Sensex Trades Marginally Lower; Tata Motors & TCS Top Losers

Share markets in India are presently trading on a negative note. Barring metal sector and FMCG sector, all sectoral indices are trading in red with stocks in the realty sector and IT sector witnessing maximum selling pressure.

The BSE Sensex is trading down by 163 points (down 0.5%), while the NSE Nifty is trading down by 48 points (down 0.4%). The BSE Mid Cap index is trading down by 0.4% and the BSE Small Cap index is trading down by 0.2%.

Speaking of benchmark indices in the year 2018, Sensex closed the year at 36,068.

A year ago, on the last trading day of 2017, the Sensex had closed at 34,057.

That's a 6% gain for the Sensex in 2018.

For equities, that's not a good enough return. Your money could have done better parked in fixed deposits.

The Story of Sensex 2018

Most investors have seen their investments diminish in value during the year.

In fact, the total market value of all listed companies on the BSE declined 5% to Rs 144.1 trillion from Rs 151.7 trillion at the end of 2017.

In other words, wealth worth Rs 7.6 trillion, which is more than the market cap of Tata Consultancy Services or Reliance Industries, was wiped out during the year.

In the news from the currencies space, the rupee is currently trading at Rs 70.47 against the US$.

On Thursday, the rupee consolidated in a narrow range for the third successive day despite volatility in global oil prices and weakness in the dollar.

In the last couple of weeks, crude has rallied over 20%, which led to marginal weakness in the rupee despite a low-lying dollar.

The rupee has slid about 1% against the US$ this year after posting the best quarterly gains since March 2017.

The dollar continued to remain under pressure in the last few sessions but rebounded yesterday after Fed Chairman stressed again that the US central bank can be patient in approving any further rate increases as officials' gauge whether the US economy will slow this year.

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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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