Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Markets fall towards end of trade 
(Mon, 16 Feb Closing) 
After spending most of the day in the green, the Indian equity markets closed flat. While the BSE Sensex today closed higher by 41 points, the NSE-Nifty closed higher by 4 points. The BSE Mid Cap and BSE Small Cap indices closed flat today. FMCG stocks were the biggest gainers while Banking stocks were the biggest losers today.

Most Asian stocks closed higher today. European stock markets were trading mixed at the time of writing. The rupee was trading at Rs 62.21 to the dollar.

As per a leading financial daily, there could be a further delay in the telecom spectrum auctions scheduled for the first week of March 2015. Three leading telcos, Bharti Airtel, Idea Cellular and Reliance Communications have separately moved the courts over various proposed guidelines of the auctions. Idea Cellular has alleged the auction rules will affect availability of spectrum. Bharti Airtel has alleged that the rules make it ineligible from participating in certain key circles. Reliance Communication has alleged that the government should increase the amount of spectrum in the 1,800 MHz band. This could potentially lead to a face off among telcos and the government before the auctions.

IT stocks ended mixed today. While Tata Consultancy Services (TCS) was among the biggest gainers; Infosys was among the biggest losers. India's second largest IT firm Infosys, has announced an acquisition in the US. The company has acquired Panaya Inc, a company that provides automation technologies to large enterprises. The size of the acquisition is about US$ 200 m and it will be an all cash deal. This is the first acquisition under new CEO Dr. Vishal Sikka and the second biggest in the company's history. The stock closed down 0.7% today.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Markets fall towards end of trade". Click here!


Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Jul 24, 2017 (Close)