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?  

Banks, auto snap winning streak
Thu, 2 Jun Closing

With any concerted effort towards breaking into the positive absent in the closing stages, benchmark indices in the Indian stock market closed the day in the negative. In the process, it also put an end to the two day winning streak. Thus, BSE-Sensex closed lower by around 115 points whereas losses on the NSE-Nifty came in at around 40 points. BSE Midcap and BSE Small cap indices were not spared either as both of them lost in the region of 0.7% today. On the Sensex, two stocks declined for every one that closed the day in the positive. Banking and auto heavyweights in particular exerted the maximum pressure on the index.

While most Asian stocks closed lower today, Europe too is trading in the red currently. Rupee was trading at Rs 45 to the dollar at the time of writing.

Titan Industries, one of India's largest watch and jewellery makers is looking to merge one of its wholly owned subsidiaries, Titan Properties with itself. This would be pursuant to a scheme of amalgamation filed with the Madras High Court. Titan Properties has achieved the objectives for which it was formed and has decided against undertaking further development activities and this is the reason it now wants to merge itself with the parent company. It should be noted that the company was incorporated to develop a township near Hosur for the employees of Titan Industries. Titan has a factory at Hosur that manufactures jewellery for Tanishq. If successful, this would be the second merger in a short span of time for the company as it merged the jewellery division Tanishq with itself in March this year. The stock of Titan closed flat on the bourses today.

Recently, we talked about how cement major ACC was able to post robust sales numbers for the month of May. However, it appears that this buoyancy has not rubbed off on other cement majors in the country. Atleast not on Ultratech and Ambuja Cements. As per reports, both these companies have witnessed a drop in despatches for the month of May over corresponding previous month. While Ultratech's despatches have suffered a fall of 4%, the same for Ambuja have come lower by 6.5%. As a result of this, most of the cement stocks closed weak today. Already, cement realisations are under pressure this fiscal on account of widening demand supply gap. With despatches also playing truant, it could well be a double whammy for the sector companies.

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 "Banks, auto snap winning streak". Click here!

  

Stock Market Updates

Sensex Trades Over 200 Points Higher; Dow Futures Up by 37 Points (Today's Market)

Mar 8, 2021 12:30 pm

BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.

Indian Share Markets Open Higher; GAIL & ONGC Surge 5% (Today's Market)

Mar 8, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

ONGC at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

GRINDWELL NORTON at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

ASTRAL POLY TECHNICK at All Time High; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

ASTRAL POLY TECHNICK share price has hit an all time high at Rs 2,332 (up 3.6%). The BSE CAPITAL GOODS Index is up by 1.4%. Among the top gainers in the BSE CAPITAL GOODS Index today are ASTRAL POLY TECHNICK (up 3.6%) and HONEYWELL AUTOMATION (up 2.5%). The top losers include KALPATARU POWER (down 0.8%).

BEML Share Price Up by 12%; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

BEML share price is trading up by 12% and its current market price is Rs 1,311. The BSE CAPITAL GOODS is up by 1.4%. The top gainers in the BSE CAPITAL GOODS Index is BEML (up 11.7%). The top losers is KALPATARU POWER (down 0.8%).

View More Indian Share Market 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.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.

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 SENSEX


Mar 8, 2021 (Close)

MARKET STATS