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 stock markets open weak
Wed, 28 Mar 09:30 am

Most major Asian stock markets have opened the day on a weak note with stock markets in China (down 1.5%), Japan (down 1.2%) and Hong Kong (down 1%) leading the losses. The Indian stock markets have also opened the day on a weak note. Stocks in the consumer durables, realty and metal space are the major losers. However, healthcare stocks are trading firm.

The BSE-Sensex is down by around 108 points (0.6%), while the NSE-Nifty is down by around 37 points (0.7%). Mid cap and small cap stocks are trading in the negative zone as well, with the BSE Mid cap and the BSE Small cap indices down by about 0.3% and 0.2% respectively. The rupee is trading at Rs 50.92 to the US dollar.

PSU Bank stocks have opened the day on a weak note with Oriental Bank, Vijaya Bank, Central Bank and UCO Bank leading the losses. India's largest public sector bank State Bank Of India (SBI) has raised the interest rates on term deposits by 1%. The bank will offer an interest rate of 8% on deposits across various maturities less than one year. The new rate is set to be effective from today for deposits below Rs 10 million. The interest rate hike has come in a bid to prevent existing customers to switch to other banks that offer higher rates on savings account. It is likely that other banks will also follow suit. It must be noted that interest rates on savings bank accounts were freed in the latter half of 2011.

Auto stocks have opened the day on a weak note with Maruti Suzuki, Hero MotoCorp and Tata Motors (Telco) facing selling pressure. As per Maruti Suzuki's Chairman Mr R C Bhargava, the company is planning to reduce car production at its Gurgaon plant. However, there are no immediate plans to totally shift vehicle production out of this plant. At Gurgaon, Maruti is gearing to shut down one of the three assembly lines by 2015. This will reduce the installed capacity in the mother plant by 30%, from 7.2 lakh cars to 5 lakh cars. The decision to shut down one assembly line came on the back of complaints by Gurgaon residents who were being hassled by the movement of the trailers carrying cars from the factory as also the large quantities of incoming material. In place of the assembly line, the company would install its new diesel engine plant with a capacity of 3 lakh engines and will also make components.

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 stock markets open weak". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

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


May 14, 2021 (Close)

MARKET STATS