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 share markets open in the red
Tue, 26 Feb 09:30 am

Barring China (down 0.4%), the major Asian stock markets have opened the day in the red with stock markets in Japan (down 1.6%) and Hong Kong (down 0.7%) leading the losses. The Indian share market indices have opened the day on a weak note as well. Barring software and FMCG, the sectoral indices have opened in the negative with stocks in the metal and auto sector leading the losses.

The Sensex today is down by around 83 points (0.4%), while the NSE-Nifty is down by around 29 points (0.5%). The mid cap and small cap stocks have also opened in the red with the BSE Mid Cap and BSE Small Cap indices down by around by around 0.5% and 0.2% respectively. The rupee is trading at Rs 54.04 to the US dollar.

The stocks in the auto have opened the day mainly in the red with Tata Motors Ltd and Maruti Suzuki Ltd leading the losses. As per a leading financial daily, the workers at Hero MotoCorp Ltd's Gurgaon unit will go on a hunger strike from Thursday to demand a hike in the wages. Only the union members of Hero MotoCorp Workers' Union (HMCWU, Gurgaon unit) will go on the hunger strike so that production at the factory does not get affected. The workers at the Gurgaon unit have been demanding higher wages for the past two months now. The average salary of a permanent worker at Gurgaon currently is around Rs 32,000 (up to Rs 38,000 for more experienced employee).The employees have demanded a hike of Rs 15,000 in the monthly salary. However, the management is reluctant to increase wages beyond Rs 7,500-9,000 in monthly settlement. In the last month, the workers at the unit had reportedly slowed production operations over this issue. In response, the company had issued showcause notices against six members of the union for disrupting production operations on January 23 and January 24. In their latest round of talks, the company management has refused to budge from their stance. A notice regarding hunger strike has already been sent to the company. As of now, no date has been finalized for the next round of talks.

The stocks in the engineering sector have opened the day on a mixed note with Shanthi Gears Ltd and Opto Circuits Ltd leading the losses. However, Welspun Corporation and Bharat Earthmovers Ltd have opened in the green. As per a leading financial daily, Railways have joined hands with Bharat Heavy Electricals Ltd (BHEL) for setting up a modern Mainline Electric Multiple Unit (MEMU) coach factory. This would be worth Rs 10 bn and will be set up at Bhilwara, Rajasthan. The project aims to cater to the growing demand for faster local and suburban trains. The MEMU trains that are equipped with higher acceleration capacity are expected to move faster on electrified tracks and would benefit daily commuters. The Railway Minister has said that the state of Rajasthan will be offering 200 acres of land in Bhilwara for setting up the MEMU coach factory.

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 share markets open in the red". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

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


May 14, 2021 (Close)

MARKET STATS