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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

4 Reasons Why Sensex Surged 750 Points Today
Mon, 1 Mar Closing | Yash Vora, TM Team

Indian share markets witnessed positive trading activity throughout the day today and ended on a strong note.

Benchmark indices rebounded amid broad-based buying after they suffered their biggest one-day drop last week on Friday.

At the closing bell, the BSE Sensex stood higher by 750 points (up 1.5%).

The NSE Nifty closed higher by 232 points (up 1.6%).

Power Grid and ONGC were among the top gainers today.

The SGX Nifty was trading at 14,795, up by 235 points, at the time of writing.

The BSE Mid Cap index ended up by 1.5%, and the BSE Small Cap index ended up by 1.6%.

On the sectoral front, gains were largely seen in the automobile sector, metal sector and power sector. Telecom stocks, on the other hand, witnessed selling pressure.

US stock futures are trading firm today indicating a positive opening for Wall Street indices. Nasdaq Futures are trading up by 183 points (up 1.4%), while Dow Futures are trading up by 323 points (up 1%).

The rupee is trading at 73.54 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.6% at Rs 45,989 per 10 grams.

Gold edged higher today, recovering from an eight-month low touched in the previous session, as a weaker dollar lifted bullion's appeal.

Physical gold demand in India gained momentum last week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.

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Here are Top 4 Factors Why Indian Share Markets Rallied Today

Firm Global Cues: Asian share markets bounced back following their worst drop in almost a year last week after a spike in global bond yields spooked investors already uneasy about the market's stretched valuation.

Japan's Topix Index jumped the most in seven months, as a pause in selloffs in US treasuries boosted the tech-heavy Nasdaq index and lifted domestic shares of chipmakers.

The Nikkei ended up by 2.4%. The Shanghai Composite ended up 1.2%. It fell 5.1% last week, its biggest weekly percentage drop since February 2020.

Encouraging GDP Numbers: Indian share markets also reacted to encouraging Q3 GDP data announced after market hours on Friday.

India's GDP grew 0.4% in October to December, compared with a revised contraction of 7.3% in July to September.

Macro Data: Manufacturing activity in India eased marginally in February and employment decreased further amid the Covid-19 restrictions, a private survey showed.

The IHS Markit India Manufacturing Purchasing Managers' Index was 57.5 in February compared to 57.7 in January but remained above its long-run average of 53.6.

US Stimulus Package: The rebound in global bond markets and developments related to the US stimulus package buoyed markets in Asia and India.

US House of Representatives passed a US$ 1.9 trillion coronavirus relief package early Saturday. Democrats who control the chamber approved the sweeping measure by a mostly party-line vote of 219 to 212 and sent it to the Senate, where Democrats planned a legislative manoeuvre to allow them to pass it without the support of Republicans.

We will keep you updated on how these factors develop in the coming days and what effect they have on Indian stock markets. Stay tuned!

India's Revival: A Once-in-a-Generation Wealth Making Opportunity

Speaking of stock markets, in the latest episode of Investor Hour, India's #1 trader Vijay Bhambwani discusses stock markets, the best sectors, ETFs, gold, silver, inflation, cryptos, oil and gas prices, the best investment for the long term, and a lot more.

In the video, Vijay also talks about his new targets for gold and silver and the best long-term investment opportunity.

Tune in to the below video to find out more:

Moving on to stock specific news...

RailTel Corp of India was among the top buzzing stocks today.

Shares of RailTel rallied 20% in intra-day trade today after institutional investors bought a stake in the company via open market on its debut day on Friday.

The stock of the state-owned telecom infrastructure provider made a strong debut on the bourses last week as it got listed at a 28% premium at Rs 120.60.

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On Friday, Goldman Sachs India Fund and Nippon India Mutual Fund collectively bought 10.7 million equity shares of RailTel worth Rs 1.2 billion through block deals on the NSE, the exchange data shows.

Goldman Sachs India Fund bought 3.71 million equity shares in the company at Rs 113.57 per share on the NSE.

Nippon India Mutual Fund bought 5 million shares at Rs 109 per share, while, Nippon India Mutual Fund-Multi Cap Fund bought 2 million shares at Rs 116.13 per share, data shows.

RailTel is one of the largest neutral telecom infrastructure providers in India.

RailTel Corp of India share price ended the day up by 20%.

