Listless Gains for Indian Indices

Thu, 25 Aug 11:30 am

   Previous Close   

   Pre-Open   

   09:30 am   

   01:30 pm   

   Closing   

After opening the day on a flat note, the Indian stock markets have continued to trade near the dotted line. Sectoral indices are trading on a mixed note with stocks from the FMCG, healthcare and realty sectors leading the gains. IT stocks are trading in the red.

The BSE Sensex is trading up by 67 points (up 0.2%) and the NSE Nifty is trading up by 24 points (up 0.3%). The BSE Mid Cap index and the BSE Small Cap index are also trading positively, up by 0.4% and 0.5% respectively. The rupee is trading at 67.07 to the US$.

As per a leading financial daily, public sector banks (PSBs) are lagging far behind their private sector peers. This comes as data at the Reserve Bank of India (RBI) showed that the total bad loan ratio of the state-run banks has ballooned to 11.4% in the 15 months since March 2015. On the other hand, during the same period, private banks' bad loans have risen from 2.2% to 2.8%.

Notably, gross bad loans for the entire banking sector stood at 8.7% in June 2016 from 4.6% as of March 2015. Most of the pain here was followed on the back of doubling of the ratio of bad loans in PSBs to 11.3% from 5.4% in the same period.

Owing to this bad loan problem in the PSUs, the RBI has called for reforms in PSU banks. Some of the major reforms proposed by the RBI include the dilution of government stake in PSUs below 50%, extending CEO tenures to five years and providing managerial autonomy to banks.

All of the above proposals were made by RBI deputy governor S S Mundra in a speech yesterday where he stressed on how PSBs have continued to drive the deterioration in the asset quality of the banking sector in the first quarter of FY16. When and how these proposals will pan out remains the test of time.

However, there remain many concerns for the Indian economy if the problem of bad loans at PSUs continues to lag. Vivek Kaul, editor of Vivek Kaul's Diary, had written about the mess at PSUs and how it remains one of the major problems for the Indian economy in many of his articles. He's also explained why the government shouldn't be running 27 public sector banks.

And this problem is just one part of the puzzle. Vivek Kaul has spotted a trend which he thinks has the potential to derail India's long-term growth story. Apart from the rising bad loans in PSUs, there are many macro trends that could directly impact you and your family. These are the big issues like the government's handling of oil prices, India's disastrous jobs situation, the current state of India's real estate bubble...and a lot more!

In fact, as you read this, Vivek has just come out with a full note that details all...including how this trend could impact you.

Click here to know more.

Moving on to the news from the commodities space... Crude oil is witnessing selling pressure this week. The sell-off is seen on the back of an unexpected increase in US crude stocks. This in turn has revived worries about the global supply glut and led market participants to reduce their exposure towards the commodity.

Data showed that US crude stockpiles rose by 2.5 million barrels to a total of 523.6 million barrels in the week through August 19. This was seen as refinery inputs decreased and gasoline production fell. Analysts had expected a 455,000-barrel fall.

Traders are also skeptical on whether the Organization of the Petroleum Exporting Countries (OPEC) will come to an agreement at a meeting in Algeria scheduled next month. The doubts here have also fueled volatility for crude oil prices.

To keep a tab on the movements in crude oil and other commodities, you can read weekly market commentary from the Daily Profit Hunter team. Their weekly commentary tracks the developments in the global economy as well as stock, currency and commodity markets.

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