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  
Markets trade below dotted line 
(Mon, 7 Sep 11:30 am) 
 
After opening in the green, the Indian Indices have fallen below the dotted line. Most sectoral indices are trading on a negative note with energy and pharma stocks leading the losers.

The BSE-Sensex is trading lower by 37 points (down 0.1%) and the NSE-Nifty is trading lower by 16 points (down 0.2%). The S&P BSE Midcap index is trading lower by 1.3% and the S&P BSE Smallcap index is trading lower by 0.7%. The rupee is trading at 66.72 to the US dollar.

Banking stocks are trading on a mixed note with Karur Vysya Bank and Axis Bank leading the losses. As per a leading financial daily, in a bid to expand its branch network, HDFC Bank is planning to add 100 branches in the eastern region. The bank, at present has 500 bank branches across the east and by this year will touch a total tally of 600 branches. Out of the 600 branches, West Bengal is said to have 195 to 200 branches. As of June 2015, the total number of branches for the bank stood at 4,011 in the country. Presently the stock of HDFC Bank is trading up by 0.3%.

Stocks in the automobile space are also trading mixed with Force Motors and Eicher Motors witnessing maximum selling pressure. A per an article in Economic Times, Tata Motors - owned JLR India is hopeful of more than trebling its sales in the country on the back of a tremendous response for its SUV hatchback Discovery Sport. The British brand has launched the Discovery Sport SUV hatchback, which is based on the Land Rover platform, in four variants. JLR India has sold 2,857 units in the country last year and enjoys around 9% market share now. Stock of Tata Motors is currently trading up by 0.9%.

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 "Markets trade below dotted line". 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


Jul 26, 2017 (Close)

MARKET STATS