Markets will remain closed on April 17, 2024 on account of Ram Navami.

Sensex Opens Flat; Coal India Plunges 3.3% on Weak Q2 Result

Mon, 13 Nov 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Asian stock markets are higher in morning trade as shares in China and Hong Kong shares show gains. The Hang Seng is up 0.23% while the Shanghai Composite is trading up by 0.3%. The Nikkei 225 is down 0.62%. Over the weekend, US markets closed lower.

Meanwhile, Indian share markets too have opened the day on a flat note. BSE Sensex is trading lower by 14 points and NSE Nifty is trading lower by 5 points. S&P BSE Mid Cap and S&P BSE Small Cap are trading up by 0.1% respectively. Gains are largely seen in software stocks and auto stocks. Capital good stocks and realty stocks are witnessing majority of the selling pressure. The rupee is trading at Rs 65.01 against the US$.

Small caps have comfortably outperformed the Large caps and how. The BSE Small Cap Index has returned 21.7% in FY18 compared to 12.5% by BSE 100 and 11.7% by the Sensex.

Small Caps - Outperformers in Current Financial Year

Expectedly, valuations of certain Small cap companies have gone through the roof. It is important to understand the highly volatile nature of these stocks. In a downturn, these stocks tend to move in the opposite direction much faster as well.

While there, undoubtedly, lies hidden opportunities in the small cap space, it is important to focus on fundamentals of these stocks. Next, assess if they have the potential to move on to the 'Safe stock' category in the future.

In news from engineering sector, Larsen and Toubro (L&T) reported a higher than expected 27% rise in second quarter net profit, beating street estimates, helped by a one-off gain from the sale of a subsidiary.

Consolidated net profit rose to Rs 18.2 billion (US$279.31 million) in the three months ended September quarter from Rs 14.35 billion a year earlier.

Painting a subdued domestic investment environment, L&T said it won't be able to meet its order inflow guidance of a growth of 12-14% in the financial year 2017-18. Revenue, on the other hand, grew by 5.7% to Rs 264.46 billion, aided by a 49.9% jump in the heavy engineering segment to Rs 12.11 billion.

As per the reports, the company's gloomy order book guidance was the headwinds it was facing in the Middle East due to the turmoil in Saudi Arabia, the embargo of Qatar and the slowdown in Oman and Kuwait.

L&T share price began the trading day down by 3% on the BSE.

Moving on to news from pharma sector. As per an article in The Livemint, Aurobindo Pharma Ltd expects its US injectables business to grow at least 40% this financial year.

The company's plan to launch new products combined with higher sales from existing products-growth that is likely to help offset some of the pricing pressure in oral solid drugs.

The company's injectables business has been growing significantly over the last two-three years. In fiscal year 2016-17, US injectable sales rose 67% to US$157 million, while in 2015-16, sales were up 39% year-on-year at US$95.2 million.

Meanwhile, Aurobindo Pharma's oral solid drugs business saw a higher price erosion of 10-12% in the September quarter against 9-11% in the June quarter. Still, the company expects growth in the US, its biggest market, to continue. Reportedly, The company expects about seven to nine product approvals in the US each in the remaining two quarters of this year.

Aurobindo Pharma share price opened the day down by 0.5% on the BSE.

Moving on to news from mining sector. Coal India share price plunged 3.3% in early trade after the company reported close to 40% fall in its consolidated net profit to Rs 3.68 billion in the quarter ended September 30, 2017 as compared to Rs 6.12 billion in the corresponding quarter last fiscal.

Its revenue from operations for the quarter stood at Rs 181.48 billion, up 4.19% from Rs. 174.18 billion in the year-ago period.

A key factor that drove the miss was that CIL made a provision of Rs 23 billion towards wage settlement in its employee costs. What also adversely affected profitability was that other income dropped sharply by 56% YoY.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers