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
  • MyStocks


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

Weak Start to the Week
Mon, 7 Dec Closing

Indian equity markets closed weak for the fourth straight session as selling activity picked up as the day progressed. The BSE-Sensex finished lower by 108 points while the NSE-Nifty fell 17 points amidst profit booking. The FMCG sector was the worst performing sector with its representative index plunging by nearly 2.5%. While the BSE Mid Cap stocks fell nearly 0.1%, BSE Small Cap stocks closed higher by 0.2%.

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.99% and the Shanghai Composite rose 0.34%. The Hang Seng lost 0.15%. European markets are broadly higher today with shares in Germany leading the region. The DAX is up 1.68% while France's CAC 40 is up 1.36% and London's FTSE 100 is up 0.55%. The rupee was trading at 66.63 against the US$ in the afternoon session.

According to a leading financial daily, Siemens has won a crucial order approximately worth Rs 3.77 billion from Indian Railways' Diesel Locomotive Works (DLW), Varanasi. The scope of work for the project involves supply of 1,890 Traction Motors for 4,500 HP Diesel Electric Locomotives. The Traction Motors will be produced at Kalwa Factory of Siemens.

Siemens had reported a 49.8% plunge in standalone net profit at Rs 2.19 billion for the quarter ended September 30, 2015. The stock closed higher by 1.3% today.

2015 has been a disappointing year for the Indian engineering industry. Majority of the stocks from the space have underperformed, barring a few exceptions. The broader issue surrounding the sector is that of the economic recovery not panning out as anticipated and the investment cycle not picking up with stalled projects yet to kick off in a big way. In our recent articles of '5 Minute Wrap Up', we outlined the engineering stocks which have underperformed the Sensex and what is expected of engineering sector going forward (Subscription Required).

According to a leading financial daily, Dr. Reddy's Laboratories has signed a Memorandum of Understanding (MoU) with The Life Sciences Sector Skill Development Council (LSSSDC) and Vishnu Institute of Pharmaceutical Education and Research (VIPER). The MoU is aimed at fostering market research collaboration between LSSSDC and industry partners that in turn will help align educational courses to industry requirements. The MoU will also collaborate to create pharmaceutical, biotechnology and clinical research occupation standards, as well as establish a competency matrix for job roles in the pharmaceutical sector.

Reportedly, the partnership will also help strengthen the skilled labor pool and create standards for certification and accreditation, as per the requirements of the life sciences sector. Pharma stocks finished on a mixed note, with Sun Pharma and Dishman Pharma leading the gains.

As per available data, the global biosimilar market (also known as follow-on biologics) is expected to reach US$35 billion in 2020, up from US$1.13 billion in 2013. This means this market is expected to grow at a compound annual growth rate of 60% from 2014-2020. Biologics use has been increasing rapidly. In our recent edition of 'The 5 Minute Wrap Up Premium', we highlight the companies that are making a stride in biopharmaceutical sector (Subscription Required).

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 "Weak Start to the Week". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Jan 16, 2018 02:59 PM