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

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

  • MyStocks


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

Sensex falls 1,000 points intraday
Mon, 24 Aug 11:30 am

After opening the day on a bearish note, the Indian Indices have significantly added to the losses and are currently trading deep in the red. All sectoral indices are trading negatively with stocks from the auto, banking and capital goods sectors leading the losers.

The BSE-Sensex is currently trading down by 984 points (3.6%) and the NSE-Nifty is trading down by 307 points (3.7%). The BSE Mid Cap index and the BSE Small Cap index are also trading in the red, down by 3.9% and 4.6% respectively. At the time of writing, the rupee stood at 66.46 to the US dollar.

Stocks in the automobile space are trading on a bearish note with Maharashtra Scooters and Eicher Motors bearing the maximum burnt. As per a leading financial daily, Eicher Motors one of the leading manufacturers of commercial vehicles, has announced its future plans for Indonesia as a part of its growth strategy. The company's motorcycle division Royal Enfield has market its entry in Indonesia at GAIKINDO Indonesia International Auto Show (GIIAS) 2015. Royal Enfield will commence retail operations in the coming months from its exclusive dealership in Jakarta that is being set up in partnership with PT Distributor Motor Indonesia, who have signed up as a dealer for the region. By this dealership, a service and aftermarket capability for Royal Enfield in Jakarta is also said to be complete. Scrip of Eicher Motors is trading down by 5.4%.

Banking stocks are trading negatively with losses led by IDBI Bank and Oriental Bank. According to financial times, country's largest lender State Bank of India (SBI) is planning to open 500 customer service points to bridge last mile gap between bank and customers in West Bengal. In addition to this, the company already has 56,000 customer service points across states as low cost intermediaries for taking banking to grassroot level. On a separate note, the company has reported 10.25% YoY rise in its net profit for the quarter ended June 2015. Stock of SBI is currently trading down by 4%.

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 1,000 points intraday". Click here!


Views on News

Beware the Ides of March (Fast Profits Daily)

Mar 1, 2021

The month of March is usually difficult for traders. This time it will be even more so. Find out why in this video.

UTI Nifty200 Momentum 30 Index Fund: Aims to Benefit from Momentum Investing Strategy (Outside View)

Mar 1, 2021

PersonalFN analyses the features of UTI Nifty200 Momentum 30 Index Fund and explains the potential this fund has to offer to its investors.

How to Have a Perfectly Normal Day Even if Sensex Falls 2,000 Points (Profit Hunter)

Mar 1, 2021

How can someone witness a 2,000 point decline on the Sensex and still stay perfectly calm.

ITI Mid-Cap Fund: Investing in Potential Midcap Companies for Growth (Outside View)

Feb 26, 2021

PersonalFN analyses the features of ITI Mid-Cap Fund and explains the potential this fund has to offer to its investors.

NSE Glitch: Why Did the Market Go Up? (Fast Profits Daily)

Feb 26, 2021

In today's video, I'll discuss why thew stock market went up on Wednesday, 24 February 2021, when the NSE had to shut trading due to a technical glitch.

More Views on 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.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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.


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


Mar 1, 2021 03:36 PM