X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Weak end to the week 
(Fri, 26 Jun Closing) 
 
The weak sentiments in the Indian markets continued throughout the day with the BSE-Sensex closing lower by about 84 points, while the NSE-Nifty closed lower by about 17 points. S&P BSE Midcap and S&P BSE Smallcap ended the day on a flat note. Most sectoral indices posted losses, with capital goods and banking stocks being the top losers today.

European equities were weak again as Greek talks draw another blank. Asian markets finished broadly lower today with shares in China leading the region. The Shanghai Composite is down 7.40% while Hong Kong's Hang Seng is off 1.79% and Japan's Nikkei 225 is lower by 0.31%. The rupee wiped off its initial losses and was trading a tad strong at 63.61 against the US$.

According to a leading financial daily, Bajaj Corp is seeking shareholders' nod to raise Rs 10 bn by issuing equity shares to institutional buyers through Qualified Institutional Placement (QIP). The company would consider the proposal to raise the sum at its Annual General Meeting to be held on July 20, 2015. The company would issue securities in one or more tranches through Qualified Institutional Placements to Qualified Institutional Buyers, Global Depository Receipts and American Depository Receipts. Bajaj Corp is engaged in the manufacturing of hair oils. The company markets its hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine hair oil.

Stocks in the banking sector languished the day in red with Bank of India and PNB being the least favored. According to a leading financial daily, largest private sector lender ICICI Bank marginally reduced its base rate to 9.70% from 9.75% earlier, making its lending rate at par with industry leader SBI as well as HDFC Bank. This is the second base rate reduction by the bank since April this year. In April, it had slashed base rate by 0.25% to 9.75%. The revised rate will be effective from tomorrow. Shares of ICICI Bank ended the trading day on a negative note (down 1.46%) on the BSE.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Weak end to the week". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE BANKEX


Jul 24, 2017 (Close)

MARKET STATS