After opening flat, the Indian Markets moved upwards and are currently trading in the positive territory. Sectoral indices are trading on a positive note with stocks from the steel and power sectors leading the gains.
The BSE-Sensex is trading higher by 112 points (up 0.4%) and the NSE-Nifty is trading higher by 26 points (up 0.3%). The BSE Mid Cap index is trading up by 1% while the BSE Small Cap index is trading up 0.8%. The rupee is trading at 66.36 to the US dollar.
Automobile stocks are trading on a firm note with Maharashtra Scooters and Tata Motors DVR leading the gains. As per an article in Economic Times, Ashok Leyland has adopted two offerings of Dassault Systemes '3D Experience' platform to cut costs and simplify processes. The solutions will accelerate modular vehicle programmes and respond to strategic regional requirements. With the implementation of this, Ashok Leyland can develop vehicle programmes with IP protection and simplify the complexities across programmes. Dassault Systemes is a leader in 3D design software and product lifecycle management. Stock of Ashok Leyland is currently trading up by 1.3%.
Stocks in the software space are trading on a mixed note with Wipro and HCL Infosys witnessing maximum buying interest. As per a leading financial daily, Wipro has entered into partnership with Maxicaster, and end-to-end online managed and operated multiscreen TV solution provider. By this alliance, Wipro will offer its integration capabilities and professional services on top of Maxicaster's multi-screen platform solution. The Maxicaster platform, coupled with the complete managed back-end services from Wipro, incorporates all elements required to launch and manage a next generation TV and multiscreen service. Scrip of Wipro is presently trading up by 1.7% on the BSE.