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?  

Mid cap & small cap buck trend
Wed, 10 Jul 01:30 pm

As weakness persisted in index heavyweights, Indian share markets continued to trade below the dotted line in the post-noon trading session. Majority of the sectoral indices are trading in the red with FMCG, auto and oil and gas stocks being the biggest losers. However, consumer durables, pharma and banking stocks are trading in the green.

BSE-Sensex is down 37 points and NSE-Nifty is trading 4 points down. BSE Mid Cap is trading up 0.2%, whereas BSE Small Cap index is trading up by 0.3%. The rupee is trading at 60.1 to the US dollar.

Energy stocks are trading mixed with Jindal Drill and Petronet LNG being the major gainers and Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) being the biggest losers. As per a leading financial daily, Reserve Bank of India (RBI) has issued orders to state-owned oil companies namely Indian Oil Corporation, HPCL, BPCL and Mangalore Refineries to purchase their daily dollar requirements from a single public sector bank. The move is aimed to curb volatility in exchange rate in the light of steep depreciation in the rupee against the US dollar. Reportedly, the state oil refineries, who are the biggest buyers of US dollars, have agreed to implement the RBI order with immediate effect.

Automobile stocks are trading mixed with Tube Investments and TVS Motors being the leading gainers while Mahindra Scooters and Tata Motors are the biggest losers. As per a financial daily, the Supreme Court has asked Tata Motors, to make its stand clear on the leasehold rights over the Singur land at West Bengal. The said land was acquired by the company for manufacturing Nano cars. However, due to various political issues raised on the said project, the Tatas moved the Nano project to Sanand in Gujarat. With the land at Singur, remaining unutilized, the Supreme Court wants Tatas to return the land to the farmers. Reportedly, the court has asked Tata's counsel to get back to the court with an answer on returning the land back to farmers by 6th August 2013. Tatas had taken this land on 90 years lease and claim to have paid around 90% of compensation to farmers. Tata Motors' stock was trading down by 1.3%.

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 "Mid cap & small cap buck trend". Click here!


Related Views on News

TATA MOTORS Announces Quarterly Results (2QFY20); Net Profit Up 117.4% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, TATA MOTORS has posted a net profit of Rs 2 bn (up 117.4% YoY). Sales on the other hand came in at Rs 654 bn (down 9.3% YoY). Read on for a complete analysis of TATA MOTORS's quarterly results.

TATA MOTORS Announces Quarterly Results (1QFY20); Net Profit Down 58.4% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, TATA MOTORS has posted a net profit of Rs 34 bn (down 58.4% YoY). Sales on the other hand came in at Rs 615 bn (down 8.4% YoY). Read on for a complete analysis of TATA MOTORS's quarterly results.

TATA MOTORS 2018-19 Annual Report Analysis (Annual Result Update)

Jul 5, 2019 | Updated on Jul 5, 2019

Here's an analysis of the annual report of TATA MOTORS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TATA MOTORS. Also includes updates on the valuation of TATA MOTORS.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...


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


Mar 3, 2021 (Close)