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Indian markets trade in the red
Tue, 13 Oct 01:30 pm

After opening the day on a flattish note, the Indian share markets nosedived and are presently trading in the red. Sectoral indices are trading on a negative note today with IT and banking stocks bearing the maximum brunt.

BSE-Sensex is down 142 points (0.5%) and NSE-Nifty is trading 32 points down (0.4 %). BSE Mid Cap is trading down by 0.3% while the BSE Small Cap is trading up by 0.1%. Gold prices, per 10 grams, are trading at Rs 26,787 levels. Silver price, per kilogram, is trading at Rs 36,880 levels. Crude oil is trading at Rs 3,108 per barrel. The rupee is trading at 65.10 to the US$.

Automobile stocks are trading mixed with Eicher Motor and Hero MotoCorp leading the losses. As per a leading financial daily, the country's largest two-wheeler maker Hero MotoCorp has launched a new version of its 'Splendor Pro' bike, priced at Rs 46,850 (ex-showroom Delhi). This will go on sale at dealerships across the country from today, marking the beginning of the festive season of Navratri. The company in addition to this, has also launched a variant of Splendor+ with a self-start feature.

Yes Bank and South Indian Bank leading the gains. According to a leading financial daily, Kotak Mahindra Bank has reported that its mobile based transactions shot up by 300% to Rs 17 billion in September 2015 as against the same period last year. The bank has said that it is strengthening its digital infrastructure to keep the momentum alive.

recent research update of Kotak Mahindra Bank (subscription required). Scrip of the bank is currently trading down by 0.8%.

video #1 and video #2 of his latest Master Series - Income At Will.

click here to view video #3.

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Oct 19, 2017 (Close)