X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Indian Indices Extend Losses; Healthcare Sector Down 3.4%
Tue, 23 May 11:30 am

After opening the day marginally lower, the Indian share markets witnessed losses and went on to trade in the red. Sectoral indices are trading on a negative note with stocks from the healthcare sector and the realty sector witnessing maximum selling pressure.

The BSE Sensex is trading down 166 points (down 0.5%) and the NSE Nifty is trading down 50 points (down 0.5%). Meanwhile, the BSE Mid Cap index is trading down by 1.8%, while the BSE Small Cap index is trading down 2.2%. The rupee is trading at 64.75 to the US$.

Indian share markets are trading on a cautious note today following mixed global cues. Most of the volatility is seen on the back of a terror attack in the UK, F&O expiry, and quarterly result announcements.

On the sectoral front, banking stocks are witnessing selling pressure today. Losses are expected as the Reserve Bank of India (RBI) said that it will increase the number of members in the oversight committee which presides over the restructuring proposals.

The central bank, in its action plan to implement the Banking Regulation (Amendment) Ordinance, 2017, also said that it will expand the scope of the committee beyond the so-called scheme for sustainable structuring of stressed assets (S4A).

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.

The RBI, however, delayed the decision on which cases will be taken to the bankruptcy courts, instead saying that it will constitute a panel comprising mostly of its independent board members to advise in the matter.

One shall note that the above measures are initiated to solve the rising menace of bad debts and willful defaulters. Gross NPAs have risen at an alarming rate over the past 1 year, as can be seen from the chart below:

Bad Loans Inventory Bloats Up

In other news, the government is considering allowing 100% foreign direct investment (FDI) in multi-brand retail, as long as the products are made in India. The final decision on the above development will be taken after wider consultation.

If implemented, the above policy would mean multinational supermarket chains will no longer able to sell imported items.

Local supermarkets, on the other hand, will have an advantage to provide more choice to consumers than supermarkets as they will be allowed to sell imported items as well.

How the above proposals pan out remains to be seen. We will keep you posted on the developments in this space.

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 Extend Losses; Healthcare Sector Down 3.4%". Click here!

  

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 21, 2017 (Close)

MARKET STATS