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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Midcap stocks outperform peers 
(Fri, 14 Dec 01:30 pm) 
 
The Indian markets rose above the dotted line and traded in a range bound manner during the post noon trading session. Barring stocks from the consumer durables, power and healthcare spaces, stocks from other sectors are trading firm today with those from the metal, realty and banking sectors being amongst the top performers at the moment.

The Sensex today is trading higher by about 70 points (up 0.4%), while NSE-Nifty is trading higher by about 20 points (up 0.4%). Stocks from the midcap space however seem to be in favour today as the BSE Mid Cap Index is trading higher by 0.6%. On the other hand, the BSE Small Cap is trading flat. The rupee is trading at 54.36 to the US dollar.

Stocks of fertilizer companies are trading firm led by Chambal Fertilizers, Tata Chemicals and Deepak Fertilisers. As per a leading financial daily, the Cabinet Committee on Economic Affairs has approved the urea investment policy to provide a fillip to capital investments in the fertilizer industry. Under the new policy, the government will provide a return of 12%-20% after tax deduction on fresh capital investments by fertilizer companies. The incentives will apply not only on new plants but also on expansion and up gradation of existing plants.

Inflation numbers, as measured by the wholesale price index (WPI), for the month of November 2012 came in at 7.24% as compared to 9.46% during the corresponding month last year. During the preceding month i.e. October 2012, the figure stood at 7.45%. Food inflation figures were however higher at about 8.5%, as compared to 8.32%. Fuel and power inflation came in at about 10% as compared to 15.48% last year. Diesel prices however were higher by 14.6%. The rate of increase in prices of manufactured items such as cotton and man-made textiles, paper products, amongst others, came in lower (5.4%) as compared to the corresponding period last year (8.17%).

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Sep 22, 2017 03:37 PM

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