Sensex Trades Flat; Metal & FMCG Stocks Gain

Share markets in India are presently trading on a flat note. Barring realty sectorIT sector and auto sector, all sectoral indices are trading in green with stocks in the metal sector and FMCG sector witnessing buying interest.

The BSE Sensex is trading up by 15 points (up 0.1%), while the NSE Nifty is trading up by 12 points (up 0.1%). The BSE Mid Cap index is trading up by 0.5% and the BSE Small Cap index is trading up by 0.4%.

The rupee is trading at Rs 71.19 against the US$.

The rupee rose 29 paise to 71.15 against the dollar in early session today on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets.

Besides, the dollar falling against other currencies overseas on lingering worries about a global slowdown and continuing US-China trade tensions supported the Indian rupee.

Market participants are tracking ITCInterGlobe aviationBharti InfratelVijaya bank as they announce their December ended quarter results today.

You can also read our recently released Q3FY19 results: Zee Entertainment's latest result analysisReliance IndustriesFederal BankInfosysTCSTridentHDFC bankNIIT TechnologiesCyient.

In the news from the software sectorWipro share price is witnessing buying interest today.

The company last Friday reported a 31.8% YoY rise in profit at Rs 25.4 billion for the quarter ended December 31.

Wipro reported 2.4% quarter-on-quarter rise in revenue in constant currency terms led by strong growth in BFSI and consumer business unit.

In rupee terms revenue was up 3.5% at Rs 146.6 billion.

The board of the company also recommended issuing equity shares in the proportion of 1:3, which is one bonus equity share of Rs 2 each for every three fully paid-up equity shares held.

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