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 Indices Continue Downtrend, Key Q2FY19 Results, and Top Stocks in Action Today
Wed, 24 Oct Pre-Open | Monish Vora, TM Team

Share markets in India continued their downtrend yesterday and ended in red. Sectoral indices traded in red, with stocks in the IT sector and healthcare sector leading the losses.

At the closing bell yesterday, the BSE Sensex stood lower by 287 points (down 0.8%) and the NSE Nifty closed down by 98 points (down 1%). The BSE Mid Cap index ended down 0.9%, while the BSE Small Cap index ended down by 1.2%.

Top Stocks in Focus Today

In the news from the pharma space, Cadila healthcare share price will be in focus today as the company has received the final approval from the US Food and Drug Administration (USFDA) to market Clobazam Tablets, (US RLD-ONFI Tablet), 10 mg and 20 mg.

To know more about the company, you can access Cadila Healthcare Q1FY19 result and Cadila healthcare 2017-18 Annual Report on our website.

In the news from the aviation sector, SpiceJet share price will also be in focus today as the company sought a three-month extension from a leasing company for making payments on aircraft leases as a delay in delivery of 737 Max planes by Boeing Co. has caused liquidity issues at the budget airline.

Market participants will also be tracking Sunteck realty share price.

Reportedly, the company has launched Phase I of its project Sunteck West World at Naigaon and has sold more than 2000 apartments out of the total inventory of 2476 apartments in Phase I with the sales of more than Rs 6 billion.

--- Advertisement ---
A Chance to Grab Solid Small Companies For Dirt-Cheap… (Time-Sensitive!)

The market crashed recently and small cap companies on the whole have been severely hit. But believe it or not, that's actually a good thing for you.

Because if you act right now, you could grab a number of solid small companies for dirt-cheap.

Yes! Our latest special report reveals some small cap stocks you could consider investing in today.

And the faster you get into these stocks, the bigger your potential gains could be.

So click here to take advantage of this time-sensitive opportunity now!
------------------------------

Results Corner

TVS Motors share price has reported results for the second quarter ended September 30, 2018.

The company reported a marginal fall of 0.9% in its net profit at Rs 2.1 billion as compared to 2.2 billion for the same quarter in the previous year.

Bajaj Finance share price has reported 54% rise in its September quarter profit at Rs 9.2 billion as compared to Rs 5.9 billion in the same quarter previous year.

Consolidated net interest income (NII) for the company came in at Rs 27.3 billion for the above quarter, up 42%. This was against Rs 19.2 billion reported in the same quarter last year.

RBL bank share price has reported 35.8% rise in its net profit at Rs 2.1 billion for second quarter ended September 30, 2018 as compared to Rs 1.5 billion for the same quarter in the previous year.

Total income of the bank increased by 34.8% at Rs 18 billion for Q2FY19 as compared Rs 13.3 billion for the corresponding quarter previous year.

Asian paints share price reported 14.4% fall in its consolidated net profit at Rs 4.9 billion as compared to Rs 5.8 billion for the same quarter in the previous year.

From the IPO Space...

In the news from the IPO space, Affle India and Dodla dairy have received market regulators go ahead to float their initial share-sale offerings.

Affle India's IPO comprises fresh issue of shares worth Rs 0.9 billion while Dodla dairy's IPO comprises fresh issue of shares worth Rs 1.5 billion.

With this the total number of companies getting market regulators approval has reached 64 so far this year.

With so many IPOs set to hit the markets, we at Equitymaster believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

To know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

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 Continue Downtrend, Key Q2FY19 Results, and Top Stocks in Action Today". Click here!

  

Stock Market Updates

SBI Plunges by 5%; BSE BANKEX Index Down 1.1% (Today's Market)

Dec 6, 2019 03:34 PM

SBI share price has plunged by 5% and its current market price is Rs 338. The BSE BANKEX is down by 1.1%. The top gainers in the BSE BANKEX Index are KOTAK MAHINDRA BANK (up 1.5%) and CITY UNION BANK (up 0.3%). The top losers are SBI (down 5.1%) and BANK OF BARODA (down 5.2%).

YES BANK Plunges by 10%; BSE BANKEX Index Down 1.1% (Today's Market)

Dec 6, 2019 03:30 PM

YES BANK share price has plunged by 10% and its current market price is Rs 61. The BSE BANKEX is down by 1.1%. The top gainers in the BSE BANKEX Index are KOTAK MAHINDRA BANK (up 1.4%) and CITY UNION BANK (up 0.3%). The top losers is YES BANK (down 10.5%).

JAMNA AUTO Plunges by 5%; BSE 500 Index Down 0.8% (Today's Market)

Dec 6, 2019 03:22 PM

JAMNA AUTO share price has plunged by 5% and its current market price is Rs 43. The BSE 500 is down by 0.8%. The top gainers in the BSE 500 Index are MMTC LTD (up 11.4%) and ERIS LIFESCIENCES LIMITED (up 8.9%). The top losers are JAMNA AUTO (down 5.0%) and LIC HOUSING (down 5.2%).

GUJARAT GAS at 52 Week High; BSE 500 Index Down 0.8 % (Today's Market)

Dec 6, 2019 03:22 PM

GUJARAT GAS share price has hit a 52-week high. It is presently trading at Rs 228. BSE 500 Index is down by 0.8% at 15,533. Within the BSE 500, GUJARAT GAS (up 2.0%) and MMTC LTD (up 11.4%) are among the top gainers, while top losers are OMAXE LTD and DISH TV.

The BSE REALTY Index Down 2% ; OMAXE LTD Among Top Losers (Today's Market)

Dec 6, 2019 02:54 PM

The BSE REALTY Index Down at 2,205 (down 2.0%). Among the top losers in the BSE REALTY Index today are OMAXE LTD, PRESTIGE ESTATES and INDIABULLS REAL EST. Meanwhile, the BSE Sensex has plunged 0.9% to 40,952.

Sensex Slips 180 Points; Yes Bank & SBI Top Losers (Today's Market)

Dec 6, 2019 12:30 pm

The BSE Sensex is trading down by 133 points, while the NSE Nifty is trading down by 43 points.

View More Indian Share Market News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Dec 6, 2019 03:31 PM

MARKET STATS