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Indian markets trade positively
Mon, 1 Jun 01:30 pm

After opening the day on a flat note, the Indian Indices are trading positive in the post noon trading session. Sectoral indices are trading on a mixed note with stocks from the Engineering and Pharma sectors leading the gains.

The BSE-Sensex is trading up 95 points (up 0.3%) and the NSE-Nifty is trading up 23 points (up 0.3%). The BSE Mid Cap index is trading up 0.22% and the BSE Small Cap index is trading up 0.26%. Commodity prices are trading on a negative note. Gold, per 10 grams, is trading at Rs 26,733. Silver, per kilogram, is trading at Rs 38,069. Crude oil is trading at Rs 3,806 per barrel. The rupee is trading at 63.61 to the US dollar.

Automobile stocks are trading mixed with Force Motors and Maruti Suzuki leading the gains. As per a leading financial daily, Maruti Suzuki has outperformed its rivals by reporting a rise in sales. The company which is the country's biggest car maker reported a growth of 13% in domestic sales for the month of May 2015. The company sold 1,02,359 units during the month in domestic markets while its exports grew 20.3 per cent to 12,466 units. The overall growth for the company stood at 13.8%. This is the second consecutive month of double digit growth for the company after reporting a 27% growth in April. Currently the stock of Maruti Suzuki is trading up by 2.6%.

Stocks in the hotel sector are also trading on a mixed note with The Indian Hotels and Country Club witnessing selling pressure. EIH Ltd, the hospitality company which runs hotels and resorts under the Oberoi and Trident brands has reported a rise in its quarterly results. The company for the quarter ended 31 March reported a 31.47% rise in its stand-alone net profit at Rs 0.48 bn as against 0.36 bn in the last fiscal. Standalone total income of the company also rose to Rs 13.4 bn during 2014-15, from Rs 12.5 bn in previous fiscal. The company stated that the rise in numbers was because it was able to increase market share in most locations. The Oberoi Group is planning to open three hotels during the first six months of 2016. Stock of EIH Ltd is trading down marginally%.

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