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?  

Indian Markets open deep in red
Fri, 26 Jun 09:30 am

The major Asian stock markets have opened the day on a negative note with markets in Hong Kong (down 1.5%) and China (down 4%) leading the losses. The US and European stock markets have also closed their session on a negative note.

Indian markets have opened the trading session on a negative note today. BSE Sensex is trading lower by 132 points (down 0.5%) and NSE-Nifty is trading lower by 38 points (down 0.5%). BSE Mid Cap and BSE Small Cap indices are trading down by 0.5% and 0.3% respectively. Among the sectoral indices, energy and mining are the leading losers while software stocks are leading the gains. The rupee is trading at 63.63 per US dollar.

As per a leading financial daily, Reserve Bank of India (RBI) has reported concerns for Indian Banks in its Financial Stability Report. RBI stated that a whopping 530 bn exposure of Indian Banks to seven state electricity boards (SEBs) has a very high probability of turning into non-performing assets (NPAs) in the quarter ending September. These loans were restructured in 2012, with a three year moratorium for the principal amount of Rs 430 bn. If the distribution companies fail to pay Interest and/or principal by June 30, these will turn into NPAs. On a separate note, RBI also reported that gross NPAs for steel and iron sector have grown from 4.8% in March 2013 to 7.1% in March 2015.

Stocks in the automobile sector have opened the day on a mixed note. As per financial times, Bajaj Auto is ramping up monthly production of the new sports bike Pulsar RS200 by over two-fold. This will be at 4,000 units in the next two months. The bike, priced at Rs 1.18 lakh was launched in March and is averaging monthly sales of 1,700 units. The company stated that Pulsar RS200 along with bikes from sister concern KTM will help the company enhance its position in the 'super sports' segment. The company as of May, 2015 has a market share of 56% compared with just 13% in FY13. Stock of Bajaj Auto has opened the day on a negative note.

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 "Indian Markets open deep in red". 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


Mar 16, 2018 (Close)