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?  

Markets remain under pressure
Tue, 1 Sep 11:30 am

After opening the day on a weak note, Indian stock markets continued to trade well below the dotted line. Among the sectoral indices, banking and engineering stocks are witnessing maximum selling pressure. However, software stocks are trading in the green.

The BSE-Sensex is down 238 points (0.9%) and the NSE-Nifty is trading 73 points down (0.9%). The S&P BSE Midcap & S&P BSE Smallcap indices are also trading in the red, down by 0.8% and 0.4% respectively. The rupee is trading at 66.21 to the US dollar.

Indian pharma stocks are trading on a mixed note with Glenmark Pharma and Lupin Ltd leading the losses. As per a leading financial daily, Sun Pharmaceuticals Industries has begun the integration of its Opiates business in Australia flowing the successful completion of its GSK acquisition. The acquisition has secured the global position of the company with two Opiates manufacturing facilities in Port Fairy & Latrobe (both in Australia). This further harmonizes the company's current API manufacturing footprint globally. Moreover, this Opiates acquisition allows the company to significantly expand its narcotics raw material (NRM) market share and strengthen its strategic position in the global Opiates business. Stock of Sun Pharma is currently trading up by 1.3%.

Stocks in the food and tobacco space are trading mixed with Wadala Commodities and GSK Consumer witnessing maximum buying activity. As per an article in Economic Times, FMCG major ITC is all set to debut its range of dairy products starting with ghee. The company has reported that the same would be available in the market by the end of current quarter. The company has ambitious plans for its dairy business. Other products will include packaged milk, butter, cheese and chocolates. ITC has set up a milk processing unit in Munger, in Bihar and has plans to set up similar units elsewhere in the country. Scrip of ITC is trading down by 1.5%.

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 "Markets remain under pressure". 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