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

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

  • MyStocks

MEMBER'S LOGINX

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

Markets trade on a choppy note
Tue, 8 Sep 11:30 am

After opening the day on a dull note, the Indian Indices are currently trading marginally higher. Sectoral indices are trading on a mixed note with FMCG and pharma stocks leading the losers. However, energy stocks are trading in the green.

The BSE-Sensex is trading up 59 points (up 0.2%) and the NSE-Nifty is trading up by 9 points (up 0.1%). The S&P BSE Midcap index is trading down by 0.7% and the S&P BSE Smallcap index is trading down by 1.2%. The rupee is trading at 66.73 to the US dollar.

Stocks in the automobile space are trading on a mixed note with Eicher Motors and Escorts leading the losses. As per an article in Economic Times, auto major Mahindra & Mahindra (M&M) is looking to enhance its market share in the utility vehicle segment with the upcoming compact SUV, TUV 300. The company will launch the TUV300 this week, which will be available only as diesel option and is expected to be priced around Rs 7-9 lakh. For the April-July period this fiscal, total utility vehicle sales for M&M stood at 62,558 units, translating into a market share of 36.1%. Presently the stock of M&M is trading up by 0.7%.

Pharma stocks are trading on a discouraging note with Dishman Pharma and Elder Pharma bearing the maximum burnt. As per a leading financial daily, the Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to buy up to 31.5% of the paid up capital of Natco Pharma. Earlier the FII limit in the company was 24%. The company has passed resolutions at its board of directors' level and a special resolution by the shareholders. These were passed in order to seek agreement on enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs. Scrip of Natco Pharma is trading down by 3.5% on the BSE.

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 "Markets trade on a choppy note". Click here!

  

Views on News

GRANULES INDIA Share Price Up by 5%; BSE HEALTHCARE Index Up 0.5% (Market Updates)

Mar 3, 2021 | Updated on Mar 3, 2021

GRANULES INDIA share price is trading up by 5% and its current market price is Rs 354. The BSE HEALTHCARE is up by 0.5%. The top gainers in the BSE HEALTHCARE Index is GRANULES INDIA (up 5.3%). The top losers are SUN PHARMA (down 0.1%) and DR. LAL PATHLABS (down 0.2%).

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.

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.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

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

S&P BSE HEALTHCARE


Mar 3, 2021 (Close)

MARKET STATS