Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

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

Auto, energy stocks lead the gains
Thu, 15 Oct Closing

Buoyed by strong sentiments across Asia and Europe, Indian stock markets performed well today and ended well above the dotted line. While the BSE-Sensex closed higher by around 230 points, gains on the NSE-Nifty came in at around 72 points. S&P BSE Midcap and S&P BSE Smallcap indices also closed strong, edging higher by around 0.8% and 0.5% respectively. Auto and oil and gas stocks emerged as the top gainers.

Asian markets closed sharply higher today with shares in China leading the region. The Shanghai Composite was up 2.32% while Hong Kong's Hang Seng was up 2.00%. Japan's Nikkei 225 closed higher by 1.15%. European markets have opened higher in early trade with shares in Germany leading the gains. The rupee was trading weak at 65.11 against the US$ in the afternoon session.

Healthcare sector finished the day with modest gains with IPCA Labs and Opto Circuits leading the gains. According to a leading financial daily, Swiss pharmaceutical firm Helsinn Healthcare SA has settled patent litigations relating to its anti-nausea injection Aloxi with Dr. Reddy's Laboratories Ltd. The settlement will allow Dr. Reddy's to market the generic version of Aloxi in the US on 30 September 2018 or earlier under certain circumstances. Aloxi generically called as palonosetron HCl injection is used to treat chemotherapy-induced nausea and vomiting in patients suffering from cancer. Reportedly, Aloxi had sales of nearly US$416 million in the US and Canada for the year ended 31 March.

Radhika Pandit, Managing Editor of ValuePro recently wrote an article in the '5 Minute Wrap Up Premium' highlighting the issues faced by Dr Reddy's. The article gives an in depth view of the company's delay in product launch.

Tata Consultancy Services (TCS) is reportedly in talks with nine of the 11 payments bank license holders to offer operational solutions. The company has been a key participant for government deals in the domestic market. In the banking sector, it works with most of the leading lenders. State Bank of India, the largest public sector bank, has its core banking operations on TCS' banking platform, BaNCS.

Tata Consultancy Services has announced its financial results for 2QFY16. The company has reported a 5.8% quarter-on-quarter (QoQ) increase in its consolidated sales and a 6.5% QoQ increase in its consolidated net profit in 2QFY16. Here is our analysis of the results.

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Auto, energy stocks lead the gains". Click here!

  

Views on News

L&T TECHONOLOGY Share Price Up by 5%; BSE IT Index Up 2.4% (Market Updates)

Mar 2, 2021 | Updated on Mar 2, 2021

L&T TECHONOLOGY share price is trading up by 5% and its current market price is Rs 2,732. The BSE IT is up by 2.4%. The top gainers in the BSE IT Index are L&T TECHONOLOGY (up 5.4%) and L&T INFOTECH (up 5.4%). The top losers are CYIENT (down 0.3%) and TATA ELXSI (down 1.4%).

MINDTREE Share Price Up by 5%; BSE IT Index Up 1.9% (Market Updates)

Mar 2, 2021 | Updated on Mar 2, 2021

MINDTREE share price is trading up by 5% and its current market price is Rs 1,715. The BSE IT is up by 1.9%. The top gainers in the BSE IT Index is MINDTREE (up 5.0%). The top losers are PERSISTENT SYSTEMS (down 0.8%) and TATA ELXSI (down 1.4%).

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE IT


Mar 2, 2021 (Close)

MARKET STATS