X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 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

MEMBER'S LOGINX

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

Of Sensex Touching Record Highs, Rally in Banking Stocks and Key Stocks in Action Today
Fri, 19 Jan Pre-Open | Karan Janani, TM Team

Sensex Touches Record High of 35,000

BSE Sensex is on a roll. The index touched a record high of 35,000 on Wednesday and further inched upwards to end yesterday's trade at a level of 35,260. Considering a span of one year, the benchmark index has delivered a 30% return. Such superior returns within a short span have occurred after almost two decades. So, this is historic.

BSE SmallCap and BSE MidCap index too have delivered mind-boggling returns in the preceding year. Both the indices have shot up by 53.8% and 41.5% respectively.

The index has surged mainly on the back of huge domestic inflows coming into mutual funds. Apart from this, an expected recovery in the earnings too has fueled a hope rally in the benchmark index.

Given the sharp surge, the Sensex price/ earnings (P/E) ratio has risen to 25.8 times. This is way ahead as compared to the ten-year median price/earnings (P/E) ratio of 19.6 times. This ratio indicates that the benchmark index could well be in a bubble territory (subscription required) as of now.

The benchmark index lost around 4000 points within a quick span of one month during the 2008 financial crisis. At that time, the benchmark index was trading at a P/E ratio of around 28 times.

Subdued earnings have led to the P/E ratio remaining high. It's high time that corporate earnings catch up to the market's expectation. In-case they don't, a crash as seen in the earlier years cannot be ruled out.

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.

Rally in Banking Stocks

The rally in the stocks in the private banking space continued yesterday. The government is considering allowing 100% FDI in private banks and 49% in public sector banks. The move could pave the way for higher foreign flows in banks.

Stocks such as HDFC Bank, Kotak Bank and IndusInd Bank shot up by 2.1%, 1.8% and 1.4% respectively.

Key Stocks in Action Today

The heavyweights such as ITC, HDFC Bank, Reliance Industries, Kotak Bank, HCL Tech, Wipro are expected to be in the news today as they declared their results for the quarter ended December 2018.

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 "Of Sensex Touching Record Highs, Rally in Banking Stocks and Key Stocks in Action Today". Click here!

  

Stock Market Updates

Most Active Small-Cap Stocks Today; JET AIRWAYS the Most Traded (Today's Market)

Jan 16, 2019 05:02 PM

Here's a list of most active small-cap stocks today. It also includes information on BSE Smallcap index and the broader benchmark indices.

Top 5 Mid-Cap Gainers Today; GODREJ AGROVET LTD Leads the Pack (Today's Market)

Jan 16, 2019 05:02 PM

Here's a list of 5 stocks that gained the most in the BSE Mid-Cap Index today. It also includes information on BSE Mid-Cap index and the broader benchmark indices.

GUJ. STATE PETRONET Surges by 5%; BSE OIL & GAS Index Up 0.6% (Today's Market)

Jan 16, 2019 03:18 PM

GUJ. STATE PETRONET share price has surged by 5% and its current market price is Rs 179. The BSE OIL & GAS is up by 0.6%. The top gainers in the BSE OIL & GAS Index is GUJ. STATE PETRONET (up 5.5%). The top losers are HPCL (down 0.5%) and OIL INDIA LTD. (down 0.7%).

ERIS LIFESCIENCES LIMITED Surges by 10%; BSE HEALTHCARE Index Up 0.5% (Today's Market)

Jan 16, 2019 02:50 PM

ERIS LIFESCIENCES LIMITED share price has surged by 10% and its current market price is Rs 727. The BSE HEALTHCARE is up by 0.5%. The top gainers in the BSE HEALTHCARE Index is ERIS LIFESCIENCES LIMITED (up 10.3%). The top losers are FORTIS HEALTHCARE (down 0.1%) and ABBOTT INDIA (down 0.1%).

APL APOLLO TUBES Surges by 5%; BSE CAPITAL GOODS Index Up 0.7% (Today's Market)

Jan 16, 2019 02:08 PM

APL APOLLO TUBES share price has surged by 5% and its current market price is Rs 1,175. The BSE CAPITAL GOODS is up by 0.7%. The top gainers in the BSE CAPITAL GOODS Index are APL APOLLO TUBES (up 5.4%) and GRAPHITE INDIA (up 8.3%). The top losers are CARBORUNDUM UNIVERSAL and LAKSHMI MACHINE (down 0.1%).

Sensex Trades Rangebound; IndusInd Bank & ICICI Bank Top Gainers (Today's Market)

Jan 16, 2019 12:30 pm

The BSE Sensex is trading up by 74 points, while the NSE Nifty is trading up by 21 points.

View More Indian Share Market News

Most Popular

Our First Bluechip Stock Recommendation in Smart Money Secrets(The 5 Minute Wrapup)

Jan 9, 2019

For the first time, we have recommended a bluechip stock in Smart Money Secrets.

3 Stocks in Super Investor Sumeet Nagar's Portfolio That You Can Buy Right Now(The 5 Minute Wrapup)

Jan 11, 2019

The reasons that make these six stocks in Sumeet Nagar's portfolio so compelling

Follow a Super Investor Like This to Multiply Your Wealth(The 5 Minute Wrapup)

Jan 4, 2019

Following a super investor can certainly help build a portfolio and create wealth in the long term.

15 Mistakes to Avoid to Make a Killing in the Markets(Profit Hunter)

Jan 3, 2019

Richa dissects the common mistakes investors make and how to avoid and even take advantage of them.

My First Stock Trading Recommendation For 2019(Profit Hunter)

Jan 10, 2019

My first trading recommendation for 2019 is a bluechip auto stock. Find out everything about it right away.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jan 16, 2019 (Close)

MARKET STATS