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?  

Sensex trades above 28,000
Wed, 12 Nov 11:30 am

After opening firm, the Indian Indices are trading at record highs during the morning session. Banking and auto stocks are leading the gainers; while metal stocks are trading in the red.

The BSE-Sensex is trading up 195 points. The NSE-Nifty is trading up 47 points. The BSE Mid Cap index is trading up 0.9% and the BSE Small Cap index is trading up 0.7%. The rupee is trading at 61.49 to the US dollar.

Indian pharma stocks are trading mixed with, Piramal Enterprise and Aurobindo pharma being the leading gainers while Cadila healthcare and Dishman pharma being the leading losers in the pack. Aurobindo pharma has announced that the company has emerged as the highest bidder for acquiring Natrol; which manufactures supplements. Reportedly, the process has reached final stage and will be approved by United States bankruptcy court of district of Delaware. Under the auction process, Aurobindo USA emerged as the highest and best bidder with a bid of US$132.5 million to acquire the assets of Natrol with an agreement to take on certain liabilities. Aurobindo USA believes that Natrol is an excellent strategic fit and provides the right platform for creating a fully-integrated OTC platform in the USA and in other international markets. The acquisition will benefit Aurobindo. Post acquisition Aurobindo will have access to its strong portfolio, having presence in variety of attractive supplements market. Thus this will be a new line of segment for the company. Aurobindo pharma was trading up by 3.8% at the time of writing.

Software stocks are trading mixed today. While Tata Consultancy Services (TCS) is leading the gainers; HCL Tech is leading the losers. India's second largest software firm Infosys, is betting big on software products to revive its fortunes. The company's R&D division, Infosys Labs, has been at the centre of the new CEO Vishal Sikka's efforts to transform the company into a next generation services firm. To this end the company has stated that Infosys Labs will develop and implement new disruptive technologies. At the forefront will be automation technologies as well as artificial intelligence. The company has repositioned the division to focus on these technologies and come up with products that will benefit clients. The stock was trading up 0.3% at the time of writing.

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 "Sensex trades above 28,000". Click here!


Views on News

Inflation & Your Investments (Fast Profits Daily)

Mar 4, 2021

Inflation is the buzz word in the world of finance these days. It impacts all of us. Here's how it affects your investments.

What India's Positive GDP Reading Means for Your Equity Mutual Fund Investments (Outside View)

Mar 4, 2021

Given the risks involved, we may witness a sort of 'W-shaped' recovery wherein we would dip again before moving up, explains Rounaq Neroy in this edition of the Daily Wealth Letter.

I'm Back to Where It All Started (Profit Hunter)

Mar 4, 2021

Join us in welcoming research analyst, Aditya Vora, to Equitymaster.

Dollar at 80? (Fast Profits Daily)

Mar 3, 2021

Can the rupee depreciate to 80 against the US dollar? In this video, I'll show you what the charts say.

Motilal Oswal Asset Allocation Passive Fund of Fund: Aims to Benefit from Investing in Multi-Asset Passive Funds (Outside View)

Mar 3, 2021

PersonalFN analyses the features of Motilal Oswal Asset Allocation Passive Fund of Fund and explains the potential this fund has to offer to its investors.

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.

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.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...


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


Mar 4, 2021 (Close)