Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian Markets Trade in the Red
Tue, 12 Jan 11:30 am

After opening flat, the Indian indices booked some losses and went on to trade in the red. Sectoral indices are trading on a mixed note with stocks from the IT, banking and telecom sector witnessing maximum selling pressure.

The BSE Sensex is trading down 110 points (down 0.4%) and the NSE Nifty is trading down 37 points (down 0.5%). The BSE Mid Cap index is trading down by 0.2% and the BSE Small Cap index is trading up 0.1%. The rupee is trading at 66.88 to the US$.

Stocks in the automobile space are trading mixed with TVS Motors and Force Motors leading the gains. As per a leading financial daily, Tata Motors has reported 7% increase in its global sales during the month of December 2015 on a year on year (YoY) basis. During the month, sales came in at 91,762 units and include sales from Jaguar Land Rover.

In the passenger vehicles category, global sales stood at 59,287 units in December as against 55,145 units in the corresponding period a year ago. Sales of the company's luxury brand Jaguar Land Rover rose 18.6% YoY to 50,972 units during the concerned period. The company's sales of commercial vehicles in December were recorded up by 6% on a YoY basis at 32,475 units.

Tata Motors is India's leading automobile company. The company has operations in the UK, South Korea, Thailand, South Africa and Indonesia. While net sales of the company during the second quarter grew 1% YoY, there was seen a net loss of Rs 4.4 billion. Most of this brunt came in due to a port explosion at Tianjin which destroyed around 5,800 vehicles stored there. However, the future prospects of the company seem bright with new product launches among other things. As Radhika Pandit, Managing Editor, ValuePro states in the result analysis report for the company (subscription required), "Near term pressures persist in the form of pressure on margins on account of launch costs of new products and the mixed economic conditions in China. However, from a longer term perspective, the company intends to pursue its growth strategy and investing more in new products, power trains and technologies." Presently the stock of Tata Motors is trading down by 1.2% on the BSE.

Banking stocks are trading in the red with Axis Bank and Yes Bank bearing most of the brunt. As per an article in Economic Times, IDFC Bank has bought a 10% stake in ASA International (ASAI) India Microfinance for about Rs 85 million. This is recorded as the first investment by a lender in a microfinance institution.

Through this, IDFC Bank will get a board seat in ASAI India and access to unbanked areas through its branches in the east and northeast. Furthermore, ASAI India will also give the bank access to its customers and in turn aid IDFC in expanding its lending operations.

One must note that ASAI India has 104 branches covering 22 districts in West Bengal, Assam, Tripura, Bihar and Uttar Pradesh. It had over 1.3 lakh borrowers at the end of December and a total loan portfolio of over Rs 600 million.

IDFC, the newly launched private sector bank, started its operations on October 1, 2015 with shareholders' funds of Rs 133 billion. Regarding its expansion plans, the management of the company stated that the bank intends to grow inorganically and will continue to look at further investments.

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

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian Markets Trade in the Red". Click here!


Views on News

ITI Mid-Cap Fund: Investing in Potential Midcap Companies for Growth (Outside View)

Feb 26, 2021

PersonalFN analyses the features of ITI Mid-Cap Fund and explains the potential this fund has to offer to its investors.

NSE Glitch: Why Did the Market Go Up? (Fast Profits Daily)

Feb 26, 2021

In today's video, I'll discuss why thew stock market went up on Wednesday, 24 February 2021, when the NSE had to shut trading due to a technical glitch.

My Personal Checklist for Your Trading Success (Profit Hunter)

Feb 26, 2021

You my personal trading checklist and you will be well on your way to making it big as a trader.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

Refresh Your Investment Portfolio in 2021 to Align with Your Financial Goals (Outside View)

Feb 25, 2021

Timely review of your investment portfolio is the key, to enable stable returns and work towards your envisioned financial goals during various market phases.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living (Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


Feb 26, 2021 (Close)