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?  

IT and Energy stocks lead the gains
Fri, 20 Dec 11:30 am

After opening firm, the Indian Indices are trading well above the dotted line morning session. The buying interest is the highest in software and Energy stocks. The selling pressure is highest in FMCG and Engineering stocks.

The BSE-Sensex is trading up 95 points and the NSE-Nifty is trading up 25 points. The BSE Mid Cap index is trading up 0.9% and the BSE Small Cap index is trading up 0.7%. The Rupee is trading at 62.26 to the US Dollar.

Most software stocks are trading higher today. Tech Mahindra and Wipro are among the stocks leading the gainers. India's largest software firm Tata Consultancy Services (TCS), in a filing to the stock exchanges, said that it has developed a new mobile solution for auto insurance customers. The application which can be installed on smartphones will facilitate usage based insurance (UBI). It will closely align a customer's driving patterns and habits with the amount of auto insurance that they pay. This would minimize the need for the customer to buy a separate and potentially more costly telematics device provided by the insurer. The app which will be available on Android and iOS will help customers track their driving habits, adopt safe behaviors and help them save money. TCS claims that telematics would help drive revenues from the insurance sector and that this smart phone app is a step in that direction. TCS is trading up 1.3% today.

Telecom stocks are trading mixed today. Tata Communications and Tata Teleservices are among the stocks leading the gainers. Bharti Airtel and Mahanagar Telephone Nigam Limited (MTNL) are among the stocks leading the losses. According to a leading business daily, India's largest telecom firm, Bharti Airtel, might be considering a move to raise call rates by 10-20%. In September, the company had increased tariff rates for postpaid customers by up to 50%. Bharti has however maintained since then, that it is currently in a process of reducing discount schemes and promotional offers, to improve realizations and that no further tariff hike is in the pipeline. Bharti which is seeing strong growth in the mobile internet revenues has said that call and SMS based revenues may decline as a percentage of total revenues going forward. Bharti Airtel is trading down 1% today.

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 "IT and Energy stocks lead the gains". 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


Mar 20, 2018 (Close)