Sensex Opens Flat; IT & Energy Stocks Underperform

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.5% while the Hang Seng is down 1.3%. The Shanghai Composite is trading down by 2.6%. Wall Street's main indices fell for a fourth consecutive session on Thursday after Europe's central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth.

Back home, India share markets opened on a flat note. The BSE Sensex is trading down by 42 points while the NSE Nifty is trading down by 18 points. Both, the BSE Mid Cap index and BSE Small Cap index opened up by 0.2%.

Sectoral indices have opened on a mixed note with power stocks and telecom stocks witnessing maximum buying interest. While energy stocks and IT stocks are trading in the red.

The rupee is currently trading at Rs 70.11 against the US$.

Speaking of Indian stock markets, with the elections fast approaching, what can investors look forward to now?

And now with elections approaching, note that stock markets have remained volatile in the pre-election period.

It has certainly turned out that way again.

Good Times Ahead for Indian Stock Markets?

It started with the long-term capital gains tax.

Then corporate governance issues at various companies followed.

Then we had the IL&FS impact.

All this has ensured a rough ride for Indian investors.

Now with Indo-Pak tensions escalating, volatility can rise even further.

History of the past few elections paints a rosy picture.

Despite governments changing hands in 2004 and 2014, the Sensex gave returns of 44% and 13% in a year respectively.

Even in 2009, when the same government retained power, Sensex was up by 18% in a year.

So, do you think there are good times ahead for Indian stock markets? We will keep you updated on the developments.

1 2 3
View single page >> |

To know what's moving the Indian stock markets today, check out the most recent 

more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.