X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian markets open in red 
(Fri, 16 Jan 09:30 am) 
 
Barring the stock market in China (up 1.06%), most of the major Asian stock markets have opened the day on a weak note. Japan (down 3%) and Taiwan (down 1.2%) are leading the pack of losers. The Indian markets have also opened in the red with auto and oil and gas sectors witnessing maximum selling pressure.

BSE-Sensex is currently trading lower by about 91 points (down 0.33%), while the NSE-Nifty is down by about 26 points (down 0.33%). The Midcaps too opened the day on weak note, down by 0.04%. However small caps have opened the day on a positive note, up by 0.14%. The rupee was trading at Rs 61.75 to the dollar.

As per a financial daily, the exports during the month of December declined after the rise seen during November. The decline during December was largely attributable to outbound shipments, which fell 3.8% YoY. Exports had contracted in October by about 5% but then rose 7.3% in November from a year earlier. However, even imports for the month of December fell by 4.8%. Consequently, the trade deficit has improved, and was lowest in the current financial year.

IT stocks have opened the day on a firm note led by Hexaware Technologies, Wipro and Mphasis. India's largest software firm, Tata Consultancy Services (TCS) has announced its third quarter results for financial year 2014-2015 (3QFY15). The company reported a 2.9% quarter-on-quarter (QoQ) growth in its consolidated sales. In the constant currency terms, sales grew by 2.5% QoQ. The operating performance was good. The operating margin improved marginally by 0.2% QoQ to 28.8% during the quarter. On an absolute basis, the operating profits grew 3.6% QoQ. Net profits were up by 1.6% QoQ. The company has declared an interim dividend of Rs 5 per share. The record date is 28th Jan 2015 and the payout date is 9th Feb 2015.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian markets open in red". Click here!

  
 

S&P BSE IT


Apr 24, 2017 (Close)

S&P BSE IT 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS