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Indian markets trade flat
Thu, 6 Aug 11:30 am

After opening the day on a flat note, the Indian Indices continued to trade slightly below the dotted line. Sectoral indices are trading on a mixed note with stocks from the FMCG and mining sectors leading the losers. However pharma stocks are trading firm.

The BSE-Sensex is trading down 38 points (0.1%) and the NSE-Nifty is trading down by 12 points (0.1%). The S&P BSE Midcap index and the S&P BSE Smallcap index are trading marginally down by 0.2% and 0.1% respectively. At the time of writing, the rupee was trading at 63.76 to the US dollar.

Stocks in the power sector are trading mixed with Torrent Power Ltd leading the gainers and PTC India Ltd leading the losses. As per a leading financial daily, PTC India Ltd has reported a 9.6% YoY rise in its net profit for the quarter ended June 30, 2015. However, the company's total income witnessed a fall of 10.6% on a YoY basis. The company acts as an intermediary between buyer and sellers of power. It also offers advisory services for setting up independent power producing plants. Presently the stock of company is trading down by 2.4%.

Engineering stocks are trading on a mixed note with Volt amp Transformers leading the gains and BGR Energy leading the losses. According to financial times, Siemens has reported about thirteen fold jump in its net profit for the quarter ended June, 2015. For the period, the company's total income increased by 1.3% on a YoY basis. Siemens is one of the leading producers of energy-efficient, resource-saving technologies; combined cycle turbines for power generation and power transmission solutions. Currently the stock of Siemens is trading up by 2.4%.

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