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?  

Energy stocks weigh down markets
Wed, 24 Dec 11:30 am

After opening flat, the Indian Indices have not found a clear direction in the morning trading session. While Auto stocks are leading the gainers; energy stocks are leading the losers.

The BSE-Sensex is trading down 33 points. The NSE-Nifty is trading down 7 points. The BSE Mid Cap index is trading up 0.3% and the BSE Small Cap index is trading up 0.2%. The rupee is trading at 63.44 to the US dollar.

Software stocks are trading mixed today. While HCL Technologies is leading the gainers; Wipro is leading the losers. As per a leading financial daily, India's second largest IT firm Infosys, has begun to aggressively market its leading banking software Finacle in the US, Europe Middle East and Africa. The software already has a dominant market share among banks in India. However, only about one-third of Finacle's revenues come from developed nations and Infosys is looking to increase this share. Finacle is used by banks on 84 countries and caters to 450 m customers. Infosys is trading up 0.4% today.

Most telecom stocks are trading higher today. Tata Communications and Tata Teleservices are leading the gainers. As per a leading financial daily, the Union Cabinet is all set to give the go ahead for the spectrum auctions in Feb 2015. The Notice Inviting Applications (NIA) could be issued as early as 26-27th of this month. The bidding could start on 23 Feb 2015. The 2G airwaves to be auctioned will be in the 800, 900 and 1,800 MHz bands. The 3G spectrum to be auctioned in the 2,100 MHz band will be added to the NIA later after the regulator TRAI finalizes the base price for the same.

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 "Energy stocks weigh down 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


Nov 24, 2017 (Close)