Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

Indian Indices Open Flat
Fri, 12 Feb 09:30 am

Major Asian stock markets have opened the day on a dismal note with stock markets in Japan and South Korea trading lower by 4.4% and 1.7% respectively. Major indices in Europe and US ended their previous session deep in red with benchmark indices in France and US falling as much as 4.2% and 1.6% respectively. The rupee is trading at 68.01 per US$.

Indian stock markets have opened the day on a flattish note after yesterday's sharp plunge. The benchmark indices slumped more than 3% yesterday. The BSE Sensex is trading lower by 23 points (down 0.1%) and NSE Nifty is trading higher by 13 points (up 0.2%). Both, BSE Mid Cap and BSE Small Cap are trading lower by 1.2% and 1% respectively. Sectoral indices have opened the day on a mixed note with stocks from oil & gas and capital goods sectors witnessing maximum selling pressure. However, stocks from telecommunication and information technology space are witnessing buying interest.

State Bank of India (SBI) reported its results for the quarter ended December 2015. The company's net profit dipped by 62% to Rs 11.1 billion on the back of higher provisions. The fresh slippages tripled to Rs 206.9 billion as compared to the preceding quarter. This pushed up the gross non-performing assets (NPA) to 5.1% from 4.1% at the end of September quarter.

The bad loans increased on the recent directives of the RBI to recognize visible stressed assets as NPAs and to set aside money to cover the risk of the default. Reportedly, bank has set aside a sum of Rs 76.4 billion to manage these bad loans during the quarter. The management hinted that there will be more pain to come in the coming quarters on the asset quality front.

Further, bank's total advances grew by 12.9% YoY led by a growth in corporate loan book. Net interest income (NII), difference between interest spent on deposits and that earned on loans, declined by 1.24% to Rs 136 billion. The net interest margins too fell to 2.93% from 3.01% in the preceding quarter.

The stock is trading down by 2%.

Hero MotoCorp too reported its results for the quarter ended December 2015. The company's net sales grew 7% YoY to Rs 72.9 billion on the back of festive demand. The company's two wheeler sales in volume as well as value terms grew by 2.5% and 6.7% respectively as compared to a year ago. Reportedly, average vehicle revenue grew by 4% because of a better product mix. However, demand for two-wheelers remained sluggish on account of deficit monsoon in the preceding two years which have impacted the rural wages and their discretionary spending.

Inspite of lukewarm growth, company's net profits grew by 36.5% YoY to Rs 7.9 billion on the back of lower raw material costs. The cost reduction programmes introduced three year back also reduced the overall expenditure. This led to operating margins expanding by 3.5% to 15.6%. Further, decline in the raw material cost coupled with a better product mix led to operating profits growing by 38.6% during the quarter.

A pick up in the rural discretionary spending will be the key things to watch out for going forward. The stock is trading up by 1%.

After yesterday's sharp plunge we believe global markets are likely to remain under pressure going forward. None of the concerns of global investors are likely to go away anytime soon. Indian markets too may continue to experience the fallout of this turmoil. However, long term investors need not be concerned. Times like these could offer good opportunities to enter good quality stocks at reasonable valuations.

In order to remain relatively immune from the market crash, we have found "5 Warning Signals" or "5 Red Flags" that show up in a business right before its stock price plummets.

In fact, ensuring that you're not investing in businesses which show these "5 Warning Signals" could potentially be the difference between creating wealth and incurring losses with your stock market investments.

Full details of these 5 Warning Signals, and how you can read them well ahead of other ordinary investors are given in our special report titled - The "Crash Score" Report. Click here to grab your copy today.

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 Indices Open Flat". Click here!


Views on News

The Best Stocks in a Volatile Market podcast (Views On News)

Mar 5, 2021

Rahul Shah on the qualities that make for a good investment in an up and down market.

A New Super Cycle in Metals? (Fast Profits Daily)

Mar 5, 2021

In this video, I'll tell you if there is huge money to be made in metals or if there is more to the super cycle story.

Mirae Asset Corporate Bond Fund: Aiming for Growth with Focus on Quality and Liquidity (Outside View)

Mar 5, 2021

PersonalFN analyses the features of Mirae Asset Corporate Bond Fund and explains the potential this fund has to offer to its investors.

Charge Your Portfolio with this Smallcap Proxy Play on India's EV Revolution (Profit Hunter)

Mar 5, 2021

This could be the biggest wealth creator of the decade.

Inflation & Your Investments (Fast Profits Daily)

Mar 4, 2021

Inflation is the buzz word in the world of finance these days. It impacts all of us. Here's how it affects your investments.

More Views on 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.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot 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


Mar 5, 2021 (Close)