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?  

Asian markets continue downhill ride
Wed, 30 Nov 09:30 am

Most Asian stock markets have opened the day on a weak note with stock markets in China (down 2.3%), Hong Kong (down 1.8%) and Taiwan (down 1.3%) leading the losses. However, markets in Malaysia (up 0.7%) and Indonesia (up 0.3%) are trading firm. The Indian stock market have opened the day in the red. Stocks in the consumer durables and capital goods space are leading the losses.

The BSE-Sensex is trading lower by 85 points (0.5%), while the NSE-Nifty is down by around 25 points (0.5%). Mid cap and small cap stocks are also trading in the red, with the BSE Mid Cap and BSE Small Cap indices down by 0.3% and 0.1% respectively. The rupee is trading at 52.15 to the US dollar.

Auto stocks have opened the day on a mixed note with Maruti Suzuki and Hero MotoCorp trading firm. However, Tata Motors and Ashok Leyland are facing selling pressure. As per a leading financial daily, India's leading passenger car manufacturer Maruti Suzuki has finalised a deal with Italian carmaker Fiat. As per the deal, Maruti will source up to 1 lakh diesel engines per year from Fiat. With this deal Maruti plans to increase the production of Swift hatchback from January 2012. A significant rise in petrol prices has boosted the demand diesel cars. While on the one hand the company is having a surplus capacity of petrol cars, it does not have enough capacity to meet the rising demand for diesel models. During the early part of November, 2011, Maruti hiked prices of diesel cars by up to Rs 10,000.

Pharma Stocks have opened the day on a weak note with Ranbaxy Laboratories, Aurobindo Pharma and Opto Circuit leading the losses. Pfizer's Lipitor, the largest selling drug in the world will lose its patent in the US today as the expiry is due. However, the big question is: Will Ranbaxy Laboratories be able to get a slice of that pie? Generic pharma company, Ranbaxy, has six-month exclusivity on the product, but with the company yet to resolve regulatory problems related to the manufacturing facilities in India, uncertainty remains over its exclusivity. Ranbaxy and its Japanese parent Daiichi Sankyo have in the past been confident of being able to launch their generic version of Lipitor in 2011. However, the company has not given any road map for the same yet.

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 "Asian markets continue downhill ride". Click here!


Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

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 Worst Sector in the Market(Fast Profits Daily)

May 11, 2021

The worst sector in the stock market according to the charts.

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 03:37 PM