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?  

Realty out of favour
Tue, 23 Nov 11:30 am

Indian indices continue to languish in the red on profit booking in heavy weights over the last two hours of trade. Stocks from realty and banking space are trading in the red while stocks only from the IT space are trading in the green.

The BSE-Sensex is down by 166 points while NSE-Nifty is trading 55 points below the dotted line. BSE-Midcap is down by 0.5% while BSE-Smallcap index trading 0.4% below yesterday’s closing. The rupee is trading at 45.57 to the US dollar.

Auto stocks are trading weak with Maruti Suzuki and Ashok Leyland leading the pack of losers. However, M&M and Eicher Motors have registered decent gains. Bajaj Auto plans a massive distribution network expansion by adding 130 new dealerships and upgrading 1,100 service centers by the end of next festive season. These new dealerships would mostly be in small towns which will help the company to increase its share in these towns which are inadequately catered. The company is also working with a reputed international design agency to enhance the experience at its dealerships. Further, the company also plans to upgrade its service centers at an investment of Rs 180 m so as to improve service standards in these markets. Since a typical Bajaj dealership requires huge space and has a direct employment potential, this expansion drive is likely to create job opportunities in smaller towns

Textile stocks are trading weak led by Vardhaman Textiles and Alok Industries. As per a leading financial daily, retailer Arvind Brands, a subsidiary of Arvind Limited is planning to launch premium brands from the US and Europe for both women and youth by the middle of 2011. The company is not strong in women’s western wear and with this initiative, is planning to change that. It may be recalled that Arvind Limited had entered the women’s wear segment in 2005 through its brand Arrow. However, it was not a successful venture and the company withdrew from this segment in 2007.

As per a report by Technopak Advisors, the Indian textiles and apparel industry was worth Rs 2.2 tn in 2009 (branded apparel market worth Rs 600 bn). Men’s wear accounts for 43% market share, and growing at 9% YoY annually. Women’s wear is growing faster at 12% YoY annually and is expected to garner a market share of 43% by 2020.

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 "Realty out of favour". Click here!


Stock Market Updates

J&K BANK Share Price Up by 8%; BSE BANKEX Index Up 2.8% (Today's Market)

Mar 3, 2021 03:35 PM

J&K BANK share price is trading up by 8% and its current market price is Rs 32. The BSE BANKEX is up by 2.8%. The top gainers in the BSE BANKEX Index are J&K BANK (up 7.6%) and RBL BANK (up 5.2%).

RELIANCE IND. Share Price Up by 5%; BSE OIL & GAS Index Up 1.3% (Today's Market)

Mar 3, 2021 03:27 PM

RELIANCE IND. share price is trading up by 5% and its current market price is Rs 2,216. The BSE OIL & GAS is up by 1.3%. The top gainers in the BSE OIL & GAS Index is RELIANCE IND. (up 5.1%). The top losers are PETRONET LNG (down 0.1%) and BPCL (down 0.4%).

AU SMALL FINANCE BANK at All Time High; BSE BANKEX Index Up 2.8% (Today's Market)

Mar 3, 2021 03:23 PM

AU SMALL FINANCE BANK share price has hit an all time high at Rs 1,224 (up 4.2%). The BSE BANKEX Index is up by 2.8%. Among the top gainers in the BSE BANKEX Index today are AU SMALL FINANCE BANK (up 4.2%) and KOTAK MAHINDRA BANK (up 3.0%).

REDINGTON Share Price Down by 5%; BSE 500 Index Up 1.9% (Today's Market)

Mar 3, 2021 03:13 PM

REDINGTON share price is trading down by 5% and its current market price is Rs 200. The BSE 500 is up by 1.9%. The top gainers in the BSE 500 Index are IFCI (up 19.9%) and IDBI BANK (up 12.1%). The top losers are REDINGTON (down 5.1%) and SYMPHONY (down 5.1%).

RBL BANK Share Price Up by 5%; BSE BANKEX Index Up 2.7% (Today's Market)

Mar 3, 2021 03:09 PM

RBL BANK share price is trading up by 5% and its current market price is Rs 249. The BSE BANKEX is up by 2.7%. The top gainers in the BSE BANKEX Index are RBL BANK (up 5.0%) and FEDERAL BANK (up 5.7%).

Sensex Trades Over 500 Points Higher; Dow Futures Up by 147 Points (Today's Market)

Mar 3, 2021 12:30 pm

BSE Sensex is trading up by 586 points, while the NSE Nifty is trading up by 190 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...


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


Mar 3, 2021 (Close)