X

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

MEMBER'S LOGINX

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

Markets will remain closed on 19th & 20th October 2017.
We wish all our readers a very Happy Diwali!

Sensex Trades Deep in Red; Capital Goods Stocks Top Losers
Fri, 22 Sep 01:30 pm | Prasheel Vartak, TM Team

After opening the day on a negative note, share markets in India have continued the trend and are currently trading deep in red. Sectoral indices are trading on a negative note with stocks in the metals sector and stocks in the capital goods sector leading the losses.

The BSE Sensex is trading down by 310 points (down 1%), and the NSE Nifty is trading down by 116 points (down 1.2%). Meanwhile, the BSE Mid Cap index is trading down by 1.7%, while the BSE Small Cap index is trading down by 1.6% The rupee is trading at 64.82to the US$.

In news from stocks in the IPO space. Prataap Snacks' Rs 4.2 billion IPO opens for subscription today. The firm, which runs operates under the Yellow Diamond brand, has fixed a price band of Rs 930-938per share.

Ahead of the IPO, the company raised over Rs 1.4 billion by alloting shares to institutional investors as a part of its anchor book allottment.

A total of fifteen investors bought 1.5 million shares at the upper end of price band at Rs 938 per share.

Just Released: Multibagger Stocks Guide
(2017 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

The IPO closes on 26 September. The company is looking to raise Rs 2 billion in primary capital through the IPO, while some existing shareholders are selling shares in a secondary offering.

Proceeds from fresh issue will be utilized towards debt repayment, funding capex, investment in subsidiary, marketing and branding and for general corporate purposes. We have analysed and reviewed the IPO have released its recommendation note. You can check the same on the IPO page.

IPO Market Buzzing

With multiple offerings lined up, it becomes difficult to evaluate and pick out the best opportunity, if any exists. Not all IPOs will have fortunes like the D-Mart IPO, as the IPO game is inherently rigged against the retail investor.

We don't need to back all the IPOs to get rich. But a few good IPOs could certainly become the multibagger in your portfolio in a few years. We have come out with a special report titled, How to Get Rich with IPOs. It is a comprehensive report that aims to cut through all the hoopla surrounding IPOs. This guide will show you how to safely profit from the 2017 IPO rush.

Moving on to news from stocks in the auto sector. Tata Motors share price is in focus today after the company outlined its passenger vehicles pipeline.

The automobile major said that it has lined up three new passenger vehicles (PV) in the design stage to fulfil the gap in the segment it operates in.

The company added that with the launch of its latest compact SUV Nexon, it completed 71% of its passenger vehicles category, and that it has three cars lined up in the design stage that will meet the gap in the segments.

The three cars would in the five-seater, seven-seater SUVs and premium hatchback categories. The design of the cars would take place at the company's three studios located at Pune, Coventry (UK) and Turin (Italy). Tata Motors plans to launch the cars by the end of 2019-20.

In the last 16 months, the company launched three models -- Tiago, Tigor and the Hexa. At present the compnay plans to consolidate its offerings in the market and plans to curtail production platforms from six to two.

At the time of writing, Tata Motors share price was trading up by 1%.

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 "Sensex Trades Deep in Red; Capital Goods Stocks Top Losers". 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


Oct 19, 2017 (Close)

MARKET STATS