X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks

MEMBER'S LOGINX

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

Markets continue to trade firm
Fri, 28 Oct 11:30 am

Indian stock market indices have been trading firm over the last two hours of trade on back of buying interest in index heavyweights. All sectoral indices are trading in the positive led by Metal and Auto stocks.

The BSE-Sensex is trading up by 459 points and NSE-Nifty is trading up by 148 points. BSE Mid Cap and BSE Small Cap indices are trading higher by 1.2% and 1% respectively. The rupee is trading at 48.82 to the US dollar.

Automobile stocks are trading firm led by Tata Motors and Hero Motocorp. According to a leading financial daily, Maruti Suzuki is gearing up to set a new plant either in Gujarat or Maharashtra. The auto company is planning a 1,000 acre plant with a capacity of rolling out 2 m cars annually. The total investment outlay for the same is expected to be Rs 180 bn, including Rs 60 bn for auto ancillary unit. It will be a phased investment. Initially, Rs 60 bn will be invested to produce 0.1 m cars. Final decision is expected from the management by the end of this month.

FMCG stocks are trading strong. All stocks in the sectoral index are trading in the green. Paper Products and Camlin are the biggest gainers. According to a leading financial daily, Colgate is planning an investment of Rs 2 bn in Gujarat. This will be towards setting up a new plant in the state. The FMCG company is considering a industrial estate in Sanand (near Ahmedabad) as the location of the plant. This industrial estate is being developed by state-run Gujarat Industrial Development Corporation (GIDC). It may be noted that Colgate has existing manufacturing facilities at Aurangabad, Baddi (Himachal Pradesh), Hyderabad and Kundaim (Goa).

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

Equitymaster requests your view! Post a comment on "Markets continue to trade firm". Click here!

  

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Feb 22, 2018 (Close)

MARKET STATS