Sensex Slips 400 Points; IndusInd Bank & Tata Steel Top Losers

Tue, 18 Feb 12:30 pm

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Share markets in India are presently trading on a negative note. Benchmark indices fell nearly 1% today tracking weakness in global markets owing to coronavirus outbreak.

All sectoral indices are trading on a negative note with stocks in the telecom sector, metal sector and power sector witnessing most of the selling pressure.

The BSE Sensex is trading down by 396 points (down 0.9%), while the NSE Nifty is trading down by 122 points (down 1%).

The BSE MidCap index is trading down by 1.3%, while the BSE SmallCap index is trading down by 1.4%.

The rupee is currently trading at 71.42 against the US$.

Speaking of Indian share markets, we've been telling you about the rebound in smallcap stocks in 2020 for quite some time now.

And the market trend since the start of 2020 tells us, it's already happening!

Have a look at the chart below:

Smallcaps Are Way Ahead of the Sensex in 2020

As you can see, since the start of 2020, smallcaps have beaten largecaps by a wide margin.

But this is just the start.

We believe smallcaps have a long way to go.

You can make good gains with a careful selection of smallcap stocks and long-term horizon.

As per Richa Agarwal, editor of our premium smallcap service Hidden Treasure, fundamentally strong smallcap stocks will not only survive but thrive in the long term.

She has narrowed down on one such smallcap stock.

You can access the report here (requires subscription). And if you're not an Hidden Treasure subscriber, here's where you sign up.

Also, in the video below she talks about the ongoing economic slowdown, an upcoming rebound in the small cap space, and her number 1 stock pick for 2020.

Tune in to know more...

Moving on, as per a leading financial daily, India's tyre industry is worried over the continuing shortage of natural rubber in the market at a time when the automobile sector is showing signs of revival.

As per the news, the Rubber Board had estimated a 10% year-on-year (YoY) increase in natural rubber production in the eight months to November 2019.

If the stock has not reached the market, it means the growers are holding it, industry insiders said.

But Josch Joseph, secretary at Consortium of Indian Rubber Growers Association, disagreed. As per him, the growers do not have the capacity to hold for a long time.

Joseph said delays in payment of arrears under the Kerala government's price incentive scheme seems to have discouraged small growers from going for tapping.

The shortage is expected to get worse as the tapping season in the main producing state of Kerala is coming to a close. Rubber yield has already started falling with an increase in temperature, pushing prices up.

Note that since December, the tyre industry has been importing more rubber to bridge the demand-supply gap, which they expect to widen further in the coming days with the revival in the automobile sector.

How this development pans out remains to be seen. Meanwhile, we will keep you updated on all the news from this space.

Speaking of auto sector, Tanushree Banerjee is counting on two listed automobile companies from the Indian market. The Rebirth of India stocks she has identified, are set to leave their mark on the global EV revolution.

These stocks may not have the 4x vertical ride like Tesla within a few months.

But for patient investors, these are the stocks which will soar like Tesla, more gradually.

As per Tanushree, now is the right time to buy these stocks to profit from the Rebirth of India. You can read about them here.

In news from the financial markets space, Indian stock market regulator said there will be segregation of advisory and distributing activities for investment advisers.

The segregation will be at client level to avoid conflict of interest. It added that an individual investment adviser cannot provide distribution services.

In a press release, the market regulator said it will introduce upper limit on the fees charged to investors by investment advisers.

It said that there will be enhanced eligibility criteria for registration as an investment advisor including net worth, qualification and experience requirements.

The existing individual investment advisers will be grandfathered from complying with the enhanced qualification and experience.

There will be a mandatory agreement between an investment advisor and client for key terms and conditions.

How this development pans out remains to be seen. Meanwhile, we will keep you updated on all the news from this space.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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

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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

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Indian Share Market Update: Top Gainers and Losers