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  
Oil & Gas stocks weigh on markets 
(Thu, 17 Nov 11:30 am) 
 
Indian stock market indices have been witnessing selling pressure over last two hours of trade. All sector indices are trading weak except for realty stocks.

The BSE-Sensex is trading down by 58 points and NSE-Nifty is trading down by 20 points. BSE Mid Cap and BSE Small Cap indices are trading lower by 0.2% each. The rupee is trading at 50.77 to the US dollar.

Retailing stocks are trading weak led by Zodiac and Provogue. According to a leading financial daily, Titan Industries is set to acquire a Swiss watch brand. The Swiss brand named Favre Leuba will widen the product portfolio of Titan. Titan already sells a variety of products including sub Rs 500 watches, luxury watches, watches for children, watches specially designed for women, etc.

Titan is expected to shell out Rs 130 m for the same. The country's largest watch maker has signed a binding offer with Valfamily SL Spain and Maison Favre Leuba of Switzerland. This will help Titan in gaining global rights of the Swiss brand. Favre Leuba has a rich history in international markets and has been existing since 1737.

Media stocks are trading weak. Jagran Prakashan and Dish TV are the top losers. As per a financial daily, Zee Entertainment is in talks with Comcast Corp and Time Warner Cable Inc. for a distribution deal. The Indian media company wants to expand its reach in the US and is planning to triple the number of households it serves there from 10 m to 35-40 m. Zee has created a US$ 250 m fund for development and acquisition of Veria Living Network. Veria Network is New York based and focuses on health and well being. Earlier, an amount of US$ 100 m was allocated for the stated purpose.

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 "Oil & Gas stocks weigh on markets". Click here!

  
 

S&P BSE SENSEX


May 29, 2017 03:36 PM

MARKET STATS