Sensex Opens Flat, Tata Motors Up 1.5%

Wed, 4 Jan 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.27% while the Hang Seng is up 0.04%. The Nikkei 225 is up 2.2% as yen weakened against a stronger dollar. Over in the US, the Dow Jones Industrial Average and S&P 500 closed their previous sessions on a firm note.

Meanwhile, Indian share markets have opened the day on a flat note. BSE Sensex is trading higher by 32 points and NSE Nifty is trading higher by 17 points. Meanwhile, S&P BSE Mid Cap and S&P BSE Small Cap are trading higher by 0.4% respectively. The rupee is trading at 68.09 against the US$. Barring FMCG sector, all the sectoral indices are trading in green with consumer durables and metal stocks leading the gains.

According to an article in The Financial Express, Exide Industries Ltd announced that it will invest Rs 3 billion to expand its capacity for advanced motorcycle batteries over a period of 18 months starting April.

In this regard, Exide opened a Rs 7 billion assembly facility in Haldia to make so-called punched grid batteries with technology from East Penn Manufacturing Co. of the US. Exide is the first producer of such batteries in India. With the new facility, Exide has increased its annual production capacity by 1.2 million to 15 million batteries.

Reportedly, the new range of batteries will not only be a lot more robust, being manufactured in a modern plant with advanced robotics and automation (Subscription Required), the manufacturing process will also eliminate human errors to a large extent.

Speaking about the impact of demonetisation on the company's sales, Exide witnessed a 30% drop in its sales in two-wheeler OEM (original equipment manufacturer) segment in the month of December last year. Sales in replacement market, however, remained unimpeached so far.

Considering the stocks in auto-ancillary space, how should you go about picking stocks from this segment? Tanushree Banerjee, Co-head of research has penned an interesting piece in our recent edition of The 5 Minute Wrapup. She is of the opinion that, besides healthy balance sheet, good growth prospects, sound management, one must look out for technological expertise, market position and strength of the aftermarket (Subscription Required) while picking stocks from this industry.

Exide's share price began the trading day up by 0.1% on the BSE.

Moving on to news from stocks in automobile sector. According to a leading financial daily, Tata Motors' passenger and commercial vehicle total sales (including exports) in December 2016 stood at 40,944 vehicles, 2% growth over 39,973 vehicles sold in December 2015. The company's domestic sales of Tata commercial and passenger vehicles for December 2016 stood at 35,825 units, up by of 1%, over December 2015. Cumulative sales (including exports) of the company for the fiscal were at 3, 91,493 units, higher by 7% over 364,939 vehicles, sold last year.

In December 2016, the company's passenger vehicles, in the domestic market, recorded sales at 10,827 units, with a growth of 35%, over December 2015. The passenger car sales continued its growth momentum at 40%, due to strong demand for the Tata Tiago, with sales showing an increasing trend (Subscription Required).

The overall commercial vehicles sales in December 2016, in the domestic market were at 24,998 units, lower by 9% over December 2015. Market continues to remain under pressure due to the impact of demonetization, which was felt across segments, particularly in the long haul cargo segment.

S&P Auto Index Since Demonestisation

Passenger vehicles sales at India's top three automakers slipped in December despite an aggressive sales push to beat the year-end sluggishness and the impact of demonetisation of high-value banknotes. However, firms with a relatively smaller base and new models in their line-up saw sales advance at a brisk pace over the year-ago period.

Automobile stocks are trading on a positive note with TVS Motors and Escorts Ltd leading the gains.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers