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
  • MyStocks


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

Indian equity markets trade weak
Fri, 8 Jun 11:30 am

Indian equity markets continued to trade weak over the last two hours of trade. IT and consumer durables stocks witnessed maximum selling pressure, while capital goods and realty stocks witnessed maximum buying interest.

The Sensex today is down by 75 points, while the NSE-Nifty today is down by 24 points. BSE Mid cap index is down by 0.1% while the BSE Small cap index is up by 0.24%. The rupee is trading at 55.23 to the US dollar.

Steel stocks are trading weak. SAIL and Tata Steel are the biggest gainers while JSW Steel and Jindal Steel are the biggest losers. According to a leading financial daily, SAIL has entered into a 50:50 joint venture (JV) with Japan's Kobe Steel for producing 0.5 million tonne per annum (mtpa) of iron nuggets at Durgapur plant in West Bengal. The joint venture would use Iron Making Technology Mark-3 (ITmk3) for producing iron nuggets from iron ore fines and non-coking coal to use in steel-making electric arc furnaces (EAFS). SAIL and Kobe Steel had also signed a memorandum of understanding (MOU) in November 2010 for setting up a 1.2 mtpa gas-based steel plant to produce steel for the auto sector.

Engineering stocks are trading strong led by Bharat Electric and Jain Irrigation. According to a leading financial daily, Larsen and Toubro (L&T) has submitted a request for qualification (RFQ) and financial bid to the state-run Maharashtra State Road Development Corporation (MSRDC) for the western coast and coast water transport projects. According to the bid, the contractor would construct jetties and related infrastructure for operation of boat services. The project is being implemented on cash on contract basis, wherein the state undertaking would shell out funds and the contractors would complete the construction of jetties. Nagarjuna Construction Company, J Kumar, Simplex, Pratibha Industries, Supreme BBM, JMC and Unity Infrastructure are the other bidders for the project.

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 equity markets trade weak". Click here!


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


Mar 16, 2018 (Close)