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

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

  • MyStocks

MEMBER'S LOGINX

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

Indian markets continue in the red
Mon, 16 Jan 01:30 pm

Indian stock market indices continue to trade below the dotted line. Oil and gas and banking stocks witnessed maximum selling pressure while IT and FMCG stocks witnessed maximum buying interest.

The BSE-Sensex is down by 32 points, while the NSE-Nifty is down 21 points. BSE Mid cap index is down by 0.48% and the BSE Small Cap index is up by 0.06% respectively. The rupee is trading at 51.50 to the US dollar.

All Public sector banking stocks have been trading in the red led by Vijaya Bank and United Bank of India. As per a leading financial daily, State Bank Of India (SBI) has slashed its home loan processing fees in order to increase its market share. The new fees structure will be followed from January 11, 2012. For loans above Rs 75 lakh, the bank will charge just Rs 10,000 versus Rs 20,000 charged earlier. For loans between Rs 30 lakh to 75 lakh, the fee has been cut to Rs 6,500 from Rs 10,000 earlier. However, for loans below Rs 30 lakh, the fees will be unchanged. It is likely that the other banks will follow SBI's step.

The bank has recently taken some major decisions regarding its operations. It has decided to increase rate on car loans by 50 basis points. The new rate will be in line with the industry standards. Besides, it plans to grow its microfinance portfolio by 50% in the fourth quarter. The bank aims to increase its sectoral exposure to Rs 13 bn -Rs 14 bn from Rs 9 bn by the end of the current fiscal year.

Telecom stocks have been trading mixed with Bharti Airtel and Idea Cellular leading the gainers and Reliance Communications leading the pack of losers.

As per a leading financial daily, Bharti Airtel has collected and outsourced the complete advertising inventory in the country to Mogae Media. The deal is first of its kind in Indian telecom industry. The company has outsourced all of its advertising, inventory management and mobile commerce initiatives. This means that Mogae Media will sell all possible advertising space on Mobile, DTH and broadband services of Airtel and run its end to end mobile commerce initiative. This will include giving special offers, discounts, and freebies to subscribers and negotiating deals with companies. The management has refused to share the financial details of the deal. As per the industry sources, the deal will work on a revenue-sharing model.

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 continue in the red". Click here!

  

Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

View More Indian Share Market 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.

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.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

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

S&P BSE SENSEX


Mar 4, 2021 (Close)

MARKET STATS