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 share markets slip in red
Mon, 3 Jun 11:30 am

Indian share markets have slipped in red during the previous two hours of trade. IT and healthcare sectors are leading the gains while auto and oil and gas are facing the maximum selling pressures.

The BSE-Sensex is down by 113 points and NSE-Nifty is down by 38 points. BSE Mid Cap index is up by 0.1% while BSE Small Cap index is flat. The rupee is trading at 56.56 to the US dollar.

All but two IT shares, Infosys Ltd and Oracle Financial Services are trading in red. Infosys, the country's second largest software company has re-appointed N R Narayana Murthy as its executive chairman with effect from June 1, 2013. K V Kamath would step down from his position as Chairman of the Board and take up the position of Lead Independent Director with effect from June 1, 2013. Murthy's election as a Director would be placed for the consideration of the company's shareholders in the Annual General Meeting (AGM) on June 15, 2013. Subject to his election as a director at the AGM, the Board would take up in its meeting on June 15, 2013, the resolutions for convening an extraordinary general meeting, in order to seek approval from the shareholders for appointing him as the Executive Chairman and Whole-time Director for a period of five years commencing on June 1, 2013. In order to function more effectively Narayana Murthy intends to create the Chairman's office to assist him during his tenure and has requested the Board to permit him to put together a team for this function. The team would include his son, Rohan Murthy, as Narayana Murthy's executive assistant.

PSU banks shares are trading on a mixed note with Bank of Baroda and Punjab and Sind Bank leading the gains while UCO Bank and Bank of Maharashtra are leading the losses. Private Banks shares are also trading on a mixed note with Yes Bank and J&K Bank leading the gains while South Indian Bank and Indusind Bank are leading the losses. According to a leading financial news medium, State Bank of India (SBI), the country's largest lender is planning to offer funds to Indian companies looking to use Mauritius as a gateway for investments in Africa. SBI Mauritius, a foreign subsidiary of SBI, began operations as a joint venture with the country's local banking major, State Bank of Mauritius (SBM). With this initiative, the company aims to boost its expansion plans. The bank has 15 branches and 19 ATMs in this small island nation. It operates in both offshore and local banking segments, servicing retail, corporate and SME clients. The same financial news medium also reports that ICICI Bank, country's largest private sector lender is working on a plan to offer exclusive lending facility for businesses and people working in the areas of clean energy and energy efficiency. The bank will be the first bank among all other banks in the country, which is taking this pro-environment initiative. SBI's share is trading up by 0.4%. ICICI Bank's share is trading down by 1%.

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 share markets slip in red". Click here!

  

Related Views on News

INFOSYS Announces Quarterly Results (3QFY21); Net Profit Up 16.8% (Quarterly Result Update)

Jan 14, 2021 | Updated on Jan 14, 2021

For the quarter ended December 2020, INFOSYS has posted a net profit of Rs 52 bn (up 16.8% YoY). Sales on the other hand came in at Rs 259 bn (up 12.3% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

INFOSYS Announces Quarterly Results (2QFY21); Net Profit Up 20.3% (Quarterly Result Update)

Oct 15, 2020 | Updated on Oct 15, 2020

For the quarter ended September 2020, INFOSYS has posted a net profit of Rs 49 bn (up 20.3% YoY). Sales on the other hand came in at Rs 246 bn (up 8.6% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

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

Aug 5, 2020 | Updated on Aug 5, 2020

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

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

May 21, 2019 | Updated on May 21, 2019

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

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.

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.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

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...

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

INFOSYS SHARE PRICE


Mar 2, 2021 03:36 PM

TRACK INFOSYS

  • Track your investment in INFOSYS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE INFOSYS WITH

MARKET STATS