Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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

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 Indices Trade Weak, Inflation Quickens in October, and Top Stocks in Action
Wed, 15 Nov Pre-Open | Prasheel Vartak, TM Team

On Tuesday, share markets in India opened flat and traded volatile throughout the day and ended the day deep in red.

The BSE Sensex closed lower by 92 points to end below 33,000 levels at 32,942 while the broader NSE Nifty ended the day lower by 38 points to close at 10,187.

Among BSE sectoral indices, capital goods index fell the most by 1.4%, followed by PSU stocks at 0.9%. Power Grid Corp and Larsen & Toubro (L&T), were among the top losers.

Top Stocks in Action Today

Sun Pharma share price is likely to be in focus today the company reported a 59% dip in consolidated net profit for the quarter. Whereas, revenues declined 19.5% to Rs 66.5 billion compared to Rs 82.6 billion in the same period a year ago.

Bharti Airtel share price will be among the stocks to watch today after the company sold over 83 million shares in its subsidiary Bharti Infratel through secondary share sale. The sale was for a total consideration of over Rs 33.3 billion and was executed at a price of Rs 400.6 per share, representing a discount of 3.6% to the previous day's closing price. Bharti Airtel will primarily use the proceeds from this sale to reduce its debt.

Just Released: Multibagger Stocks Guide
(2018 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Inflation Picks up in October

According to data released by the Central Statistics Office (CSO), retail inflation as measured by the Consumer Price Index (CPI) rose to a six-month high of 3.58 % in October 2017, up from 3.28% in September.

Similarly, wholesale inflation as measured by the Wholesale Price Index (WPI) rose to 3.59% in October, a sharp rise from of 2.6% in September 2017.

Food articles turned out to be major drivers as the data showed that prices of wholesale food articles rose by 3.2% in October, as against a 2% rise in the previous month. Retail vegetable prices to drove inflationary trends as they rose 7.5% over last year.

Rising inflation could lower hopes of a rate cut by the Reserve Bank of India (RBI) in its next policy meet due in December.

Last month, the RBI's Monetary Policy Committee (MPC) forecasted that retail inflation will hover around 4.2-4.6% between October-March this year, higher than the previous projection of 4-4.5%.

The RBI retained its neutral policy stance, citing uncertainty on the future trajectory of inflation because of several uncertainties, flagging possible return of inflationary pressures. However, it also kept the door ajar for a future rate cut if incoming data were conducive. While the government has been eyeing a sharp cut in interest rates, RBI has maintained its cautious stance.

Global Indices Mixed over Macro Cues

Global financial markets were mixed as doubts over the US tax reform continued to weigh in. However, strong German economic growth data gave European stocks a lift after five days of falls put them at a two-month low. The uplift to sentiment came after disappointing Chinese industrial and retail figures had subdued Asia. Market participants are focused on the progress of a U.S. tax-cut plan being developed by President Donald Trump. Tax negotiators in the U.S. House of Representatives seek to overcome their differences this week and work on a plan, aiming for their self-imposed deadline of passage this month.

IPO Buzz

Khadim India made a weak debut on the bourses today.

The Kolkata based footwear company's shares opened at a discount of over 4%, and closed at at Rs 689 a discount of over 8% to its issue price of Rs 750.

The initial public issue (IPO) of Khadim India, which ended on 6 November 10, was subscribed about 1.9 times. The price band for the offer was fixed at Rs 745-750 per share.

Khadim India would be utilising the net IPO proceeds towards payment of loans and general corporate purposes.

The company is the second largest footwear retailer in India. It operates exclusive retail stores under the 'Khadims' brand with major presence in East India. We had analysed and reviewed the IPO and released a recommendation note. You can check the same on the IPO page.

IPOs are all the rage in the share markets these days. With new companies listing by the day, all with promises of superior returns.

However, we don't need thousands of IPOs to get rich. That's not how super investors make their fortunes. But a few good IPOs could certainly become the multibaggers in your portfolio in a few years.

