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

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 Trade Marginally Lower; Energy Stocks Witness Losses
Thu, 22 Feb 11:30 am | Monish Vora, TM Team

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the energy sector and auto sector witnessing maximum selling pressure. Stocks from the IT sector are trading in the green.

The BSE Sensex is trading down 107 points (down 0.3%) and the NSE Nifty is trading down by 40 points (down 0.4%). The BSE Mid Cap index is trading down by 0.2%, while the BSE Small Cap index is trading flat. The rupee is trading at 65.02 to the US$.

In the news from global financial markets, according to an official account of the Federal Reserve's most recent policymaking meeting, robust growth in the US economy has increased the confidence of Federal Reserve officials that the country is ready for higher interest rates.

The account said Fed officials have upgraded their economic outlooks since the beginning of the year. They have listed three main reasons for the rise in interest rates which are the strength of recent economic data, accommodative financial conditions and the expected impact of the US$ 1.5 trillion tax cut that took effect in January.

Many expect that a tightening labour market and increased government spending would further boost inflation and will force the Fed to be more aggressive in raising interest rates this year. This, in turn, would slow down the economic growth.

The Fed has forecast three rate hikes this year. The first increase expected at its next policy meeting in March.

In its latest meeting, the Fed said it expects "further gradual" rate increases. The target range for the federal funds rate currently is 1.25% to 1.50%.

Note that with the US economy chugging along for many months, the Fed is now gradually easing off the stimulus it provides to the economy by raising interest rates to more normal levels.

Federal Reserve Rate Hike in the Past 3 Years

How does a US interest rate hike affect Indian investors?

The instant effect is foreign money moving out of India's vaults. This means a slight correction in the share market in India, albeit temporarily.

While this might provide a good buying opportunity in long-term stocks, the main thing to look forward would be capex and earnings trends.

Just Released: Multibagger Stocks Guide
(2018 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

In the end, Indian investors are better off staying informed about the corporate earnings revival than Fed rate hikes.

In other news, as per a leading financial daily, the National Stock Exchange (NSE) is undertaking an index rejig which will mean new inclusions of Bajaj Finserv, Grasim Industries, and Titan Company.

The above stocks will be replaced by Ambuja Cements, Aurobindo Pharma, and Bosch.

The exchange also stated that the above replacements will also be applicable to Nifty 50 Equal Weight Index.

Apart from the above, the exchange effected changes to broader indices, too. It stated that Punjab National Bank (PNB) will move out of the NSE's Nifty Midcap 100 index from April.

On the Nifty 100, GSK Consumer Health, GSK Pharma, Glenmark Pharma, Tata Power and Torrent Pharma have been excluded and replaced by Aditya Birla Capital, General Insurance Corporation of India, Grasim Industries, L&T Finance Holdings and SBI Life.

Also, Nifty Free float Midcap 100 will be renamed as Nifty Midcap 100 effective from April 2.

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 Indices Trade Marginally Lower; Energy Stocks Witness Losses". Click here!


Stock Market Updates

RELIANCE NAVAL & ENGINEERING LTD Surges by 10%; BSE 500 Index Up 0.9% (Today's Market)

Dec 11, 2018 03:21 PM

RELIANCE NAVAL & ENGINEERING LTD share price has surged by 10% and its current market price is Rs 13. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are RELIANCE NAVAL & ENGINEERING LTD (up 10.0%) and QUESS CORP. LTD (up 10.6%). The top losers are LAKSHMI MACHINE (down 0.1%) and CONTAINER CORP (down 0.1%).

GE T&D INDIA Surges by 5%; BSE CAPITAL GOODS Index Up 0.2% (Today's Market)

Dec 11, 2018 03:09 PM

GE T&D INDIA share price has surged by 5% and its current market price is Rs 239. The BSE CAPITAL GOODS is up by 0.2%. The top gainers in the BSE CAPITAL GOODS Index is GE T&D INDIA (up 5.1%). The top losers are LAKSHMI MACHINE (down 0.2%) and SKF INDIA (down 0.3%).

KIOCL Surges by 7%; BSE METAL Index Up 0.6% (Today's Market)

Dec 11, 2018 02:53 PM

KIOCL share price has surged by 7% and its current market price is Rs 148. The BSE METAL is up by 0.6%. The top gainers in the BSE METAL Index is KIOCL (up 7.1%). The top losers are NMDC LTD (down 0.1%) and HINDALCO (down 0.1%).

INFO EDGE Surges by 5%; BSE IT Index Up 1.6% (Today's Market)

Dec 11, 2018 02:41 PM

INFO EDGE share price has surged by 5% and its current market price is Rs 1,515. The BSE IT is up by 1.6%. The top gainers in the BSE IT Index is INFO EDGE (up 5.0%).

BATA INDIA Surges by 5%; BSE FMCG Index Up 1.7% (Today's Market)

Dec 11, 2018 02:41 PM

BATA INDIA share price has surged by 5% and its current market price is Rs 1,072. The BSE FMCG is up by 1.7%. The top gainers in the BSE FMCG Index is BATA INDIA (up 5.3%). The top losers is TATA COFFEE (down 0.2%).

Indian Indices Recover; Healthcare & IT Stocks Witness Buying (Today's Market)

Dec 11, 2018 12:30 pm

The BSE Sensex is trading down by 41 points, while the NSE Nifty is trading down by 6 points.

View More Indian Share Market News

Most Popular

My Top 7 Stocks to Buy Now(The 5 Minute Wrapup)

Nov 30, 2018

Of all the stocks that you could buy in this market, I've picked the seven best safe stocks that offer the ideal combination of safety and profit.

4 Rebound Stocks to Profit from the Current Small Cap Crash(Profit Hunter)

Dec 3, 2018

Indian small cap space is offering a discount season. Make sure you do not get too late to scoop up the bargains.

Reliance CPSE ETF (FFO3): Should You Invest?(Outside View)

Nov 29, 2018

Personalfn's analysis note on Reliance Mutual Fund Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF). Should you subscribe?

Safety Beats Growth in 2018(Chart Of The Day)

Nov 30, 2018

With the markets turning up, these are my top 7 stock picks.

Looking For Higher Interest Rates on Bank FDs? Read This!(Outside View)

Dec 5, 2018

Credit disbursement to the productive sectors of the economy such as infrastructure, engineering, food processing, textiles, and chemicals, among others is rising.


Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Dec 11, 2018 (Close)