Indian Indices Continue Downtrend; Tata Motors Leads the Losses

Thu, 13 Oct 11:30 am

   Previous Close   

   09:30 am   

   01:30 pm   

   Closing   

After opening the day on a weak note, the Indian share markets have continued to trade in the red. Sectoral indices are trading on a negative note with stocks from the consumer durables sector and stocks from the realty sector witnessing maximum selling pressure.

Stocks in the automobile sector are trading in the red with Tata Motors and Escorts leading the losses.

The BSE Sensex is trading down 289 points (down 1%) and the  HYPERLINK "https://www.equitymaster.com/india-markets/nse-replica.asp" NSE Nifty is trading down 86 points (down 1%). The BSE Mid Cap index is trading down by 1.1%, while the BSE Small Cap index is trading down 1%. The rupee is trading at 66.83 to the US$.

Financial markets around the world are scrutinizing Federal Minutes of the September 20-21 meeting that were released yesterday. The Fed minutes state that Federal Reserve officials decided only after considerable disagreement to hold interest rates unchanged at their September meeting. While some officials voted for an interest rate hike, others preferred to wait a bit longer in hopes of seeing more improvement in the labor market.

The minutes didn't signal when the next rate increase might come. However, they largely reinforced market expectations of a rate hike in December, after the US presidential election.

The minutes also showed Fed officials didn't see major threats to the US economy. Most of the officials said that the risk to the outlook were balanced. Several of them also indicated that the risk from Brexit had receded.

The major takeaway, as the minutes showed, was a growing disagreement among Fed officials over how much lower the unemployment rate can go before the economy overheats and inflation gets out of hand.

The Federal Reserve has two more policy meetings this year, one in early November and second in mid-December. In their economic projections released last month, 14 of 17 Fed officials indicated they expected to raise rates before the end of this year.

In another news from the domestic stock markets, scrip of drug maker Cipla gained around 3% during the morning trade today as its Indore plant got US FDA clearance. The company has received establishment inspection report (EIR) from the United States Food and Drug Administration (US FDA) for its Indore facility. The EIR indicated the formal closure of inspection conducted in July and August of 2015.

Cipla is one of the top pharmaceutical companies in India. The company is a market leader in three therapies viz. Respiratory, Urology and Antiretroviral (ARV). To know our views on the stock of Cipla, you can read our analysis of the company results (subscription required).

Presently the stock of Cipla is trading up by 1.4%.

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