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

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

  • MyStocks

MEMBER'S LOGINX

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

Global Stock Market Drivers; TCS, Infosys Q3FY19 Results and Top Stocks in Action Today
Fri, 11 Jan Pre-Open | Rini Mehta, TM Team

On Thursday, the Indian share markets closed in the negative territory amid weak global cues and selling in financials counter.

The BSE Sensex shed 106 points to settle at 36,107 with Tata Motors (up over 1%) being the top gainer and IndusInd Bank (down over 2%) the worst performer.

On NSE, the benchmark Nifty50 index settled at 10,822, down 34 points with 30 components ending in the red and 20 in the green.

TCS share price will be watched out for today after it announced its Q3FY19 result yesterday.

Top Stocks in Focus

Bandhan Bank share price will be in focus today as the Bank has reported 10.4% rise in its net profit at Rs 3.3 billion for third quarter ended 31 December 2018 as compared to Rs 3 billion for the same quarter in the previous year.

Meanwhile, Goa Carbon reported net loss of Rs 49.1 million for third quarter ended 31 December 2018 against net profit of Rs 225 billion for the same quarter in the previous year.

Lupin is recalling over 23,000 bottles of an antibiotic drug in the US for being sub-potent. The company is recalling the lot due to below specification results for assay.

Ashok Leyland has bagged orders from IRT (Institute of Road Transport, Chennai), UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for 2580 buses. These orders are among the largest from STU's for a single OEM.

--- Advertisement ---
Stocks to Look Out For in 2019…

What if you had a way of knowing exactly which stocks super investors are excited about in 2019?

And what if that way was completely legal and cost you nothing?

What if we told you that an official regulatory document, released 4 times a year, pinpoints exactly which stocks super investors are buying?

If you're interested…

Here's how you can access this information…
------------------------------

Vijaya Bank has revised Marginal Cost of Funds based Lending Rates (MCLRs) with effect from 10 January 2019. The Bank has revised the overnight, 1 month, 3 month and 6-month MCLRs to 8.05% per annum (p.a.), 8.35% p.a., 8.50% p.a. and 8.70% p.a., respectively.

Indian Overseas Bank has also increased the MCLR rates across all tenors from their current levels, with effect from 10 January 2019. The Bank has increased one-year MCLR to 8.8% per annum.

Glenmark Pharmaceuticals' Suisse subsidiary, Glenmark Specialty S.A., has entered into an exclusive licensing agreement with Yuhan Corporation for commercializing its novel nasal spray Ryaltris in South Korea. The stock will hog limelight today.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Results Corner

Infosys, Karnataka Bank, Rasoi, TRF, Infomedia Press are among a few companies that will report its Q3FY19 results today.

Global Stock Market Drivers

The new-year rally in global equities stalled on Thursday as investors paused to draw breath following the recent rebound and as they awaited concrete details on US-China trade negotiations.

Treasuries led a broad advance in bonds as oil fell.

Global stocks have rallied since the start of the year amid optimism tensions are thawing between the US and China on trade and as commentary from the Federal Reserve showed policy makers have shifted to a more cautious approach to further interest-rate increases.

Still, concern surrounding the partial government shutdown in America continues to weigh on sentiment ahead of earnings season.

And China inflation data on Thursday showcased slowing growth.

Here are some events investors may focus on this week:

  • Fed Chairman Powell will speak to the Economic Club of Washington D.C.
  • Britain's Parliament will resume a debate on the Brexit withdrawal bill.

Oil Prices Slide

Oil prices fell by about 1% on Thursday on swelling US supply and amid a cautious reaction to trade talks between the United States and China, the world's two largest oil consumers, that finished without concrete details to ending their dispute.

US West Texas Intermediate (WTI) crude oil futures were at US$51.8 per barrel, down 1.1% from their last settlement.

International Brent crude futures were down 0.9%, at US$60.9 per barrel.

Both oil benchmarks rose by around 5% the previous day as financial markets around the world surged on the hopes that Washington and Beijing may soon be able to end their trade dispute, soothing fears of an all-out trade war between the two biggest economies and its possible impact on global growth.

By Thursday, however, the positive feelings ebbed because of a lack of a details on the talks despite a warm statement from China on the outcome, and financial markets took a breather from the rally.

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 "Global Stock Market Drivers; TCS, Infosys Q3FY19 Results and Top Stocks in Action Today". Click here!

  

Stock Market Updates

Bloodbath on Dalal Street: 6 Reasons Why Sensex Nosedived 1,939 Points Today (Today's Market)

Feb 26, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

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.

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.

More

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

S&P BSE SENSEX


Feb 26, 2021 (Close)

MARKET STATS