Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Mid and Smallcaps outperform Sensex
Tue, 24 Nov 12:30 pm

Profit booking in index heavyweights dragged the indices lower during the previous two hours of trade. Stocks from commodity and banking sectors have been at the receiving end while those from auto and telecom sectors have evinced some buying interest. 4 stocks have been down for every 1 stock that has gained on the BSE Sensex.

The BSE-Sensex and the NSE-Nifty are currently trading lower by around 115 points and 38 points respectively. Stocks from the mid and small cap spaces, however, have managed to stay afloat in the positive territory, with the BSE-Midcap and the BSE-Smallcap indices trading higher by 0.1% and 0.4% respectively. The rupee is trading at 46.60 to the US dollar.

As per a leading business daily, farm equipment and utility vehicles major Mahindra & Mahindra (M&M) is considering a price hike to pass on the rise in input costs to consumers. Of late, commodity prices have been witnessing an upward trend and the surge has been particularly noticeable in case of rubber and sheet metals. Although currently the hike in commodity prices is being absorbed by the company, any further rise can eat into its margins. It may be noted that in 2QFY10 the automobile sector witnessed one of the best margins in many years. The same are less likely to sustainable if commodity prices scale further. M&M and its peers have started feeling the pressure on their margins. We believe that given its pricing power, M&M will be able to pass on the higher cost without impacting its volumes. The stock along with its peers Ashok Leyland and Tata Motors is trading higher currently.

Software stocks are trading a mixed bag currently. The major losers being HCL Tech and TCS. As per a business daily, HCL Tech has won a 30 years outsourcing contract from a UK based insurance firm Equitable Life Assurance. This US$ 200 m contract has been awarded to HCL Tech's UK based insurance business unit. However, complete insurance solutions support would be backed by HCL Tech. This includes policy administration, finance, actuarial services, IT operational support and call centre services. The company expects this deal to generate majority of the cash flows during initial 5 to 6 years. Thereafter, with decline in policy revenues its revenue share would gradually decline. This long term contract is likely to benefit the company's financial services vertical which accounts for nearly one-fourth of the HCL Tech's revenues.

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 "Mid and Smallcaps outperform Sensex". Click here!

  

Stock Market Updates

MRPL at 52 Week High; BSE 500 Index Up 2.0% (Today's Market)

Mar 1, 2021 03:34 PM

MRPL share price has hit a 52-week high. It is presently trading at Rs 45. BSE 500 Index is up by 1.7% at 19,713. Within the BSE 500, MRPL (up 8.3%) and RCF (up 20.0%) are among the top gainers, while top losers are HIMADRI SPECIALITY CHEMICAL and BHARTI AIRTEL.

KEC INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Mar 1, 2021 03:26 PM

KEC INTERNATIONAL share price is trading up by 5% and its current market price is Rs 454. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are KEC INTERNATIONAL (up 5.2%) and BHARAT ELECTRONICS (up 6.5%). The top losers are SCHAEFFLER INDIA (down 0.2%) and HINDUSTAN AERO. (down 0.3%).

GUJARAT ALKALIES Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Mar 1, 2021 03:24 PM

GUJARAT ALKALIES share price is trading up by 10% and its current market price is Rs 346. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 10.2%) and DEEPAK NITRITE (up 14.5%). The top losers are COLGATE and HDFC AMC .

DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:08 PM

HIMADRI SPECIALITY CHEMICAL share price is trading down by 11% and its current market price is Rs 55. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are RCF (up 20.0%) and MMTC (up 20.0%). The top losers is HIMADRI SPECIALITY CHEMICAL (down 11.3%).

Sensex Trades Over 300 Points Higher; Dow Futures Up by 204 Points (Today's Market)

Mar 1, 2021 12:30 pm

BSE Sensex is trading up by 378 points, while the NSE Nifty is trading up by 165 points.

View More Indian Share Market 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.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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.

More

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

S&P BSE SENSEX


Mar 1, 2021 (Close)

MARKET STATS