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?  

Indian Share Markets Open Lower; IndusInd Bank & Wipro Top Losers
Fri, 5 Mar 09:30 am | Yash Vora, TM Team

Asian stock markets are trading on a negative note today as rising US Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.

The Nikkei is trading down by 2% while the Hang Seng is down 0.9%. The Shanghai Composite is trading on a flat note.

In US stock markets, Wall Street's main indexes dropped sharply on Thursday after Federal Reserve Chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.

The 10-year Treasury yield jumped back above 1.5% following Powell's comments. The benchmark rate had stabilized earlier this week after a spike to 1.6% last week amid higher inflation expectations.

The Dow Jones Industrial Average ended lower by 1.1%. Meanwhile, the tech-heavy Nasdaq Composite tumbled 2.1%, taking it down about 10% from its record closing high on February 12 and putting it in correction territory.

--- Advertisement ---
Our Urgent Broadcast is LIVE Now

Our urgent broadcast on India's Revival with Tanushree Banerjee is LIVE NOW.

Join her to learn how to make windfall gains from a unique anomaly.

Join Tanushree LIVE
------------------------------

Back home, Indian share markets have opened on a negative note, following the trend on SGX Nifty and amid weak signals from Asian markets.

Heranba Industries is slated to list its shares on bourses today. The issue price has been fixed at Rs 627 per share. The issue was subscribed 83 times, with the retail investors portion getting subscribed 11 times.

The BSE Sensex is trading down by 279 points. Meanwhile, the NSE Nifty is trading lower by 83 points.

ONGC is among the top gainers today. IndusInd Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened down by 0.2%. The BSE Small Cap index is trading higher by 0.4%.

Sectoral indices are trading on a mixed note with stocks in the oil & gas sector witnessing buying interest.

Banking stocks, finance stocks and metal stocks, on the other hand, are trading in red.

Shares of Adani Gas and Balrampur Chini hit their 52-week highs today.

The rupee is trading at 72.99 against the US$.

Gold prices are trading down by 0.4% at Rs 44,381 per 10 grams.

--- Advertisement ---
[Watch Now] 3 Little-known Stocks We are Super Bullish On



Click Here to Watch Now
------------------------------

Gold slumped to near nine-month low and is headed for a third straight weekly decline after Federal Reserve Chair Jerome Powell disappointed investors with his view on rising yields that pushed up the dollar and bond yields.

Speaking of stock markets, in his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani talks about how inflation is affecting your money in the market and why you need to keep a close eye on it.

Tune in to the video below to find out more:

In news from the automobile sector, putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is "no dialogue" with the Elon Musk-owned car company for a partnership in India.

"There is no dialogue with Tesla. With us, there is nothing," Chandrasekaran told as he spoke about the aggressive plans of Tata Motors and its British subsidiary Jaguar and Land Rover in the electric vehicles space.

The Tata Sons chief said products under Tata Motors and JLR have been performing well, and there is no need for any outside partner at this time.

Note that there have been widespread speculation in the media about an impending partnership between the Tata Group and Tesla as the latter is now entering the Indian market.

WATCH NOW: India's Revival Urgent Broadcast (available till 11:59pm tonight)

The above news had also contributed to the spike in Tata Motors share price. But it had also moved up due to the strong performance of the company's car business in India.

Tesla has registered an office in India (Tesla Motors India & Energy Pvt Ltd) and this has been done in Bangalore. It is expected that the company is currently laying the groundwork.

Tata Group is going strong in electric vehicles business. Chandrasekaran said all electric products of JLR will be in India too.

We will keep you updated on all the latest developments from this space. Stay tuned.

Speaking of electric vehicles, note that the power ministry has approved setting up 2,636 electric vehicle charging stations across 62 cities in 24 states.

Here's what Co-Head of Research at Equitymaster, Tanushree Banerjee wrote about electric vehicles in one of her editions of Profit Hunter:

  • 106 public and private entities have approached the government for permissions to set up about 7,000 EV charging stations.

