Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Volatility plagues Indian indices
Mon, 19 Nov Closing

Indian equity markets had a rather volatile trading session today. While they began the day's proceedings on a positive note, subsequent hours saw the indices oscillate to either side of Friday's close. The final trading hour, however, saw buying intensify as a result of which the indices managed to close barely above the dotted line. While the Sensex today closed higher by 30 points (up 0.2%), the NSE-Nifty today closed flat. However, the BSE Mid Cap and the BSE Small Cap bucked the trend as they lost 1% each. While gains were largely seen in auto and FMCG stocks, consumer durables and healthcare stocks were at the receiving end.

As regards global markets, most Asian indices closed mixed today while European indices have also opened on a mixed note. The rupee was trading at Rs 55.04 to the dollar at the time of writing.

Steel stocks closed in the red today with the key losers being Tata Steel, Steel Authority of India (SAIL) and JSW Steel. Tata Steel announced results for the second quarter ended September 2012. Consolidated topline grew by just 4.1% YoY on back of lower sales volume. Consolidated operating profit was down by 19.4% YoY while the operating margins reduced by nearly 1.9%. On a consolidated basis, the company reported a net loss as against a net profit when compared to the same period last year. On a standalone basis, the company reported an increase of 11.4% YoY in net sales and a decline of 9.7% YoY in net profits. For the half year ended September 2012, on a consolidated basis the company reported a 3% YoY increase in net sales and 98.1% YoY decline in net profits.

Wockhardt also announced results for the second quarter ended September 2012. Topline grew by 29% YoY during the quarter led by growth in its international business. Excluding the nutrition business (the company sold this business last fiscal), growth was at 38% YoY. US witnessed growth of 22% in constant currency terms and 47% in Rupee terms. Currently, the US contributes around 48% to total business against 31% and 44% in FY11 and FY12 respectively. The higher contribution is due to launch of Toprol and Para IV launches under low competition with Toprol being the key product for the company. India business (excluding Nutrition business) grew at a low rate of 4%. This was due to restructuring of the field force during quarter. Operating margins improved dramatically by 11.6% leading to an 85% YoY growth in operating profits. This was largely due to one time inventory impact, and slight improvement in the other segments. It is pertinent to note that company's forex position is open. Thus, the depreciation of the rupee too played a role in margin improvement. Bottomline increased by 477% YoY during 2QFY13, due to exceptional gain in 2QFY13 as against an exceptional loss in 2QFY12. The stock closed lower today.

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 "Volatility plagues Indian indices". Click here!

  

Stock Market Updates

Sensex Zooms 1,030 Points, Nifty Tops 14,980-Mark; HDFC Bank Among Top Gainers (Today's Market)

Feb 24, 2021 Closing

Indian share markets witnessed huge buying interest during the extended closing hours today and ended their day on a strong note.

Sensex Rises 477 Points; Trading Resumes on NSE (Today's Market)

Feb 24, 2021 Special Update

The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.5% (Today's Market)

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

MUTHOOT FINANCE Share Price Down by 6%; BSE 500 Index Up 0.5% (Today's Market)

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

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

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Sensex Trades Over 200 Points Higher; Dow Futures Down by 103 Points (Today's Market)

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

View More Indian Share Market News

Most Popular

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years(Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

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

S&P BSE SENSEX


Feb 24, 2021 (Close)

MARKET STATS