X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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
Investing in India? Get Equitymaster Research  
Markets recover from day's lows 
(Mon, 26 Sep 01:30 pm) 
 
Indian stock market indices recovered in the last two hours of trade but are still trading below the dotted line. All sectoral indices are trading in the red. Consumer Durable and Metal stocks witness maximum selling pressure.

The BSE-Sensex is down 118 points and NSE-Nifty is down 32 points at the moment. BSE Mid Cap and BSE Small Cap indices are down by 1.64% and 1.74% respectively. The rupee is trading at 49.62 to the US dollar.

Software stocks are trading weak with Tech Mahindra and Computer Manufacturing Company Ltd (CMC Ltd.) witnessing maximum selling pressure. As per a leading financial daily, Wipro is likely to sell data centers and other computer hardware assets of its US unit Infocrossing. Wipro had acquired the unit in August 2007 for around Rs 30 bn. The company has obtained initial offers from several US telecom firms for sale of five data centers. The data centers could be worth between US$ 300-400 m.

Energy stocks are trading in the red led by Essar Oil and Petronet LNG. As per a leading financial daily, the compressed natural gas (CNG) prices are expected to rise. Indraprastha Gas (IGL) is already mulling over a price hike of up to six or seven per cent (Rs 2 per kg) in the coming week. The price rise will be on account of higher share of the imported gas (RLNG) coupled with a depreciating rupee. This is expected to be the fifth and the biggest rise in CNG prices over the past year. Once IGL does this, other players like Mahanagar Gas in Mumbai and Adani Gas in Ahmedabad are expected to follow.

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

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Markets recover from day's lows". Click here!

  
 

S&P BSE SENSEX


Apr 21, 2017 (Close)

MARKET STATS