Indian Indices Open Weak

Tue, 15 Mar 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Major Asian stock markets have opened the day on a negative note. The stock market in China and Taiwan are trading lower by 1.1% and 1.2% respectively. Major indices in Europe and US ended their previous session in green with stock markets in Germany ending the day higher by 1.6%. The rupee is trading at 67.02 per US$.

<>Indian stock markets have too opened the day on a negative note. The BSE Sensex is trading lower by 92 points (down 0.4%) and NSE Nifty is trading lower by 31 point (down 0.4%). BSE Mid Cap is trading lower by 0.1% while, BSE Small Cap is trading higher by 0.2%. Major sectoral indices have opened the day on a mixed note with stock from pharmaceutical and telecommunication sector witnessing selling pressure. However, the stocks from information technology sector is witnessing buying interest.

As per an article in Livemint, Mahindra & Mahindra (M&M) is aiming to enter in the business of farm equipment rentals. The company plans to open up a venture named 'Trringo'.

This venture will offer a digital platform and connect those who are looking to hire tractors with those willing to rent their self-owned machines. A location based mapping system will be installed which that help to bring the two parties together and route them to the closest franchisee. The concept is similar to that of Ola and Uber. Further, it will operate on a franchisee-based model.

Reportedly, M&M will set up this venture as a startup and will invest a sum of Rs 100 million. The model will generate revenues from royalty paid by franchisee and a commission fee on each tractor let out by the franchise. The market size of the tractor hiring market is pegged at a sum of Rs 150 billion. It's one of several startups that the company plans to launch, as it seeks to tap the burgeoning e-commerce space.

In another news update, <>ICICI Bank raised a sum of US$ 700 million by selling dollar denominated bonds. The bank agreed to pay an extra 210 basis points for its 10 year bonds over similar-dated US Treasuries. As bond yields and interest rates move in the same direction, a reduction in the interest rates also leads to a reduction in the bond yields. Lower bond yields leads to lower returns on the savings made.

The European Central Bank's has cut its key policy rate to zero. This was followed by the Bank of Japan's move towards negative interest rates in the month of February. All these have rekindled the demand for riskier emerging market assets.

Further, the fall in bond yields in Europe and US has also helped improved the sentiments. For instance, the yield on the 10-year benchmark US Treasury note has dropped by 0.28% since 1 January, while German bund yields fell by 0.37% during the same period. However, with divergent monetary policies across central banks, debt markets are expected to be choppy going forward.

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