techologies being among major gainers whereas NIIT and TCS are trading in the red. As per a leading financial daily, HCL Technologies has bagged a contract valued at AUD 35 m (above Rs 1.9 bn) from Sydney Trains. Under the contract, HCL Australia Services will provide support and maintenance services for 107 business applications of Sydney Trains. Sydney Trains provides train services in the Sydney Central business district and metropolitan area. HCL Tech is currently trading up by 0.8%.

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Mar 22, 2018 11:45 AM