Indian Markets Open Flat

Wed, 2 Dec 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Major Asian stock markets have opened the day on a mixed note, with stock markets in Singapore (up 0.8%) and China (up 0.4%) being the top gainers. Major stock indices in Europe ended their previous session in red. However, benchmark indices in US ended higher by 0.9%. The rupee is trading at 66.51 per US dollar.

Indian stock markets have opened the day on a flattish note. BSE-Sensex is trading higher by 20 points (up 0.08%) and NSE-Nifty is trading higher by 3 points (up 0.04%). Both S&P BSE Midcap and S&P BSE Smallcap have moved upwards and are trading higher by 0.2% and 0.3% respectively. Major sectoral indices have opened the day on a mixed note. Stocks from metal and pharmaceutical sector are the top gainers in the pack. However, stock in telecommunication and automobile sector are witnessing selling pressures.

As reported in a leading financial daily, auto makers have reported better growth in terms of sales figures in the month of November. However, pace of the growth slowed down as compared to the month of October.

Maruti Suzuki India Ltd reported a growth of 10.6% YoY in sales volumes of its passenger vehicles in the month of November. However, sales volumes of its models such as Wagon R and Alto reported a decline of 4% for the month.

Further, market leader in Utility Vehicle (UV), Mahindra & Mahindra reported a growth of 36% YoY in the sales of its passenger vehicles in the month of November. The launch of the new model named 'TUV 300' coupled with low interest rates on car loans helped the company to achieve such robust numbers.

Siemens Ltd has recently reported its results for the quarter ended September 2015. The total income of the company reported a growth of 3.4% YoY to Rs 32.9 bn. However, net profit of the company reported a fall of 49.8% YoY to Rs 2.19 bn.

Further, company stated that the numbers are not comparable with those of previous year. The reason behind the same is the transfer of its metals technology business in November 2014. The metals technologies unit was making losses due to a general economic slump in the steel industry.

The Chief Executive Officer (CEO) of the company also mentioned that the company expects better demand from government and private sector going forward.

Siemens Ltd, is quite well known MNC name. However since some time, the company is facing several challenges. The company went through huge cost runs and thus had been writing off since some time. This along with restructuring of various units had hit their performances. Despite, negative growth and falling margins the valuations of Siemens Ltd have remained overstretched historically. In one of our 'The 5 Minute WrapUp Premium', we have discussed about the MNC companies valuations at the current juncture. Read on this article (subscription required) to know whether the current valuations for these MNC's are justified?

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