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 share markets languish in red
Mon, 24 Jun 01:30 pm

Indian share markets continued to languish in the red in the post-noon trading session. All the sectoral indices are trading in the red with realty, consumer durables and capital goods stocks being the biggest losers.

BSE-Sensex is down 150 points and NSE-Nifty is trading 49 points down. BSE Mid Cap is trading down 2% whereas BSE Small Cap index is trading down by 1.6%. The rupee is trading at 59.6 to the US dollar.

Majority of the Indian pharma stocks are trading in the red with Ranbaxy and Panacea Biotech being the biggest losers. However, Fresnius Kabi and Glenmark Pharma are among the few stocks trading in the positive. As per a leading financial daily, Cadila Healthcare's FMCG subsidiary Zydus Wellness is on the look-out to acquire brands or buy an over-the-counter (OTC) products company. The company is scouting for brands in the nutraceutical, cosmaceutical and OTC segments. The subsidiary has chalked out Rs 5 bn from its cash reserves for the buyout. Zydus has three well known brands EverYuth, Sugar Free and Nutralite in its portfolio and will launch a fourth product, Just Pure, in a week's time. Cadila Healthcare's stock is trading marginally down.

Majority of the banking PSU stocks are trading in the red with Indian Bank and Bank of Baroda leading among the pack of losers. As per a leading financial daily, Delhi High court has asked Punjab National Bank (PNB), to deposit Rs 4.5 m in the illegal fund transfer case. Reportedly, the court asked the bank to deposit the damage amount with the Register General of the High court till the final disposal of its appeal. Further, the order passed by the court came on an appeal filed by PNB against the adjudicating officer's order. This was on the complaint filed by Poona auto ancillaries under the Information and Technology act. The complaint was about the fraudulent fund transfer from its current account at PNB Pune branch in Aug 2011. As per the complaint, the amounts were transferred in 40 transactions of Rs 0.2 m and one transaction of Rs 10,000. PNB was trading down by 2.7%.

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 languish in red". Click here!


Views on News

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Market Updates)

May 14, 2021 | Updated on May 14, 2021

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

Bandhan Bank Q4 Profit Dips as Provisions Spike: What Should Investors Do? (Views On News)

May 10, 2021

Here's a rundown on the latest quarterly results of Bandhan Bank.

IDFC First Bank Profitable Again; Posts Rs 4.5 bn Net Profit (Views On News)

May 10, 2021

Here's how the bank turned a profit after posting a loss of Rs 28.6 bn in FY20.

IDBI Bank Gets Strategic Divestment Approval. What's Next? (Views On News)

May 6, 2021

Key points investors should know about IDBI Bank's strategic divestment approval.

A Great Quarter for IndusInd Bank: Can the Stock Go Up More? (Views On News)

May 3, 2021

Key takeaways from IndusInd Bank's March quarter results.

More Views on News

Most Popular

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Worst Sector in the Market (Fast Profits Daily)

May 11, 2021

The worst sector in the stock market according to the charts.

The Key to Profit from India's EV Revolution (Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.


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


May 14, 2021 03:33 PM