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?  

IT stocks bear the brunt
Fri, 17 Oct Closing

After trading firm during post noon trading session, the Indian equity markets gathered momentum and closed the day in the green. While the BSE-Sensex today closed higher by 109 points, the NSE-Nifty closed higher by 32 points. Midcaps and Smallcaps however, closed flat today. While the BSE Mid Cap index closed higher by 0.3%, the BSE Small Cap index was lower by 0.3%. IT stocks were the biggest losers today. The BSE IT Index was down by 4%.

As regards global markets, Asian indices closed mixed today. The rupee was trading at Rs 61.54 to the dollar at the time of writing.

Auto stocks ended the day on a mixed note. Hero Moto Corp and TVS Motors were the biggest gainers while Maharashtra Scooters and Tata Motors ended the day in the red. India's largest passenger vehicle manufacturer, Maruti Suzuki Ltd is planning to develop a mini crossover. A crossover is a vehicle that is built on a platform where cars are manufactured but has some features of SUVs. The company aims to build such a crossover that is affordable. At present, the cheapest crossover is from Toyota. Maruti has already started the feasibility study surrounding the crossover and it will be interesting to see if the company is able to pull this off.

As per a leading business daily, with an eye on the growing scooter segment in the domestic market, India's largest two wheeler maker Hero MotoCorp is planning to launch two new models over the course of the next one year. One may note that this would add to the company's existing models, Pleasure and Maestro, and help the company strengthen its growth in the scooter segment. The company is also considering scaling up its monthly scooter production to 1 lakh units by January 2015. It also plans to further take this up to 1.5 lakh units over the medium term.

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 "IT stocks bear the brunt". Click here!

  

Related Views on News

HERO MOTOCORP Announces Quarterly Results (3QFY21); Net Profit Up 23.2% (Quarterly Result Update)

Feb 10, 2021 | Updated on Feb 10, 2021

For the quarter ended December 2020, HERO MOTOCORP has posted a net profit of Rs 11 bn (up 23.2% YoY). Sales on the other hand came in at Rs 98 bn (up 39.7% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.

HERO MOTOCORP Announces Quarterly Results (1QFY21); Net Profit Down 95.1% (Quarterly Result Update)

Sep 10, 2020 | Updated on Sep 10, 2020

For the quarter ended June 2020, HERO MOTOCORP has posted a net profit of Rs 613 m (down 95.1% YoY). Sales on the other hand came in at Rs 30 bn (down 63.0% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.

HERO MOTOCORP 2019-20 Annual Report Analysis (Annual Result Update)

Aug 6, 2020 | Updated on Aug 6, 2020

Here's an analysis of the annual report of HERO MOTOCORP for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of HERO MOTOCORP. Also includes updates on the valuation of HERO MOTOCORP.

HERO MOTOCORP 2018-19 Annual Report Analysis (Annual Result Update)

Jul 8, 2019 | Updated on Jul 8, 2019

Here's an analysis of the annual report of HERO MOTOCORP for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of HERO MOTOCORP. Also includes updates on the valuation of HERO MOTOCORP.

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 AUTO


Mar 2, 2021 02:12 PM

S&P BSE AUTO 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS