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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Selloff continues in second half 
(Fri, 20 Mar 03:30 pm) 
 
Indian markets continued to trade weak as selling activity persisted as the day progressed. BSE Sensex and NSE-Nifty are trading with losses of about 150 points and 50 points respectively. Both the BSE Mid Cap and BSE Small Cap have underperformed the broader markets. While the midcap stocks have lost about 0.9%, the smallcaps lost over 1% in today's trade. IT sector has clearly outperformed, however FMCG has lost the maximum.

Commodities continue to trade in small losses and gains. Gold is trading with slight gains of 0.04% or 0.03 at Rs 25,970 levels while silver up marginally by 0.05% or Rs 20 at Rs 36.390 levels. Crude oil prices have remained subdued with marginal losses of 0.10% or Rs 3 at Rs 2,859 per barrel. The value of Indian rupee continues to trade flat with slight gained of 0.02% or 0.02 at Rs 62.53.

Capital goods stocks have fallen about 0.8% in today's trade. A day after bagging a multi-billion dollar deal, the CEO of L&T has said that the company intends to expand its domestic operations. Currently, the segment contributes to about two thirds of the revenues. This is expected to rise to 75% going ahead. While he expects the order flow to increase substantially, he does not expect more orders from the power space till FY18. The company lowered its guidance on order inflow growth and sales growth. Order inflow is slated to grow in the range of 15% - 20% from previously expected figure of 20%. Further, the management expects margins ti remain subdued as well.

The regulator of capital markets, Securities Exchange Board of India (SEBI) has told that it will present a new set of guidelines to make Initial Public Offering an easy process with 3-4 months. In light of the fact that maximum start ups are in the e-commerce and digital space, a group of venture capitalists and investors met the SEBI officials to showcase their concerns.

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Sep 22, 2017 (Close)

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