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?  

Indian markets trade in the red
Fri, 16 Oct 01:30 pm

After opening the day on a flat note, the Indian Indices inclined southwards and continued to trade negatively in the post noon trading session. Sectoral indices are trading on a mixed note with stocks from the banking and FMCG sectors leading the losses. However capital goods and auto stocks are trading firm.

The BSE-Sensex is trading down 47 points (down 0.2%) and the NSE-Nifty is trading down 14 points (down 0.2%). The BSE Mid Cap index is trading up by 0.1% while the BSE Small Cap index is trading marginally down. Gold prices, per 10 grams are trading at Rs 27,089 levels. Silver price, per kilogram, is trading at Rs 37,260 levels. Crude oil is trading in green with a gain of 2.4% or Rs 71 and is trading at Rs 3,057 per barrel. At the time of writing, the rupee stood at 64.89 to the US$.

As per a leading financial daily, IT services provider Cyient has posted its results for the second quarter ended September 30, 2015. The company has reported a 9.25% jump in its net profit to Rs 985.3 million on a YoY basis. Revenues stood at Rs 7,716 million for the quarter under review, reflecting a YoY growth of 14.8%.

The company has stated that budget cuts at a couple of large customers have impacted growth to some extent. Further, it added that with strong business pipeline across its services business, the revenue momentum will continue in the coming quarters.

It is important to note that the company has acquired the aerospace after-market services business of Pratt & Whitney Singapore, besides adding 20 new clients during the July-September quarter. Stock of the company is presently trading down by 10.8%.

Energy stocks are trading mixed with Gujarat Gas Ltd and Indraprashta Gas leading the losses. As per a leading financial daily, GAIL (India) and the Government of Jharkhand have signed a Gas Cooperation Agreement (GCA) for creation of Natural Gas and City Gas Distribution infrastructure. This will facilitate construction of 'Urja Ganga' Jagdishpur - Haldia Pipeline project in the state. The pipeline is slated to pass through six districts of Jharkhand, i.e., Bokaro, Giridih, Hazaribagh, Singhbhum, Ranchi and Dhanbad. The same will have a total length of 340 kms in the state, of which 174 kms will be the mainline and 166 kms spur lines.

Moreover, the GCA will also facilitate establishment of pipeline connectivity from the seven Coal Bed Methane (CBM) blocks awarded in the state to various consumption centers. Also, the 2,000 km-long JHPL, the 'Energy Highway' of Eastern India being constructed by GAIL, will carry eco-friendly Natural Gas to eastern Uttar Pradesh, Bihar, Jharkhand and West Bengal.

While expansion of gas pipeline network in these regions is a step in the correct direction, the government also needs to take steps to sort out the issue of shortage in domestic gas supply.

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 "Indian markets trade in the red". 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)