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Software stocks lead the losses
Mon, 12 Oct 01:30 pm

Indian Indices are trading flat in the post noon trading session. Sectoral indices are trading on a mixed note with stocks from the Aluminum and FMCG sectors leading the gains.

BSE-Sensex is trading marginally (down 0.01%) and the NSE-Nifty is trading marginally up by 0.04%. However BSE Mid Cap index and BSE Small Cap index have surged upwards. Both the indices are trading higher by 0.5% each. Barring stocks from software sector, all the major indices are trading in green.

Banking stocks are trading on a positive note with Dhanlaxmi and ICICI Bank leading the gainers. As per a leading financial daily, private sector lender Yes Bank has received the Reserve Bank of India's (RBI) approval to set up a mutual fund, asset management company (AMC) and a trustee company. For this, the asset management companies (AMC) and trustee companies will be wholly owned subsidiaries of Yes Bank. The AMC will channelize savings of retail and institutional investors in equity and debt capital markets.

Automobile stocks are trading on a positive note with Tata Motors and Ashok Leyland witnessing maximum buying interest. As per an article in Economic Times, Hero MotoCorp is set to give an image makeover to its best-selling bike Splendor Pro (100cc). The move is initiated as the company is facing stiff competition from its erstwhile partner Honda. This can be said as the Japanese company's Activa scooter has been going strong and has overtaken the Splendor, in the largest selling two-wheeler market in some months.

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Oct 19, 2017 (Close)