Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Indian markets slide lower
Tue, 1 Sep 01:30 pm

After trading on a weak note during the morning session Indian Indices further moved southwards. Sectoral indices are trading on a negative note with stocks from the steel, banking and engineering sectors leading the losses.

The BSE-Sensex is trading down by 432 (down 1.7%) and the NSE-Nifty is trading down by 134 points (down 1.7%). The S&P BSE Midcap index is trading down by 1.8% and the S&P BSE Smallcap index is trading down by 1.6%. Gold prices, per 10 grams, are trading at Rs 26,856 levels. Silver price, per kilogram, is trading at Rs 34,580 levels. Crude oil is trading at Rs 3,170 per barrel. The rupee is trading at 66.43 to the US dollar.

Software stocks are trading mixed with Infosys Ltd and TCS witnessing maximum buying interest. As per a leading financial daily, leading global information technology, consulting and business processes company Wipro has launched Wipro LiVE Workspace, powered by VMware business mobility solutions. LiVE Workspace is an end-to-end standardized and integrated workplace offering. It consists of pre-defined tools, technologies and processes by which the users can enable access to their business applications and data, anywhere, anytime and through a device of their choice. The company's end user computing vision is to deliver a simple, agile and digital workplace solution to enterprises. Stock of Wipro is trading down by around 0.7%.

Stocks in the Automobile space are trading on a discouraging note with Escorts and Tata Motors DVR bearing the maximum burnt. As per an article in Livemint, Maruti Suzuki has reported 8.6% rise in its domestic sales during the month of August. The growth in sales was led by company's entry-level models including Wagon R and Alto. Domestic car sales in India have been rising month-on-month for consecutive nine months on the back of improved consumer sentiment. Presently the scrip of company is trading down by 1.1% on the BSE.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Indian markets slide lower". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Agora Research Private Limited (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.