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 Indices Trade Marginally Lower; Telecom Stocks Witness Selling
Tue, 2 May 11:30 am

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the telecom sector and power sector witnessing maximum selling pressure. Realty sector is trading in the green.

The BSE Sensex is trading down 70 points (down 0.2%) and the NSE Nifty is trading down by 25 points (down 0.3%). The BSE Mid Cap index is trading down by 0.4%, while the BSE Small Cap index is trading down by 0.2%. The rupee is trading at 64.21 to the US$.

Indian indices have erased early gains and are presently trading on a negative note, weighed by banking stocks. Volatility is also seen ahead of the fourth quarter result announcements by various companies today.

The above developments, coupled with the ongoing global volatility, has led the Sensex fall below its 30,000 mark.

Just Released: Multibagger Stocks Guide
(2017 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Among all this volatility and uncertainty, we'd like to remind of you of a rather sobering quote from superinvestor Warren Buffett:

  • The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

Remember that and focus on the fundamentals and long term moats of companies before deciding to invest in them.

Talking of superinvestors, do you know who the super investors of India are?

Not just who they are...but how they pick stocks? Which stocks they pick?

My colleagues Rohan and Kunal have made getting access to all of these insights easier than ever.

They've compiled all of their interviews for the Superinvestor Project into a special report called The Superinvestors of India.

The report will make a wonderful addition to your value investing library.

Click here for a free copy. May the lessons bring you long-term investing success.

Moving on to the news from the commodity markets... Crude oil is witnessing selling pressure today. This is seen on the back of a recovery in Libyan output and rising US supplies. The developments have raised concerns of an oversupply and weighed on crude oil prices.

Oversupply Concerns Drag Crude Oil Lower

The above oversupply is seen despite major oil producers agreeing to cut production by 1.8 million barrels per day for the first half of 2017. As a result, market participants are now worried that OPEC-led production cuts may not significantly tighten the rising inventory supplies.

All eyes are now set on the upcoming meet between the OPEC and participating non-OPEC countries which is scheduled for May 25th to discuss whether to extend the curbs in oil production in the second half of this year.

More production cuts will mean curb in crude oil supplies and support Brent crude oil prices.

One shall note that crude oil prices have been remarkably silent over the last two years. Prices have remained within a tight range, rarely dropping below US$40 or rising above US$60. Volatility has crashed. And if you are trading crude oil, it's critical to understand why this has occurred.

One of the issues of Vivek Kaul's Inner Circle (requires subscription) explains what has triggered the above taming in crude oil prices.

To keep a tab on the movements in crude oil and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency and commodity markets.

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 Indices Trade Marginally Lower; Telecom Stocks Witness Selling". 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


Nov 22, 2017 11:05 AM