X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks

MEMBER'S LOGINX

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

Indian stock markets trade weak
Mon, 16 Jan 11:30 am

Indian stock market indices traded weak over the last two hours of trade. 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 68 points, while the NSE-Nifty is down 29 points. BSE Mid cap index is down by 0.49% and the BSE Small cap index is up by 0.23% respectively. The rupee is trading at 51.43 to the US dollar.

Auto stocks are trading weak led by Escorts and Tata Motors (Telco). According to a leading financial daily, car companies have skipped this year's price hikes that they normally go for in January every year. Automobile companies like Maruti, Hyundai and Volkswagen have been suffering from constantly falling demand. This is mainly due to rising input costs and rupee depreciation besides the high interest rates. For the automobile industry, footfalls have fallen and car sales have become very model specific. By avoiding this price hike, the car makers have given customers a chance to buy cars at last year's prices. However, the managements state that they would soon be increasing the prices of their cars.

Power stocks are trading in the red. Jaiprakash Power and GVK Power are the biggest losers while Tata Power and Torrent Power are the biggest gainers. According to a leading financial daily, National Thermal Power Corporation (NTPC) is planning to enter retail power distribution segment. NTPC through its subsidiary NTPC Electric Supply Company Limited (NESCL) is looking at various business models, including forming joint ventures with the existing distribution companies as well as getting into franchise. The company is also looking at the possibility of retail distribution of electricity to bulk industrial consumers in upcoming mega industrial areas and special economic zones (SEZ).

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

Equitymaster requests your view! Post a comment on "Indian stock markets trade weak". Click here!

  

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Feb 23, 2018 (Close)

MARKET STATS