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

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 Indices Trade Flat; Realty Sector Down 2.1%
Tue, 16 Jan 11:30 am | Monish Vora, TM Team

Stock markets in India are presently trading on a flattish note. Sectoral indices are trading on a mixed note with stocks in the realty sector and metal sector witnessing maximum selling pressure. Telecom stocks are witnessing buying interest.

The BSE Sensex is trading up 12 points (up 0.04%) and the NSE Nifty is trading down 6 points (down 0.1%). The BSE Mid Cap index is trading down by 0.9%, while the BSE Small Cap index is trading down by 1.3%. The rupee is trading at 63.74 to the US dollar.

In the news from the telecom sector, as per an article in the Economic Times, a report by CIEL HR Services has stated that the telecom sector will continue to witness decline in headcounts for the next six to nine months. This will take the job losses in the sector from 80,000 to 90,000 during the same period.

The telecom sector, which has been witnessing low profitability and lower margins due to rising competition, has witnessed large lay-offs and has thus made the job scenario uncertain. As per the news, the report is based on a survey among around 100 senior and mid-level employees of 65 telecom companies and software and hardware service providers to telecom companies.

Note that the whole telecom business has been an underwhelming story so far. Telecom companies are straddled with high debt, intense competition, and lack of pricing power. High spectrum costs and regulatory issues have hampered the sector. While consumers have benefited from low costs and new players fighting for their share, investors have suffered.

Just Released: Multibagger Stocks Guide
(2018 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Further, with the entry of Reliance Jio, the competition has intensified further. Reliance Jio's low cost offerings and strategy of capturing market share will further dent the sector. The sector has been a classic 'valuet trap'.

While it always looks cheap compared to other sectors, the sector has also failed to provide any reasonable returns. The BSE Sensex has gone up 3.25 times in nine years, but the BSE Telecom Index has not moved an inch from its levels of 2008. This is evident from the chart below:

Telecom Sector: A Decade of Underperformance

The job losses will further make the situation worse in the near future. For an investor, it's important to differentiate between 'value' and 'value traps'.

As far as job losses are concerned, the above job losses are just a blip in the entire unemployment picture for India. Unless the government takes adequate steps in skilling the youth on a war footing, the demographic dividend can soon turn into a demographic disaster for India.

In the news from commodity space, India's gold imports rose by 71.52% to US$ 3.39 billion in December. This was seen on the back weak global prices and higher domestic demand.

Further, according to the date released by commerce ministry on Monday, silver imports also rose by 106% to US$ 197.26 million last month as against US$ 95.84 million in December 2016.

To keep a tab on the movements in gold and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency, and commodity markets.

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 Indices Trade Flat; Realty Sector Down 2.1%". Click here!

  

Stock Market Updates

GE POWER INDIA LTD Surges by 5%; BSE CAPITAL GOODS Index Up 1.1% (Today's Market)

Oct 16, 2018 03:34 PM

GE POWER INDIA LTD share price has surged by 5% and its current market price is Rs 824. The BSE CAPITAL GOODS is up by 1.1%. The top gainers in the BSE CAPITAL GOODS Index are GE POWER INDIA LTD (up 5.0%) and FINOLEX CABLES (up 9.9%). The top losers are SCHAEFFLER INDIA LTD (down 0.1%) and CG POWER & INDUSTRIAL SOLUTIONS LTD (down 0.1%).

INDIABULLS HOU. FIN. Plunges by 5%; BSE 500 Index Up 0.9% (Today's Market)

Oct 16, 2018 03:34 PM

INDIABULLS HOU. FIN. share price has plunged by 5% and its current market price is Rs 977. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 16.8%) and FINOLEX CABLES (up 9.9%). The top losers are INDIABULLS HOU. FIN. (down 5.0%) and TATA COMM. (down 5.6%).

FINOLEX CABLES Surges by 10%; BSE CAPITAL GOODS Index Up 1.3% (Today's Market)

Oct 16, 2018 03:22 PM

FINOLEX CABLES share price has surged by 10% and its current market price is Rs 532. The BSE CAPITAL GOODS is up by 1.3%. The top gainers in the BSE CAPITAL GOODS Index is FINOLEX CABLES (up 10.3%). The top losers are CG POWER & INDUSTRIAL SOLUTIONS LTD (down 0.2%) and CARBORUNDUM UNIVERSAL (down 0.7%).

TATA ELXSI Surges by 5%; BSE IT Index Up 0.5% (Today's Market)

Oct 16, 2018 02:54 PM

TATA ELXSI share price has surged by 5% and its current market price is Rs 1,040. The BSE IT is up by 0.5%. The top gainers in the BSE IT Index is TATA ELXSI (up 5.2%). The top losers are INFOSYS LTD and HCL TECH.

CENTURY PLYBOARDS Surges by 12%; BSE 500 Index Up 0.9% (Today's Market)

Oct 16, 2018 02:46 PM

CENTURY PLYBOARDS share price has surged by 12% and its current market price is Rs 201. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are CENTURY PLYBOARDS (up 12.0%) and HEG LTD (up 10.5%). The top losers are COROMANDEL INTERN. and JSW STEEL .

Indian Indices Trade Strong; Capital Goods Stocks Lead Gains (Today's Market)

Oct 16, 2018 12:30 pm

The BSE Sensex is trading up by 198 points, while the NSE is trading up by 50 points.

View More Indian Share Market News

Most Popular

Don't Panic in This Falling Market... Do This Instead(The 5 Minute Wrapup)

Oct 5, 2018

Find companies with long term durable moats, which are correcting with the current broader market sell-off.

Why You Should Be Excited, Not Sad, About the 30% Small Cap Crash(Profit Hunter)

Oct 4, 2018

Smallcaps have corrected over 30% since the beginning of the year. Find out why Richa Agarwal views this as an opportunity rather than a threat.

Taxpayers to pay salaries of CEOs/CIOs of Mutual Funds(The Honest Truth)

Oct 5, 2018

Ajit Dayal on the crisis in the market and in the mutual fund industry.

Why Are Investors In Sundaram Small Cap Fund Anxious(Outside View)

Oct 3, 2018

A small cap fund that aims to capitalise on emerging businesses and catch them young. However, its failure in keeping volatility under check is making its investors anxious.

Biggest Corrections in the Stock of Infibeam Avenues(Chart Of The Day)

Oct 3, 2018

Infibeam plunged over 70% last week. This was the second biggest single-day fall. But Infibeam witnessed such sharp falls earlier.

More

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


Oct 16, 2018 (Close)

MARKET STATS