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 markets back in red
Thu, 7 Feb 01:30 pm

On the back of poor GDP growth forecast by Central Statistical Organisation (CSO) at 5% for FY13, Indian stock markets shed gains in the last two hours of trade. Heavy selling is being witnessed across all the sectors with consumer durables and metal stocks being the biggest losers.

BSE-Sensex is down by 72 points and NSE-Nifty is trading down by 23 points. While BSE Mid Cap is trading down by 0.9%, BSE Small Cap index is trading down by 1.0%. The rupee is trading at 53.29 to the US dollar.

Most of the mining stocks are trading in the red with Sesa Goa and Guj. Nre Coke being among the top losers. Manganse Ore India Limited (MOIL Limited) declared its results for the quarter ended December 2013. The company has reported a 4.7% YoY decline in net sales. The decline on the topline was largely due to poor performance in its manufacturing and power segments. The company did total production of 285,100 MT and total sales were 285,500 MT during the quarter. The operating profits improved by 4.9% YoY on back of better realization from its mining segment. Further, the power segment witnessed loss at the EBIT level. At the bottom line level, net profits increased by 11.9% YoY, while net profit margin increased by 8% YoY. The company declared an interim dividend of Rs 2 per share for the financial year 2012-13. The stock is trading down by 1.23%.

Majority of the FMCG stocks are trading in the green with Paper Products and Bata India leading in gains. Procter & Gamble Hygiene & Healthcare (PGHH) has declared its results for the quarter ended December 2012. The company recorded a 33% increase in topline led by over 45% growth in the feminine care segment and 19% rise in the personal health care segment. Cost savings from rationalization in raw material expenses and wages was more than offset by a steep 63% jump in other expenses for the quarter. Other expenses were unreasonably high on account of escalation in distribution expense, unrealized foreign exchange loss and contract termination charge of Rs 70 m. As a result the operating margin of PGHH eroded by 3.3% to 14%. Earnings grew by a muted 5.5% on a 6.8% rise in operating income. Tax incidence rose to 26% from 24% in the year-ago quarter. PGHH stock is currently down 0.8%.

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian markets back in red". Click here!

  

Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark (Today's Market)

Feb 26, 2021 02:30 pm

The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Feb 26, 2021 (Close)

MARKET STATS