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 stock markets are trading flat 
(Wed, 11 May 11:30 am) 
 
Indian stock markets have been trading flat over the last two hours of trade. All the sectoral indices are in the green except Oil&Gas and Banking.

The BSE-Sensex is up by 38 points while NSE-Nifty is trading 19 points above the dotted line. However, BSE Midcap and BSE Small cap indices are up by 0.6% each. The rupee is trading at 44.70 to the US dollar.

Auto stocks are trading strong led by Eicher Motors and Hero Honda. As per a leading financial daily, Tata Motors is looking at raising the production from its Pantnagar plant. The auto company aims to increase the production capacity at this plant from 0.1 m units to 0.35 m units. It recently launched two new small commercial vehicles (CVs) "Magic Iris" and "Ace Zip". These four-wheeler vehicles would be targeting the three-wheeler commercial vehicles in this segment including auto rickshaws and cargo vehicles. Tata Motors will also launch a new range of light commercial vehicles (LCVs) i.e. trucks and buses in July. The new LCV will be in the 7-12 tonne category and will roll out of the Pune plant. There are plans to launch a new intercity luxury bus to take on Volvo and Mercedes in the next 2-3 months. The final product is in the testing phase. It may be noted that the currently, luxury bus market in India is around 500 units a year and is dominated by Volvo and Mercedes.

Finance stocks are trading firm led by JN Financial and Power Finance Corporation. HDFC Ltd. released its FY11 (financial year 2010-2011) results yesterday. The company's interest income grew by 12% YoY on the back of 20% YoY growth in advances. Net interest margins for the year were marginally higher at 4.4%. Owing to the gains from sale of investment, other income grew by a sharp 66% YoY. For the year, net profit increased by 25% YoY. This was on the back of increase in other income. For the fourth quarter, net profit was higher by 23.3% YoY. This was aided by an increase of 175% YoY in other income. Capital adequacy ratio stood at 14% while gross NPAs stood at 0.8% for the year.

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 stock markets are trading flat". Click here!

  
 

S&P BSE SENSEX


Apr 21, 2017 (Close)

MARKET STATS