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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Indian Markets finish with losses 
(Fri, 20 Mar Closing) 
 
Indian markets finished today's trading session in the red for the second consecutive trading day after selling pressures persisted on all the sectoral indices except the IT sector. BSE Sensex fell over 208 points while NSE-Nifty fell over 63 points amidst profit booking. The consumer durables sector was the worst performing sector as it plunged nearly 2%. BSE Mid Cap and BSE Small Cap, too suffered heavy losses during today's session. While midcap stocks fell nearly 1.5%, smallcap stocks fell over 2%.

Commodities on the other hand, continued to trade within a small range amidst this profit-taking session. Gold prices per 10 grams traded flat and are currently trading at Rs 25,950 levels. Silver prices have increased slightly by 0.1% or Rs 50 and are currently trading at Rs 36,380 levels. Crude oil prices are nearly flat as per barrel prices have decreased only Rs 19 or 0.1%. Currently, crude oil prices are stable at Rs 2,860 levels. Indian Rupee is nearly unchanged at Rs 62.47 levels to a US Dollar.

European markets are trading with moderate gains as investors expect a solution to the Greece debt crisis to be nearing. German and French markets made gains of 0.7% and 0.1%, respectively.

Power stocks remained in red during the trading session. Reliance Infra and NTPC were the leading losers. Shares of NTPC plunged more than 6% after the company traded ex-bonus debenture for every share held by investors. For every share held, NTPC will issue a bonus debenture that will carry a face value of Rs 12.5. The coupon rate that is applicable on the debenture issued will be decided on an annual basis. The bonus debenture will be redeemed on the 8th, 9th and 10th years with Rs 2.5, Rs 5 and Rs 5 respectively.

Most mining stocks ended the day lower today. The Rajya Sabha or the Upper House of Parliament has passed the Mines and Minerals Development and Regulation Amendment Bill, 2015. Despite stiff opposition from some parties, the bill was cleared by a simple majority. The clearing of the Bill in the Lower House is expected to be a formality as the government has a majority in it. The Bill will clear the way for auctions of all mines in a transparent manner, with the state governments receiving a significant stake of the auction proceeds.

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Sep 22, 2017 (Close)

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