Sensex Hits New Highs; Wipro, Infosys Rally

Indian share markets traded marginally higher in the afternoon session. At the closing bell, the BSE Sensex stood higher by 54 points, while the NSE Nifty finished up by 30 points. Meanwhile, the S&P BSE Mid Cap finished up by 0.1% & the S&P BSE Small Cap finished flat. Gains were largely seen in realty stocks, metal stocks and software stocks.

Wipro share price gained 3.3% after it was reported that the board will consider a proposal for buyback of equity shares on 20 July.

With this, Wipro joins the growing roaster of Indian IT firms that have announced buyback offers to return surplus cash on their books to their shareholders.

Meanwhile, Fortis Healthcare share price and Religare Enterprises share price fell 8.1% and 4.5%, respectively after India Ratings and Research downgraded some non-convertible debentures (NCDs) and loans held by RHC Holding Pvt Ltd, which owns shares in Fortis and Religare, to default levels.

Jubilant Foodworks share price surged 9% in the afternoon session after the company reported rise of 25.51% in its net profit at Rs 238.4 million for the quarter under review as compared to Rs 190 million for the same quarter in the previous year. Total income of the company increased by 11.41% at Rs 6.81 billion for Q1FY18 as compared Rs 6.12 billion for the corresponding quarter previous year.

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.31% while the Shanghai Composite lost 1.43%. European markets too are mixed. The FTSE 100 is higher by 0.20%, while the DAX & the CAC 40 are down 0.47% and 0.02% respectively.

The rupee was trading at Rs 64.37 against the US$ in the afternoon session. Oil prices were trading at US$ 46.51 at the time of writing.

Read the complete Indian stock market update. For the terms of use, go here.

Sensex Ends Marginally Lower; Software Stocks Fall on Muted Results

Indian share markets finished marginally lower in the afternoon session. At the closing bell, the BSE Sensex stood lower by 17 points, while the NSE Nifty finished down by 5 points. Meanwhile, the S&P BSE Mid Cap finished up by 0.2% & the S&P BSE Small Cap finished down by 0.4%. Gains were largely seen in PSU stocks, pharma stocks, and energy stocks while, software stocks finished in red.

Infosys share price rose in morning trade before finishing down by 0.4% after the company reported better than expected earnings. The company reported 3.3% quarter-on-quarter (QoQ) in June quarter net profit at Rs 34.83 billion.

The company also maintained its full-year revenue guidance.

Meanwhile, TCS share price fell 1.9% after it reported muted earnings. The company reported sequential dollar revenue growth of just 2% in a seasonally strong quarter, and its margins fell by 240 basis points.

Asian stock markets finished higher today with shares in Hong Kong leading the region. The Hang Seng is up 0.16% while China's Shanghai Composite is up 0.13% and Japan's Nikkei 225 is up 0.09%. European markets are mixed to lower. Shares in London are off as the FTSE 100 drops 0.23%. The DAX is down 0.07% while the CAC 40 in France is unchanged.

The rupee was trading at Rs 64.45 against the US$ in the afternoon session. Oil prices were trading at US$ 46.30 at the time of writing.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Indices Finish the Day at Lifetime Highs

After opening the day on a positive note, Indian share markets continued their uptrend and ended their day on a positive note. Gains were largely seen in the capital goods sector, banking sector and FMCG sector leading the gains.

At the closing bell, the BSE Sensex stood higher by 233 points (up 0.7%) and the NSE Nifty closed higher by 76 points (up 0.8%). The BSE Mid Cap index ended the day up by 0.5%, while the BSE Small Cap index ended the day up by 0.4%.

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.1% and the Nikkei stood flat. European markets are trading positively today with shares in London leading the region. The FTSE 100 is up 0.11% while Germany's DAX is up 0.20% and France's CAC 40 is up 0.63%. The rupee was trading at 64.43 to the US$ at the time of writing.

In other news, shares of newly listed companies witnessed buying interest and surged as much as 10% today.

The companies include Central Depository Services Ltd (CDSL), Hudco, and AU Small Finance Bank, which were some of the IPOs that entered the Indian share markets lately.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Stock Markets Finish the Week on a Flat Note

Share Markets in India finished the trading day on a flat note with negative bias on account of selling in frontline blue chip stocks like Axis Bank, ICICI Bank and Hindustan Unilever.  

