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?  

Sensex Tanks 491 Points, India's Rising Trade Deficit, and Top Stocks in Action
Tue, 18 Jun Pre-Open | Monish Vora, TM Team

After opening the day marginally lower, share markets in India witnessed negative trading activity throughout Monday and ended deep in the red.

All sectoral indices ended on a negative note, with stocks in the metal sector, oil & gas sector and telecom sector, leading the losses.

At the closing bell, the BSE Sensex stood lower by 491 points (down 1.3%) and the NSE Nifty closed down by 151 points (down 1.3%). The BSE Mid Cap index ended the day down 1.3%, while the BSE Small Cap index ended the day down by 1.4%.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was up by 0.4% and the Shanghai Composite stood higher by 0.2%.

Top Stocks in Action Today

Divis Laboratories share price is likely to be in focus today after the company's plant at village Chippada, Bheemunipatnam District, Andhra Pradesh has had an inspection by the USFDA from 10 June 2019 to 15 June.

This was a general cGMP inspection by the USFDA and was concluded with no form 483 observations.

--- Advertisement ---
Why Buy It For Rs 1,950 When You Could Get It Virtually FREE?

The Secrets Identifying  10X StocksTanushree's Banerjee's new hardbound book – "50 Reasons Why The Rebirth of India Is Inevitable" – is selling for Rs 1,950 on Amazon right now.

But if you act immediately, you could get a copy of it mailed to your address in India for virtually FREE.

Yes! This pathbreaking book reveals all about a once-in-2000 years phenomenon and how to profit from it.

And nearly 2,000 copies of this book have been claimed already.

So don't delay even a second more…

Find out how to grab your virtually FREE copy now!
------------------------------

Shriram Transport Finance share price will be in focus today today Piramal Enterprises share price sold its entire stake in the company via multiple block deals.

Reportedly, Fidelity, Eastspring and SBI MF are the likely buyers of the shares.

India's Trade Deficit Expands

In the news from the economy. India's trade deficit expanded to a six-month high of US$15.4 billion in May, with import growth outpacing export growth following a 37% jump in gold imports.

According to data released by the commerce ministry on Friday, exports grew 3.9% in May, while imports rose 4.3%. Exports have been in low single digits in six out of the last seven months, barring March when it grew in double digits.

Rising crude oil prices, amid sanctions on Iranian oil imports, could further increase imports and put pressure on India's current account deficit.

China's exports in May inched up 1.1%, while imports fell 8.5%, leading to a significantly higher trade surplus of US$41.7 billion.

The escalating trade war between the US and China, and rising protectionism have cast a shadow on India's prospects for higher exports.

In March, the World Trade Organization (WTO) had projected trade growth to fall from 3.9% in 2018 to 3.7% in 2019. It had cautioned that these estimates could be revised downward if trade conditions continue to deteriorate.

The International Monetary Fund also cut its global growth forecast for 2019 by 20 basis points to 3.3%, the lowest since the 2008 financial crisis, blaming the US-China trade tensions, loss of momentum in Europe and the uncertainty surrounding Brexit.

Notably, the commerce ministry is contemplating an export promotion scheme, along with a production-based support scheme, to boost Make In India as part of its 100-day action plan.

The new export promotion scheme may replace the existing Merchandise Export from India Scheme, following the US decision to challenge India's existing export subsidy schemes at the WTO.

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 "Sensex Tanks 491 Points, India's Rising Trade Deficit, and Top Stocks in Action". Click here!

  

Stock Market Updates

SIEMENS Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Jul 3, 2020 03:27 PM

SIEMENS share price is trading up by 5% and its current market price is Rs 1,154. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are SIEMENS (up 5.2%) and HINDUSTAN AERONAUTICS (up 10.3%). The top losers are HAVELLS IND (down 0.3%) and V GUARD INDUSTRIES (down 0.6%).

BHEL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.7% (Today's Market)

Jul 3, 2020 03:01 PM

BHEL share price is trading up by 5% and its current market price is Rs 39. The BSE CAPITAL GOODS is up by 1.7%. The top gainers in the BSE CAPITAL GOODS Index are BHEL (up 5.4%) and HINDUSTAN AERONAUTICS (up 10.8%). The top losers are HAVELLS IND (down 0.2%) and SADBHAV ENGINEERING (down 0.2%).

HINDUSTAN AERONAUTICS Share Price Up by 12%; BSE 500 Index Up 0.5% (Today's Market)

Jul 3, 2020 02:29 PM

HINDUSTAN AERONAUTICS share price is trading up by 12% and its current market price is Rs 862. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are HINDUSTAN AERONAUTICS (up 11.6%) and BHARAT DYNAMICS (up 11.7%). The top losers are VST INDUSTRIES and 3M INDIA .

JINDAL SAW LTD Share Price Up by 5%; BSE METAL Index Down 0.5% (Today's Market)

Jul 3, 2020 02:15 PM

JINDAL SAW LTD share price is trading up by 5% and its current market price is Rs 62. The BSE METAL is down by 0.5%. The top gainers in the BSE METAL Index is JINDAL SAW LTD (up 5.3%). The top losers are VEDANTA LTD (down 0.3%) and HINDUSTAN ZINC (down 0.4%).

Sensex Trades in Green; Bajaj Auto & Bharti Airtel Top Gainers (Today's Market)

Jul 3, 2020 12:30 pm

The BSE Sensex is trading up by 189 points, while the NSE Nifty is trading up by 58 points.

BHARAT ELECTRONICS Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Jul 3, 2020 11:49 AM

BHARAT ELECTRONICS share price is trading up by 5% and its current market price is Rs 94. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are BHARAT ELECTRONICS (up 5.2%) and HINDUSTAN AERONAUTICS (up 8.3%). The top losers are AIA ENGINEERING (down 0.2%) and V GUARD INDUSTRIES (down 0.3%).

View More Indian Share Market News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

More

India's #1 Trader
Reveals His Secrets

The 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

S&P BSE SENSEX


Jul 3, 2020 (Close)

MARKET STATS