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  
Cons. durables drag mkts down 
(Thu, 20 Nov 11:30 am) 
 
After opening in the green, the Indian indices have given up the early gains and are trading below the dotter line. Pharma and IT stocks are leading the gainers while consumer durables and capital goods stocks are trading in the red. Mid and small cap stocks are witnessing buying interest.

The BSE-Sensex is trading down by 30 points. The NSE-Nifty is trading down 3 points. The BSE Mid Cap index is trading up 0.2% and the BSE Small Cap index is trading up 0.1%. The rupee is trading at 61.82 to the US dollar.

Most software stocks are trading higher today. Tech Mahindra and Infosys are leading the gainers. As per a leading financial daily, India's second largest software firm Infosys, has cracked down hard on a few employees of its BPO division for financial irregularities. The executives had over-invoiced one of the company's marquee clients Apple, in a European country. Infosys has terminated the services of the BPO division's CFO for not reporting the incident. The division's CEO has also stepped down taking moral responsibility. The employees involved have also been dismissed from service. The company has clarified that the amounts involved were insignificant. However, keeping with the highest levels of corporate governance at the firm, Infosys has begun taking punitive measures. The stock was trading up 0.6% at the time of writing.

As per a leading business daily, the government has offered exporters a refund of the duty they pay on imports as an incentive to boost exports. This comes on back of the fact that exports contracted during the month of October, more so for the first time in six months. The new drawback rates have been determined on certain broad average parameters including the prices of inputs, input output norms, share of imports in input consumption, the applied rates of central excise and customs duties on inputs used for exports etc. One may note that the duty drawback is a refund of duties on imported inputs for export items, and this furthering on incentives will prove as an incentive for all companies in the export sector.

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 "Cons. durables drag mkts down". Click here!

  
 

S&P BSE IT


Apr 28, 2017 (Close)

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS