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  
Indian stock markets trade firm 
(Fri, 21 Oct 11:30 am) 
 
Indian stock market indices traded firm over the last two hours of trade on the back of sustained buying activity across index heavyweights. Consumer Durable and Auto stocks witnessed maximum buying interest, while Realty and metal witnessed maximum selling pressure.

The BSE-Sensex is up by 82 points, while the NSE-Nifty is up by 27 points. BSE Mid Cap and BSE Small Cap indices are up by 0.46% and 0.53% respectively. The rupee is trading at 49.97 to the US dollar.

Automobile stocks are trading strong. Apollo Tyres and Maruti Suzuki are the biggest winners, while Maharashtra Scooters and Eicher Motors are the biggest losers. According to a leading financial daily, Tata Motors is planning to raise US$ 750 m via external commercial borrowings External Commercial Borrowings (ECB) to meet working capital requirements and reduce debt. The ECB with a spread of 6 years will be priced about 350 basis points above London Interbank Offer Rate (LIBOR). This will be the second big ticket fund raising event for the company after its US$ 1.6 bn bond issue for Jaguar and Land Rover (JLR). The issue, completed in May, saw significant oversubscription from investors. The country's largest bank, State Bank of India, is one of the arrangers for the deal.

Banking stocks are trading in the green led by Punjab National Bank (PNB) and Canara Bank. Industrial Development Bank of India (IDBI Bank) declared results for the quarter ended September 2011. The bank reported 28% YoY and 20% YoY growth in interest income and net profits respectively. Net interest income (NII) remained stagnant in 2QFY12, despite a 20% YoY growth in advances. Capital adequacy ratio stood at 13.34% at the end of 1HFY12 from 14.17% at the end of 1HFY11. Cost to income ratio shrunk from 38% in 1HFY11 to 36% in 1HFY12. Net NPA (non-performing assets) to advances was slightly higher at 1.57% in 1HFY12 from 1.19% in 1HFY11. Net profit margin saw a decline in 2QFY12 and stood at 8.9% as compared to 9.5% in 2QFY11.

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 "Indian stock markets trade firm". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jul 25, 2017 (Close)

MARKET STATS