X

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

MEMBER'S LOGINX

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

Indian share markets open weak
Fri, 1 Aug 09:30 am

Barring China (up 0.1%), all major Asian stock markets have opened the day on a weak note with stock markets in Taiwan (down 0.7%) and Singapore (down 0.9%) leading the losses. The Indian share markets have also opened the day on a negative note. All sectoral indices have opened on a negative note with power and capital goods stocks leading the losses.

The Sensex today is down by around 136 points (0.5%), while the NSE-Nifty is down by about 53 points (0.7%). Mid and small cap stocks are trading in the red with the BSE Mid Cap and BSE Small Cap indices down by around 0.5% each. The rupee is currently trading at Rs 60.25 to the US dollar.

Auto stocks have opened the day on a weak note with Mahindra & Mahindra (M&M) and Ashok Leyland leading the losses. India's leading passenger vehicle manufacturer Maruti Suzuki India Ltd (MSIL) has announced the first quarter results for the financial year 2014-15 (1QFY15). During the quarter, the company's standalone net sales increased by 10.8% YoY to Rs 110,735.1 m. Operating profit grew by 13.9% YoY to Rs 13,282 m. Other income rose sharply by 45.1% YoY to Rs 2,965.3 m. At the bottomline level, net profit increased by 20.7% YoY to Rs 7,622.8 m. Net profit margin expanded from 5.5% in 1QFY14 to 6.2% in 1QFY15.

Oil and gas have opened the day mainly in the red with Reliance Industries LTD (RIL) Castrol India and GAIL India leading the losses. However, oil marketing companies such as Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd and Indian Oil Corporation (IOC) are trading in the green. As per a leading financial daily, petrol prices in Delhi are set to be cheaper by Rs 1.09 per litre starting today as state-run oil market companies (OMCs) have lowered the price of the fuel. This is the first time since mid-April that OMCs have lowered petrol prices. The move has come on the back of drop in benchmark gasoline rates in the international market. However, the OMCs increased diesel prices by 56 paise in Delhi. This will help lower the gap between pump and market rates by about Rs 1.5 per litre. Also, diesel pricing could be deregulated in three months if the trend continues.

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 share markets open weak". Click here!

  

Related Views on News

Maruti Suzuki Ltd: Bumpy First Quarter. GST dents Margins! (Quarterly Results Update - Detailed)

Aug 2, 2017

GST realted cost impacts Margins, Management expects good year ahead.

Hero Motocorp Ltd: Strong Festive Demand Drives Growth! (Quarterly Results Update - Detailed)

Nov 14, 2017

New Products and rural pickup to help market share gains.

Mahindra & Mahindra Ltd: All-round Show (Quarterly Results Update - Detailed)

Nov 14, 2017

Robust Performance, expects strong uptick in the farm equipment business.

Bajaj Auto Limited: Showing Healthy Signs of Recovery! (Quarterly Results Update - Detailed)

Nov 10, 2017

Exports markets recovering and new Permits for three-wheeler business in India will lead the growth!

Tata Motors Ltd: Another Disappointing Quarter, Management fails to Perform! (Quarterly Results Update - Detailed)

Aug 14, 2017

Tata Motors Ltd disappoints again for both India and JLR business. Management commentary indicates a slow year ahead.

More Views on News

Most Popular

Alert: Pharma Stocks Are About to Shoot Up - And a Superb Stock for Trading(Profit Hunter)

Jun 13, 2018

The ailing pharma stocks are bouncing back to health. Read this to find out the best way to profit from them.

Will You Dump Your Client if You're Busy? Inox Wind's Auditor Just Did...(The 5 Minute Wrapup)

Jun 14, 2018

After Inox Wind, you may see more auditors resigning And the reasons can be as funny as they can get.

GST Will Not Solve Problem of High Prices of Petrol and Diesel(Vivek Kaul's Diary)

Jun 13, 2018

Though it will bring transparency in their pricing and that in itself will be a welcome move.

Should You Invest In Mirae Asset Healthcare Fund?(Outside View)

Jun 15, 2018

Mirae Asset Mutual Fund launches NFO - Mirae Asset Helathcare Fund.

Has the Market Bottomed Out?(Sector Info)

Jun 11, 2018

The yield spread is an effective barometer that can indicate the direction the markets are headed.

More

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

S&P BSE AUTO


Jun 22, 2018 (Close)

S&P BSE AUTO 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS