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?  

SGX Nifty Up 36 Points, MTAR Technologies IPO, Tata Motors February Sales, and Buzzing Stocks Today
Wed, 3 Mar Pre-Open | Monish Vora, TM Team

Indian share markets witnessed buying interest during closing hours yesterday and ended higher.

Benchmark indices ended on a strong note amid positive cues from Asian peers and a record close by S&P 500, as global worries around inflation calmed down.

GST collection numbers further indicated some positive trend with GST revenues over Rs 1 lakh crore for the 5th time in a row. Post hitting a new high in terms of GST collections in January 2021, the collections in February 2021 too, were 7% higher YoY.

At the closing bell yesterday, the BSE Sensex stood higher by 447 points (up 0.9%).

Meanwhile, the NSE Nifty closed higher by 158 points (up 1.1%).

M&M and NTPC were among the top gainers.

ONGC and HDFC, on the other hand, were among the top losers.

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

--- Advertisement ---
3 Stocks for Potentially Massive Gains

COVID-19 has triggered a fundamental shift in the global economic and geopolitical map.

This reshuffling of the geopolitical map is just ONE of the forces fuelling the great Indian revival.

A revival that will restore the power, wealth, and influence we once enjoyed.

And, those who invest in the companies at the heart of this revival could turn a small stake into generational wealth.

Our co-head of research, Tanushree Banerjee, has narrowed down on 3 specific stocks.

She strongly believes, these 3 "revival stocks" could potentially offer massive gains.

Click here to learn more about this mega opportunity
------------------------------

On the sectoral front, gains were largely seen in the automobile sector and IT sector.

Paper stocks rallied yesterday as China producers hiked prices.

At 8:00 am today, the SGX Nifty was trading up by 36 points, or 0.2% higher at 15,020 levels. Indian share markets are headed for a positive opening today following the trend on SGX Nifty.

The dollar rose to its highest level in a month yesterday as underlying concerns about rising bond yields drove investors back into safe-haven assets.

Gold prices for the latest contract on MCX were trading up by 0.1% at Rs 45,359 per 10 grams at the time of closing stock market hours yesterday.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani talks about why it's prudent to be extra cautious during the month of March, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

Top Stocks in Focus Today

Nestle India will be among the top buzzing stocks today.

In a recently held analysts' meet, Nestle India's management said it expects to sustain volume-led double-digit growth.

Nestle registered a volume growth of 6% in CY20 aided by strong growth in Maggi Noodles (approximately 20% in Q4 CY20) and KitKat (more than 20% in H2 CY20).

Revealed: 3 "Revival Stocks" for Potentially Massive Gains

Some key challenges faced by the company during the pandemic were supply constraints in the noodles category in Q2 CY20 and demand contraction from out of home channels in the beverage segment.

The company also maintained its strong focus on driving increased distribution reach in the rural markets.

Privatization-bound Bharat Petroleum Corporation (BPCL) will also be in focus today as the company said it will exit the Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India and Engineers India for Rs 98.7 billion.

The sale of Numaligarh Refinery clears the way for the privatization of India's second-largest fuel retailer.

In keeping with the Assam Peace Accord, the government had decided to keep Numaligarh Refinery (NRL) in the public sector. As part of this, BPCL was to sell its entire 61.7% stake to state-owned firms. A consortium of Oil India, Engineers India, and the Government of Assam expressed interest in buying the stake and the BPCL board on Monday approved the sale.

Market participants will also track HDFC Bank share price as the private lender said issues related to internet banking were resolved after some customers faced the second outage in three months.

"There were intermittent issues in accessing Net Banking and Mobile Banking, faced by some of our customers. The issue stands resolved," the bank's spokesman said in a text message.

The nation's most valuable lender has been facing repeated technical glitches for its netbanking platform, an issue which prompted the central bank to take rare steps recently including an external audit of the bank's technology infrastructure, and curbing digital and credit card launches.

MTAR Technologies IPO Opens for Subscription

In latest developments from the IPO space...

Hyderabad-based MTAR Technologies will open its Rs 5.96-billion initial public offering (IPO) for subscription today.

The IPO comprises a fresh issue of 2.15 million shares and an offer-for-sale (OFS) of 822.4 million shares and will close on March 5.

