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 on high 
(Fri, 14 Sep 01:30 pm) 
 
Backed by persistent buying in index heavyweights, Indian share markets continued to trade at the elevated levels in the post-noon trading session. Barring pharma and FMCG, all the sectoral indices are trading positive with realty, metal and banking stocks leading the pack of gainers.

The Sensex today is up by 385 points while the NSE-Nifty is trading up by 120 points. BSE Mid Cap is up 0.9% while the BSE Small Cap index is up 0.8%. The rupee is trading at 55.6 to the US dollar.

Majority of auto stocks are trading positive with Tata Motors and Ashok Leyland being the biggest gainers. As per a leading financial daily, Tata Motors is foraying into the automobile market in Indonesia. The company has set up a 100% owned subsidiary in Jakarta, PT Tata Motors Indonesia. It will manufacture both passenger cars and commercial vehicles. Tata Motors is also planning to make significant investments to source components locally. The company is expected to launch its vehicles in the Indonesian market next year.

The hotel stocks are trading mixed with Taj GVK and The Indian Hotels being the biggest gainers and Oriental Hotels and EIH being the biggest losers. As per Federation of Hotels and Restaurants Association of India (FHRAI), more hotel rooms need to be added to meet the growing demand from overseas and domestic tourists. The apex body for hotel and restaurant industry in India has said that an estimated 1.8 lakh guestrooms need to be added in the organized sector whereas 25 lakh new guestrooms would be required in the unorganized sector. The Ministry of Tourism has set a target to increase foreign tourist arrivals from 6.2 m to 11 m by 2016 with 1,496 m domestic tourist visits. According to FHRAI, the drop in hotel occupancy rates from 66.8% to 62.1% in December 2011 was on account of oversupply in rooms in certain pockets of the country such as Pune, Bangalore and Delhi. The industry body feels that the demand is high in cities such as Mumbai and Chennai.

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 on high". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 23, 2017 (Close)

MARKET STATS