Sensex Trades Marginally Higher; ITC & Reliance Top Gainers

Share markets in India are presently trading marginally higher. Sectoral indices are trading mixed with stocks in the energy sector and realty sector witnessing maximum buying interest while telecom stocks and capital goods stocks are witnessing selling pressure.

The BSE Sensex is trading up by 60 points (up 0.2%), while the NSE Nifty is trading up by 11 points (up 0.1%). The BSE Mid Cap index is trading down by 0.2% while the BSE Small Cap index is trading down by 0.3%.

The rupee is trading at Rs 71.27 against the US$.

The rupee strengthened 14 paise to 71.19 against the dollar at the interbank forex market today on increased selling of the American currency by exporters and banks.

Dollar's weakness against other currencies overseas amid fears of a slowing global economy and US government's record-long shutdown and early gains in domestic equity markets supported the rupee.

On Wednesday, the rupee had snapped its three-day losing streak and settled higher by 11 paise at 71.33 against the US dollar.

Market participants are tracking Yes bank, Ultratech cement, Mphasis, Pfizer, PVR as they announce their December ended quarter results today.

You can also read our analysis of some recently released Q3FY19 results: InfosysTCSTridentHDFC bankNIIT TechnologiesAsian PaintsTVS MotorHavells.

In the news from the auto sectorM&M share price is witnessing selling pressure today on concerns of lower volume growth of farm division.

Shares of the company were trading at their lowest levels since December 2017.

So far this month, the auto company has underperformed the market by falling 15% after reporting disappointing sales numbers of farm equipment sector for December 2018 due to tight liquidity and low buying sentiment.

The company said that it has sold 17,404 units of tractors in December, down 6% as compared to 18,488 units sold in the same month last year.

1 2 3
View single page >> |

To know how to safely profit from the ongoing IPO rush, download this FREE report now and discover  more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.