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

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 Indices Trade Marginally Lower; Metal Sector Down 2.5%
Mon, 19 Mar 11:30 am | Monish Vora, TM Team

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a negative note with stocks in the energy sector and metal sector witnessing maximum selling pressure.

The BSE Sensex is trading down 106 points (down 0.3%) and the NSE Nifty is trading down by 35 points (down 0.3%). The BSE Mid Cap index is trading down by 1.4%, while the BSE Small Cap index is trading down by 1.3%. The rupee is trading at 65.06 to the US$.

In the news from the IPO space, the initial public offer of Sandhar Technologies Ltd has opened for subscription today.

The fresh issue of 9.1 million shares along with the offer for sale (OFS) of 6.4 mn shares by the company is aimed at raising Rs 5 billion from the primary market. The IPO will mean promoter's stake in the company reduced to 70% (currently at 83%).

Sandhar Technologies is engaged in the business of designing and manufacturing a diverse range of automotive components, parts and systems which are focused on safety and security systems of vehicles.

The company manufactures its products from 31 manufacturing facilities across eight states in India, two manufacturing facilities in Spain, and one manufacturing facility in Mexico. This apart, it also has an overseas assembly and packaging centre located in Poland and a R&D centre located in Gurugram, Haryana.

--- Advertisement ---
Start Your Week With Our Top 5 Safe Stocks

For over 15 years, StockSelect has been recommending solid Safe Stocks that have gone on to generate double...even triple digit returns.

And today, you have the chance to get access to the 5 Safe Stocks that have caught our attention off late.

Click here to get immediate access...
------------------------------

The company's customer profile consists of 79 Indian and global original equipment manufacturers (OEMs) across various segments and global automotive component suppliers such as Autoliv, Bosch, and CTS.

To know our view on this IPO, you can read our IPO note on Sandhar Technologies Ltd (requires subscription).

Speaking of IPOs, the demand for IPO's has reached sky-high levels. Avenue Supermarts was seen as the first company last year to cross the 100-time subscription mark swiftly followed by CDSL and Dixon technologies, among others.

IPO Subscription Times (2017)

This euphoria is something similar to what was seen in 2007-08. When everyone around you is clamoring to get a piece of the IPO pie, it makes sitting tight difficult. And, why should you sit tight when stocks like Avenue Supermart lets you pocket a cool 100% gain from day 1 of the listing?

History suggests that these cases are few and far between. More than 70% of the IPOs listed in 2007 and 2008 are in the red, even today when the Sensex is at an all-time high.

A merit-based selection primarily including valuation, business, and management quality is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often than not.

To know more, you can download our FREE report - How to Get Rich with IPOs. This guide will show you how to safely profit from the ongoing IPO rush.

In the news from the pharma sector, Shilpa Medicare share price is witnessing buying interest today. Gains are seen as the US Food and Drug Administration (USFDA) issued an Establishment Inspection Report (EIR) for the company's formulations manufacturing facility (SEZ unit) located at Jadcherla, Telangana.

The company said that the facility was inspected between November 11 and November 30, 2017 and USFDA determined that the inspection classification of this facility is VAI and accordingly issued EIR.

At the time of writing Shilpa Medicare share price was trading up by around 13% on the BSE.

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; Metal Sector Down 2.5%". Click here!

  

Stock Market Updates

Sensex Trades in Red; IT Stocks Top Gainers (Today's Market)

Apr 20, 2018 12:30 pm

The BSE Sensex is trading down by 55 points, while the NSE Nifty is trading down by 20 points.

Sensex Opens Marginally Down; TCS Rallies on Strong Q4 Results (Today's Market)

Apr 20, 2018 09:30 am

Indian share markets open in red with Sensex trading down by 41 points, while the Nifty is trading down by 12 points.

Indian Indices Continue Positive Trajectory, Metal Sector Spurts, and Top Stocks in Action (Today's Market)

Apr 20, 2018 Pre-Open

Metal sector on the rise, crude prices on an uptrend, and other stocks in action to watch out today...

Sensex Ends Day Marginally Higher; Tata Steel Surges 3.5% (Today's Market)

Apr 19, 2018 Closing

The BSE Sensex ended the day up by 92 points, while the NSE Nifty ended the day up by 23 points.

Indian Indices Trade Marginally Higher; Metal Sector Up 3.7% (Today's Market)

Apr 19, 2018 12:30 pm

The BSE Sensex is trading up by 87 points, while the NSE Nifty is trading up by 32 points.

View More Indian Share Market News

Most Popular

Why India is Short of Cash Again(Vivek Kaul's Diary)

Apr 19, 2018

It is basically a supply problem with not enough currency going around in the financial system.

If Your Broker Calls You, Bang the Phone Down!(Smart Contrarian)

Apr 10, 2018

I'm going to tell you certain things about the inner workings of the industry so that you know why his advice is likely to be at best junk, and at worst dangerous.

How to Pick Great Stocks with Rajeev Thakkar(The 5 Minute Wrapup)

Apr 9, 2018

Rajeev Thakkar tells us how teachings from Vipassana can help you became a better investor.

How Small Caps Can Change the Way You Eat, Sleep, and Drive(Sector Info)

Apr 11, 2018

How you can increase your odds of seizing multibagger stocks and rake in the moolah by investing in small cap stocks.

This is How a Smart Robo-Advisor can Help You Chart Your Asset Allocation...(Outside View)

Apr 16, 2018

PersonalFN explains how a dependable robo-advisory platform can help you create your personalized asset allocation plan

More

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


Apr 20, 2018 (Close)

MARKET STATS