X

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

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?  

Rupee concerns drive down markets
Thu, 3 May Closing

With indices in the Indian stock markets making no further attempt at rising, markets closed the day on a negative note. While BSE-Sensex edged lower by around 150 points (down 0.9%), fall on the NSE-Nifty came in at around 50 points. BSE Mid cap and BSE Small cap indices weren't spared either as both of them lost in the region of 1% each. More than three stocks declined for every one that closed the day in the positive on the Sensex.

Most Asian stocks were also covered in red today. Europe though is trading in the green currently. The rupee was placed at Rs 53.4 to the dollar at the time of writing.

With today's fall, the market is effectively flat for the week now. The fall seems to have been triggered by poor performance of the rupee that, if reports are to be believed, fell to a fresh four month low against the dollar. Further, with employment reports from Europe and US not coming encouraging, it gave investors one more reason to exit their counters. Thus, with data both locally as well as internationally looking gloomy, further correction from the current levels cannot be ruled out.

Auto stocks came under heavy selling pressure today with biggest losers being TVS Motors and Hero Moto Corp. The latter lost to the tune of 8% today. This was despite the news that the company has hiked the prices of its products by upto Rs 1,000 in order to offset rising input costs. Apparently, the hike has not helped calm investor nerves as they are worried over the issue of slow ramp up in company's R&D and higher competition from its erstwhile partner, Honda Ltd. Most worrisome is the impending launch of Honda's new 110 cc bike as it will be in direct competition with Hero's bread and butter model Splendor.

HCL Tech, one of India's most improved IT companies, has entered into an agreement with Siemens PLM software, a business unit of Siemens Industry Automation Division, for the Indian market. As per reports, the partnership will facilitate delivery of advanced, highly flexible and scalable PLM solutions across industry verticals with specific focus onto Aerospace & Defense, Automotive and Ancillary markets. The stock of HCL Tech however closed marginally lower today.

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 "Rupee concerns drive down markets". Click here!

  

Stock Market Updates

BAJAJ HIND. SUGAR plunges by 5%; BSE 500 Index Down 0.0% (Today's Market)

Jun 18, 2018 02:58 PM

BAJAJ HIND. SUGAR share price has plunged by 5% and its Current Market Price is Rs 7. The BSE 500 is down by 0.02%. The top gainers in the BSE 500 Index are JAIPRAKASH ASSO. (up 7.27%) and HPCL (up 5.18%). The top losers are BAJAJ HIND. SUGAR (down 5.00%) and TAKE SOLUTIONS (down 5.93%).

JAIPRAKASH ASSO. surges by 8%; BSE REALTY Index Up 0.1% (Today's Market)

Jun 18, 2018 02:22 PM

JAIPRAKASH ASSO. share price has surged by 8% and its Current Market Price is Rs 16. The BSE REALTY is up by 0.11%. The top gainers in the BSE REALTY Index is JAIPRAKASH ASSO. (up 7.96%). The top losers are GODREJ PROPERTIES (down 0.06%) and OMAXE LTD (down 0.28%).

P&G HYGIENE at All Time High; BSE FMCG Index Up 0.0% (Today's Market)

Jun 18, 2018 02:22 PM

P&G HYGIENE share price has hit an all time high at Rs 10,360 (up 4.46%). The BSE FMCG Index is up by 0.04%. Among the top gainers in the BSE FMCG Index today are P&G HYGIENE (up 4.46%) and GILLETTE INDIA (up 0.13%). The top losers include ITC LTD (down 0.06%) and GSK CONSUMER (down 0.06%).

INDO COUNT surges by 15%; BSE 500 Index Down 0.1% (Today's Market)

Jun 18, 2018 02:21 PM

INDO COUNT share price has surged by 15% and its Current Market Price is Rs 79. The BSE 500 is down by 0.07%. The top gainers in the BSE 500 Index is INDO COUNT (up 14.57%). The top losers are JK LAKSHMI CEMENT (down 0.02%) and DEEPAK FERTILISERS (down 0.02%).

Sensex Trades Rangebound; Metal, Pharma Stocks Top Losers (Today's Market)

Jun 18, 2018 12:30 pm

The BSE Sensex is trading down by 25 points, while the NSE Nifty is trading down by 5 points.

INDUSIND BANK at All Time High; BSE BANKEX Index Up 0.3% (Today's Market)

Jun 18, 2018 11:49 AM

INDUSIND BANK share price has hit an all time high at Rs 1,988 (up 1.11%). The BSE BANKEX Index is up by 0.32%. Among the top gainers in the BSE BANKEX Index today are INDUSIND BANK (up 1.11%) and YES BANK (up 0.44%). The top losers include SBI (down 0.18%) and AXIS BANK (down 0.38%).

View More Indian Share Market News

Most Popular

After Vakrangee and Manpasand, More Auditors May Soon Resign. To Protect Your Wealth, Avoid these Stocks(The 5 Minute Wrapup)

Jun 8, 2018

The change in auditing regulations can bring a big change in corporate governance behaviour in the mid and small-cap space.

Should You Get out of Small Caps Now... Before the Fall Worsens(Profit Hunter)

Jun 6, 2018

An almost zero-loss strategy that works best when markets correct. Don't let the current volatility overwhelm you. Focus on the fundamentals and long term, and buy stocks where quality meets value.

Why Bank-Mergers Continue to Remain a Bad Idea(Vivek Kaul's Diary)

Jun 5, 2018

A newsreport suggests that the government plans to merge four public sector banks. We think it's a bad idea.

Has the Market Bottomed Out?(Sector Info)

Jun 11, 2018

The yield spread is an effective barometer that can indicate the direction the markets are headed.

Is Data Pointing Towards a Revival in the FMCG Sector?(Sector Info)

Jun 8, 2018

After several quarters of stress in the aftermath of demonetisation and the rollout of GST, this data is pointing towards revival in the India's rural FMCG industry.

More

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

S&P BSE SENSEX


Jun 18, 2018 (Close)

MARKET STATS