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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Metal & realty shares steal the show 
(Fri, 14 Nov Closing) 
After trading in the positive territory during post noon trading session, the Indian equity markets gathered some momentum and closed the day in the green. While the BSE-Sensex today closed higher by 106 points, the NSE-Nifty closed higher by 32 points. Even Midcaps and Smallcaps closed in the green today. Both BSE Mid Cap index and BSE Small Cap index closed higher by 0.52%. Metal & Realty stocks were the biggest gainers today.

As regards global markets, Asian pack closed strong today. The rupee was trading at Rs 61.76 to the dollar at the time of writing.

The wholesale price index (WPI) inflation for the month of October came in at a 5 year low of 1.77%. The inflation of primary articles dipped to 1.43%. However, the biggest reason for cheer was a dip in food price inflation to 2.7%, which was at a 2.5 years low. Fuel inflation also declined amidst fall in crude prices. Just about a week ago data on consumer price inflation (CPI) was also released. The CPI figure stood at 5.52% in October signaling that inflation is gradually receding. RBI has a target of bringing inflation to 8% by Jan 2015 and 6% by Jan 2016. While the current decline in prices shows we are on track fuel and food prices should remain benign if RBI's target has to be met.

Engineering stocks ended the day on a mixed note. Praj Industries and Voltas were the biggest gainers. Engineering major BHEL reported its 2QFY15 results today. While topline declined 31% YoY to Rs 60.2 bn bottomline declined 72% YoY to Rs 1.25 bn in 2QFY15. Revenues from the power segment declined 37% YoY while those from the industry segment declined 9% YoY. EBITDA margins stood at 4.8% during the quarter showing an improvement by 10 bps on a YoY basis. The order book stood at Rs 1,040 bn at the end of the quarter. Amidst poor financial performance the stock closed flat today.

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Jul 24, 2017 12:13 PM