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Indian markets gain momentum
Thu, 3 Sep 01:30 pm

After opening the day in the green, Indian Indices have surged upwards in the post noon trading session. Most of the sectoral indices are trading positively with stocks from the steel, engineering and Mining sectors leading the gainers.

The BSE-Sensex is trading up 295 points (up 1.2%) and the NSE-Nifty is trading up 86 points (up 1.1%). The S&P BSE Midcap index is trading up 1.2% and the S&P BSE Smallcap index is trading up 1.1%. In commodity markets, Gold prices, per 10 grams, are trading at Rs 26,604 levels. Silver price, per kilogram, is trading at Rs 34,900 levels. Crude oil is trading at Rs 3,081 per barrel. The rupee is trading at 66.22 to the US dollar.

Stocks in the software space are trading on a mixed note with Oracle Financial Services and Info Edge leading the losses. HCL Technologies, a leading global IT services provider, has entered into a global partnership with Manchester United. As a part of this partnership, HCL and Manchester United will work together to unveil a number of digital initiatives in order to transform the experience of the Club's 659 million global followers. Going with the first step, HCL will create a state-of-the-art United Xperience Lab to be housed within the iconic Old Trafford stadium. Scrip of HCL Technologies is currently trading up by 0.7% on the BSE.

Stocks in the automobile space are trading on a mixed note with Tata Motors leading the gains. As per a leading financial daily, Tata Motors' owned Jaguar Land Rover (JLR) India has launched its premium SUV- Discovery Sport- in India. This new SUV will be available at a price of Rs 46.10 lakh (ex-showroom Mumbai). It is said to be manufactured at Land Rover's facility in Pune, Maharashtra. Tata Motors is India's largest automobile company and the leader in commercial vehicles in each segment. Scrip of the company is currently trading up by 3% on the BSE.

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