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?  

Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

Indian markets open in red
Tue, 10 Nov 09:30 am

Barring the stock market in China (up 0.3%), major Asian stock markets have opened the day on a disappointing note. Stock markets in Korea (down 1.5%) and Hong Kong (down 1%) are the top losers in the pack. Major stock indices in Europe and US ended their previous session on a dismal note. The rupee opened trading at 66.33 per US$.

Meanwhile, Indian stock markets have opened the day on a negative note owing to weak global cues. The BSE-Sensex is trading lower by 130 points (down 0.5%) and NSE- Nifty is trading lower by 35 points (down 0.4%). BSE Mid Cap is trading marginally lower by 0.08%. However, BSE Small Cap is trading higher by 0.2%. Majority of the sectoral indices have opened the day on a weak note too. Stocks from oil & gas and telecommunication sector are witnessing maximum selling pressure.

Tata Power reported its results for the quarter ended September 2015. The company reported a growth in consolidated revenues by 7% on a YoY basis. The revenues expanded on the back of increase in generation of electricity which grew by 6.6% YoY.

The losses from the Ultra Mega Power Project (UMPP) in Mundra reduced significantly by 73% to Rs 740 m for the quarter ended September. This was largely due to fall in the prices of coal.

The operating profits of the company reported a growth of 19% owing to lower fuels costs and higher output. The company reported a profit of Rs 2473 m in this quarter as compared to a loss of Rs 777 m in the year ago period.

Going forward, delay in the order for the compensatory tariff for the Mundra plant and the stake sale from the Arutmin coal mine in Indonesia will be the key things to watch out.

The stock of Tata Power is trading up by 2%.

Dr Reddy's had recently received a Warning letter from the USFDA regulator on its three facilities. As reported in a financial daily, among the various concerns highlighted by the USFDA, it also expects the company should increase the scope of work from the third party. A third party audit is conducted when the regulator does not have comfort about a company's internal procedures. The special audit is ordered, just few days after the company has received a warning letter from the regulator stating violation of its manufacturing standards at three of its plants in India. The violation in the manufacturing standards was in relation to inadequate quality control in documentation and lab testing procedures.

The warning would mean that the company will not receive any approvals for the new drugs at the above three plants until it fixes the problems, while it can continue to manufacture and supply existing products in the US market. The company is taking various remedial measures, including site transfer of its products that are being manufactured in these facilities. Quite recently, Bhavita Nagrani our in-house Pharma Analyst had written an interesting piece on the growing regulatory issues, in one of our 5 Minute Premium edition(subscription required). Here she has discussed in-depth about the changing regulatory landscape, and challenges that companies like Dr Reddy's are facing. Read on to know more about them.

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 open in red". Click here!


Views on News

Best Banking & PSU Debt Funds to Invest in 2021 (Outside View)

Apr 13, 2021

PersonalFN explains the outlook for Banking & PSU Debt funds and the best Banking & PSU Debt funds that can be considered for investment in 2021.

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

Why Did the Market Crash on Monday? (Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

The Next Set of Smallcap Winners (Profit Hunter)

Apr 13, 2021

Price is the only due diligence one might require to buy this business.

Should Mutual Fund Investors Worry About Partial Lockdown? (Outside View)

Apr 12, 2021

PersonalFN explains whether the second wave of COVID-19 infections impact your mutual fund investments.

More Views on News

Most Popular

My Recent Recommendation Will Profit from the Global Supply Chain Crisis (Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy (Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave (Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

If the Market Falls, I Will Do This... (Fast Profits Daily)

Apr 1, 2021

What should you do if the market falls? In this video, I'll tell you what I will do.

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.


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


Apr 13, 2021 (Close)