MTAR is a leading maker of nuclear, defence and aerospace equipment, fabrication facilities and fuel cells. The company recently sold 185.1 million shares at Rs 540 apiece in a pre-IPO placement to schemes of SBI Mutual Fund and Axis Mutual Fund.

The price band has been fixed at Rs 574-575 apiece for the IPO.

According to the company's prospectus, proceeds from the fresh issue will be used for repayment or pre-payment of its borrowings and funding working capital requirements.

The company has three key customers in the fuel cell, nuclear, and space and defence segments.

In the fuel cell segment, Bloom Energy is its largest customer. In the nuclear segment, Nuclear Power Corporation of India is the company's key customer. In the space and defence segment, clients such as the Indian Space Research Organisation (ISRO) and Defence Research and Development Organisation (DRDO) are the key customers of the company.

How this IPO sails through remains to be seen. Meanwhile, stay tuned to get all the updates from this space.

Tata Motors February Sales Outperform Sector Peers

Tata Motors sales growth in the month of February outperformed sector peers across domestic commercial vehicle (CV) & passenger vehicle (PV) segments.

The auto major reported a 51.1% increase in total sales at 61,365 units in February. It had sold a total of 40,619 units in the same month last year.

The Tata group company reported 54% year-on-year (YoY) growth in domestic sales at 58,473 units in the month of February 2021.

It retained the positive momentum in PV segment and reported 119% YoY jump at 27,225 units.

The February sales have been the highest-ever sales for Tata Motors PV in nearly 9 years, the company said.

The company's CV segment, too, reported volumes of 33,966 units, up 21% YoY and 3.2% on month-on-month (MoM) basis.

How these numbers show up in coming months remains to be seen. Meanwhile, we will keep you updated on all the developments from this space.

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 "SGX Nifty Up 36 Points, MTAR Technologies IPO, Tata Motors February Sales, and Buzzing Stocks Today". Click here!

  

Stock Market Updates

PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Up 0.9% (Today's Market)

Apr 9, 2021 03:34 PM

PIDILITE INDUSTRIES share price has hit an all time high at Rs 1,928 (up 0.6%). The BSE FMCG Index is up by 0.9%. Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 0.6%) and P&G HYGIENE (up 1.5%). The top losers include GODREJ CONSUMER (down 0.1%) and CCL PRODUCTS (down 0.2%).

Sensex Trades Marginally Higher, Dow Futures Up by 27 Points (Today's Market)

Apr 9, 2021 12:30 pm

BSE Sensex is trading up by 13 points, while the NSE Nifty is trading up by 7 points.

DR. LAL PATHLABS at All Time High; BSE HEALTHCARE Index Up 1.1% (Today's Market)

Apr 9, 2021 11:06 AM

DR. LAL PATHLABS share price has hit an all time high at Rs 3,233 (up 1.6%). The BSE HEALTHCARE Index is up by 1.1%. Among the top gainers in the BSE HEALTHCARE Index today are DR. LAL PATHLABS (up 1.6%) and ABBOTT INDIA (up 0.9%). The top losers include GSK PHARMA (down 0.1%) and SYNGENE INTERNATIONAL (down 0.2%).

Sensex Opens Marginally Lower; Bajaj Finance & ICICI Bank Top Losers (Today's Market)

Apr 9, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 212 points, while the Nifty is trading lower by 56 points.

MINDTREE at All Time High; BSE IT Index Up 0.2% (Today's Market)

Apr 9, 2021 09:30 AM

MINDTREE share price has hit an all time high at Rs 2,248 (up 0.4%). The BSE IT Index is up by 0.2%. Among the top gainers in the BSE IT Index today are MINDTREE (up 0.4%) and ORACLE FINANCIAL (up 0.1%). The top losers include HEXAWARE TECHNOLOGIES and L&T INFOTECH (down 0.1%).

DABUR at All Time High; BSE FMCG Index Up 0.8% (Today's Market)

Apr 9, 2021 09:28 AM

DABUR share price has hit an all time high at Rs 563 (up 0.7%). The BSE FMCG Index is up by 0.8%. Among the top gainers in the BSE FMCG Index today are DABUR (up 0.7%) and P&G HYGIENE (up 0.2%). The top losers include EMAMI (down 0.1%) and TATA CONSUMER PROD. (down 0.2%).

View More Indian Share Market News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

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


Apr 9, 2021 (Close)

MARKET STATS