At the closing bell, the BSE Sensex stood lower by 27 points, while the NSE Nifty finished flat. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.7% respectively.

Sectoral indices ended on a mixed note. The software stocks & the bank stocks witnessed maximum buying interest while losses were largely seen in energy stocks & BSE metal stocks.

The rupee was trading at Rs 64.59 against the US$ in the afternoon session. Oil prices were trading at US$ 48.69 at the time of writing today’s market.

Indian Oil Corporation share price surged 3.5% as the company signed a memorandum of understanding to supply petroleum products to Nepal Oil Corporation (NOC) for a further five years.

For more details, see the IOC company fact sheet and quarterly results. For a sector overview, read our energy sector report.

In another development, Oil & Natural Gas Corp (ONGC) and Bharat Petroleum Corporation ltd (BPCL) are set to overtake Reliance Industries in overseas fund raising in FY17.

ONGC share price and BPCL share price finished up by 0.3% and 1.3% respectively. 

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Stock Markets Finish Firm

Share Markets in India finished the trading day on a positive note on account of buying in frontline blue chip stocks like SBI, ICICI Bank and Bharti Airtel.  

At the closing bell, the BSE Sensex stood higher by 122 points, while the NSE Nifty finished up by 43 points. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.2% and 0.3% respectively.

Sectoral indices ended on a mixed note. The consumer durables stocks & the bank stocks witnessed maximum buying interest while losses were largely seen in real estate stocks, automobiles stocks, and Indian pharma stocks.

The rupee was trading at Rs 64.59 against the US$ in the afternoon session. Oil prices were trading at US$ 48.69 at the time of writing today’s market.

Bharti Infratel share price rallied 5.4% after a consortium of global private equity firms KKR and Canada Pension Plan Investment Board (CPPIB) bought 10.3% stake in tower infrastructure firm from open market. The consideration from stake sale is Rs 68.1 billion.

For more details, see the Bharti Infratel company fact sheet and quarterly results. For a sector overview, read our telecom sector report.

BSE Bankex stocks finished the trading day on a firm note with SBI share price and ICICI Bank share price leading among the gainers.   

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Stock Markets Finish on a Firm Note

Share Markets in India continued to flourish in green in late afternoon session on account of buying in frontline blue chip stocks. 

At the closing bell, the BSE Sensex stood higher by 172 points, while the NSE Nifty finished up by 56 points. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.6% respectively.

Bank stocks and autombiles stocks were among the top gainers today.

Meanwhile, here is a list of BSE gainers today.

The rupee was trading at Rs 65.09 against the US$ in the afternoon session. Oil prices were trading at US$ 48.15 at the time of writing share market news.

Axis Bank share price surged 3.3% in today’s trade after its board of directors passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to US$10 million under the medium term note (MTN) program through its Dubai International Financial Centre (DIFC) branch. The capital will be raised through its Dubai International Financial Centre branch. 

For more details, see the Axis Bank company fact sheet and quarterly results. For a sector overview, read our banking sector report.

Indian pharma stocks finished the trading day on a firm note with Aarti Drugs share price and Torrent pharma share price leading among the gainers.   

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Indian Share Markets Finish in Red

Share Markets in India continued their weak trade in late afternoon session on account of selling in front line bluechip stocks. 

At the closing bell, the BSE Sensex stood lower by 188 points, while the NSE Nifty finished down by 63 points. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished down by 0.3% and 0.1% respectively.

Metal stocks and oil & gas stocks were among the top losers today.

 
Meanwhile, here is a list of BSE gainers today.

The rupee was trading at Rs 65.09 against the US$ in the afternoon session. Oil prices were trading at US$ 47.61 at the time of writing share market news.

SBI share price finished up by 1.1% in today’s trade after the bank received its board approval to dilute 10% of its stake in the life insurance venture SBI Life through public offer. Of the 10% stake on offer in SBI Life Insurance Company, 8% will be sold via an offer for sale, while the remaining will be fresh issuance of shares. 

For more details, see the SBI company fact sheet and quarterly results. For a sector overview, read our banking sector report.

Bank (PSU) stocks finished on a firm note with Bank of India share price and PNB share price leading the gains.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.