Sensex Trades 250 Points Lower; Vedanta & Tata Steel Top Losers

Share markets in India are presently trading on a negative note. Barring healthcare stocks and oil & gas stocks, all sectoral indices are trading in red with stocks in the auto sectormetal sector and power sector witnessing maximum selling pressure.

The BSE Sensex is trading down by 261 points (down 0.7%), while the NSE Nifty is trading down by 83 points (down 0.8%). The BSE Mid Cap index is trading down by 0.9% and the BSE Small Cap index is trading down by 0.8.

Speaking of Indian share markets, the growing participation has resulted in not just money flowing into mutual funds, but also in the opening of demat accounts.

In fact, the attractiveness of Indian equities and the fact that investing in demat accounts is now very easy has led to a steady rise in accounts.

Have a look at the chart below that shows the steady growth in direct participation in the stock markets:

Direct Participation in Stock Markets is Growing Steadily

 

What more, this trend is all set to continue, as the Indian stock markets scale new highs in the coming years.

In the news from the currency space, the Indian rupee erased early gains and is presently trading at 71.37 against the US$.

The dollar's weakness against some other currencies amid lingering worries about a global slowdown supported the rupee.

On Monday, the rupee had ended lower by 9 paise at 71.28 against the US currency amid rise in demand for the greenback.

In the latest development from the results corner, HDFC Asset Management Company has reported a rise of 24.7% in its net profit at Rs 2.43 billion for the quarter ended December 31, 2018, as compared to Rs 1.95 billion for the same quarter in the previous year.

Total income of the company increased by 7.6% at Rs 5.3 billion for Q3FY19 as compared Rs 4.9 billion for the corresponding quarter previous year.

Market participants are also tracking Asian PaintsOberoi RealtyShree Cement and TVS Motor company as the announce their Q3FY19 results later today.

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Disclosure: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. ...

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