Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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 Indices End at Fresh Record High; Energy Stocks Witness Buying
Fri, 12 Jan Closing | Monish Vora, TM Team

After trading on a volatile note in the afternoon session, Indian share markets witnessed buying interest at the end of the day and ended their session at a fresh record closing high. Losses were largely seen in the FMCG sector and realty sector, while energy stocks ended the day higher.

At the closing bell, the BSE Sensex stood higher by 89 points (up 0.3%) and the NSE Nifty closed higher by 30 points (up 0.3%). The BSE Mid Cap index ended the day down by 0.2%, while the BSE Small Cap index ended the day up by 0.1%.

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng was up 0.94%, while the Nikkei was trading down by 0.24%. The Shanghai Composite stood higher by 0.12%. The rupee was trading at 63.64 to the US$ at the time of writing.

In the news from the GST space, as per an article in the Economic Times, India is set to unveil another revamp of the goods and services tax (GST) regime next week aimed at making the compliance simpler.

The upcoming GST Council meeting on January 18 is said to take up changes in the definitions of terms such as supply and handicrafts besides replacing the three forms that need to be submitted with one.

The Council is also expected to drop the requirement for upfront invoice matching.

The above development would be the second significant overhaul of GST after a November rejig that saw the tax rate on 178 household goods being lowered.

Notably, the above developments will lead to easier compliance and also simplify processes, both of which would lead to smooth implementation of GST. We will keep you updated on all the recent developments in this space. Stay tuned.

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.

After studying these and other finer aspects of GST, our colleague Vivek Kaul, has penned his views on what could go right and wrong. The report is titled The Good, the Sad and the Terrible (GST). Claim your own copy of his special report now.

In the news from the commodity space, gold is continuing its weekly momentum and is trading on a positive note today.

Most of the gains for the yellow metal are seen on the back of a weaker dollar overseas and a firm trend in precious metals.

While the recent gains notable, returns from gold over the past few years have been anything but flattering. Mainly a hedge against market volatility, gold prices have remained at roughly the same levels since 2013, as can be seen in the chart below:

Gold Returns : 2013 - 2017

On the contrary, share markets in India have been on a constant upward trajectory during the same period. The only blip seen was in 2016, when gold prices gave healthy returns.

One reason for the lackluster returns has been the global economy. US interest rates have been on the rise since 2014. This has swayed investors' interest towards government bonds, subsequently reducing demand for gold.

While the US Federal Reserve is also expected to raise interest rates next year, current gold valuations seem to have factored that in.

Certain political developments also warrant a look-in at gold. Rising tensions between US and North Korea and slowdown in Middle-east have been recent concerns. Also, it provides a hedge against markets which are touching new highs every day.

And here's a note from Profit Hunter:

The Nifty 50 Index traded on a positive note during the week. On Monday, it opened the session 58 points gap up at a new life-time high and continued to trade higher. It then traded in a narrow range for the next three sessions. Finally, on Friday, the Nifty index opened 32 points gap up and continued the positive momentum to end its weekly session 1% up.

Last week, we saw the index finding support from 10,500 level. The level which acted as a strong resistance on the way up will now act as a strong support for the index as per the change of polarity principle.

The index is currently trading in the uncharted territory. Now how long it maintains the bullish momentum will be an interesting thing to watch out for in the week to come.

Nifty 50 Index Ends at Life-time High
Nifty 50 Index Ends at Life-time High 

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

Equitymaster requests your view! Post a comment on "Indian Indices End at Fresh Record High; Energy Stocks Witness Buying". Click here!


Stock Market Updates

MPHASIS LTD Plunges by 5%; BSE IT Index Down 2.8% (Today's Market)

Oct 19, 2018 02:56 PM

MPHASIS LTD share price has plunged by 5% and its current market price is Rs 1,120. The BSE IT is down by 2.8%. The top gainers in the BSE IT Index are NIIT TECHNOLOGIES (up 5.1%) and NIIT LTD (up 1.4%). The top losers are MPHASIS LTD (down 5.2%) and L&T INFOTECH LTD (down 5.3%).

MAGMA FINCORP Plunges by 5%; BSE 500 Index Down 1.5% (Today's Market)

Oct 19, 2018 02:56 PM

MAGMA FINCORP share price has plunged by 5% and its current market price is Rs 103. The BSE 500 is down by 1.5%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.7%) and JET AIRWAYS (up 5.9%). The top losers are MAGMA FINCORP (down 5.1%) and PIRAMAL ENTERPRISES (down 9.7%).

TV TODAY NETWORK Plunges by 5%; BSE 500 Index Down 1.5% (Today's Market)

Oct 19, 2018 02:52 PM

TV TODAY NETWORK share price has plunged by 5% and its current market price is Rs 395. The BSE 500 is down by 1.5%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.2%) and JET AIRWAYS (up 6.4%). The top losers are TV TODAY NETWORK (down 5.1%) and L&T INFOTECH LTD (down 5.5%).

MUTHOOT FINANCE Plunges by 5%; BSE 500 Index Down 1.4% (Today's Market)

Oct 19, 2018 02:48 PM

MUTHOOT FINANCE share price has plunged by 5% and its current market price is Rs 404. The BSE 500 is down by 1.4%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.3%) and JET AIRWAYS (up 6.5%). The top losers are MUTHOOT FINANCE (down 5.2%) and PIRAMAL ENTERPRISES (down 9.8%).

HEIDELBERG CEMENT Plunges by 5%; BSE 500 Index Down 1.3% (Today's Market)

Oct 19, 2018 02:38 PM

HEIDELBERG CEMENT share price has plunged by 5% and its current market price is Rs 144. The BSE 500 is down by 1.3%. The top gainers in the BSE 500 Index are LAKSHMI VILAS BANK (up 7.4%) and RELIANCE INFRA (up 6.7%). The top losers are HEIDELBERG CEMENT (down 5.3%) and PIRAMAL ENTERPRISES (down 9.3%).

Sensex Down 420 Points; IT Stocks Tank (Today's Market)

Oct 19, 2018 12:30 pm

The BSE Sensex is trading down by 420 points, while the NSE Nifty is trading down by 140 points.

View More Indian Share Market News

Most Popular

This Market Crash could be the Biggest Wealth Creating Opportunity Since 2008(Profit Hunter)

Oct 8, 2018

While widespread fear is the friend of a value investor, serving up bargain purchases; personal fear is an investor's biggest enemy.

My Top 3 Tips to Navigate the Market Crash(The 5 Minute Wrapup)

Oct 8, 2018

Steep corrections are never easy to handle. It's hard to watch the value of your shares drop so much. But you can take steps to make the most of it.

IPO Market Feels the Heat of the Market Crash(Sector Info)

Oct 12, 2018

The sentiments in primary market have also deteriorated amid the stock market correction. Most listed IPOs of 2018 are trading below their issue price.

Even If IL&FS Group Brought This Correction, this is Right Time to Buy & Sit Tight!(Chart Of The Day)

Oct 12, 2018

Even if IL&FS is the culprit, it may turn out to be a hero if you buy right and sit tight.

ICICI Prudential Manufacture In India Fund: A Make In India Prodigy, Should You Invest?(Outside View)

Oct 8, 2018

PersonalFN briefly explains if you should be investing in the NFO: ICICI Prudenetial Manufacture in India Fund.


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Oct 19, 2018 (Close)