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


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

Indian markets open in the red
Fri, 30 Jan 09:30 am

The major Asian stock markets have opened the day on mixed note with stock markets in China (down 1.2%) and Taiwan down 0.2%), leading the losses. However, stock markets in Japan (up 0.8%) and Singapore (up 0.2%) have opened on a positive note. The Indian markets have opened on a weak note. Among the sectoral indices, stocks from metal and oil and gas are witnessing maximum selling pressures.

BSE-Sensex is currently trading lower by about 25 points (down 0.08%), while the NSE-Nifty is lower by about 4 points (down 0.04%). However, both Midcap and small caps have opened firm. The BSE Mid Cap and BSE Small Cap are up by 0.55 % and 0.42% respectively. The rupee was trading at Rs 61.49 to the dollar.

Majority of the Indian Pharma stocks have opened in the green with Elder pharma and Wockhardt being the leading gainers in the pack. Dr Reddy's Laboratories has reported results for the quarter ending December 2014. The topline grew by 9% YoY during the quarter, led by growth in the Pharmaceuticals Services and Active Ingredients (PSAI) segment. In the global generics segment, growth was moderate. Due to ongoing issues in Russia, the revenues from Russia also declined. On the back of this poor operating performance and sharp surge in interest expenses, the bottom line declined by 7% YoY.

Automobile stocks have opened the day on a firm note led by Ashok Leyland and Maruti Suzuki. As per a leading financial daily, India's largest automobile company by revenues - Tata Motors, is planning to raise its capex by Rs 100 bn. The company is targeting to make a strong comeback in the domestic market. The average annual capex incurred in last three years is around Rs 250-300 bn.To expand its operations, the company is also coming up with the rights issue and is looking forward to raise Rs 75 bn from this issue.

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 markets open in the red". 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


Mar 19, 2018 (Close)