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?  

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points
Thu, 4 Mar 12:30 pm | Ayesha Shetty, TM Team

Share markets in India are presently trading on a negative note.

The BSE Sensex is trading down by 385 points, down 0.8% at 51,059 levels.

Meanwhile, the NSE Nifty is trading down by 103 points.

SBI Life and Adani Ports & SEZ is among the top gainers today. JSW Steel and HDFC are among the top losers today.

The BSE Mid Cap index trading up by 0.8%.

The BSE Small Cap index is trading up by 0.9%.

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

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

US stock futures are trading lower today, indicating a negative opening for Wall Street.

Nasdaq Futures are trading down 103 points (down 0.8%) while Dow Futures are trading down by 101 points (down 0.3%)

The rupee is trading at 72.73 against the US$.

Gold prices are trading down 0.4% at Rs 44,783 per 10 grams.

--- 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
------------------------------

Gold today extended its recent fall in Indian markets amid rising US bond yields. On MCX, gold futures fell 0.4% to 10-month low of Rs 44,768 per 10 grams. In the previous session, gold had dipped 1.2% or Rs 600 per 10 grams.

Note that after strong gains in 2020, gold has been under pressure so far this year amid a rally in equity markets and rising US bond yields. Gold is down over Rs 5,000 from the start of this year and Rs 11,500 from August highs of Rs 56,200.

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?

Revealed: 3 "Revival Stocks" for Potentially Massive Gains

Moving on to stock specific news...

Among the buzzing stocks today is Welspun India.

Home textiles major Welspun India's board has approved raising up to US$ 100 million (approximately Rs 7.5 billion) in one or more tranches.

The board of directors approved raising or borrowing up to a maximum of US$ 100 million in one or more form of instruments, including but not limited to loans, ESG Bonds, nonconvertible debentures (NCDs), etc.

The money may be raised in form of domestic or overseas issuance in one or more tranches.

The board also authorized approaching the shareholders seeking requisite approvals to be obtained by way of a general meeting.

Welspun India is one of the leading textile companies in India. It provides a wide array of high-end flooring solutions, including rugs, tiles, and carpets. It exports more than 94% of its home textiles products to more than 50 countries.

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, Welspun India share price was trading up by 9.4% on the BSE.

Speaking of the stock markets, Brijesh Bhatia, Research Analyst at Equitymaster, discusses why he thinks there is a possibility of the rupee falling to Rs 80 against the dollar in 2021, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

Moving on to news from the ipo space...

Ircon International Sheds 7% Even as OFS Is Oversubscribed, MTAR Technologies Gets 4x Bids

The share sale launched by the government in Ircon International to divest 16% saw more demand than shares on offer. The 75.2 million offer for sale (OFS) generated bids for 108.5 million shares from institutional investors.

Another 22.6 million shares reserved for retail investors will be auctioned today (March 4, 2021). The base price of the OFS is Rs 88 per share.

Shares of Ircon fell 7% to end at Rs 91.1 in the secondary market yesterday. After the share sale, the government's stake in Ircon will drop from 89.2% at present to 73.2%.

Meanwhile, the initial public offering (IPO) for Hyderabad-based precision engineering firm MTAR Technologies was subscribed nearly four times on March 3, 2021, the first day of the issue.

A day earlier, the company allotted shares worth Rs 1.8 billion to anchor investors. MTAR's Rs 5.9 billion IPO comprises of fresh fundraise of Rs 1.1 billion and secondary share sale worth Rs 4.7 billion.

At the upper end of the IPO price band of Rs 574-Rs 575 per share, MTAR will have a market capitalization of Rs 17.7 billion on a post-issue basis. The IPO closes on March 5, 2021.

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 Over 300 Points Lower; Dow Futures Down by 101 Points". 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