Indian Markets Inch Upwards

Mon, 21 Dec 11:30 am

   Previous Close   

   Pre-Open   

   09:30 am   

   01:30 pm   

   Closing   

After opening the day flat, the Indian Markets inched upwards and are presently trading in the green. Barring pharma stocks, sectoral indices are trading on a positive note with metal, and banking stocks leading the gains.

The BSE-Sensex is trading up 120 points (up 0.5%) and the NSE-Nifty is trading up 40 points (up 0.5%). Both the BSE Mid Cap index and the BSE Small Cap indices are trading up by 0.6%. The rupee is trading at 66.31 to the US$.

Banking stocks are trading on a positive note with ICICI Bank and Karur Vysya Bank leading the gainers. As per an article in Economic Times, depositors have pulled out a net Rs 400 billion from banks since the Reserve Bank of India (RBI) lowered its policy rates by 0.5% in October. According to RBI data, term deposits mobilized by the commercial banks dipped by Rs 414 billion between October 2 and November 27. This was as against Rs 396 billion additions to term deposits that were seen in the same period a year ago.

Most of the above activity is seen as depositors have parked their funds in alternate investment avenues. Off late, falling interest rates have prompted a shift from traditional bank term deposits to tax-free bonds and select mutual funds debt schemes. The same can be seen with the rise in bond issuances by various companies in recent times. During the past two months, NTPC, Power Finance Corporation, Rural Electrification Corporation, Indian Railways Finance Corporation and National Highway Authorities of India have together sold bonds worth more than Rs 160 billion. These securities offer tax-free interest rates that are higher than bank fixed deposits now.

In 2015, the RBI has slashed the benchmark rate by 1.25%. However, banks have so far passed only 0.6% to customers, thereby leaving space for sharp rate cuts. An article in The Daily Reckoning has explained this in a detailed manner. You can read it here.

Meanwhile, Tata Motors has entered the top-50 league of the world's biggest companies in terms of their R&D (research and development) investments. The company has moved up from 104th position last year to 49th at present. Moreover, it has also shown the largest increase in R&D investments on the list. Most of this R&D expansion for the company was seen at its UK subsidiary Jaguar Land Rover.

In the expanded list of the world's 2,500 top R&D firms, there are a total of only 26 Indian companies. This is as against 829 companies from the US, 608 companies from the EU countries, 360 from Japan, 301 from China, 114 from Taiwan, 80 from Switzerland and 27 each from Canada and Israel. India, on the whole, is placed at 15th position in terms of the number of companies on the list.

To note, among many other Indian companies on the list, Dr Reddy's Laboratories is ranked 404th, Mahindra & Mahindra is at 451st, Lupin at 624th, Sun Pharma at 669th, Cipla at 831st and Infosys at 884th.

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