Indian Markets Crash

Thu, 11 Feb Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

The Indian equity markets slumped more than 3% today to their lowest level since May 2014 and headed for a fourth consecutive session of losses amid weak European markets. The sentiments were also hurt after Fed chair Janet Yellen kept options open for more US rate hikes. At the closing bell, the BSE Sensex finished lower by 807 points, while NSE Nifty finished lower by 239 points. The S&P BSE Mid cap and S&P BSE Small Cap fared the worst and finished lower by 3.2% and 4.6% respectively.

All BSE sectoral indices finished significantly in the red. Among them, realty index plunged the most by 6%, followed by infrastructure (down 5.4%), power (down 4.8%) and oil & gas (down 3.8%). Major Sensex losers were Adani Ports (down 7%), BHEL (down 6%), Tata Motors (down 5.5%), ONGC (down 5.3%) and M&M (down 4.8%), while the only gainer was Cipla (+0.4%).

European share index plunged to its lowest level in 2-1/2 years on Thursday, on account of a renewed slump in banks and miners, with French Bank Societe Generale sliding after disappointing results. The CAC 40 is down 3.86%, while Germany's DAX is off 3.03% and London's FTSE 100 is lower by 2.69%. Hong Kong's Hang Seng index, which resumed trading today after being shut, fell 3.85%. Nikkei 225 and the Shanghai Composite were shut today. The rupee was trading weak at 68.02 against the US$ in the afternoon session.

According to an article in The Economic Times, Bharat Heavy Electricals Ltd (BHEL) has won a Rs 35 billion order from NTPC for supply of power equipment. As per the deal, BHEL will set up 2x800 MW steam generator island package at Telangana Super Thermal Power Project.

The project is located within NTPC's Ramagundam power station in Karimnagar district of Telangana. BHEL's scope of work involves design, engineering, manufacture, supply, construction, erection, testing & commissioning and civil works for the Steam Generator island package. The key equipment for the contract will be manufactured at BHEL's Trichy, Ranipet, Hyderabad, Jhansi and Bengaluru plants and the company's power sector division shall be responsible for civil works and erection/commissioning of the equipment.

India's engineering exports to its neighboring countries, including China, have seen a massive fall in 2015. Over the last eight years, the has seen numbers ranging from an output growth of 48% YoY in one year, to a contraction of 6% YoY in another. In our recent edition of the 5 Minute WrapUp Premium, we have explained what factors to take into consideration when picking an engineering company stock (Subscription Required).

Mining stocks languished in the red with Vedanta Ltd and Gujarat NRE Coke leading the losses. According to a leading financial daily, Coal India plans to start using drones to conduct aerial surveys of blocks that come up for exploration and to assess the extent of greenery restored after mines are closed, helping it to cut costs and save time.

The company has approached the Ministry of Home Affairs and the civil aviation department to go ahead with the drone project, which involves using remote controlled aerial vehicles fitted with resolution cameras and gadgets that can capture pictures and collect data of vast areas from 300 meters to 500 meters above the ground. According to the reports of the officials, deploying drones isn't as expensive as manually collecting such data.

Coal India also plans to use drones to assess the level of coal stocks at its yards to help determine how much has been liquidated or added.

In other news, Coal India is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally. The company, which accounts for over 80% of the domestic coal production, has targeted one billion tonnes of dry fuel output by 2020. It is set for a record production of 550 million tonnes this fiscal. Coal India finished the trading day down by 3% on the BSE.

After much deliberation and delay, the Mines and Minerals (Development and Regulation) Act, 1957 has been revised and the government has passed the Mines and Minerals Amendment Bill, 2015. In our recent edition of the 5 Minute WrapUp Premium, we have looked at the impact of the Act on various mining and metal companies (Subscription Required).

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers