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?  

Small caps outperform
Mon, 15 Sep Closing

The Indian equity markets lost further ground in the final hours of trade. While the BSE Sensex today closed lower by 245 points, the NSE-Nifty closed lower by 64 points. Midcaps and Smallcaps however managed to outperform the benchmark indices today. The BSE Mid Cap index closed higher by 0.2% and the BSE Small Cap index closed the day higher by 0.7%. Most sectoral indices posted losses, with metal and energy stocks being the top losers today.

As regards global markets, Asian indices closed on a mixed note today, with the Singapore and Hong Kong markets posting the biggest losses. The rupee was trading at Rs 60.99 to the dollar at the time of writing.

Auto stocks have ended the day on a weak note, with TVS Motors and M&M closing the day with the biggest declines. As per a leading business daily, while medium & heavy commercial vehicles have seen sales getting better over the last 3 months, the auto ancillary companies that supply parts and components to this segment of the auto industry are not yet as optimistic on the recovery in commercial vehicles. Managements of the vendors to many original equipment manufacturers in the commercial vehicle space remain circumspect about the current trend being sustainable, and feel that base effect is helping the recent data look more positive than it is as CV sales had fallen steeply in the past 2 years.

Banking stocks ended the day on a positive note, with Andhra Bank and Dena Bank leading the list of gainers today. As per a leading business daily, the government has raised concerns on violations of lending practices and 'ever-greening' of loans, especially amongst public sector banks. Ever greening of loans refers to the practice of extending fresh loans to borrowers so that they can pay old overdue loans. The finance ministry has directed public sector banks to end this practice. However, some from the banking industry reckon that this may have an effect of increasing the pile up of bad loans in the Indian banking system.

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 "Small caps outperform". Click here!


Views on News

The Best Stocks in a Volatile Market podcast (Views On News)

Mar 5, 2021

Rahul Shah on the qualities that make for a good investment in an up and down market.

A New Super Cycle in Metals? (Fast Profits Daily)

Mar 5, 2021

In this video, I'll tell you if there is huge money to be made in metals or if there is more to the super cycle story.

Mirae Asset Corporate Bond Fund: Aiming for Growth with Focus on Quality and Liquidity (Outside View)

Mar 5, 2021

PersonalFN analyses the features of Mirae Asset Corporate Bond Fund and explains the potential this fund has to offer to its investors.

Charge Your Portfolio with this Smallcap Proxy Play on India's EV Revolution (Profit Hunter)

Mar 5, 2021

This could be the biggest wealth creator of the decade.

Inflation & Your Investments (Fast Profits Daily)

Mar 4, 2021

Inflation is the buzz word in the world of finance these days. It impacts all of us. Here's how it affects your investments.

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.

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...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot 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


Mar 5, 2021 (Close)