Sensex Trades Lower; Realty & Banking Stocks Drag

Share markets in India are presently trading on a negative note. Barring automobile sector, all sectoral indices are trading in red with realty stocksbanking stocks and power stocks witnessing maximum selling pressure.

The BSE Sensex is trading down by 243 points (down 0.7%), while the NSE Nifty is trading down by 55 points (down 0.5%). The BSE Mid Cap index is trading down by 0.4% and the BSE Small Cap index is trading down by 0.8%.

Speaking of Indian share markets, there has been a steady rise in direct participation by Indians in stock markets as can be seen in the chart below.

Direct Participation in Stock Markets is Growing Steadily

This increased 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.

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

The rupee is trading at Rs 71.10 against the US$.

The domestic currency opened 29 paise lower amid reports of fresh geopolitical tensions between India and Pakistan.

In the news from the finance spaceDHFL share price is witnessing selling pressure today on reports that rating agency ICRA downgraded the company's commercial papers (CPs) worth Rs 80 billion to 'A2+' from 'A1+'.

However, the company said that the rating action by ICRA is not merit based and it has not taken cognizance of DHFL's intent to extinguish CPs by the end of March.

As per an article in a leading financial daily, the rating agency said that the rating revision considers the moderation in the company's financial flexibility owing to challenges faced in raising funds from traditional bank lines and debt market instruments.

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