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

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

  • MyStocks


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

Mid and Small Caps outperform
Thu, 1 Nov Closing

Indices in the equity market of India stayed close to the breakeven line even during the closing stages of the day. Consequently, they ended the day only marginally higher. While Sensex today gained around 55 points, NSE-Nifty gained in the region of 25 points. BSE Mid Cap and BSE Small Cap indices were the better performers today, edging higher by 0.9% and 0.8% each respectively. Nearly two stocks gained for every stock that closed the day either flat or in the red on the Sensex today.

While Asian indices closed mixed today, Europe too was exhibiting a similar trend. The rupee was trading at Rs 53.7 to the dollar at the time of writing.

Just like yesterday, today's gain too wasn't all encompassing and involved only a few sectors like auto and health care. While consumer durables index gained the most, it was mainly on account of robust gains in Titan Industries, which has a pretty large weight in the total index. FMCG and energy stocks suffered the most with both ITC and Hindustan Unilever Ltd (HUL) that account for nearly three fourth of the index, ending on the losing side. Just like the past two days, the next few sessions too would be bottom up oriented as per us as there does not seem to be any big macroeconomic event on the horizon.

GSK Consumer, India's largest producer of malted beverages, has put up a good show for the quarter ended September 2012. The company's profits are up 25% YoY on the back of a 15% growth in topline. The superior bottomline performance could be attributed to expansion in operating margins that saw operating profits grow by 20% YoY. The fall in depreciation charges also contributed to the improved bottomline show. The nine month performance has not been very different either with profits growing by 24% YoY on the back of a 14% growth in topline. The stock closed higher by 1% on the bourses today.

Also closing higher was Larsen & Toubro, India's largest engineering firm. The positive sentiment was a result of reports that the company's construction arm has bagged orders worth Rs 10.6 bn across various business segments during the month of October 2012. These include an order worth Rs 3.2 bn for construction of an IT campus and another few from the water and effluent treatment segment totalling close to Rs 4 bn. Further, the power and transmission & distribution segment also accounted for around 1 bn worth of orders. Thus, the strong order book accretion trend even during current difficult environment is a positive for the firm we believe.

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 "Mid and Small Caps outperform". Click here!


Stock Market Updates

Sensex Rises 477 Points; Trading Resumes on NSE (Today's Market)

Feb 24, 2021 Special Update

The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.5% (Today's Market)

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

MUTHOOT FINANCE Share Price Down by 6%; BSE 500 Index Up 0.5% (Today's Market)

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

ZENSAR TECHNOLOGIES at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Sensex Trades Over 200 Points Higher; Dow Futures Down by 103 Points (Today's Market)

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

OMAXE Share Price Down by 6%; BSE REALTY Index Up 0.5% (Today's Market)

Feb 24, 2021 12:22 PM

OMAXE share price is trading down by 6% and its current market price is Rs 72. The BSE REALTY is up by 0.5%. The top gainers in the BSE REALTY Index are PRESTIGE ESTATES (up 1.9%) and DLF (up 1.9%). The top losers is OMAXE (down 5.8%)..

View More Indian Share Market News

Most Popular

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years(Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

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.


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


Feb 24, 2021 (Close)