Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sensex Falls 400 Points on Weak Global Cues; Finance & Banking Stocks Under Pressure
Mon, 19 Jul 09:30 am

Asian stock markets slipped today as investor risk appetite was soured by fears of rising inflation and a relentless surge in coronavirus cases.

The Hang Seng and the Shanghai Composite are trading down by 2.1% and 0.3%, respectively. The Nikkei is trading down by 1.3%.

In US stock markets, Wall Street indices ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight tech stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.

The Dow Jones Industrial Average shed 0.9% while the Nasdaq Composite fell 0.8%.

The Dow ended the week down 0.5%, while the Nasdaq Composite fell 1.9% during the same period.

Back home, Indian share markets have opened on a negative note, following the trend on SGX Nifty.

ACC, HCL Technologies, HDFC Life, Indian Bank and Mastek are among 25 firms slated to post their June quarter numbers today.

The BSE Sensex is trading down by 358 points. Meanwhile, the NSE Nifty is trading lower by 106 points.

NTPC is among the top gainers today. HDFC Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened down by 0.3%. The BSE Small Cap index is trading lower by 0.2%.

--- Advertisement ---
Govt's 257 Bn Rupees Boost for EVs- Your Chance for Potentially Wild Profits

A few days back, the government announced that it will be pumping a whopping 257 billion rupees into electric vehicle initiatives by 2025.

We urge you to become a part of the EV gold rush that's happening now and gain the early mover advantage.

We have closed in on 3 EV stocks which could potentially hand you over insane profits in the long run.

We will be revealing all the details in one of our upcoming special online event.

Sign Me Up For the FREE Event
------------------------------

Sectoral indices are trading on a mixed note with stocks in the metal sector and finance sector witnessing most of the selling pressure.

Consumer durable stocks and telecom stocks are trading in green.

Shares of Himatsingka Seide and Nalco hit their 52-week high today.

The rupee is trading at 74.74 against the US$.

Gold prices are trading down by 0.7% at Rs 48,050 per 10 grams.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani, talks about a new market that the Reserve Bank of India has opened for investors, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

In news from the banking sector, HDFC Bank is among the top buzzing stocks today.

India's largest private lender HDFC Bank on Saturday reported a 16.1% year-on-year (YoY) rise in its standalone net profit at Rs 77.3 bn.

This compared with Rs 66.6 bn reported in the same quarter last year.

HDFC Bank's total income in the quarter ended June 2021 rose 6.7% and stood at Rs 367.7 bn against Rs 344.5 bn in June 2020.

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

Net interest income (NII) for the quarter rose to Rs 170.1 bn from Rs 156.7 bn, led by 14.4% rise in advances and a core net interest margin of 4.1%.

HDFC Bank made provisions worth Rs 48.3 bn for the quarter compared with Rs 38.9 bn in the year-ago quarter and Rs 46.9 bn in the March quarter.

HDFC Bank's chief executive officer (CEO) Sashidhar Jagdishan said the ban imposed by Reserve Bank of India (RBI) on new digital launches has impacted the bank's business.

In December last year, the RBI asked HDFC Bank to put all new digital launches on hold till the bank resolve the tech issues.

The RBI-appointed third party audit on bank's IT audit is complete and HDFC Bank is awaiting the final decision from the regulator on withdrawal of the ban, Jagdishan added at the bank's annual general meeting (AGM) held on Saturday.

The bank also recommended a dividend of 6.50 per equity share in the board meeting held on Saturday.

HDFC Bank share price has opened the day down by 2.5%.

Note that, HDFC Bank is one that has always adapted to changing times.

HDFC Bank wanted to transform itself from a leader in the physical banking to a leader in online banking. Since then, HDFC Bank has constantly focused on going digital.

In 2004, only 10% of customer transactions were initiated through internet and mobile. The number has gone up to 92% in 2019.

HDFC Bank's Digital Transformation

It is a great example of a company which has taken advantage of its scale and embraced disruption rather than fear it.

These are traits that one should look for in picking stocks. They not only withstand the disruption but also gain from it in the long-run.

--- Advertisement ---
Meet Rajeev Thakkar: The Man Who Introduced Us Indians to Global Stocks...

Rajeev Thakkar is A Successful Stock Market Investor and CIO of a Top-Ranked Mutual Fund...

He is also among a few rare Indian mutual fund managers who invest not just in Indian stocks...BUT STOCKS ACROSS THE WORLD.

And his keen eye for hunting out undervalued companies by employing a disciplined approach has been instrumental in his fund's stellar performance.

... Thanks to a new approach he developed: Value Investing 3.0

Find out how can you apply the principles of Value Investing 3.0 to protect or grow your wealth when you Register for The Equitymaster Conference Right Now
------------------------------

Moving on to news from the automobile sector, automobile exports from India recovered in the first quarter with all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth following an improvement in the pandemic situation across various international markets.

As per the latest SIAM data, total vehicle exports during the April-June quarter this fiscal stood at 14,19,430 units as compared with 4,36,500 units in the same period of 2020-21.

SIAM Director General Rajesh Menon said while two-wheeler shipments were better than previous three years, passenger vehicles, three-wheelers and commercial vehicles export numbers were yet to catch up with numbers in the first quarter of 2018-19 fiscal.

In the April-June quarter, passenger vehicle exports from the country stood at 1,27,115 units as against 43,619 units in the same period of 2020-21.

Passenger car exports stood at 79,376 units, utility vehicle shipments at 47,151 units while van exports were at 588 units.

Maruti Suzuki led the passenger vehicle segment with exports of 45,056 units followed by Hyundai Motor India which shipped 29,881 units during the period.

Two-wheeler exports rose to 11,37,102 units in the April-June period as against 3,37,983 units in the same period of FY20.

Similarly, commercial exports during the first quarter stood at 16,006 units as compared with 3,870 units in the April-June period of 2020-21.

Tata Motors led the segment with shipment of 6,653 units followed by Mahindra & Mahindra with 3,931 units.

We will keep you updated on the latest developments from this space. Stay tuned.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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 "Sensex Falls 400 Points on Weak Global Cues; Finance & Banking Stocks Under Pressure". Click here!

  

Stock Market Updates

Sensex Trades Lower Tracking Weak Global Cues; IT & Energy Stocks Under Pressure (Today's Market)

Dec 6, 2021 10:30 am

Indian share markets follow global cues and trade lower. The BSE Sensex is down 242 points, while the Nifty is trading lower by 65 points.

SGX Nifty Up 35 Points; Indicates Positive Opening for Indian Stock Markets (Today's Market)

Dec 6, 2021 SGX Nifty

Trends on SGX Nifty indicate a positive opening for Indian stock markets.

Declining FMCG Sales, Shriram Properties IPO, and Buzzing Stocks Today (Today's Market)

Dec 6, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

India's Top 5 Monopoly Stocks to Watch Out for(Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

5 Indian Companies Embracing Blockchain Technology(Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Dec 6, 2021 (Close)

MARKET STATS