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

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?  

Sensex Opens Marginally Lower; Healthcare Stocks Witness Selling
Mon, 16 Jul 09:30 am | Monish Vora, TM Team

Asian shares are trading on a mixed note today. The Nikkei 225 is up 1.8% while the Hang Seng is down 0.2%. The Shanghai Composite is trading down by 0.5%.

Back home, India share markets opened the day marginally lower. The BSE Sensex is trading down by 32 points while the NSE Nifty is trading down by 26 points. The BSE Mid Cap index is trading down by 0.9%, while the BSE Small Cap index has opened the day down by 1%.

Sectoral indices have opened the day on a negative note with realty stocks and healthcare stocks witnessing maximum selling pressure.

The rupee is trading at 68.55 to the US$.

As per a leading financial daily, monthly collections through mutual fund's systematic investment plans (SIP) in June this year rose by Rs 2,500 million over the month of May to touch a record high of Rs 75.5 billion.

Note that investments through SIPs have been rising steadily for the past couple of years except when it dipped marginally from Rs 71.1 billion in March 2018 to Rs 66.9 billion in April 2018.

Also, investors have deposited Rs 1.4 lakh crore into mutual fund schemes in the April-June quarter of this fiscal. This represents a surge of 43% from the year-ago period. The rise here was driven by strong participation from retail investors.

--- Advertisement ---
Rich Investors Will Hate Me For What I am About to Reveal...

Not many people know this…

But not only is it legal to 'steal' stock ideas from big, institutional investors…

A few years ago, the authorities actually made it easier for small investors to do just that!

This regulatory decision started it all off.

Now the average investor can ride along as institutional investors make bets of hundreds of crores…

And claim returns that are just as good - if not better!

Regulation-31 makes this possible - read all about it here.

These inflows helped in pushing the asset base of the mutual fund industry to Rs 23.4 lakh crore at the end of June this year, which represents an increase of 20% on a YoY basis.

The above data points also present the changing scenario in Indian stock markets as regards to foreign investors and retail domestic investors.

Look at the chart below...

The blue line plots the annual net equity investment by foreign investors, while the red line represents the net equity investments by mutual funds.

Foreign Investors No More in the Driver's Seat

Between FY01 and FY15, the blue line (foreign investors) is consistently above the red line (mutual funds), except in the financial year 2008-09 (FY09). That was the only year in the 15-year period when mutual funds were net buyers in the face of an exodus by foreign investors in the aftermath of the global financial crisis.

But the dominance of foreign investors has been challenged since FY16. The net investments by mutual funds have exceeded foreign investor inflows in two of the last three financial years.

This is the reason why markets have remained relatively buoyant despite the heavy selling by foreign investors in recent months. Had it not been for the steady domestic investor inflows, the markets would have been in a deep correction.

In the news from automobile space, Tata Motor share price is in focus today. Shares of the company are witnessing selling pressure as Moody has downgraded the corporate family rating of the automobile company.

As per the news, Moody's Investors Service has downgraded the corporate family rating (CFR) for Tata Motors to Ba2 from Ba1 and has also downgraded the company's senior unsecured instrument ratings to Ba2 from Ba1. However, the rating outlook is remain stable.

Kaustubh Chaubal, Moody's Vice President and Senior Credit Officer, said that the downgrade to Ba2 reflects our expectation of continued weakness in company's consolidated credit metrics over the next two years, led by its wholly owned subsidiary Jaguar Land Rover Automotive Plc (JLR, Ba2 stable).

At the time of writing, Tata Motors share price was trading down by 1.8%.

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 "Sensex Opens Marginally Lower; Healthcare Stocks Witness Selling". Click here!


Stock Market Updates

The BSE OIL & GAS Index Down 2% ; BPCL Among Top Losers (Today's Market)

Oct 22, 2018 03:22 PM

The BSE OIL & GAS Index Down at 13,245 (down 2.5%). Among the top losers in the BSE OIL & GAS Index today are BPCL, RELIANCE IND. and ONGC. Meanwhile, the BSE Sensex has plunged 0.6% to 34,749.

FUTURE LIFESTYLE Plunges by 5%; BSE 500 Index Down 0.8% (Today's Market)

Oct 22, 2018 03:20 PM

FUTURE LIFESTYLE share price has plunged by 5% and its current market price is Rs 390. The BSE 500 is down by 0.8%. The top gainers in the BSE 500 Index are INDIABULLS HOU. FIN. (up 9.3%) and THE INDIAN HOTELS (up 4.2%). The top losers are FUTURE LIFESTYLE (down 5.3%) and ISGEC HEAVY ENG. (down 6.4%).

INOX LEISURE Plunges by 7%; BSE 500 Index Down 0.7% (Today's Market)

Oct 22, 2018 03:12 PM

INOX LEISURE share price has plunged by 7% and its current market price is Rs 242. The BSE 500 is down by 0.7%. The top gainers in the BSE 500 Index are INDIABULLS HOU. FIN. (up 8.7%) and UNITECH (up 4.2%). The top losers are INOX LEISURE (down 6.7%) and HEG LTD (down 5.0%).

HEG LTD Plunges by 5%; BSE CAPITAL GOODS Index Down 0.7% (Today's Market)

Oct 22, 2018 03:12 PM

HEG LTD share price has plunged by 5% and its current market price is Rs 4,395. The BSE CAPITAL GOODS is down by 0.7%. The top gainers in the BSE CAPITAL GOODS Index are SKF INDIA (up 1.9%) and LAKSHMI MACHINE (up 1.3%). The top losers is HEG LTD (down 5.0%).

WELSPUN INDIA Plunges by 5%; BSE 500 Index Down 0.4% (Today's Market)

Oct 22, 2018 03:06 PM

WELSPUN INDIA share price has plunged by 5% and its current market price is Rs 64. The BSE 500 is down by 0.4%. The top gainers in the BSE 500 Index are INDIABULLS HOU. FIN. (up 9.5%) and UNITECH (up 4.2%). The top losers are WELSPUN INDIA (down 5.1%) and INDUSIND BANK (down 8.8%).

Indian Indices Continue Momentum; Banking and Power Stocks Witness Buying (Today's Market)

Oct 22, 2018 12:30 pm

The BSE Sensex is trading up by 163 points, while the NSE Nifty is trading up by 46 points.

View More Indian Share Market News

Most Popular

You Can Buy Select Auto Stocks Now for Big Long-Term Returns(The 5 Minute Wrapup)

Oct 17, 2018

Irrespective of the earnings hiccups, these businesses be setting new profit records.

Here's What You Should Do In this Market...(Profit Hunter)

Oct 9, 2018

Sticking to a process and discipline is the only way to survive and thrive in the market downcycles.

IPO Market Feels the Heat of the Market Crash(Sector Info)

Oct 12, 2018

The sentiments in primary market have also deteriorated amid the stock market correction. Most listed IPOs of 2018 are trading below their issue price.

Even If IL&FS Group Brought This Correction, this is Right Time to Buy & Sit Tight!(Chart Of The Day)

Oct 12, 2018

Even if IL&FS is the culprit, it may turn out to be a hero if you buy right and sit tight.

A Portfolio Strategy That Could Help You Reduce Shocks Of The Equity Market(Outside View)

Oct 9, 2018

PersonalFN explains a portfolio strategy that could help you reduce the shocks of the Indian equity market.


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


Oct 22, 2018 (Close)