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 markets take a breather
Fri, 27 Mar 03:30 pm

Indian markets continue to trade in a volatile manner. The BSE Sensex is trading with moderate gains of 10 points while NSE-Nifty is trading with slight losses of 4 points. Among the sectoral indices, pharmaceutical sector and oil & gas sector stocks remain the biggest losers; however, banks have gained investor attention in the second half of the trading session. BSE Mid Cap and BSE Small Cap stocks underperformed in today's trading session. While the midcap stocks gained slightly; the smallcap stocks lost nearly 0.2%.

Commodities extended their losses after minting gains for most part of the week. While gold prices, per 10 grams, fell Rs 230 or 0.90%, Silver prices fell over 1% in today's trading session. Gold prices, per 10 grams, is available at Rs 26,570 levels while silver prices, per kilogram, fell about Rs 400 to Rs 38,172 levels. Crude oil prices fell over 2% and per barrel are available at Rs 3,183 levels. The value of US Dollar fell marginally by 0.15% or 0.09. Indian Rupee is available at Rs 62.58 levels against the US Dollar.

Telecom stocks underwent a sell-off in the send half of the trading session as Tata Communications and Idea Cellular fell over 2%. Idea Cellular got listed in the Nifty 50 exchange. Hence gained in the morning session, however, fell prey to the profit booking in the second half. The company invested about Rs 300 bn to acquire 270.7 mhz from the spectrum auction for pan India. The company said that it won 54 mhz from 900 mhz taking the total to 79.4 mhz from the current 9 leadership area it presently covers. This constitutes 73% of the total revenues. The company has also won a fraction from 1800 mhz and 2100 mhz that covers Kolkata and Maharashtra. The company plans to capitalize on the 3G and 4G services to contribute in Digital India. The company plans to make an upfront payment of Rs 77.32 bn and the balance in 10 equal installments in forthcoming 2 years. Shares of company fell over 4% owing to profit booking.

Banking stocks have gained the maximum today. Companies like United Bank of India and Andhra Bank gained more than 2%. India's largest bank, State Bank of India said that it would be diluting its ownership in SBI General Insurance by giving 49% to Insurance Australia Group. This development took place as a result of allowing FDIs in the Insurance sector from 26% to 49%. SBI General Insurance is formed because of a partnership between SBI and Insurance Australia Group. As of now SBI had a 74% stake in SBI general.

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 markets take a breather". Click here!

  

Views on News

BSE Sensex Surges 1,060 Points; TATA STEEL Among Top Gainers (Market Updates)

Mar 3, 2021 | Updated on Mar 3, 2021

The BSE Sensex Surged 1,060 Points; TATA STEEL Among Top Gainers. Find the latest update, special reports and news on all time high gainers of BSE Sensex at equitymaster.com.

Dollar at 80? (Fast Profits Daily)

Mar 3, 2021

Can the rupee depreciate to 80 against the US dollar? In this video, I'll show you what the charts say.

Motilal Oswal Asset Allocation Passive Fund of Fund: Aims to Benefit from Investing in Multi-Asset Passive Funds (Outside View)

Mar 3, 2021

PersonalFN analyses the features of Motilal Oswal Asset Allocation Passive Fund of Fund and explains the potential this fund has to offer to its investors.

Smallcap Investing in the New Normal World (Profit Hunter)

Mar 3, 2021

Here's why I think there is more steam left in smallcaps.

Why Rising Bond Yields Spooked the Market (Fast Profits Daily)

Mar 2, 2021

The stock market has been worried about rising bond yields recently and for good reason. In this video, I'll tell you why.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

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


Mar 3, 2021 (Close)

MARKET STATS