Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian markets trade positively
Fri, 28 Aug 11:30 am

After opening firm, the Indian Markets continued to trade positively. Most sectoral indices are trading in the green with stocks from the banking, IT and energy sectors leading the gains.

The BSE-Sensex is trading up 325 points (up 1.2%) and the NSE-Nifty is trading up 109 points (up 1.4%). The BSE Mid Cap index is trading and the BSE Small Capp index are trading positively, both up by 1.4%. The rupee is trading at 66.09 to the US dollar.

Most telecom stocks are trading positively with gains led by Reliance Communications and Bharti Airtel. As per a leading financial daily, Bharti Airtel and India's third largest telco Idea Cellular, have cornered maximum incremental revenue market share (RMS) in the first quarter of 2015-16. The same was witnessed on back of strong data services penetration and revenue growth. Market leader Bharti Airtel captured the highest incremental RMS of 34% in the April-June quarter, while that of Idea Cellular grew to 32.8%. A company's incremental RMS, as a key performance metric, reflects the portion of increase in industry revenue that accrues to the telco. The stock of Bharti Airtel is trading up by 2.8% while that of Idea Cellular is trading up by 1.8%.

Pharma stocks are also trading on an encouraging note with Dishman Pharma and Wockhardt Ltd witnessing maximum buying interest. Leading generic drug maker Cipla is expecting a 20% growth in revenues in the current fiscal. Further the company in its AGM reported that it is in a significant investment phase for the future and that its pipeline of projects is secure with more than 80% of crucial launches on the track. The company's turnover has doubled in last five years to Rs 110 bn in FY15. Cipla has its presence in over 150 countries with a portfolio in excess of 1,500 products. The stock of Cipla is trading up 1%.

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

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Indian markets trade positively". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Jan 24, 2018 03:27 PM