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 share markets open flat 
(Fri, 7 Nov 09:30 am) 
 
Barring Indonesia (down 0.3%), all major Asian stock markets have opened the day on a positive note with the markets in China (up 0.6%) and Japan (up 0.4%) leading the gains. The Indian share markets have opened the day on a muted note. The sectoral indices are trading mixed with banking and auto indices leading the losses. However, the realty and consumer durables indices are trading firm.

The Sensex today is down by around 2 points (0.01%), while the NSE-Nifty is also down by about 2 points (0.03%). However, mid and small cap stocks are trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.3% and 0.2% respectively. The rupee is currently trading at Rs 61.39 to the US dollar.

Information technology stocks have opened the day mainly in the green with Moser-Baer India and Infosys Ltd leading the gains. As per a leading financial daily, Bangalore-based software services exporter Infosys Ltd has announced plans to hire 2,100 professionals in the US over the next 12 months. The hiring will be done across consulting, sales and delivery with an aim to scale up its global presence. It is worth noting that the company will have an additional team of 300 management graduates working in some of the disruptive technologies, including big data and analytics. The company is also planning to increase its consulting practice by hiring 180 graduates.

Auto stocks have opened the day mainly on a weak note with Escorts and Hero MotoCorp leading the losses. As per a leading financial daily, US-based private investment firm Bain Capital is selling shares in India's leading two wheeler maker Hero MotoCorp worth US$ 200 million, with an option to sell more. The private investment firm is selling 4.3 million shares at a price range of Rs 2,859.58 to Rs 2,963.30. It must be noted that as of end-September, Bain Capital held about 11.5 million shares in Hero MotoCorp, which is about 5.77% of the company's total equity.

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 share markets open flat". 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 27, 2017 (Close)

MARKET STATS