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, 4 Apr 09:30 am

Asian stock markets have opened the day on a weak note with stock markets in Japan (down 1.4%), Taiwan (down 1.3%) and South Korea (down 1%) leading the losses. The Indian stock markets have also opened the day on a weak note. Stocks in the realty and metal space are leading the losses, while power stocks are trading in the green.

The BSE-Sensex is trading down by 95 points (0.5%) while the NSE-Nifty is down by around 29 points (0.5%). Mid cap and small cap stocks are trading mixed. While the BSE Mid cap index is down by 0.1%, the BSE Small cap index is up by 0.2%. The rupee is trading at Rs 50.96 to the US dollar.

Auto stocks have opened the day on a weak note with Bajaj Auto, Hero MotoCorp and Ashok Leyland trading in the red. India's second largest two-wheeler maker Bajaj Auto has raised further its stake in the Austrian motorcycle company KTM Power Sports by 6.3%. This takes it total stake in the company to a little over 47%. As per a leading financial daily, Bajaj recently purchased the stake from a key shareholder through an open market transaction. The purchase was made through Bajaj Auto International Holdings, a wholly-owned subsidiary based in Netherlands. Bajaj is the second largest shareholder in KTM. As per Managing Director Mr Rajiv Bajaj, the company does not want to be a majority shareholder of KTM. The two companies have been working together on some joint development projects.

Mining stocks have opened the day on a weak note with Coal India, Sesa Goa Ltd and Gujarat NRE Coke leading the pack of losers. India's largest coal producer Coal India (CIL) has been forced by the government to guarantee fuel supply to private power companies. The government has issued a presidential decree that would force CIL to meet its commitments. As per the decree, CIL would have to pay heavy penalties if it is unable to supply up to 80% of its commitment to the private power companies. This move will help the private power companies who have been running idling plants with a total capacity of nearly 28,000 mega-watts (MW). It will also help the additional 22,000 MW that is expected to be constructed over the next 3 years.

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

TV18 BROADCAST Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 02:52 PM

TV18 BROADCAST share price is trading up by 13% and its current market price is Rs 33. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 12.7%) and JUST DIAL (up 13.1%). The top losers are SHILPA MEDICARE and SOBHA .

RITES Share Price Up by 7%; BSE CAPITAL GOODS Index Up 1.5% (Today's Market)

Mar 1, 2021 02:52 PM

RITES share price is trading up by 7% and its current market price is Rs 263. The BSE CAPITAL GOODS is up by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are RITES (up 6.7%) and GRINDWELL NORTON (up 5.8%). The top losers are SADBHAV ENGINEERING (down 0.1%) and HINDUSTAN AERO. (down 0.2%).

MRPL Share Price Up by 9%; BSE OIL & GAS Index Up 1.9% (Today's Market)

Mar 1, 2021 02:52 PM

MRPL share price is trading up by 9% and its current market price is Rs 45. The BSE OIL & GAS is up by 1.9%. The top gainers in the BSE OIL & GAS Index are MRPL (up 9.3%) and CASTROL INDIA (up 5.1%). The top losers is PETRONET LNG (down 1.8%).

ITD CEMENTATION INDIA Share Price Up by 5%; BSE REALTY Index Up 1.5% (Today's Market)

Mar 1, 2021 02:52 PM

ITD CEMENTATION INDIA share price is trading up by 5% and its current market price is Rs 82. The BSE REALTY is up by 1.5%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 5.2%) and MAHINDRA LIFESPACE (up 6.2%). The top losers is SOBHA .

SJVN Share Price Up by 5%; BSE POWER Index Up 2.1% (Today's Market)

Mar 1, 2021 02:52 PM

SJVN share price is trading up by 5% and its current market price is Rs 27. The BSE POWER is up by 2.1%. The top gainers in the BSE POWER Index are SJVN (up 5.5%) and POWER GRID (up 5.6%). The top losers is GMR INFRA (down 0.2%).

Sensex Rallies 600 Points in Opening Trade; Power Grid & Tech Mahindra Top Gainers (Today's Market)

Mar 1, 2021 09:30 am

The BSE Sensex opened up by 620 points while the Nifty is trading higher by 165 points.

View More Indian Share Market 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.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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.

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 1, 2021 02:48 PM

MARKET STATS