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 Ends 305 Points Lower; FMCG and Finance Stocks Witness Huge Selling
Mon, 22 Jul Closing | Monish Vora, TM Team

India share markets continued to witness selling pressure during closing hours and ended their day deep in the red.

At the closing bell, the BSE Sensex stood lower by 305 points (down 0.8%) and the NSE Nifty closed down by 82 points (down 0.7%).

The BSE Mid Cap index ended the day down 0.6%, while the BSE Small Cap index ended the day down 1.2%.

Sectoral indices ended on a negative note with stocks in the finance sector and FMCG sector witnessing most of the selling pressure.

The rupee was trading at 68.96 against the US$.

--- Advertisement ---
These 3 Stocks are the Dark Horses of the Stock Market

The mainstream media mostly ignores them.

Mutual funds and hedge funds can't buy them in bulk.

Stock brokers rarely cover them.

These stocks are the dark horses of the stock market.

They only come in limelight after they have rallied by hundreads of even thousands of percent.

Our head of smallcap research, Richa Agarwal, has a knack for identifying such stocks before they begin their rally.

Over the years, she has spotted such stocks which have gone on to offer triple and even quadruple digit gains for investors. (* Past performance is no guarantee of future results)

Today, when the markets are near all-time high... and some investors are thinking of booking profits... Richa has spotted 3 such stocks which are set for a massive rally.

She will reveal the details of these 3 stocks on 16th March at her free online summit.

Click here to sign-up instantly. It's free.
------------------------------

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 1.37% and the Shanghai Composite was down by 1.27%. The Nikkei 225 was down 0.23%.

European markets were trading on a positive note. The FTSE 100 was up by 0.33%. The DAX was trading up by 0.15%, while the CAC 40 was up by 0.06%.

Market participants were tracking TVS Motor share price, Wendt share price, and Lakshmi Machine share price as these companies announced their June quarter (Q1FY20) results today.

You can also read our recently released Q1FY20 results: Bandhan Bank, Cyient, Rallis, Dabur.

In the news from the banking space, HDFC Bank share price was in focus today. The stock of the lender witnessed selling pressure on the back of moderate weakness in Q1FY20 asset quality numbers and slowdown in retail loan growth.

The private sector lender registered a 21% year-on-year (YoY) increase in profits and 23% YoY rise in net interest income with loan growth at 17% for the quarter ended June 2019.

The moderation in loan growth came due to a consistent slowdown in retail book and auto segment.

However, on the asset quality front, gross non-performing assets and net non-performing assets increased 4 basis points (bps) each sequentially to 1.4% and 0.43%, respectively.

Credit cost crossed 1% for first time for the bank due to elevated slippage ratio which stood at 2.04% in June quarter against 1.75% in Q4FY19.

Provisions for bad loans also increased significantly by 38.3% sequentially and 60.4% YoY to Rs 26.1 billion in the June quarter due to unsecured book and NBFC accounts.

Apart from the results, the bank has revised its fixed deposit interest rates on select maturities with effect from Monday, July 22.

It has revised the interest rate applicable to maturity periods such as 30-45 days, 46-60 days and one year. The bank is offering an interest rate of 5.5% to general public and 6% to senior citizens on fixed deposits of 30-45 days.

Previously, the private lender paid interest rates of 5.75% and 6.25% to the general public and senior citizens respectively.

Speaking of the banking sector, it was recently reported that the scheduled commercial banks (SCBs) credit growth moderated to 12% YoY compared with 12.7% growth in May 2019. The credit growth has improved from 10.9% at end June 2018.

Co-head of Research at Equitymaster, Tanushree Banerjee believes retail and corporate credit are expected to grow by multi-fold over the next few years.

Rising Credit Growth in India

Rising Credit Growth in India

Here's what she wrote about it in one of the recent editions of The 5 Minute WrapUp...

  • One theme I strongly believe will play out over the next decade is the credit growth in India.

    The growth I foresee will be due to two reasons. Expanding GDP and credit penetration.

    Recent reforms like Jan Dhan, Mudra Yojna have helped Small and Medium Enterprises (SME's) and self-employed professionals to gain access to loans.

    Credit penetration is also expected to increase in this segment from current levels.

    Over the past few years, a lot of banks and NBFCs have started lending to this segment.

So, look out for strong well-established financial services players which will benefit the most from this trend.

In the news from the commodity space, crude oil witnessed buying interest today. Prices rose more than 2% on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf.

Last week, it was reported by Iran's Revolutionary Guards that they had captured a British-flagged oil tanker in the Gulf in response to Britain's seizure of an Iranian tanker earlier this month.

The move has increased the fear of potential supply disruptions in the Strait of Hormuz at the mouth of the Gulf, through which flows about one-fifth of the world's oil supplies.

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

Crude oil has been trading on a volatile note this month. The commodity saw losses last week after official data showed US stockpiles of products like gasoline rose sharply earlier this month.

As per the data, US domestic crude supplies fell for a fifth straight week. According to data released by the US Energy Information Administration (IEA), US crude inventory for the week ended July 12 fell 3.11 million barrels to 455.88 million barrels.

Meanwhile, volatility was also seen on the back of ongoing geopolitical tensions in the Middle East.

Iran said that a small oil products tanker missing in the Strait of Hormuz was in its territorial waters. This stoked fraught relations with Iran's neighbors and the West over threats to shipping in the key oil chokepoint.

How this all pans out remains to be seen. Meanwhile, we will keep you updated on all the developments from this space.

Speaking of crude oil, in the video below, Vijay Bhambwani explains how trading in crude oil is an evergreen strategy. As per him, trading in crude oil offers excellent opportunities in nearly all market conditions due to its unique standing within the world's economic and political systems.

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 Ends 305 Points Lower; FMCG and Finance Stocks Witness Huge Selling". Click here!

1 Responses to "Sensex Ends 305 Points Lower; FMCG and Finance Stocks Witness Huge Selling"

Suhas Kulkarni

Jul 22, 2019

Almost all the shares recommended by you are quoting 10 to 40 0/0 discount.will you please revise the prices for buy or hold or to book losses this is more important and urgent inform us about technical analysis of all the stocks recommended by you

Like 
  
Equitymaster requests your view! Post a comment on "Sensex Ends 305 Points Lower; FMCG and Finance Stocks Witness Huge Selling". Click here!

Stock Market Updates

Indian Indices End Flat, GAIL and UPL Among Top Nifty Gainers (Today's Market)

Mar 8, 2021 Closing

Indian share markets end on a flat note with the Sensex ending up by 35 points and the Nifty ending up by 18 points.

Sensex Trades Over 200 Points Higher; Dow Futures Up by 37 Points (Today's Market)

Mar 8, 2021 12:30 pm

BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.

Indian Share Markets Open Higher; GAIL & ONGC Surge 5% (Today's Market)

Mar 8, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

ONGC at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

GRINDWELL NORTON at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

ASTRAL POLY TECHNICK at All Time High; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

ASTRAL POLY TECHNICK share price has hit an all time high at Rs 2,332 (up 3.6%). The BSE CAPITAL GOODS Index is up by 1.4%. Among the top gainers in the BSE CAPITAL GOODS Index today are ASTRAL POLY TECHNICK (up 3.6%) and HONEYWELL AUTOMATION (up 2.5%). The top losers include KALPATARU POWER (down 0.8%).

View More Indian Share Market 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.

Charge Your Portfolio with this Smallcap Proxy Play on India's EV Revolution(Profit Hunter)

Mar 5, 2021

This could be the biggest wealth creator of the decade.

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.

More

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

S&P BSE SENSEX


Mar 8, 2021 (Close)

MARKET STATS