X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
Investing in India? Get Equitymaster Research  
Indian share markets remain buoyant 
(Wed, 27 Aug 01:30 pm) 
 
Indian share markets continued to trade higher in the post-noon trading session. Barring power and metal stocks, all the sectoral indices are trading in the green with consumer durables and auto stocks being the biggest gainers.

BSE-Sensex is up 120 points and NSE-Nifty is trading 30 points up. BSE Mid Cap is trading 0.7% up and BSE Small Cap index is trading up by 0.9%. The rupee is trading at 60.43 to the US dollar.

Most of the steel stocks are trading in the green led by Maharashtra Seamless and Jindal Saw whereas Bhushan Steel and Gujarat Mineral Development Corporation are trading in the red. As per a leading financial daily, Steel Authority of India (SAIL) has earmarked a capital expenditure of Rs 90 bn in FY15. The company wants to expand its crude steel production capacity from 12.8 million tonnes per annum (mtpa) to 21.4 mtpa at a cost of Rs 720 bn. The expansion plan will be funded through a mix of debt and equity. SAIL's debt-to-equity ratio stood at 0.59 for FY14. To part-finance its capex plans for FY15, the company plans to raise funds to the tune of Rs 50 bn through private placement of secured non-convertible bonds/debentures. SAIL stock is currently trading down 0.6%.

Majority of the food & tobacco stocks are trading in the green with Glaxo SmithKline Consumer Healthcare (GSKCH) and Tata Global Beverages being among major gainers. As per a leading financial daily, GSKCH has re-launched its health drink Horlicks in an instant form with a new packaging. The company claims the new HFD to be better miscible in hot and cold milk. GSKCH has been battling sluggish sales of HFDs. For the quarter ended June 2014, the company clocked a 10% domestic sales growth led by 7% higher realizations even as volume growth was muted at 3%. The company had made several innovative re-launches such as Mother's Horlicks, Horlicks Lite and Chocolate Horlicks in June 2014 quarter. GSKCH stock is currently trading up 1%.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian share markets remain buoyant". Click here!

  
 

S&P BSE METAL


Jun 23, 2017 (Close)

S&P BSE METAL 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS