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 markets continue to slide
Wed, 7 May 11:30 am

After opening in the red, the Indian Indices have continued the downward trend in the last two hours of trading. Selling is witnessed in IT and metal stocks; while Engineering and Oil & Gas are leading the gainers.

The BSE-Sensex is trading down 90 points and the NSE-Nifty is trading down 28 points. The BSE Mid Cap index is trading up 0.5% and the BSE Small Cap index is trading up 0.4% today. The rupee is trading at 60.05 to the US dollar.

Automobile stocks are trading mixed today. Escorts and Eicher Motors Ltd are leading the gainers. TVS Motors and Bajaj Auto are leading the losers. According to a survey by JD Power; an American market research firm, the Indian tractor market is going to grow at a compounded annual growth rate of 8-9% for the next five years. As per the research, lower penetration levels will be the main catalysts for growth. Also, the growth will lead to increase in demand for foreign tractors. A key finding of the survey is that at least 80% of the farmers conveyed that they will consider buying a different brand of tractor than they currently owned. This will boost sales of foreign manufacturers such as Kubota Case New Holland, AGCO and John Deere. In turn, it may also pose stiff competition to domestic manufacturers such as Mahindra & Mahindra, Escorts Ltd and Tata Motors.

FMCG stocks are trading mixed today. Bata India and Marico Ltd are leading the gainers. Emami Ltd and Godrej Consumer are leading the losers. Dabur India Ltd. has planned a capex of Rs 3.5 bn on capacity expansion for FY15. The company expects the consumer market to come out of the downtrend in the next two quarters. The capex will be Dabur's largest manufacturing investment in a single financial year and is double fold as compared to its average annual capex of Rs 1.5-2 bn. The company aims to use the capex to focus on innovation and expansion of business across categories and geographies. Dabur is trading flat 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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian markets continue to slide". Click here!

  

Related Views on News

DABUR Announces Quarterly Results (3QFY21); Net Profit Up 23.7% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, DABUR has posted a net profit of Rs 5 bn (up 23.7% YoY). Sales on the other hand came in at Rs 27 bn (up 16.0% YoY). Read on for a complete analysis of DABUR's quarterly results.

DABUR Announces Quarterly Results (2QFY21); Net Profit Up 19.8% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, DABUR has posted a net profit of Rs 5 bn (up 19.8% YoY). Sales on the other hand came in at Rs 25 bn (up 13.7% YoY). Read on for a complete analysis of DABUR's quarterly results.

DABUR 2019-20 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of DABUR for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of DABUR. Also includes updates on the valuation of DABUR.

DABUR 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

Here's an analysis of the annual report of DABUR for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of DABUR. Also includes updates on the valuation of DABUR.

More Views on 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.

Intraday Trading for a Living (Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

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.

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 AUTO


Feb 26, 2021 (Close)

S&P BSE AUTO 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS