The Indian stock market is trading on a steady note maintaining over half a percent gain as investors continue to pile up hefty positions almost across the counters. European stocks climbed, extending a monthly advance, as a weaker euro boosted exporters.
At 1:35 PM, the S&P BSE Sensex is trading at 28,222 up 319 points, while NSE Nifty is trading at 8,706 up 99 points.
The BSE Mid-cap Index is trading up 0.76% at 13,164 whereas BSE Small-cap Index is trading up 1.05% at 12,629.
Bajaj Auto, Maruti Suzuki, GAIL, ICICI Bank, and Sun Pharma are among the gainers, whereas Bharti Airtel, Den Network, P&G, Jubilant FoodWorks and Prestige Estates are losing sheen on BSE.
Some buying activity is seen in auto, IT, banking, metal, oil & gas, FMCG, pharma and finance sectors, while telecom sector is showing weakness on BSE.
The INDIA VIX is down 2.22% at 12.8725. Out of 1,855 stocks traded on the NSE, 456 declined, 1,107 advanced and 292 remained unchanged today.
A total of 82 stocks registered a fresh 52-week high in trades today, while 19 stocks touched a new 52-week low on the NSE.
eClerx Services Ltd is currently trading at Rs. 1684, up by Rs. 51.2 or 3.14% from its previous closing of Rs. 1632.8 on the BSE. The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.95.9 crore for the quarter ended June 30, 2016 as compared to Rs.75.4 crore for the quarter ended June 30, 2015.
The company informed BSE that the Board of Directors of the Company at its meeting approved a proposal for buyback of equity Shares of the Company, subject to approval by the shareholders, for an aggregate amount not exceeding Rs.234 crore.
Ramky Infrastructure Ltd is currently trading at Rs. 82.95, up by Rs. 8.15 or 10.9% from its previous closing of Rs. 74.8 on the BSE. NHAI has awarded contracts worth Rs.1,646 crore to Ashoka Buildcon and Ramky Infrastructure for building two highway projects in Jharkhand.
The rupee opened marginally higher by 3 paise at 67.13/$ against US Dollar Tuesday as against the previous close of 67.16/$.
Asian markets are trading mixed. Nikkei 225 and Hang Seng are trading in green, while Shanghai Composite is in red.
The economy could well grow over 8pc this fiscal says Niti Aayog Vice-Chairman Arvind Panagariya. He attributes policy reforms, focus on implementation at the grassroots level and good monsoon for the same. The weather bureau is banking on one good spell before the southwest monsoon starts withdrawing from September 5; this could make good the deficit and perhaps record above-normal monsoon for the year.
The FIPB is expected to take up 12 foreign investment proposals today.
Wall Street closed higher on Monday. The Dow Jones industrial average rose 107.59 points to 18,502.99, the S&P 500 gained 11.34 points to 2,180.38 and the Nasdaq Composite added 13.41 points to 5,232.33.
Apple ended down 0.1 percent at USD 106.82. The company could face over 1 billion euros in back taxes as the European Commission was set to rule on Tuesday against Ireland's tax dealings with Apple.
On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.
The economy’s prospects for the current financial year are brighter than the previous fiscal, but growth is still below potential, wrote Reserve Bank of India governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16.
At 1:35 PM, the S&P BSE Sensex is trading at 28,222 up 319 points, while NSE Nifty is trading at 8,706 up 99 points.
The BSE Mid-cap Index is trading up 0.76% at 13,164 whereas BSE Small-cap Index is trading up 1.05% at 12,629.
Bajaj Auto, Maruti Suzuki, GAIL, ICICI Bank, and Sun Pharma are among the gainers, whereas Bharti Airtel, Den Network, P&G, Jubilant FoodWorks and Prestige Estates are losing sheen on BSE.
Some buying activity is seen in auto, IT, banking, metal, oil & gas, FMCG, pharma and finance sectors, while telecom sector is showing weakness on BSE.
The INDIA VIX is down 2.22% at 12.8725. Out of 1,855 stocks traded on the NSE, 456 declined, 1,107 advanced and 292 remained unchanged today.
A total of 82 stocks registered a fresh 52-week high in trades today, while 19 stocks touched a new 52-week low on the NSE.
eClerx Services Ltd is currently trading at Rs. 1684, up by Rs. 51.2 or 3.14% from its previous closing of Rs. 1632.8 on the BSE. The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.95.9 crore for the quarter ended June 30, 2016 as compared to Rs.75.4 crore for the quarter ended June 30, 2015.
The company informed BSE that the Board of Directors of the Company at its meeting approved a proposal for buyback of equity Shares of the Company, subject to approval by the shareholders, for an aggregate amount not exceeding Rs.234 crore.
Ramky Infrastructure Ltd is currently trading at Rs. 82.95, up by Rs. 8.15 or 10.9% from its previous closing of Rs. 74.8 on the BSE. NHAI has awarded contracts worth Rs.1,646 crore to Ashoka Buildcon and Ramky Infrastructure for building two highway projects in Jharkhand.
The rupee opened marginally higher by 3 paise at 67.13/$ against US Dollar Tuesday as against the previous close of 67.16/$.
Asian markets are trading mixed. Nikkei 225 and Hang Seng are trading in green, while Shanghai Composite is in red.
The economy could well grow over 8pc this fiscal says Niti Aayog Vice-Chairman Arvind Panagariya. He attributes policy reforms, focus on implementation at the grassroots level and good monsoon for the same. The weather bureau is banking on one good spell before the southwest monsoon starts withdrawing from September 5; this could make good the deficit and perhaps record above-normal monsoon for the year.
The FIPB is expected to take up 12 foreign investment proposals today.
Wall Street closed higher on Monday. The Dow Jones industrial average rose 107.59 points to 18,502.99, the S&P 500 gained 11.34 points to 2,180.38 and the Nasdaq Composite added 13.41 points to 5,232.33.
Apple ended down 0.1 percent at USD 106.82. The company could face over 1 billion euros in back taxes as the European Commission was set to rule on Tuesday against Ireland's tax dealings with Apple.
On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.
The economy’s prospects for the current financial year are brighter than the previous fiscal, but growth is still below potential, wrote Reserve Bank of India governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16.
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