Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

Indian stock markets tumble down
Thu, 11 Jun 01:30 pm

After opening the day in green, the Indian Indices gave up their early gains and are trading negatively in the post noon trading session. All sectoral indices are trading on a weak note with the banking and auto indices leading the losses.

The BSE-Sensex is trading down 272 points (down 1%) and the NSE-Nifty is trading down 90 points (down 1.1%). The BSE Mid Cap index is trading down by 0.8% while the BSE Small Cap index is trading lower by 0.6%. Gold prices, per 10 grams are trading at Rs 26,930 levels. Silver price, per kilogram, is trading at Rs 36,612 levels. Crude oil is trading in green with a gain of 0.8% or Rs 33 and is trading at Rs 3,920 per barrel. At the time of writing, the rupee stood at 63.92 to the US dollar.

Stocks in the banking sector are trading on a negative note with Yes Bank and Karnataka Bank witnessing maximum selling pressure. As per a leading financial daily, Life Insurance Corporation of India (LIC) has picked up an additional 2% stake in Yes Bank which is worth about Rs 7 bn at current market prices. The shares were bought between August 29, 2013 and June 8, 2015. This 83.91 lakh shares or a little over 2% of the paid up capital was bought through open market transaction. Prior to this, LIC was holding 6.31% stake in Yes Bank. Post acquisition the holding has increased to 8.36%. Currently, stock of Yes Bank is trading down by 2.6%.

ICICI Bank, India's largest private sector lender, has decided to raise Rs 500 bn through private placement of securities including bonds and non-convertible debentures (NCDs). This is half the amount of what the bank has planned to raise earlier. For this the bank is seeking the approval by shareholders for its fund raising plans at the AGM which is going to be held on June 29. The bank has already borrowed Rs 68 bn by issue of NCDs on a private placement basis since the earlier AGM. For the quarter ended March 31, 2015, the bank reported an increase in its net profit by 10.2% on a YoY (year on year) basis. Stock of ICICI Bank is trading down by 1.4%.

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 stock markets tumble down". Click here!


Views on News

Inflation & Your Investments (Fast Profits Daily)

Mar 4, 2021

Inflation is the buzz word in the world of finance these days. It impacts all of us. Here's how it affects your investments.

What India's Positive GDP Reading Means for Your Equity Mutual Fund Investments (Outside View)

Mar 4, 2021

Given the risks involved, we may witness a sort of 'W-shaped' recovery wherein we would dip again before moving up, explains Rounaq Neroy in this edition of the Daily Wealth Letter.

I'm Back to Where It All Started (Profit Hunter)

Mar 4, 2021

Join us in welcoming research analyst, Aditya Vora, to Equitymaster.

Dollar at 80? (Fast Profits Daily)

Mar 3, 2021

Can the rupee depreciate to 80 against the US dollar? In this video, I'll show you what the charts say.

Motilal Oswal Asset Allocation Passive Fund of Fund: Aims to Benefit from Investing in Multi-Asset Passive Funds (Outside View)

Mar 3, 2021

PersonalFN analyses the features of Motilal Oswal Asset Allocation Passive Fund of Fund and explains the potential this fund has to offer to its investors.

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...


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


Mar 4, 2021 (Close)