Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian Stock Markets Open at Lifetime Highs; Sun Pharma & Yes Bank Top Gainers
Mon, 8 Jan 09:30 am | Rini Mehta, TM Team

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.41% while the Hang Seng is up 0.03%. The Nikkei 225 is trading up by 0.88%. US stocks gained on optimism over earnings and economic growth.

Back home, India share markets opened the day on a strong note that neared all-time peaks. The BSE Sensex is trading higher by 194 points while the NSE Nifty is trading higher by 49 points. The BSE Mid Cap index and BSE Small Cap index opened the day up by 0.5% & 0.8% respectively.

All sectoral indices have opened the day in green with consumer durables stocks and PSU stocks witnessing maximum buying interest. The rupee is trading at 63.38 to the US$.

As per an article in leading financial daily, foreign investors poured in a staggering Rs 1.5 trillion in the Indian debt markets in 2017 on the back of higher bond yields and stable currency, after pulling out massive funds in the preceding year.

The overall net inflow has made 2017 as the best period for debt markets in terms of overseas investment since 2014.

According to latest data with depositories, Foreign Portfolio Investors (FPIs) bought net assets worth Rs 1.5 trillion into the debt markets in 2017. This was in stark contrast to the pullout of Rs 436.5 billion seen in 2016.

This investment instrument had received net inflow of 458.6 billion and Rs 1.6 trillion in 2015 and 2014, respectively.

The stock markets reached dizzying heights in 2017 thanks to strong foreign inflows. But it is the bond market that has witnessed a strong revival. Foreign debt raised by Indian companies surged ten-folds to US$ 41 billion in 2017. This is the highest ever infusion of foreign funds in the domestic debt markets in the last 15 years.

Bond Markets on a High

Factors such as economic stability, abundant global liquidity and diversification needs of investors have stoked demand for Indian bonds in the overseas markets.

In comparison, foreign investors purchased equities to the tune of over Rs 510 billion last year.

Moreover, the year's inflow has pushed FPIs' cumulative net investment in the debt market -- since being allowed over two decades ago in November 1992 -- to Rs 2.6 trillion.

One shall note that, foreign flows in debt markets had started the year on a negative note and pulled out money in January. However, they infused money in February and their bullish stance continued uninterrupted till December.

Just Released: Multibagger Stocks Guide
(2018 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Going ahead, whether 2018 would be same when it comes to investment by FPIs will be the key thing to watch out for as withdrawal of liquidity and rate hikes in developed economies pick up.

Moving on to the news from the pharma sector. As per an article in a leading financial daily, The US Food and Drug Administration is expected to begin inspection of Sun Pharma's manufacturing facility at Halol in the second week of February.

The much-awaited inspection is critical as the facility produces multiple medicines from tablets to ointments and injectables.

Following an inspection in the last week of November 2016, the Halol site was issued nine observations for deviations from standard manufacturing quality and procedure norms as spelled out by the US agency.

Earlier in September 2014, the Halol site came under the lens, receiving as many as 23 observations from the US agency. The inspection culminated into a warning letter fifteen months on in December 2015.

Consequently, the long delay on finding a resolution for the Halol site has consecutively impacted Sun Pharma's financial performance, aggravated further by a sharp drop in prices of key products that are sold in the US.

When fully operational, the Halol site had contributed as much as 15% of Sun Pharma's US revenues.

Sun Pharma share price opened the day up by 2.3%.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian Stock Markets Open at Lifetime Highs; Sun Pharma & Yes Bank Top Gainers". Click here!


Stock Market Updates

Sensex Rises 477 Points; Trading Resumes on NSE (Today's Market)

Feb 24, 2021 Special Update

The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.5% (Today's Market)

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

MUTHOOT FINANCE Share Price Down by 6%; BSE 500 Index Up 0.5% (Today's Market)

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

ZENSAR TECHNOLOGIES at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Sensex Trades Over 200 Points Higher; Dow Futures Down by 103 Points (Today's Market)

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

OMAXE Share Price Down by 6%; BSE REALTY Index Up 0.5% (Today's Market)

Feb 24, 2021 12:22 PM

OMAXE share price is trading down by 6% and its current market price is Rs 72. The BSE REALTY is up by 0.5%. The top gainers in the BSE REALTY Index are PRESTIGE ESTATES (up 1.9%) and DLF (up 1.9%). The top losers is OMAXE (down 5.8%)..

View More Indian Share Market News

Most Popular

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years(Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


Feb 24, 2021 (Close)