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 into the red
Tue, 10 Jun 09:30 am

The major Asian stock markets have opened on a mixed note with stock markets in Japan (down 0.5%) and Singapore (down 0.4%) leading the losses. However, stock markets in Hong Kong (up 0.4%) and Korea (up 0.7%) have opened in the green.

The Indian share markets have opened the day on a weak note. The sectoral indices have opened mixed with the stocks in the realty and power sector leading the losses. However, stocks in the software and healthcare segment have opened in the green.

The Sensex today is down by around 194 points (0.8%), while the NSE-Nifty is down by 57 points (0.7%). The midcap and smallcap stocks have also opened in the red with BSE Mid Cap and BSE Small Cap indices down by around 1.5% each. The rupee is currently trading at Rs 59.31 to the US dollar.

Mining stocks have opened the day mainly in the red with Gujarat NRE Coke Ltd and Manganese Ore (India) Ltd leading the losses. The Government is likely to pursue reformsin the coal sector by allowing private firms to mine and sell the coal. It is important to note here many companies are forced to import the fuel despite the huge reserves of coal in India. While India has an estimated coal reserves of over 250 billion tonnes, Coal India that produces around 85% of the fuel mined in the country, is not able to exploit the same due to capacity and technical constraints. Currently, the private firms are allowed to mine coal only for captive use and are barred from selling the same in the open market.

Auto stocks have opened the day mainly in the red with Ashok Leyland Ltd and Escorts Ltd leading the losses. As per a leading financial daily, Tata Motors Ltd is working on a new small car, codenamed 'Kite'. The same is likely to compete with brands such as the Maruti Celerio and Ford's new Figo. The new car, placed between Nano and Indica, is likely to be launched in late 2015 and will be rolled out from the company's Sanand plant in Gujarat. Out of the installed 2, 50,000 cars per annum at Sanand, the new product is expected to consume 1, 50, 000 units a year. The new launch is likely to help the company strengthen its position in the compact car segment that accounts for 30% of the total passenger cars sold in India.

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 into the red". Click here!

  

Related Views on News

TATA MOTORS Announces Quarterly Results (2QFY20); Net Profit Up 117.4% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, TATA MOTORS has posted a net profit of Rs 2 bn (up 117.4% YoY). Sales on the other hand came in at Rs 654 bn (down 9.3% YoY). Read on for a complete analysis of TATA MOTORS's quarterly results.

TATA MOTORS Announces Quarterly Results (1QFY20); Net Profit Down 58.4% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, TATA MOTORS has posted a net profit of Rs 34 bn (down 58.4% YoY). Sales on the other hand came in at Rs 615 bn (down 8.4% YoY). Read on for a complete analysis of TATA MOTORS's quarterly results.

TATA MOTORS 2018-19 Annual Report Analysis (Annual Result Update)

Jul 5, 2019 | Updated on Jul 5, 2019

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

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.

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

5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS