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?  

Indian stock markets up on global cues
Fri, 18 Oct 09:30 am

Barring Japan (down 0.1%) and Indonesia (down 0.2%), the major Asian stock markets have opened the day in the green with China (up 0.7%) and Hong Kong(up 0.6%) leading the gains. The Indian stock markets have opened the day on a firm note. All sectoral indices have opened in the green with stocks in the banking and realty sector leading the gains.

The Sensex today is up by around 121 points (0.6%), while the NSE-Nifty is up by around 36 points (0.6%). The midcap and smallcap stocks have also opened in the green with the BSE Mid Cap index and the BSE Mid Cap index up by around 0.6% and 0.5% respectively. The rupee is trading at Rs 61.12 to the US Dollar.

Auto stocks have opened the day mainly in the green with TVS Motors Ltd and Escorts Ltd leading the pack of gainers. However, Eicher Motors Ltd and Tube Investments Ltd are leading the losses. As per a leading financial daily, India's auto major Tata Motors Ltd will be expanding its product portfolio in South Africa. The company plans to increase sales by nearly four-fold in the combined passenger and light commercial vehicle segments by 2018. The company has described South African market as its focus area. It has recently disclosed the cross-over vehicle Tata Aria and two trucks from Tata Prima and Tata Ultra range at the Johannesburg International Motor Show, 2013. These new vehicles are likely to hit the market here early next year. Tata Motors currently has two passenger vehicle models in the country and it plans to increase the number to six passenger vehicle models in the next few months. The CEO of Associated Motor Holdings (exclusive distributor of Tata Motors' passenger vehicles and light commercial vehicles for the last 10 years) has stated that it aims to sell total of 30,000 units of passenger and light commercial vehicles (LCV) by 2018 in South Africa. Last year, the company sold a total of 6,500 passenger and LCV vehicles and this year the plan is to sell 8,000 units.

Telecom stocks have opened the day on a mixed note with Bharti Airtel Ltd and Mahanagar Telephone Nigam Ltd (MTNL) leading the gains. However, ITI Ltd and ADC India Communications Ltd were leading the losses. As per a leading financial daily, the telecom major Bharti Airtel Ltd has increased its stake in Wireless Business Services (WBSPL), a company founded by US chipmaker Qualcomm, to 93.45 %. The cost of increasing the stake is estimated at around Rs 8.8 bn. As per the revised equity structure, Bharti Airtel holds 93.45 % and Qualcomm Asia Pacific holds 6.55 % equity in the company. Earlier, Airtel had expressed its plans to completely acquire WBSPL by 2014. It had acquired a 49% stake in WBSPL in May 2012 for US$ 165 m which was subsequently raised to 51%. WBSPL holds 4G spectrum in four areas - New Delhi, Mumbai, Haryana and Kerala that can be used by the company.

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 "Indian stock markets up on global cues". Click here!

  

Related Views on News

BHARTI AIRTEL Share Price Down by 5%; BSE 500 Index Up 0.9% (Market Updates)

Mar 1, 2021 | Updated on Mar 1, 2021

BHARTI AIRTEL share price is trading down by 5% and its current market price is Rs 560. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are RCF (up 18.6%) and MMTC (up 15.0%). The top losers is BHARTI AIRTEL (down 5.1%)..

BHARTI AIRTEL 2019-20 Annual Report Analysis (Annual Result Update)

Oct 23, 2020 | Updated on Oct 23, 2020

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

BHARTI AIRTEL 2018-19 Annual Report Analysis (Annual Result Update)

Sep 9, 2019 | Updated on Sep 9, 2019

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

BHARTI AIRTEL Announces Quarterly Results (1QFY20); Net Profit Down 890.7% (Quarterly Result Update)

Aug 2, 2019 | Updated on Aug 2, 2019

For the quarter ended June 2019, BHARTI AIRTEL has posted a net profit of Rs 25 bn (down 890.7% YoY). Sales on the other hand came in at Rs 207 bn (up 3.3% YoY). Read on for a complete analysis of BHARTI AIRTEL's quarterly results.

BHARTI AIRTEL Announces Quarterly Results (4QFY19); Net Profit Up 144.7% (Quarterly Result Update)

May 8, 2019 | Updated on May 8, 2019

For the quarter ended March 2019, BHARTI AIRTEL has posted a net profit of Rs 6 bn (up 144.7% YoY). Sales on the other hand came in at Rs 206 bn (up 4.9% YoY). Read on for a complete analysis of BHARTI AIRTEL's quarterly results.

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.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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.

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 SENSEX


Mar 1, 2021 03:36 PM

S&P BSE SENSEX 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS