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Indian Stock Markets Turn Flat; Metal and Energy Stocks Gain
Fri, 23 Aug 12:30 pm | Rini Mehta, TM Team

Stock markets in India are presently trading on a flat note. The BSE Sensex is trading down by 41 points and the NSE Nifty is trading up by 7 points. The BSE Mid Cap index is trading up by 0.4%, while the BSE Small Cap index are trading down by 0.1%.

Among the sectoral indices, FMCG stocks and bank stocks are witnessing maximum selling pressure. Metal stocks and oil & gas stocks are trading in green.

If you look at the stock market returns over the years, you will see that the markets have never moved in a linear fashion.

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It has never been a one-way street - only up or down.

Stock markets have always moved in cycles.

If you would have bought stocks when either the Sensex or the Smallcap index was in a downturn, you would have made big returns once the cycle turned and the bulls took over.

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In the news from the aviation sector. Directorate General of Civil Aviation (DGCA) in its monthly data has showed that India's domestic air passenger traffic rose by 3% in July over the year-ago period, with local carriers flying 11.9 million passengers in the month.

Domestic airlines flew 11.6 million passengers in the same month last year. In June 2019, the country's domestic air passenger traffic rose 6.2% compared to the year-ago period.

In terms of market share, country's largest carrier, IndiGo maintained its lead position with 47.8% share of the domestic passenger market in July. SpiceJet's market share fell from 15.6% in April to 15.5% in July, giving it the number two spot.

The market share of Air India, GoAir, AirAsia and Vistara were 14.8%, 13.3%, 7.7% and 7.2%, respectively, in July this year.

According to the data, the passenger load factor of all the major airlines declined in July as compared to June 2019, due to the end of tourist season.

Besides, Air India topped the list of passenger grievances with 2.1 complaints per 10,000 passengers in the month of July, while SpiceJet was on number two position with 0.8 complaints per 10,000 passengers.

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Moving on to the news from the pharma sector. As per an article in a leading financial daily, Biotechnology major Biocon's Malaysian arm has received the European Union Good manufacturing practice (EU GMP) certification for its insulin facility in Malaysia.

Reportedly, the insulin facility in Malaysia manufactures drug substance and drug products in vials, cartridges, and insulin delivery devices was inspected in May 2019.

The company's range of insulins made at the facility is serving patient populations in the EU and several other countries across the globe. Biocon's rh-Insulin is registered in over 40 countries worldwide and has been commercialised in many emerging markets.

The company's biosimilar Insulin Glargine has been approved in over 60 countries and is commercialised in several key emerging markets, the reports noted.

Speaking of the biosimilars, note that, Biosimilars and Biologics are burgeoning sectors. Also, major scientific and technological advances, coupled with socio-demographic changes and increasing demand for medicines will revive the pharma industry's fortunes in another 10 to 20 years.

But given the complexity of biologics, will Indian companies be able to break some ground in this space? Going forward, whether the monetization of biosimilars prove to be a big growth driver for the company will be the key thing to watch out for.

Biocon share price was trading down by 1.1% at the time of writing.

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

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Stock Market Updates

TIME TECHNO Plunges by 5%; BSE 500 Index Down 1.7% (Today's Market)

Sep 17, 2019 03:33 PM

TIME TECHNO share price has plunged by 5% and its current market price is Rs 70. The BSE 500 is down by 1.7%. The top gainers in the BSE 500 Index are PC JEWELLER (up 10.2%) and TATA COMM. (up 5.0%). The top losers are TIME TECHNO (down 5.3%) and HERO MOTOCORP (down 6.4%).

TAKE SOLUTIONS Plunges by 7%; BSE IT Index Down 0.4% (Today's Market)

Sep 17, 2019 03:33 PM

TAKE SOLUTIONS share price has plunged by 7% and its current market price is Rs 134. The BSE IT is down by 0.4%. The top gainers in the BSE IT Index is INFOSYS (up 0.6%). The top losers are TAKE SOLUTIONS (down 6.8%) and ECLERX SERVICES (down 8.1%).

SUNTECK REALTY Plunges by 5%; BSE REALTY Index Down 3.7% (Today's Market)

Sep 17, 2019 03:33 PM

SUNTECK REALTY share price has plunged by 5% and its current market price is Rs 463. The BSE REALTY is down by 3.7%. The top gainers in the BSE REALTY Index is OMAXE LTD (up 0.2%). The top losers are SUNTECK REALTY (down 5.3%) and SOBHA LIMITED (down 5.2%).

TATA STEEL Plunges by 5%; BSE METAL Index Down 2.8% (Today's Market)

Sep 17, 2019 03:33 PM

TATA STEEL share price has plunged by 5% and its current market price is Rs 366. The BSE METAL is down by 2.8%. The top losers is TATA STEEL (down 5.1%).

TATA MOTORS Plunges by 5%; BSE AUTO Index Down 4.0% (Today's Market)

Sep 17, 2019 03:31 PM

TATA MOTORS share price has plunged by 5% and its current market price is Rs 130. The BSE AUTO is down by 4.0%. The top losers are TATA MOTORS (down 5.2%) and HERO MOTOCORP (down 6.3%).

Sensex Slips Over 300 Points; Axis Bank & Tech Mahindra Top Losers (Today's Market)

Sep 17, 2019 12:30 pm

The BSE Sensex is trading down by 304 points, while the NSE Nifty is trading down by 86 points.

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