Speaking of smallcap stocks, since the lows in March 2020, the smallcap index has gained more than 100%.

The BSE Smallcap index is trading near the levels seen in January 2018, when smallcaps had peaked.

While caution is indeed warranted, Richa Agrawal, lead Smallcap Analyst at Equitymaster, thinks there is still a lot more steam left to this smallcap rebound rally.

Have a look at the history of previous smallcap crashes and rebounds over the last two decades...

As you can see, every big fall in the smallcap index was followed by a sharp up move, a minimum gain 200%. Twice the rebounds were just shy of touching 300%.

Richa believes if you focus on the quality of business, margin of safety in valuations, and an optimum asset allocation, you are likely to create huge wealth for yourself.

Also speaking of smallcaps, in one of his videos for Fast Profits Daily, Brijesh Bhatia talks about why smallcap stocks will outperform the Nifty 50 index and for how long such outperformance could last.

As per Brijesh, the smallcap rally has only just begun.

You can watch the video here: Smallcaps Will Outperform the Nifty

Moving on to news from the automobile sector, country's largest carmaker Maruti Suzuki today reported a 11.8% increase in wholesales to 1,64,469 units in February. The company had sold 1,47,110 units in February last year.

Domestic sales increased 11.8% to 1,52,983 units last month, as against 1,36,849 units in February 2020.

Sales of mini cars, comprising Alto and S-Presso, declined by 12.9% to 23,959 units, as compared to 27,499 in the same month last year.

Sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, increased by 15.3% to 80,517 units, as against 69,828 cars in February last year.

Sales of mid-sized sedan Ciaz, however, declined by 40.6% to 1,510 units, as compared to 2,544 units in February 2020.

Utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, rose 18.9% to 26,884 units, as compared to 22,604 units in the year-ago month.

Exports in February were up 11.9% at 11,486 units, as against 10,261 units in the corresponding month last year.

Maruti Suzuki share price ended the day up by 2.1%.

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

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Stock Market Updates

Sensex Trades Marginally Higher, Dow Futures Up by 17 Points (Today's Market)

Apr 13, 2021 12:30 pm

BSE Sensex is trading up by 167 points, while the NSE Nifty is trading up by 50 points.

Indian Share Markets Open Marginally Higher; ONGC and M&M Top Gainers (Today's Market)

Apr 13, 2021 09:30 am

Indian share markets open in green. The BSE Sensex opened up by 156 points, while the Nifty is trading higher by 52 points.

HEG Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.7% (Today's Market)

Apr 13, 2021 09:32 AM

HEG share price is trading up by 5% and its current market price is Rs 2,177. The BSE CAPITAL GOODS is up by 0.7%. The top gainers in the BSE CAPITAL GOODS Index are HEG (up 5.3%) and GRAPHITE INDIA (up 7.5%). The top losers are KALPATARU POWER (down 0.1%) and HONEYWELL AUTOMATION (down 0.4%).

BANK OF MAHARASHTRA Share Price Up by 6%; BSE BANKEX Index Up 1.0% (Today's Market)

Apr 13, 2021 09:32 AM

BANK OF MAHARASHTRA share price is trading up by 6% and its current market price is Rs 24. The BSE BANKEX is up by 1.0%. The top gainers in the BSE BANKEX Index is BANK OF MAHARASHTRA (up 5.9%). The top losers is KOTAK MAHINDRA BANK (down 0.3%).

ADANI PORTS & SEZ Share Price Down by 5%; BSE 500 Index Up 0.1% (Today's Market)

Apr 13, 2021 09:26 AM

ADANI PORTS & SEZ share price is trading down by 5% and its current market price is Rs 755. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are GRAPHITE INDIA (up 5.4%) and GSK CONSUMER (up 5.1%). The top losers are ADANI PORTS & SEZ (down 5.3%) and MAH. SCOOTERS (down 5.2%).

MAHINDRA HOLIDAYS Share Price Down by 6%; BSE 500 Index Up 0.1% (Today's Market)

Apr 13, 2021 09:26 AM

MAHINDRA HOLIDAYS share price is trading down by 6% and its current market price is Rs 221. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are GRAPHITE INDIA (up 5.4%) and GSK CONSUMER (up 5.1%). The top losers are MAHINDRA HOLIDAYS (down 6.4%) and MAH. SCOOTERS (down 5.2%).

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