Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks


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

Realty lifts Indian stocks markets
Mon, 12 Dec 09:30 am

Asian stock markets have opened the day on a mixed note. Stock market in Hong Kong (up 1.3%), Indonesia (up 1%) and Singapore (up 0.7%) is in the green while Malaysia (down 0.8%) and China (down 0.4%) is in the red. The Indian stock market have opened the day on a firm note. Stocks in the Realty and Metal space are leading the gains.

The BSE-Sensex is trading up by 84 points (0.5%) and the NSE-Nifty is up by around 20 points (0.4%). BSE Midcap and BSE Small cap stocks have opened on a firm note, with the BSE Mid Cap indices up by 0.5% and BSE Small Cap up by 0.6%. The rupee is trading at 52.14 to the US dollar.

Pharma stocks have opened the day on a weak note with Lupin and Ranbaxy leading the losses. Indian pharmaceutical player, Lupin is expecting 80% jump in its revenues to from US$ 165 m to $300 m from the Japan market over next two years. This comes after Lupin further strengthened its position on back of its enhanced presence after it acquired I'rom Pharmaceutical from I'rom Holdings Co Ltd. Apart from US and India, Japan is the priority market for Lupin. Currently, Lupin owns 2 companies in Japan-Kyowa and I'rom Pharmaceuticals

Auto Stocks have opened the day on a weak note with Maruti and Mahindra & Mahindra in the red. Maruti Suzuki's car, Swift, may see expansion to 3 body styles instead of 2 currently. The company is trying to maximize returns from its existing platform by adjusting itself with the current excise duty structure. The new version will most likely be named Swift 3.99 and will be Maruti's cheapest sedan. This will be sold along with existing Swift Dzire and will be offered at a lower price. The discount will be in the range of 50,000 when compared to Swift Dzire. The launch of this 4 metre Sedan will be done in February. Currently trial productions are in place.

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

Equitymaster requests your view! Post a comment on "Realty lifts Indian stocks markets". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Feb 23, 2018 (Close)