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 equity markets trade weak
Wed, 18 Jul 11:30 am

Indian equity markets continued to trade weak over the last two hours of trade. Metal and IT stocks witnessed maximum buying interest, while Auto and consumer durables stocks witnessed maximum selling pressure.

The Sensex today is down by 47 points, while the NSE-Nifty today is down by 17 points. BSE Mid Cap index and the BSE Small Cap index are down by 0.46% and 0.30%. The rupee is trading at 55.31 to the US dollar.

Mining stocks are trading in the red led by Metals and Minerals Trading Corporation of India Ltd. (MMTC) and Gujarat NRE Coke. According to a leading financial daily, Coal India in its upcoming board meeting on July 31, may finalise a contract worth Rs 1.7 bn for procuring explosives for mining needs of its subsidiaries. It may also resolve the fuel supply pact row with power firms. Earlier the company's board meetings were postponed twice. Explosives are consumed in large quantities by subsidiaries of the mining giant for extracting coal from the mines. It is used in opencast mines as well as underground mines for conducting blasts for coal production. The company has also received indications of soon receiving a written communication from the Prime Minister's Office (PMO) with regard to signing of fuel pacts with power firms.

Auto stocks are trading weak led by Tata Motors and Mahindra & Mahindra. According to a leading financial daily, Hero MotoCorp launched its sporty motorcycle Ignitor. The motorcycle has been launched at 15 dealerships across Karnataka. It will be available in two variants-the base variant and the top variant. The base variant has front drum brake while the top variant has front disc brake. Ignitor which is powered with a 125 cc Ecno-Power low friction technology engine will be available in 4 vibrant colors- Panther Black, Sports Red, Pearl White, & Vibrant Blue. It is expected to be fuel efficient along with having a good power and pick-up. The motorbike is priced at Rs 56,747 (base variant ex-showroom Bangalore).

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 equity markets trade weak". 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


Feb 20, 2018 (Close)