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

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 will remain closed on 18th October, 2018 on account of Dussehra.

Indian Indices Trade in Red, Oil on the Boil, and Top Stocks in Action
Tue, 25 Sep Pre-Open | Rini Mehta, TM Team

On Monday, share markets in India opened on a negative note and ended the day in red after a dull day of trading.

The BSE Sensex closed lower by 53 points to end the day at 36,305. While the broader NSE Nifty ended the day down by 136 points to end at 10,975.

Among BSE sectoral indices, realty stocks fell the most by 5.1%, followed by auto stocks at 3.8%. HDFC Ltd and Mahindra & Mahindra. were among the top losers.

Top Stocks in Action Today

Cipla share price is likely to be in focus today after it was reported that the US drug market regulator, USFDA, is carrying out a surprise inspection at the company's Goa facility.

Tata Steel share price will be in focus today after it was reported that the company will acquire the steel business of Usha Martin Ltd for Rs 43-47 billion.

Usha Martin's steel business comprises the specialized 1 million-tonnes-per-annum (MTPA) alloy based manufacturing capacity in the long products segment based in Jamshedpur, a producing iron-ore mine, a coal mine under development and captive power plants.

Oil Prices at 4 Year Highs

Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. Benchmark Brent crude hit its highest since November 2014 at US$ 80.94 per barrel.

OPEC leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out any immediate extra increase in output, effectively rebuffing a call by Trump for action to cool the market.

The Organization of the Petroleum Exporting Countries as well as top producer Russia has been discussing raising output to counter falling supply from Iran, although no decision has been made public yet.

In the past one year alone, oil prices have surged more than 50%.

Also note that rising crude oil prices not only affect fuel prices, but also has many other repercussions for the Indian economy.

They can be a big worry for the Modi government as well.

As Ankit Shah wrote in a recent edition of The 5 Minute WrapUp...

  • During the UPA II regime, India's average annual oil import bill was US$ 133 billion. In fact, in the last three years of Manmohan Singh's leadership, the oil import bill exceeded US$ 150 billion. Compare that with an average annual oil bill of US$ 95 billion during the four years of Modi's leadership.

    The actual savings would have been even higher, because I believe the consumption of crude oil and petroleum products would have been quite higher in the Modi era than the Manmohan era.

    Last Thursday, Brent crude oil prices shot above US$ 80 a barrel.

    This is the highest level since 2014. In the past one year alone, oil prices have surged more than 50%.

    Now, what if oil prices go back to the levels during the Manmohan Singh regime? What would happen to India's current account and fiscal deficit? What would happen to inflation and RBI's stance on interest rates?

    With the next general elections just a year away, rising crude oil prices are going to be a big worry for the Modi government.

    It should worry you too...

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 "Indian Indices Trade in Red, Oil on the Boil, and Top Stocks in Action". Click here!

  

Stock Market Updates

TORRENT POWER LTD Plunges by 5%; BSE POWER Index Down 1.1% (Today's Market)

Oct 17, 2018 03:34 PM

TORRENT POWER LTD share price has plunged by 5% and its current market price is Rs 250. The BSE POWER is down by 1.1%. The top gainers in the BSE POWER Index is POWER GRID (up 0.7%). The top losers are TORRENT POWER LTD (down 5.1%) and SUZLON ENERGY (down 6.2%).

ADANI PORTS & SEZ Plunges by 5%; BSE 500 Index Down 1.6% (Today's Market)

Oct 17, 2018 03:34 PM

ADANI PORTS & SEZ share price has plunged by 5% and its current market price is Rs 340. The BSE 500 is down by 1.6%. The top gainers in the BSE 500 Index are NIIT TECHNOLOGIES (up 5.1%) and MOIL LTD (up 4.8%). The top losers are ADANI PORTS & SEZ (down 5.1%) and HEG LTD (down 6.4%).

INOX WIND Plunges by 6%; BSE CAPITAL GOODS Index Down 1.6% (Today's Market)

Oct 17, 2018 03:34 PM

INOX WIND share price has plunged by 6% and its current market price is Rs 97. The BSE CAPITAL GOODS is down by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are LAKSHMI MACHINE (up 1.9%) and GRAPHITE INDIA (up 1.8%). The top losers are INOX WIND (down 6.3%) and BEML LTD. (down 7.2%).

The BSE METAL Index Down 2% ; JINDAL STEEL & POWER Among Top Losers (Today's Market)

Oct 17, 2018 03:34 PM

The BSE METAL Index Down at 13,222 (down 2.1%). Among the top losers in the BSE METAL Index today are JINDAL STEEL & POWER, TATA STEEL and JSW STEEL. Meanwhile, the BSE Sensex has plunged 1.1% to 35,605.

MAHINDRA HOLIDAYS Plunges by 6%; BSE 500 Index Down 1.6% (Today's Market)

Oct 17, 2018 03:32 PM

MAHINDRA HOLIDAYS share price has plunged by 6% and its current market price is Rs 212. The BSE 500 is down by 1.6%. The top gainers in the BSE 500 Index are NIIT TECHNOLOGIES (up 4.9%) and PHOENIX MILL (up 4.3%). The top losers are MAHINDRA HOLIDAYS (down 5.6%) and HEG LTD (down 6.2%).

Sensex Trades on a Volatile Note; Auto, Realty Stocks Drag (Today's Market)

Oct 17, 2018 12:30 pm

The BSE Sensex is trading up by 70 points, while the NSE Nifty is trading up by 4 points.

View More Indian Share Market News

Most Popular

Don't Panic in This Falling Market... Do This Instead(The 5 Minute Wrapup)

Oct 5, 2018

Find companies with long term durable moats, which are correcting with the current broader market sell-off.

Why You Should Be Excited, Not Sad, About the 30% Small Cap Crash(Profit Hunter)

Oct 4, 2018

Smallcaps have corrected over 30% since the beginning of the year. Find out why Richa Agarwal views this as an opportunity rather than a threat.

Taxpayers to pay salaries of CEOs/CIOs of Mutual Funds(The Honest Truth)

Oct 5, 2018

Ajit Dayal on the crisis in the market and in the mutual fund industry.

IPO Market Feels the Heat of the Market Crash(Sector Info)

Oct 12, 2018

The sentiments in primary market have also deteriorated amid the stock market correction. Most listed IPOs of 2018 are trading below their issue price.

Are These Deep Corrections a Buying Signal?(Chart Of The Day)

Oct 5, 2018

The correction has bought many good companies to reasonable valuations. Go against the wisdom of crowd and Buy.

More

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

S&P BSE SENSEX


Oct 17, 2018 (Close)

MARKET STATS