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
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian stock markets continue in the red
Wed, 4 Apr 01:30 pm

Indian stock market indices slipped further into the negative territory over the last two hours of trade. Barring power sector, all sectoral indices were trading in the red, led by metal and realty stocks.

The BSE-Sensex is down by 127 points, while the NSE-Nifty is down by 45 points. BSE Mid cap index and BSE Small cap index are down by 0.4% and 0.1% respectively. The rupee is trading at 51.13 to the US dollar.

Auto stocks are mainly trading in the red led by Ashok Leyland and TVS Motors. As per a leading financial daily, Maruti Suzuki (India) is planning to re-enter the insurance broking business with a license from regulator. As per the local rules, foreign companies should not hold more than 26% in an insurance venture. The company's parent Suzuki Motor already owns at least 55% stake. Because of the overseas partner's indirect holding, Maruti will not be able to hold a 74% stake. To adhere to the guidelines set by the regulator, Maruti will set up a separate company with separate infrastructure. Earlier, the company was barred by Insurance Regulatory and Development Authority (IRDA) for two years from selling vehicle insurance policies in the year 2010 for violation of foreign investment norms. The stock was trading in the green.

Energy stocks are trading in the red led by Gas Authority Of India Ltd. (GAIL) and Essar Oil. As per a leading financial daily, Cairn Energy India Pty Ltd. (CEIL), the wholly owned subsidiary of Cairn India Ltd. (CIL) has discovered oil in Nagayalanka-SE-1 well in the onshore block of Krishna-Godavari Basin. The commerciality of the discovery will be determined post further testing and appraisal. CEIL with 24% stake will be the operator of the block. Oil and Natural Gas Corporation Ltd. (ONGC) and CIL hold 25% and 51% stake in the block respectively. This will be second successive discovery well in this block by the Cairn-ONGC joint venture consortium.

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 stock markets continue in the red". Click here!


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


Mar 20, 2018 11:13 AM