X

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
  • MyStocks

MEMBER'S LOGINX

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

Indian markets Trade with Minor Losses
Wed, 18 Mar 09:30 am

Asian stock markets gained over 1% shrugging off investors' concerns over the Fed raising the interest rates and ahead of the conclusion of the Fed's 2 day meet. Yesterday, the U.S markets closed mixed as investors' focussed towards the outcome of the Fed meeting. European markets closed on a mixed note with stock markets in Germany being the biggest loser (down 1.5%). Chinese, Hong Kong, Taiwanese and Korean markets are trading with solid gains of 1%, 1.1%, 1.02% and 0.2% respectively while the Japanese markets are trading with minimal losses of 0.1%.

Indian markets opened with moderate gains, however, quickly turned into red. BSE Sensex is trading with a minor loss of about 40 points while NSE-Nifty has lost about 15 points. BSE Mid Cap and BSE Small Cap are trading in green. Midcap stocks have gained about 5 points while smallcap stocks have gained about 32 points. consumer durables and Automobiles sector have lost the maximum.

Commodity price took a hit yesterday as Gold prices, per 10 grams, fell nearly 0.5% or Rs 164 and is trading at Rs 25,600 levels. While Silver prices, per kilogram, fell about 0.6% or Rs 208 and is currently available at Rs 35,350 levels. Crude oil prices jumped over 1% yesterday or Rs 31. Per barrel, the crude oil prices is trading at Rs 2770 levels. The exchange rate of Indian Rupee and U.S Dollar gained marginally by 0.03% or 0.02. The rupee is trading at Rs 62.72 per dollar.

Healthcare sector has witnessed gains in the early trading session. Share of Cadila healthcare gained nearly 1.5% after the company launched a new drug to treat Hepatitis C. The drug is used as Oral therapy and is named SoviHep. The drug would be marketed by Zydus Heptiza. Zydus and Gilead Sciences have partnered each other to market and sell this drug in over 91 countries that also include India. The drug would be useful in India as it is a home 10 mn Hepatitis C patients.

Metals have gained over 0.6% in the early trade. Shares of Bhushan steel gained more than 4% after the company said that they have taken initiative steps to restructure Rs 230 bn worth of long-term loans. Main lenders of the long-term loan include State Bank of India and Punjab National Bank. According to a leading financial source, these banks are also considering to extend the loan tenure to 25 years from 8 years.

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 markets Trade with Minor Losses". Click here!

  

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Feb 23, 2018 (Close)

MARKET STATS