    This clearly shows the vehicle manufacturers have enough incentive to capture this latent demand.

    The tax benefit in terms of a lower GST rate (at 5%) is a further shot in the arm of the EV industry.

As per Tanushree, electric vehicles are very much on their way to invading Indian roads. The threat of disruption in this era is something you cannot ignore.

Tanushree believes one of the companies manufacturing lithium ion batteries for powering electric cars will be a key catalyst for the Rebirth of India.

Moving on to news from the IT sector, Wipro is among the top buzzing stocks today.

Wipro, in its biggest acquisition so far, has signed an agreement to buy London-based Capco, a global management and technology consultancy, for US$ 1.45 billion.

Capco provides digital, consulting and technology services to financial institutions in the Americas, Europe, and the Asia Pacific.

The deal is an all-cash one and will be funded through internal accruals and debt. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the June quarter.

Rishad Premji, chairman, Wipro, said, "With this deal we are joining select service providers that bring end-to-end consultative, digital cloud, and IT-driven solutions at scale to our customers. This deal will bring scale to Wipro's BFSI (banking financial services, and insurance) play."

The company said this acquisition would make Wipro one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry.

It will add revenues of US$ 700 million and will see 5,000 technology and business consultants joining Wipro.

Wipro share price has opened the day down by 2%.

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 "Indian Share Markets Open Lower; IndusInd Bank & Wipro Top Losers". Click here!

  

Stock Market Updates

DABUR at All Time High; BSE FMCG Index Up 0.1% (Today's Market)

Apr 15, 2021 03:34 PM

DABUR share price has hit an all time high at Rs 580 (up 2.5%). The BSE FMCG Index is up by 0.1%. Among the top gainers in the BSE FMCG Index today are DABUR (up 2.5%) and P&G HYGIENE (up 0.6%). The top losers include KRBL (down 0.3%) and AVANTI FEEDS (down 0.4%).

Sensex Trades Over 300 Points Lower, Dow Futures Up by 99 Points (Today's Market)

Apr 15, 2021 12:30 pm

BSE Sensex is trading down by 304 points, while the NSE Nifty is trading down by 80 points.

Sensex Opens Marginally Higher; Infosys Dips 4% Post Q4 Results (Today's Market)

Apr 15, 2021 09:30 am

Indian share markets open marginally higher. The BSE Sensex opened up by 121 points, while the Nifty is trading higher by 45 points.

DABUR at All Time High; BSE FMCG Index Down 0.1% (Today's Market)

Apr 15, 2021 09:42 AM

DABUR share price has hit an all time high at Rs 569 (up 0.9%). The BSE FMCG Index is down by 0.1%. Among the top gainers in the BSE FMCG Index today are DABUR (up 0.9%) and NESTLE (up 0.1%). The top losers include HUL (down 0.1%) and ADVANCED ENZYME TECHNOLOGIES (down 0.1%).

GLENMARK PHARMA Share Price Up by 5%; BSE HEALTHCARE Index Up 0.9% (Today's Market)

Apr 15, 2021 09:36 AM

GLENMARK PHARMA share price is trading up by 5% and its current market price is Rs 540. The BSE HEALTHCARE is up by 0.9%. The top gainers in the BSE HEALTHCARE Index is GLENMARK PHARMA (up 5.2%). The top losers are JUBILANT PHARMOVA (down 0.2%) and GSK PHARMA (down 0.3%).

ASTRAL POLY TECHNICK Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

Apr 15, 2021 09:34 AM

ASTRAL POLY TECHNICK share price is trading up by 5% and its current market price is Rs 1,510. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is ASTRAL POLY TECHNICK (up 5.1%). The top losers are HONEYWELL AUTOMATION and SKF INDIA (down 0.3%).

View More Indian Share Market News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

Why the Market Fell Yesterday(Fast Profits Daily)

Apr 6, 2021

In this video, I'll tell you the two reasons why the market fell on Monday and how you can prepare yourself for such events in the future.

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 15, 2021 (Close)

MARKET STATS