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?  

Markets Close with 1% Losses
Fri, 17 Apr Closing

Indian markets witnessed a volatile session today as major IT stocks tanked over concerns about quarterly results not meeting investor expectations. Markets opened on a weak note but the sell-off kick started as investors shunned IT and healthcare stocks. Healthcare stocks fell as much as 3% while IT stocks fell nearly 2% amidst today's sell-off. BSE Sensex finished today's day with losses of over 220 points while NSE-Nifty lost 100 points during today's trade. Metals stocks managed to garner 1.1% gain during today's volatile session. BSE Mid Cap and BSE Small Cap indices underperformed the market as smallcap stocks fell about 1.5% while midcap stocks fell about 2%.

Commodities gained traction as investors looked towards the precious metals shunning equities. Gold prices, per 10 grams, increased 0.5% or Rs 125 while silver prices have gained 0.7% or Rs 249. Gold prices are available at Rs 26,770 levels while silver prices are available at Rs 36,730 levels. Crude oil continued to trade in the red with losses of 1.6% or Rs 60. Per barrel, the crude oil traded near Rs 3,500.The value of the Indian Rupee gained marginally by 0.06% or 0.04 and is available at Rs 62.34.

The European stocks are trading with losses of over 1.5% as investors booked profits. Major economic data of the Euro zone area came in as per expectations. The Consumer Price Index MoM and YoY came in at 1.1% and 0.1%, respectively. The German DAX, French CAC and the British FTSE are trading with losses of 1.7%, 1.3% and 0.7%, respectively. The value of Indian Rupee increased 0.6% or 0.38 and is available at Rs 67.43 against the Euro currency.

Shares of the rating agency CRISIL declined over 7% after the company reported financials that did not please investors. The consolidated profit for the first quarter declined 20.4% to Rs 0.56 bn. The decline in the profits is attributable to low revenue and weak operational performance. Sales of the company slid 5.8% to Rs 3.1 bn while EBITDA slipped 15.8% to Rs 0.86 bn. The company had declared an interim dividend of Rs 4 per equity share.

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 "Markets Close with 1% Losses". 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 21, 2018 12:45 PM