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
  • MyStocks


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

Indian share markets slip in the red
Tue, 26 Aug 01:30 pm

After opening flat, Indian share markets slipped below the dotted line in the post-noon trading session. Most of the sectoral indices are trading in the red with power and engineering stocks being the biggest losers. FMCG and pharma stocks are trading positive today.

BSE-Sensex is down 83 points and NSE-Nifty is trading 31 points down. BSE Mid Cap is trading 0.6% down and BSE Small Cap index is trading down by 1%. The rupee is trading at 60.54 to the US dollar.

Most of the engineering stocks are trading in the red with BGR Energy and Bharat Bijlee being the major losers whereas Everest Kanto and Finolex Cables are among the few stocks trading in the green. As per a leading financial daily, Alstom Projects has won a contract worth 400 m euros from Power Grid Corportion to construct a 3,000 MW transmission link between Haryana and Chhattisgarh. The Ultra-High Voltage Direct Current (UHVDC) link will connect Champa (Chattisgarh) and Krukshetra (Haryana). Th upcoming 3,000 MW transmission link will run parallel to the first UHVDC transmission link bagged by Alstom in 2012. As a result, the total transmission capacity of the system will increase to 6,000 MW. The stock of Alstom Projects is currently trading up by 0.3%.

Large cap software stocks are trading on a mixed note today. While CMC Ltd. is leading the pack of gainers, HCL Infosystem is leading losers. Top tier software firm Wipro is expecting to win deals worth multi million dollars in the media and telecom segment. Both these segments form the second largest business unit and contribute about 17% to the company's total revenues. It may be noted that these segments have been struggling over the past 2 to 3 years. The company hopes to win at least 4 to 6 deals in the US from these verticals which are expected to generate business in the range of US$ 50 to US$ 100 m each annually. As per the company, the deal flow in the pipe line will enable the company to grow by 15% on a YoY basis. Wipro is trading higher by 0.7% today.

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 slip in the red". Click here!


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


Mar 20, 2018 (Close)