We have reviewed each of them and have released their recommendation notes. You can check the same on their IPO page.

Download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the 2017 IPO rush.

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

Equitymaster requests your view! Post a comment on "Indian Indices Trade Weak, Inflation Quickens in October, and Top Stocks in Action". Click here!


Stock Market Updates

NCC LTD Surges by 6%; BSE REALTY Index Up 3.0% (Today's Market)

Dec 19, 2018 12:57 PM

NCC LTD share price has surged by 6% and its current market price is Rs 90. The BSE REALTY is up by 3.0%. The top gainers in the BSE REALTY Index are NCC LTD (up 5.6%) and DLF LTD (up 6.9%). The top losers is OBEROI REALTY (down 0.3%).

The BSE REALTY Index has hit an all-time high at 1,896 (up 2.9%) (Today's Market)

Dec 19, 2018 12:51 PM

The BSE REALTY Index has hit an all-time high at 1,896 (up 2.9%). Among the top gainers in the BSE REALTY Index today are DLF LTD and INDIABULLS REAL EST. Meanwhile, the BSE Sensex has surged 0.3% to 36,500.

VIJAYA BANK Surges by 5%; BSE BANKEX Index Up 0.6% (Today's Market)

Dec 19, 2018 12:47 PM

VIJAYA BANK share price has surged by 5% and its current market price is Rs 46. The BSE BANKEX is up by 0.6%. The top gainers in the BSE BANKEX Index is VIJAYA BANK (up 5.1%). The top losers are KOTAK MAH. BANK (down 0.3%) and INDUSIND BANK (down 0.3%).

MARICO LTD at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Dec 19, 2018 12:45 PM

MARICO LTD share price has hit a 52-week high. It is presently trading at Rs 389. BSE 500 Index is up by 0.7% at 14,657. Within the BSE 500, MARICO LTD (up 1.7%) and NAVKAR CORP. (up 12.1%) are among the top gainers, while top losers are RELIANCE COMMUNICATIONS and RELIANCE NAVAL & ENGINEERING LTD.

SIEMENS Surges by 6%; BSE CAPITAL GOODS Index Up 0.8% (Today's Market)

Dec 19, 2018 12:39 PM

SIEMENS share price has surged by 6% and its current market price is Rs 1,036. The BSE CAPITAL GOODS is up by 0.8%. The top gainers in the BSE CAPITAL GOODS Index are SIEMENS (up 5.6%) and NBCC (INDIA) LTD (up 9.6%). The top losers are CARBORUNDUM UNIVERSAL (down 0.6%) and ELGI EQUIPMENTS (down 1.1%).

Sensex Opens Over 100 Points Up; Energy & FMCG Stocks Gain (Today's Market)

Dec 19, 2018 09:30 am

: Indian share markets open higher with Sensex up by 102 points, while the Nifty is trading up by 39 points.

View More Indian Share Market News

Most Popular

It's Almost the Perfect Time to Buy This Safe Stock(The 5 Minute Wrapup)

Dec 6, 2018

My latest StockSelect recommendation ticks all the boxes of a great safe stock.

Patel's Exit, Election Results, and 4 'Must Have' Small Caps in These Exceptional Times(Profit Hunter)

Dec 11, 2018

RBI Governor's resignation is a statement of dissent with the way government is handling the economy's affairs and could lead to some serious market correction. Here's how to make the most of it.

Players in an Oligopoly Should Have Financials Like This(Chart Of The Day)

Dec 7, 2018

This stock has corrected 30% from peak and looks attractive at these valuations.

Should You Deploy Your Savings In Mirae Asset Equity Savings Fund?(Outside View)

Dec 7, 2018

PersonalFN briefly sheds light on the NFO: Mirae Asset Equity Savings Fund and the investment risk associated in it along with its outlook.

Should You Alter Your Mutual Fund Portfolio Based on the Election Results?(Outside View)

Dec 11, 2018

PersonalFN explains why mutual fund houses seem to be in two minds now and what should investors do in these times.


Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Dec 19, 2018 01:43 PM