Indian Indices Open Flat

Wed, 24 Aug 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Barring Japan, major Asian stock markets have opened the day on a negative note. Stock markets in Indonesia and Hong Kong are trading lower by 0.4% and 0.7% respectively. Benchmark indices in Europe and US ended their previous session in green with stock markets in Germany ending the day higher by 0.9%. The rupee is trading at 67.05 per US$.

Indian stock markets have opened the day on a flattish note. The BSE Sensex is trading marginally higher by 55 points (up 0.2%) and the NSE Nifty is trading higher by 20 points (up 0.2%). BSE Mid Cap and BSE Small Cap too are trading higher by 0.3% and 0.2% respectively.

Major sectoral indices have opened the day on positive note with stocks from Information technology and Oil & gas sector are witnessing maximum buying interest.

As per an article in Livemint, Infosys is expected to earn incremental revenues of Rs 4 billion spread over the third and fourth quarter as part of implementation of the Goods Service and Tax Network (GSTN).

Infosys had been awarded a contract from the government to implement the GST network last September. However, with hurdles over the passage of the bill, the contract work had halted. The work on the same seems to have resumed since the government has asked Infosys to start work on the hardware part a day after the Rajya Sabha passed the constitutional amendment bill for GST on 3 August.

The contract involves installation of hardware devices and once that's done software will be installed in it. In totality the contract value is pegged at Rs 13.8 billion. The balance amount will be recognized as revenues over five years of the contract period.

Recently, the company had revised its revenue guidance in terms of dollar revenue growth downwards by 1.5% to 12.3%. Incremental revenues from this contract could possibly help the company to achieve this target or even exceed it. The stock is trading up by 1.3%.

In another news update, Nestle India is planning to expand its volume growth in double digits in the current calendar year.

In the six months ended June, the company's domestic sales have grown at 7.3% in volume terms and 2.6% in value terms. Largely the volume growth has been led by a recovery in the sales of Maggi Noodles. Reportedly, Maggi has regained its leadership position by capturing 57% of the market in June this year from the very lows of 10.9% post the ban.

However, what is worrying is that excluding the noodle brand other categories have posted a volume growth of mere 0.5% in volume terms. And maggi noodles have posted a better volume growth on account of a lower base due on account of ban last year.

Going forward, the volume growth from categories other than Maggi will be the key things to watch out for as the company increases its efforts to reduce its dependence on the noodle brand. The stock is trading up by 0.4%.

An announcement you miss at your own peril

Long term investing is fine but make no mistake, even the best of companies need a favorable economic environment to work their magic.

Which is why it is very important for government to do its job in terms of moderating inflation, push through reforms and provide sufficient job opportunities

However, is the Indian Government up to it? Well, we have an important announcement to make in this regard.

Vivek Kaul, who you all know as the editor of The Vivek Kaul Dairy, has spotted a trend which he thinks has the potential to derail India's long-term growth story.

And in the process, impact YOU. Significantly.

Now, Vivek has been working on these developments, along with Bill Bonner, for some time now...and he is finally ready to share them with you.

In fact, as you read this, Vivek has just come out with a full note that details all...including how this trend could impact you.

Click here to know more.

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