Sensex Trades Marginally Higher; Tata Motors & ITC Top Gainers

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

The BSE Sensex is trading up by 97 points (up 0.3%), while the NSE Nifty is trading up by 27 points (up 0.3%). The BSE Mid Cap index is trading up by 0.3% while the BSE Small Cap index is trading up by 0.1%.

The rupee is trading at Rs 70.57 against the US$.

The rupee appreciated against the US$ in early trade today after retail inflation declined marginally to 2.1% in January.

On Tuesday, the currency appreciated by 48 paise to close at one-month high of 70.70 against the US dollar, registering its sixth straight session of gain.

Market participants are tracking Godrej Industries share priceRepco Home Finance share priceRuchi Soya share price, and Talwarkars Better Value Fitness share price today as these are among companies which are scheduled to report their quarterly earnings today.

You can also read our recently released Q3FY19 results of other companies here: Reliance IndustriesInfosysTCSTridentHDFC bankMaruti SuzukiTata MotorsTata SteelAurobindo PharmaMRFGilletteSun Pharma.

Bata India share price is witnessing buying interest today after the company reported strong growth of 51% in net profit at Rs 1.1 billion in December 2018 quarter (Q3FY19).

The footwear company had a profit of Rs 0.7 billion in the year-ago quarter.

Revenues grew 16% at Rs 7.8 billion in Q3FY19 against Rs 6.7 billion in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, taxation, depreciation and amortization) margin improved 450 basis points to 21% from 16%.

Shares of the company hit new highs and gained around 4% in early trade on back of the above news.

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