Power Stocks Tumble

Wed, 3 Feb Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

Indian equity markets witnessed selling pressure throughout today's trading session. Stocks finished lower for a third consecutive session amid weak global cues. While the BSE Sensex closed lower by 316 points, the NSE Nifty closed lower by 94 points. Both the S&P BSE Midcap (down 1.3%) and the S&P BSE Small cap (down 2.3%) indices also followed this trend and closed well below the dotted line. All the sectoral indices finished in the red with power and capital goods stocks faring the worst.

Shares in Japan led most markets across Asia sharply lower Wednesday, amid ongoing volatility in the oil market and concerns that global growth is slowing. The Nikkei 225 is down 3.15% while Hong Kong's Hang Seng is off 2.34% and China's Shanghai Composite is lower by 0.38%. European shares fell in early trade on Wednesday with shares in Germany off the most. The rupee was trading at 68.18 against the US$ in the afternoon session.

Shares of Crompton Greaves slumped more than 20% in trading today after it reported Rs 1.07 billion loss for the third quarter. The stock logged its biggest intraday drop since the company started trading in 1994 and hit their lowest level since February 20, 2014.

On a consolidated basis, Crompton Greaves posted a net loss of Rs 1.07 billion in the quarter ended December as compared to a net profit of Rs 2.74 billion in the year-ago period. Income fell to Rs 20.87 billion from Rs 24.36 billion year-on-year. Also, the company's consolidated net debt came down to Rs 9 billion as of December 31, 2015 from Rs 19 billion as of March 31, 2015.

exports to its neighboring countries, including China, have seen a massive fall in August 2015. Over the last eight years, the has seen numbers ranging from an output growth of 48% YoY in one year, to a contraction of 6% YoY in another. In our recent edition of The 5 Minute WrapUp Premium, we explain what factors to take into consideration when picking an engineering company stock (Subscription Required).

Automobile stocks languished in red with Tata Motors and Force Motors bearing majority of the brunt. According to a report in The Economic Times, Ashok Leyland plans to set up two assembly plants in Africa besides doubling capacity at Ras al-Khaimah facility in the UAE this year as part of its global expansion. The company will invest around Rs 1 billion in these facilities. The company also unveiled a school bus and a commercial vehicle at the Noida Auto Expo.

The company has increased the output to 12 units a day as compared to 4 units and expects to double that number by the end of 2016. The company also recently posted 36 per cent growth in total sales at 110,349 units in the April 2015 to January 2016 period, as against 81,386 units in the year-ago period. However, the light commercial vehicles segment continues to be a concern as the recovery has taken longer in the segment.

2015 has been a year of mixed fortunes for the Indian automobile industry. After a long period of slowdown, automobile companies were showing some signs of recovery during the festive season, supported by new launches and a double digit growth in the Utility Vehicle (UV) segment . However, the trend came to an unexpected standstill in the previous month as the Supreme Court banned the registration of diesel cars (Subscription Required) with an engine capacity of over 2000 cubic centimeters (cc) from January to March 2016. Post the ruling, the stock prices of automakers with a substantial share of luxury and diesel vehicles in their product portfolio have taken a hit.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers