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Sensex Ends 82 Points Lower; Energy and Healthcare Stocks Witness Selling
Tue, 25 Feb Closing | Monish Vora, TM Team

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Indian share markets witnessed volatile trading activity throughout the day and ended marginally lower. Benchmark indices gave up early gains to slip into the red after a massive sell-off in the previous session.

Sectoral indices ended on a mixed note with stocks in the energy sector and healthcare sector witnessing selling pressure, while realty stocks witnessed buying interest.

At the closing bell, the BSE Sensex stood lower by 82 points and the NSE Nifty closed down by 16 points.

The BSE Mid Cap index ended the day down by 0.5%, while the BSE Small Cap index ended down by 0.4%.

Asian stock markets finished on a mixed note. As of the most recent closing prices, the Hang Seng was up 0.3% and the Nikkei was down 3.3%.

The rupee is trading at 71.85 against the US$.

In news from the automobile sector, shares of TVS Motors slipped 6% in early trade today after the company said that the outbreak of pandemic Coronavirus in China will lead to 10% drop in its planned production in February.

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In an exchange filing post market hours yesterday, the company said that "Coronavirus has led to impact on supply of certain components for production of BS-VI vehicles. China is a key part of the global automobile supply chain."

While the company's direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely which will lead to 10% drop in the planned production in February 2020, the company added.

As per the Automotive Component Manufacturers Association of India (ACMA), India imported around US$ 4.2 billion of auto components in 2019 from China.

According to rating agency CRISIL's estimate, around 18% of automobile component imports and nearly 30% of tyre imports come from China.

The rating agency said that the virus outbreak is expected to cause limited disruption in the fourth quarter of fiscal 2020, as Indian auto original equipment manufacturers (OEMs) tend to have import inventories for 30-60 days.

However, it added that lack of even a single critical component such as printed circuit boards can hurt an OEM's ability to manufacture vehicles.

TVS Motors share price ended the day down by 0.3%.

Moving on to news from the commodity space, Gold prices in India fell today, tracking a decline in global rates. On MCX, April gold prices declined 1.3% or Rs 584 to Rs 42,996 per 10 gram in their first decline in five days.

Over the past five days, gold prices had rallied about Rs 3,000 per 10 gram, hitting a new high of Rs 43,788 in the previous session.

Silver prices also declined today, with futures on MCX falling 1.6% to Rs 48,580 per kg.

In global markets, gold prices fell 1% today on profit-taking after the precious metal hit a seven-year high in the previous session.

Spot gold prices fell to US$ 1,642.89 after hitting a multi-year high of US$ 1,688.66 in the previous session.

Note that increase in the number of new coronavirus cases outside China over the past few days have bolstered the safe haven appeal of gold.

South Korea, Italy and Iran have logged sharp increases in infections and deaths, while several countries in the Middle East reported their first cases of coronavirus.

The international spot gold prices have rallied to seven-year highs while India's domestic gold prices rallied to all-time highs.

Speaking of gold, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

Gold Has Been a Shining Long-Term Investment

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

Here's what Ankit Shah wrote about this in one of the editions of The 5 Minute WrapUp...

  • In fact, gold has delivered double-digit gains in 10 of the last 15 years.

    During the entire 15-year period, gold has shot up 555% (compounded annual return of 12.1%).

    During the same period, the Sensex surged 511% (compounded annual return of 12.0%). If you include dividends, the Sensex returns would be higher than gold by a couple of percentage points.

    One must note that the Sensex returns are not representative of the broader market returns. Moreover, gold was a no-brainer. You didn't have to study financial statements, business models and forecast future earnings growth to get a double-digit return on your investment.

Meanwhile, in his latest video, Vijay Bhambwani shares his view on Gold and Silver prices. He talks about how the bullion prices will move in the short term.

You can check the same here: Will Gold and Silver Prices Fall because of the Coronavirus?

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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

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