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?  

A Dull Start to the Week
Mon, 13 Jun Closing

Asian markets finished their session on a negative note as of the most recent closing prices. Stock markets in Japan and Hong Kong ended the day lower by 3.51% and 2.52% respectively. At the time of writing, most of the European markets too were trading in the red. The FTSE 100 was down by 0.65%, France's CAC 40 was down 1.32% and Germany's DAX was down by 1.31%. Markets in the US were also trading in the red with the Nasdaq Composite down by 1.29%. The rupee was trading at Rs 67.14 to the dollar at the time of writing.

Back home, Indian equity markets went on to continue their downward trend and closed the day in the red. Stocks from sectors such as telecom, realty and banking led the losses. The BSE Sensex ended the day lower by 239 points (down 0.9%), while the NSE Nifty ended lower by about 59 points (down 0.7%). The BSE Mid Cap ended lower by 0.5%, while the BSE Small Cap closed lower by 0.4%.

Stocks in the finance space closed the day on a negative note with Prime Securities and IIFL Holdings witnessing maximum selling pressure. As per a leading financial daily, Housing Development Finance Corporation (HDFC), the country's largest mortgage lender, is going to raise Rs 10 billion by issuing debentures.

The capital is being raised to fund the company's growth. The proceeds of the issue would be utilized for financing/refinancing the housing finance business requirements of the corporation.

The issue for subscription will be open for a day on 15th June. The debt instruments - secured redeemable non-convertible debentures - will carry a coupon rate of 8.46% per annum.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. To know our view on HDFC, you can read our result analysis (subscription required).

HDFC closed the day down by 1.6%.

In another news update, National Thermal Power Corporation (NTPC) traded surplus power from its four thermal power stations at the Indian Energy Exchange (IEX). This is the first time that the company has traded electricity at the IEX. Earlier, it was prohibited by the power ministry.

In-case the states do not wish to utilse the power, the same remains un-requisitioned and unsold. To facilitate better utilization of such un-requisitioned power, the power ministry allowed the central generating companies to trade their unsold power.

Reportedly, other companies such as NHPC is also expected to participate in the market to sell their unsold power on the IEX.

NTPC ended the day lower by 1.6% today.

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 "A Dull Start to the Week". 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


Jan 19, 2018 (Close)