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?  

Indices lose momentum
Wed, 12 Nov 01:30 pm

Indian share markets pared early gains and trended lower in the post-noon trading session. They continue to trade above the dotted line however. The sectoral indices are trading mixed with auto and banking stocks being the biggest Gainers.

BSE-Sensex is up 90 points and NSE-Nifty is trading 22 points up. BSE Mid Cap is trading 0.5% up and BSE Small Cap index is trading up marginally. The rupee is trading at 61.47 to the US dollar.

Indian pharma stocks are trading mixed with Piramal Enterprise and Aurobindo pharma being the leading gainers, while Cadila healthcare and Orchid chemicals are the leading losers in the pack. As per the financial daily, the Indian pharma companies have witnessed hit in the US sales due to delay in the US drug approvals. Reportedly, the drugmakers expect slowdown in approvals to continue for next two quarters due to ongoing overhaul in the review process. The USFDA had implemented the Generic Drug User Fee Act (GDUFA) programme in October 2012, to expedite the approval for sale of generic drugs. However, not much progress is made to clear the existing backlog of applications. Delay in drug approvals has now begun to impact the US sales.

Power stocks are trading mixed led by CESC and KSK Energy. As per a leading business daily, the central government has asked Coal India to more than double its production and output to 1 billion tonnes by 2019 to feed the current and new power plants. This may enable India to stop imports of thermal coal used for power generation, and the power ministry has indicated that this may happen as soon as in the next three years itself. This will help instill confidence and induce investment in the power generation sector in India, something that has been sorely missing over the past couple of years.

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 "Indices lose momentum". Click here!


Views on News

Top 5 Recent IPO Developments You Should Know (Views On News)

May 12, 2021

So far in 2021, IPOs in India have raised nearly US$ 3 bn, the best start to the year since 2018.

How Did Mindtree Perform in Q4FY21? (Company Info)

Apr 20, 2021

Here's the rundown on the company's latest quarterly results.

Parag Parikh Conservative Hybrid Fund: Should You Invest in Higher Debt Allocation? (Outside View)

May 14, 2021

PersonalFN analyses the features of Parag Parikh Conservative Hybrid Fund and explains the potential this fund has to offer to its investors.

Die Hard 4.0 Redux? (Fast Profits Daily)

May 14, 2021

A Hollywood style cyber-attack has caused shockwaves across financial markets.

What Godrej Consumer's 22% Single-Day Gain Tells About My Blueprint (Profit Hunter)

May 14, 2021

The company's FY21 earnings performance turned out better than my estimates but...

More Views on News

Most Popular

Is Intraday Trading For You? (Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution (Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.


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


May 14, 2021 (Close)