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The Hang Seng index is a barometer of Hong Kong Stock Market. It constitutes 33 blue chip stocks with commerce and industry sector having a highest weight of around 48%.
The constituent stocks are grouped under commerce & industry, finance, properties and utilities sub-indexes. The aggregate market capitalisation of these stocks accounts for about 70% of the total market capitalisation on The Stock Exchange of Hong Kong Limited (SEHK).
After opening the day marginally higher, share markets in India have continued to remain strong and are trading above the dotted line. Sectoral indices are trading on a mixed note with stocks in the telecom sector.
Tata Consultancy Services (TCS) has declared results for the quarter ended June 2016. The company has reported a 3% QoQ increase in consolidated sales while the consolidated net profit was up 0.3% QoQ.
Tata Motors Ltd has reported a 19% YoY and 202% YoY growth in sales and net profits for the quarter ended March 2016.
Idea Cellular has reported a 12.4% YoY growth in the topline and a decrease of 0.4% YoY in the bottomline for the quarter ended March 2016.
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