X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Indian equity markets slide 
(Mon, 10 Nov 11:30 am) 
 
After opening firm, the Indian Indices are witnessing broad based selling pressures during the morning trading session. Stocks from Capital goods sector and oil and gas sector are the leading losers. FMCG stocks are leading the pack of gainers

The BSE-Sensex is trading down 44 points. The NSE-Nifty is trading down 16 points. Both mid cap and small cap stocks are in favour today. The BSE Mid Cap index is trading up 0.2% and the BSE Small Cap index is trading up by 0.1%%. The rupee is trading at 61.52 to the US dollar.

Indian pharma stocks are trading mixed today. While Ranbaxy Laboratories and Dishman pharmaceuticals are the leading gainers; Glenmark Pharma and Piramal Enterprise are among the leading losers. Sun pharmaceuticals subsidiary, Taro pharma has declared September quarter results. The company reported 22.2% increase in net sales. However, company witnessed some decrease in sales volumes. The gross margins for the quarter stood at 79% vs 77.7% in 2QFY14. The company's other operating expenses to declined during the quarter. On the bottom line, the net profits were up by 48% YoY. Sun pharma is trading up by 4% at the time of writing.

Most of the Mining stocks are trading weak with MMTC and Hindustan Zinc being the leading losers. As per the financial daily, Coal India board has ratified the first 1600 MW pithead thermal power project by its subsidiary Mahanadi coalfields at a capital expenditure of Rs 110 bn. Through this the company will foray into electricity generation by the world's biggest coal producer. Reportedly, yesterday the management, without any independent directors on the board five other mining projects were cleared which would generate 30 m tones of coal. The Government is yet to appoint any of the seven independent directors out of total board strength of 14. The independent director berths have been vacant since September 11, 2014.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Indian equity markets slide". Click here!

  
 

S&P BSE SENSEX


May 26, 2017 02:46 PM

MARKET STATS