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Mid and Small caps outperform
Mon, 2 Dec 11:30 am

After opening positively, the Indian Indices are trading well above the dotted line in the morning session. All sectoral indices except Oil and Gas are in the green. The buying interest is highest in Capital Goods and Banking stocks.

The BSE Sensex is up 125 points and the NSE-Nifty is trading up 43 points. The BSE Mid Cap index is trading up 1% and the BSE Small Cap index is trading up 0.9%. The Rupee is trading at 62.21 to the US Dollar.

Most Software stocks are trading higher today. HCL Tech and Tata Consultancy Services (TCS) are among the stocks leading the gainers. India's largest software Company, Tata Consultancy Services has announced that it has been selected by the Inter-connected stock exchange of India (ISE) for a major contract. Under the contract TCS will deploy its propriety financial services Software BaNCS, to develop an integrated trading, clearing and surveillance platform for the ISE. The exchange is currently in the process of reviving its operations in the equity (cash and derivatives) segment. TCS will be required to create a platform that would allow ISE to differentiate itself from other exchanges. It would provide investors with a single multi-exchange, multi-asset class trading platform. The BaNCS platform was finalized by ISE after a rigorous selection process. The financial details of the contract were not disclosed by the company. Tata Consultancy Services is trading up 0.7 % today.

Telecom stocks are trading positive today. Tata Teleservices and Mahanagar Telephone Nigam Ltd (MTNL) are leading the gainers. India's largest telecom service provider, Bharti Airtel has announced that it will expand its e-commerce platform 'Shopify' to its small and medium enterprise (SME) customers. Shopify is an e-commerce platform which enables small and medium enterprises to expand their footprint on the internet. It enables users to create a customised website with several functions like search engine optimization, shopping cart, data analytics and inventory management. It will allow SMEs to connect with their customers via social media and will also offer m-commerce facility. At present, only a small number of SMEs have expanded their services on the internet in a big way and Bharti foresees a huge opportunity in this space. Shopify will be offered to SMEs on a cloud-enabled platform. Bharti is trading up 1% today.

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