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  
IT leads markets higher 
(Wed, 29 Sep 09:30 am) 
 
The Indian markets have started today's session on a positive note. The benchmark indices opened below the breakeven mark but soon moved into the positive territory. Other key Asian markets are in the green with Hong Kong (up 1.3%) leading the pack of gainers. The US markets ended higher by 0.4% yesterday.

Currently in India, heavyweights from the BSE-Sensex are trading strong with software majors attracting investors' interest. The BSE-Sensex is trading higher by around 75 points, while the NSE-Nifty is up by about 30 points. Buying interest is also being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.5% and 0.7% respectively. The rupee is trading at 44.99 to the US dollar.

Pharma stocks have opened the day on a strong note. Gainers here include Sun Pharma and Dr. Reddy's. As per a leading business daily, Sun Pharma has received tentative approval from the US health regulator to sell a generic version of Rilutek tablets in the American market. It is used in treating central nervous system diseases. The approval is for abbreviated new drug application (ANDA) for a generic version of the tablets containing Riluzole Hydrochloride in the strength of 50 mg. Rilutek is a Sanofi Aventis product and has annual sales of nearly US$ 50 m in the US. It may be noted that Sun Pharma is competing in the US generics market through its US based subsidiary Caraco Pharma and has a presence in 26 markets across South East Asia, Russia, China, the Middle East and Africa.

Auto stocks have opened the day on a positive note. Gainers here include Eicher Motor and Escorts. As per a leading business daily, Maruti Suzuki has developed the hybrid version of its premium sedan SX4. It has also developed an electric variant of the multi-purpose vehicle Eeco. Apparently, the SX4 hybrid offers 25% more fuel efficiency compared to the conventional petrol one. The electric Eeco runs around 100 km in a single charge of the lithium ion battery-powered engine. Hybrid technology utilises conventional fuel along with fuel cells (batteries), which could be used alternately to power a vehicle. It is considered eco-friendly. These vehicles will be showcased in the upcoming commonwealth games.

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 "IT leads markets higher". Click here!

  
 

S&P BSE SENSEX


Jul 20, 2017 (Close)

MARKET STATS