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?  

Indian stock markets lose further ground
Tue, 20 Dec 01:30 pm

Indian stock markets plunged deeper into the red in the last two hours of the trade as selling persisted across index heavyweights. Barring FMCG, all sectoral indices were trading weak.

The BSE-Sensex is trading down 126 points and NSE-Nifty is trading down 43 points. BSE Mid Cap and BSE Small Cap indices are trading weak by 1.3% and 1.1% respectively. The rupee is trading at 53.03 to the US dollar.

Engineering stocks are mainly trading in the red led by Shanthi Gears and Jain Irrigation. As per a leading financial daily, Larsen and Toubro (L&T), that has been witnessing a significant order slowdown on account of policy paralysis in the country, might receive a boost as it hopes to bag new contracts. The company will be bidding for the construction of the new Abu Dhabi airport. The bids will be opened in December end. The company, along with consortium partners, expects to get contracts worth upto US$ 4 bn. The order would entail construction of airport terminal, runway, traffic control system, equipment handling and overall infrastructure building. In November last year, the company had bid for the Al-Salalah airport in Oman in partnership with Galfar Engineering and Construction. The company is facing tough times and has recently revised its order inflow target to 5% from the earlier guidance of 15%. It also expects margins to take a hit on account of inflation.

Stocks from the media sector are trading mixed with Fame India and Next Mediaworks leading the pack of losers and Network 18 Media leading the gainers. Broadcasting & cable television industry seems set to benefit from the recent parliamentary approval to digitize cable television. According to a leading business daily, digitization will be achieved across the country by 2014 in four-phases with the first phase envisaging the roll-out in metropolitan cities by June 2012. This will provide a fillip to Direct-to-home (DTH) services mode for digitization. Thus DTH service providers such as Dish TV, Airtel, Videocon, Sun TV, Reliance Big TV and Tata Sky will benefit. This is likely to trigger consolidation in the industry as players scramble to widen their subscriber bases. Apart from distributors even broadcasting companies like Zee Entertainment, which hitherto had been losing revenues from under-reporting of subscription numbers, are expected to see improved topline from higher transparency and technological backend to provide value-added services.

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 "Indian stock markets lose further ground". Click here!

  

Stock Market Updates

Indian Indices End Flat, GAIL and UPL Among Top Nifty Gainers (Today's Market)

Mar 8, 2021 Closing

Indian share markets end on a flat note with the Sensex ending up by 35 points and the Nifty ending up by 18 points.

Sensex Trades Over 200 Points Higher; Dow Futures Up by 37 Points (Today's Market)

Mar 8, 2021 12:30 pm

BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.

Indian Share Markets Open Higher; GAIL & ONGC Surge 5% (Today's Market)

Mar 8, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

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

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

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

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

ASTRAL POLY TECHNICK at All Time High; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

ASTRAL POLY TECHNICK share price has hit an all time high at Rs 2,332 (up 3.6%). The BSE CAPITAL GOODS Index is up by 1.4%. Among the top gainers in the BSE CAPITAL GOODS Index today are ASTRAL POLY TECHNICK (up 3.6%) and HONEYWELL AUTOMATION (up 2.5%). The top losers include KALPATARU POWER (down 0.8%).

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.

Charge Your Portfolio with this Smallcap Proxy Play on India's EV Revolution(Profit Hunter)

Mar 5, 2021

This could be the biggest wealth creator of the decade.

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.

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


Mar 8, 2021 (Close)

MARKET STATS