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?  

Indian indices slip further in the red
Mon, 12 Dec 01:30 pm

Indian stock markets indices lost further ground in the last two hours of trade on the back of persistent selling across heavyweights. All the sectoral indices are trading in the negative with auto and capital goods stocks leading the pack of losers.

The BSE-Sensex is trading down 275 points and NSE-Nifty is trading weak by 77 points. Both BSE Mid Cap and BSE Small Cap indices are trading down 0.9%. The rupee is trading at 52.49 to the US dollar.

Energy stocks are trading in the negative today led by Essar Oil Ltd and Reliance Industries. As per a leading financial daily, Bharat Petroleum Corporation Ltd. (BPCL) aims to diversify into petrochemicals by building a niche specialty chemical project at Kochi. The project is estimated to cost Rs 50 bn-60 bn and the company plans to rope in a multinational partner for the same. Besides, the company has plans to expand the capacity of Kochi refinery from 9.5 million tonnes per annum (MTPA) to 15 MTPA. The total expenditure for both the projects is estimated at Rs 180 bn to Rs 200 bn over a period of five years. The stock was trading in the red.

As per a leading financial daily, the industrial output, that had been growing since July 2009, has fallen for the first time in October 2011. The Index of Industrial production (IIP) for the month contracted by 5.1%, pulled down by a steep 25.5% slump in the capital goods output. Although the broad indices have been trading in the negative, the capital goods sector was the biggest loser, down 2.6%. As per Larsen and Toubro's management, the slowdown in IIP and GDP growth was expected and the growth in capital goods space could be slow for the next two years. The news has further reinforced the fears of a slowdown in the economy.

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 "Indian indices slip further in the red". 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


Feb 23, 2018 (Close)