Sensex Ends 262 Points Lower; Metal & Realty Stocks Fall

Tue, 19 Jun Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   12:30 pm   

Indian share markets ended lower today amid weak global cues. At the closing bell, the BSE Sensex finished lower by 262 points and the NSE Nifty finished down by 89 points. Meanwhile, the S&P BSE Midcap Index ended down by 1% while S&P BSE Small Cap Index ended down by 1.3%.

All sectoral indices ended the day in red with metal stocks and realty stocks leading the losses.

Globally, Asian stock markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 3.8% while Hong Kong's Hang Seng is off 2.8% and Japan's Nikkei 225 is lower by 1.8%. European markets are broadly lower today with shares in Germany off the most. The DAX is down 1.6% while France's CAC 40 is off 1.3% and London's FTSE 100 is lower by 0.7%.

The rupee was trading at Rs 68.15 against the US$ in the afternoon session.

It's been almost five & a half months of 2018.

While the BSE-Sensex has increased marginally so far, the mid and small cap indices have fallen between 10% and 12%.

Uncertain Times for the Benchmark Index

But that's just the indices. Individual mid and small caps have fallen much more.

The steep fall in these indices is due to several reasons.

First, there has been some profit-booking in the mid and small cap space. After all, these indices were sharp outperformers in 2017. Second, rising crude oil prices and a falling rupee have taken a toll.

And third, there is some pressure in this space due to the re-alignment of investments by mutual fund managers prompted by the recent changes in regulation.

In such an environment, it makes sense for investors to be selective while buying stocks. Focus on value and the underlying fundamentals of the business. Then, they need not worry about the market.

So, what is key to identifying potential multibagger stocks? How does one pick them at the right time and ride them to their full potential? How many multibaggers do you really need to achieve the big riches that you desire?

Most importantly, are there any stocks right now that could turn out to be multibaggers? Click here to know everything that you need to know right now about mutlibagger stocks...

In the news from the pharma sector. As per an article in a leading financial daily, Dr. Reddy's Laboratories has launched Levetiracetam in Sodium Chloride Injection, 500 mg/100 mL (5 mg/mL), 1,000 mg/100 ml (10 mg/mL), and 1,500 mg/100 mL (15 mg/mL) single-dose infusion bags.

It is a therapeutic equivalent generic version of HQ Specialty Pharma Corporation's Levetiracetam in Sodium Chloride Injection, approved by the US Food and Drug Administration (USFDA).

The Levetiracetam in Sodium Chloride Injection brand and generic had US sales of approximately US$37 million MAT for the most recent twelve months ending in April 2018 according to IMS Health.

Meanwhile, Zydus Cadila has received the tentative approval from the USFDA to market Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg and 20 mg.

It is used to treat erectile dysfunction (impotence) and symptoms of benign prostatic hypertrophy (enlarged prostate). It will be manufactured at the group's manufacturing facility at Moraiya, Ahmedabad.

The group now has more than 195 approvals and has so far filed over 330 ANDAs since the commencement of the filing process in FY 2003-04.

Dr. Reddy's share price & Cadila Healthcare's share price ended up by 0.2% & 2.2% respectively.

Moving on to the news from bank sector. According to the data released by the Reserve Bank of India (RBI), the credit of scheduled commercial banks (SCBs) recorded sequential (Q-o-Q) growth of 3.4% in Q3 (October-December) of 2017-18. The growth came on the back of better performance by private sector banks and an uptick in industrial credit after moderating for two successive quarters.

According to the report, bank's credit stood at Rs 80.6 trillion in Q3FY18 as compared to Rs 78 trillion reported in the preceding quarter.

It noted that the growth was broad-based across all population groups as well as for all major occupations. It also indicated that among bank groups, private sector banks continued to grow in double rate in their loan portfolio and led the overall credit growth.

The report further highlighted that private banks' credit offtake grew 4.9% in the December 2017 quarter, while public sector banks loans rose much lower by 3%. It showed that credit to the household sector recorded sustained growth and its share in total credit stood at 47.3%.

Further, the weighted average lending rate moderated by 18 basis points during the quarter and stood at 10.4% at end of December.

The rise in bank credit growth will be positive for India's banking sector facing lower loan demand and severe capital constraints.

Over the past five years, private capex was stalled because of high leverage and weak capacity utilization levels.

We are seeing the early signs of revival in the capacity expansion of the private sector.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers