X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian equity markets trade flat 
(Tue, 14 Aug 11:30 am) 
 
Indian equity markets continued to trade flat during the last two hours of trade. Sectoral indices represented mixed performance. Metal and energy stocks were the top gainers while losses were led by power and healthcare stocks.

The BSE-Sensex is trading lower by 23 points and NSE-Nifty is trading down by 7 points. BSE Mid Cap and BSE Small Cap indices are trading higher by 0.1% and 0.4% respectively. The rupee is trading at 55.59 to the US dollar.

Auto stocks are trading mixed with Escorts and Eicher Motors being the top gainers while Maruti Suzuki and Tube Investments were the top losers. According to a leading financial daily, in the wake of the lockout at its Manesar plant due to which the automobile company has suffered loss in sales, Maruti Suzuki is now looking at a fast track launch of its New Alto 800. We may note here that Maruti has suffered a sales loss of Rs 20 bn so far because of the Manesar lockout. The new version of Alto will be rolled out of Maruti's Gurgaon plant and would be priced at Rs 2 lakhs. In this range, it will compete with Hyundai's Eon and Tata Motors' Nano. The automobile company believes that this launch will boost overall sales volumes.

Indian pharma stocks are trading mixed with Dishman Pharma and Panacea Biotech being the top gainers while Sun Pharma and JB Chemicals were the top losers. As per a leading daily, minority shareholders of Taro Pharma have rejected Sun Pharma's offer of US$ 39.5 per share. Grand Slam Asset Management, a minority shareholder seems to have urged other shareholders through an open letter to reject the revised offer which is 60% higher than the earlier offered price. Earlier, in October 2011, Sun Pharma which holds 66.5% stake in Taro, had made an offer of US$ 24.5 per share to acquire the remaining stake. However, the same offer was rejected stating that on the ground of improved performance of the company, the offer was inadequate. Presently, Sun Pharma stock is trading lower by 2.5%.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian equity markets trade flat". Click here!

  
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 18, 2017 (Close)

MARKET STATS