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?  

Sensex Trades Marginally Higher; Dow Futures Up by 6 Points
Wed, 20 Jan 12:30 pm | Ayesha Shetty, TM Team

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 140 points, up 0.3% at 49,538 levels.

Meanwhile, the NSE Nifty is trading up by 80 points.

Tata Motors and Wipro are among the top gainers today. Grasim and NTPC are among the top losers today.

The BSE Mid Cap index is trading up by 0.8%.

The BSE Small Cap index is trading up by 0.7%.

--- Advertisement ---
These 3 Stocks are the Dark Horses of the Stock Market

The mainstream media mostly ignores them.

Mutual funds and hedge funds can't buy them in bulk.

Stock brokers rarely cover them.

These stocks are the dark horses of the stock market.

They only come in limelight after they have rallied by hundreads of even thousands of percent.

Our head of smallcap research, Richa Agarwal, has a knack for identifying such stocks before they begin their rally.

Over the years, she has spotted such stocks which have gone on to offer triple and even quadruple digit gains for investors. (* Past performance is no guarantee of future results)

Today, when the markets are near all-time high... and some investors are thinking of booking profits... Richa has spotted 3 such stocks which are set for a massive rally.

She will reveal the details of these 3 stocks on 16th March at her free online summit.

Click here to sign-up instantly. It's free.

On the sectoral front, stocks from the automobile sector, are witnessing most of the buying interest.

On the other hand, stocks from the power sector, are witnessing most of the selling pressure.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 75 points (up 0.6%) while Dow Futures are trading up by 6 points (flat)

The rupee is trading at 73.12 against the US$.

Gold prices are trading up by 0.5% at Rs 49,235 per 10 grams.

In global markets, gold prices moved higher following a weaker US dollar amid expectations of a massive US stimulus.

Tracking higher global prices, gold prices edged higher in Indian markets. On MCX, February gold futures rose 0.3% to Rs 49,115 per 10 grams. In the previous session, gold had risen 0.2%.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among the best performing commodities this year to combat the fallout from the coronavirus pandemic.

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

Speaking of stock markets, India's #1 trader, Vijay Bhambwani, talks about why he thinks Paytm could usher in a revolution in the Indian stock market, in one of his latest videos for Fast Profits Daily.

Three months ago, Vijay had recorded a video about how we trade is about to change forever where he was referring to the Robin Hood app. The app had caused quite a disruption in the US stock market and continues to do so.

However, a similar kind of disruption in the Indian market could be happening as you read this. Paytm announced a few days ago that they would offer futures and options trading through their mobile app.

So, how big a disruption could this be and what does it mean for you?

Tune in here to find out more:

Moving on to stock specific news...

Among the buzzing stocks today is Ceat.

Tyre major, Ceat on January 19 reported over a two-and-a-half-fold jump in its consolidated net profit to Rs 1.3 billion in the third quarter ended on December 31, 2020, riding on robust sales. The company had posted a consolidated net profit of Rs 525 million in the year-ago period.

The company's consolidated revenue from operations stood at Rs 22.2 billion in the quarter under review as against Rs 17.6 billion in the year-ago period, a growth of 26%, it added.

Commenting on the company's performance, Ceat's Managing Director Anant Goenka said, "This quarter's growth has been achieved on the back of new capacities across segments, particularly passenger car, two-wheeler and farm segments."

The replacement market has been buoyant because of consumer preference in personal mobility and strong rural demand, he added.

Goenka further said, "All our factories are currently operating at a high capacity and we are confident in maintaining strong growth levels over the next few months. There is expected to be some margin pressure in the next quarter due to increasing raw material prices."

During the quarter, the company's continuous effort to judiciously manage cash helped in bringing down debt by Rs 2.6 billion and helped in qualitative improvement in the leverage ratios and the company's balance sheet.

At the time of writing, Ceat share price was trading up by 3.8% on the BSE.

Moving on to news from the finance sector...

IIFL Home Finance Ties Up with Standard Chartered Bank for Co-Lending

Fairfax-backed IIFL Finance on January 19 said its home loan subsidiary IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit to micro, small and medium enterprise (MSME) loans (loan against property).

Under this partnership, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.

This is one of the first co-lending arrangements in the industry after Reserve Bank India's (RBI) co-lending guidelines were issued.On November 5, 2020, RBI had announced the co-lending scheme for banks and non-banking finance companies (NBFCs) for the priority sector. Under the model, banks are permitted to co-lend with all registered NBFCs (including housing finance companies) based on a prior agreement. NBFCs shall be required to retain a minimum of 20% share of the individual loans on their books.

IIFL Finance is one of India's leading retail-oriented NBFC with about 90% of its Rs 410 billion loan book under the retail category.

How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

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

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 "Sensex Trades Marginally Higher; Dow Futures Up by 6 Points". Click here!


Stock Market Updates

Sensex Trades Over 200 Points Higher; Dow Futures Up by 37 Points (Today's Market)

Mar 8, 2021 12:30 pm

BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.

Indian Share Markets Open Higher; GAIL & ONGC Surge 5% (Today's Market)

Mar 8, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

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

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

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

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

ASTRAL POLY TECHNICK at All Time High; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

ASTRAL POLY TECHNICK share price has hit an all time high at Rs 2,332 (up 3.6%). The BSE CAPITAL GOODS Index is up by 1.4%. Among the top gainers in the BSE CAPITAL GOODS Index today are ASTRAL POLY TECHNICK (up 3.6%) and HONEYWELL AUTOMATION (up 2.5%). The top losers include KALPATARU POWER (down 0.8%).

BEML Share Price Up by 12%; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

BEML share price is trading up by 12% and its current market price is Rs 1,311. The BSE CAPITAL GOODS is up by 1.4%. The top gainers in the BSE CAPITAL GOODS Index is BEML (up 11.7%). The top losers is KALPATARU POWER (down 0.8%).

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.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot 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


Mar 8, 2021 (Close)