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  
Realty stocks lead the downfall 
(Fri, 6 Jul 11:30 am) 
 
Indian equity markets continues to trade weak over the last two hours of trade. FMCG and Auto stocks witnessed maximum buying interest, while realty and metal stocks witnessed maximum selling pressure.

The Sensex today is down by 66 points, while the NSE-Nifty today is down by 25 points. BSE Mid Cap index and the BSE Small Cap index are down by 0.45% and 0.27%. The rupee is trading at 55.30 to the US dollar.

Energy stocks are trading in the red led by Gas Authority Of India Ltd. (GAIL) India and Oil India. According to a leading financial daily, Oil and Natural Gas Corporation Ltd. (ONGC) is planning to sell around 35% of its stake in four of its coal-bed methane (CBM) blocks. The company will offload its stake to the bidders for a certain financial consideration and production sharing at a later stage. The stake could be sold as a consortium or on an individual basis. UK-listed Great Eastern Energy Corporation Ltd (GEECL) and Brisbane-based Dart Energy, in addition to Essar Energy, have bid for the stake. ONGC holds four CBM blocks in Jharia, Bokaro and Karanpura, all of which are in Jharkhand and Raniganj in West Bengal. It has an incidental production of 8,000-10,000 mscmd (million standard cubic metres per day) from the Jharia block of Dhanbad district.

Automobile stocks are trading mixed. The list of gainers includes Tube Investments and Eicher Motors. However, TVS Motors and Force Motors are among the losing stocks. According to a leading financial daily, Mahindra & Mahindra's (M&M) subsidiary Mahindra South Africa (MSA) has been doing well and has become the fastest growing automobile brands in South Africa in terms of sales growth in the passenger car and light commercial vehicle (LCV) segments. As per RGT Smart, automotive market intelligence company, sales grew by 124% over first 5 months of the year. Its closest competitor Jaguar's sales grew by 94%. Passenger car sales recorded highest growth numbers of 245% with no of units up from 180 to 628. In the LCV segment which grew by 84%, Mahindra holds third position.

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 "Realty stocks lead the downfall". 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 SENSEX


Aug 18, 2017 (Close)

MARKET STATS