Sensex Trades 350 Points Lower; Maruti Suzuki & Infosys Top Losers

Share markets in India are presently trading on a negative note. All sectoral indices are trading in red with stocks in the IT sectorrealty sector and energy sector witnessing maximum selling pressure.

The BSE Sensex is trading down by 359 points (down 1%), while the NSE Nifty is trading down by 114 points (down 1.1%). The BSE Mid Cap index is trading down by 1.1% and the BSE Small Cap index is trading down by 0.6%.

Here's how this data looks like when plotted on a chart...

Large-Cap Index Outperformed in the Downturn


Clearly, in the face of such volatility, you need a balance of growth and safety.

The rupee is trading at Rs 70.02 against the US$.

The domestic currency fell 37 paise against the US$ in early trade amid strengthening of the US dollar against some currencies overseas and foreign fund outflows.

On Thursday, the rupee staged a big recovery and closed at 69.70 against the US$. Recovery in domestic equity markets and softening crude oil prices boosted the rupee.

In the news from the automobiles sector, Tata Motors share price is witnessing buying interest today as the company has partnered with self-drive rental car firm Zoomcar to offer the electric version of its compact sedan Tigor in Pune city as part of the shared mobility plans.

Under this partnership, Zoomcar expects to deploy 500 electric vehicles in over 20 cities with Tata Motors over the next one year.

In another news, the auto company is also planning to increase the prices of its trucks and buses by 1-1.5% next month due to a consistent rise in raw material cost.

The hike in January will come on the back of subdued demand conditions and in the run-up to the move to Bharat Stage VI emissions norms next year.

Last month, Moody's Investors Service changed the outlook on Tata Motors's corporate family rating to negative from stable.

Tata Motors share price is trading up by 1.4%.

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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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