X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 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?  

Sensex Ends 336 Points Lower; Power and FMCG Stocks Witness Selling
Wed, 23 Jan Closing | Monish Vora, TM Team

Share markets in India witnessed selling pressure during closing hours and ended their trading session on a negative note. Sectoral indices ended on a negative note with stocks in the power sector and FMCG sector witnessing most of the selling pressure.

At the closing bell, the BSE Sensex stood lower by 336 points (down 0.9%) and the NSE Nifty closed down by 91 points (down 0.8%). The BSE Mid Cap index ended the day down 0.3%, while the BSE Small Cap index ended the day down by 0.2%.

The rupee was trading at 71.32 against the US$.

Asian stock markets finished on a mixed note. As of the most recent closing prices, the Hang Seng was up by 0.01% and the Shanghai Composite was up by 0.1%. The Nikkei 225 was down 0.1%.

Speaking of Indian share markets, as can be seen in the chart below, there has been a steady rise in direct participation by Indians in stock markets.

Direct Participation in Stock Markets is Growing Steadily

This increased participation has resulted in not just money flowing into mutual funds, but also in the opening of demat accounts.

--- Advertisement ---
Our Most Important Research Ever. Yours FREE… (But You Must Decide Now)

Rebirth of India We at Equitymaster have just published this report…

Rebirth of India: The First Step to the Biggest Investment Opportunity of Your Lifetime

…it's perhaps the most important work we have published ever.

If you have not downloaded it yet…We urge you to do it right now.

We believe it has the incredible potential to dramatically change your life…forever.

Here's an additional benefit…

As soon as you download it, We will also automatically block a FREE seat for you at the Rebirth of India MEGA SUMMIT.

At the Summit, Senior Analyst and Co-head of Research, Tanushree Banerjee will reveal full details about Rebirth of India…including specific opportunities to profit from it.

Rebirth of India
Download the Report & Block Your Seat Now. It's Free.

------------------------------

In fact, the attractiveness of Indian equities and the fact that investing in demat accounts is now very easy has led to a steady rise in accounts.

What more, this trend is all set to continue, as the Indian stock markets scale new highs in the coming years.

In the news from the FMCG space, ITC share price was in focus today as the company reported 3.9% year-on-year (YoY) rise in its standalone profit at Rs 32 billion for the December quarter. The company had reported Rs 30 billion profit in December quarter of the previous fiscal.

Net sales for the quarter came in at Rs 114 billion against Rs 99 billion in the corresponding quarter last year.

Other income for the quarter rose to Rs 8.3 billion from Rs 6.4 billion in the year-ago quarter.

Market participants were closely tracking the stock of the company on the back of above development.

From the banking sector, Bank of Maharashtra share price was also in focus today as the lender reported a loss of Rs 37.6 billion for December quarter. The loss was led by Rs 44.2 billion provisions and contingencies it made during the quarter.

The loss was six times higher than Rs 5.9 billion loss the lender had reported in the year-ago quarter.

You can also read our analysis of some recently released Q3FY19 results: Zee Entertainment's latest result analysis, Federal Bank, Infosys, TCS, Trident, HDFC bank, NIIT Technologies, Cyient.

In the news from global financial markets, the Bank of Japan cut its inflation forecasts today and warned of rising risks to the economy from faltering global demand.

As expected, the central bank retained its ultra-easy monetary settings at its policy review.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

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 "Sensex Ends 336 Points Lower; Power and FMCG Stocks Witness Selling". Click here!

  

Stock Market Updates

Sensex Ends Marginally Higher; Automobile and Power Stocks Witness Buying (Today's Market)

Aug 16, 2019 Closing

The BSE Sensex ended the day up by 39 points, while the NSE Nifty closed up by 18 points.

PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Up 0.4% (Today's Market)

Aug 16, 2019 03:34 PM

PIDILITE INDUSTRIES share price has hit an all time high at Rs 1,373 (up 1.7%). The BSE FMCG Index is up by 0.4%. Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 1.7%) and P&G HYGIENE (up 0.2%). The top losers include AVANTI FEEDS (down 0.1%) and COLGATE (down 0.1%).

APL APOLLO TUBES Surges by 6%; BSE CAPITAL GOODS Index Down 0.1% (Today's Market)

Aug 16, 2019 03:32 PM

APL APOLLO TUBES share price has surged by 6% and its current market price is Rs 1,350. The BSE CAPITAL GOODS is down by 0.1%. The top gainers in the BSE CAPITAL GOODS Index are APL APOLLO TUBES (up 6.4%) and SUZLON ENERGY (up 6.7%). The top losers are LAKSHMI MACHINE (down 0.2%) and HONEYWELL AUTOMATION (down 0.4%).

CANARA BANK Surges by 5%; BSE BANKEX Index Up 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

CANARA BANK share price has surged by 5% and its current market price is Rs 237. The BSE BANKEX is up by 0.8%. The top gainers in the BSE BANKEX Index is CANARA BANK (up 5.2%). The top losers is HDFC BANK (down 0.2%).

ECLERX SERVICES Plunges by 5%; BSE IT Index Down 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

ECLERX SERVICES share price has plunged by 5% and its current market price is Rs 519. The BSE IT is down by 0.8%. The top gainers in the BSE IT Index are FIRSTSOURCE SOL. (up 3.5%) and ORACLE FINANCIAL (up 3.2%). The top losers is ECLERX SERVICES (down 5.5%).

DR. LAL PATHLABS LTD Surges by 7%; BSE HEALTHCARE Index Down 0.3% (Today's Market)

Aug 16, 2019 03:22 PM

DR. LAL PATHLABS LTD share price has surged by 7% and its current market price is Rs 1,201. The BSE HEALTHCARE is down by 0.3%. The top gainers in the BSE HEALTHCARE Index are DR. LAL PATHLABS LTD (up 7.1%) and APOLLO HOSPITALS (up 8.1%). The top losers are STRIDES PHARMA SCIENCE (down 0.1%) and SANOFI INDIA (down 0.2%).

View More Indian Share Market News

Most Popular

7 Stocks to Buy in Today's Difficult Market(The 5 Minute Wrapup)

Aug 5, 2019

Credit growth is likely to accelerate in India in the next decade. Here's how you can benefit from this megatrend.

The Perfect Stock in the Rebirth of India(The 5 Minute Wrapup)

Aug 8, 2019

This debt-free, well-managed company is all set to soar.

My Top 3 Dividend Millionaire Stocks(Profit Hunter)

Aug 7, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

This 60-Year Old Smallcap Company Could Be Our Next Recommendation(The 5 Minute Wrapup)

Aug 12, 2019

My experience at the recent AGM of this smallcap company which has financials of any FMCG major.

Qatar is Rearing Cows...this is Good News for India

Aug 9, 2019

Qatar has turned around after the Saudi embargo. This is good news for India.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 16, 2019 (Close)

MARKET STATS