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?  

ECB Decision; Trump's Trade War & Top Stocks to Watch Out for Today
Fri, 8 Mar Pre-Open | Rini Mehta, TM Team

On Tuesday, the Indian share markets ended marginally higher led by gains in HDFC Bank, Larsen & Toubro (L&T), ITC, and Axis Bank.

The BSE Sensex ended at 36,725, up 89 points while the Nifty50 index settled at 11,058, up 5 points.

Among the sectoral indices, IT, metal, automobiles and pharma stocks witnessed selling pressure, while some buying was seen in the bank stocks, FMCG and infra sectors.

Top Stocks in Focus

Maruti Suzuki share price will be in focus today as it has reported 8.3% fall in its production to 148,959 vehicles in February 2019, as compared to 162,524 vehicles in February 2018.

NMDC has reported 28.4 million tonne (MT) of iron ore production and logged sales volume of 28.8 MT up to the month of February 2019. The stock will be watched out for.

Natco Pharma has received final approval from the US Food and Drug Administration (USFDA) for Imatinib Mesylate Tablets, 100 mg (base) and 400 mg (base).

Larsen and Toubro's (L&T) construction arm has secured orders from prestigious clients across varied states in India. The orders are in the range of Rs 25 to Rs 50 billion.

NHPC has received approval from Union Cabinet for acquiring Lanco's 500 MW Teesta hydro-electric power project in Sikkim. The company has also been allowed to spend Rs 5.7 billion to complete balance work at the project. The project would generate 2,400 million units.

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

Global Stock Market Drivers

Globally, stocks were mostly lower on Thursday as fresh cuts to economic forecasts added to investor concerns about the outlook for global growth.

US futures declined after a three-day drop for American stocks as reports showed the country's trade deficit widened to a 10-year high and private companies added fewer employees.

In Asia, shares fell in Japan and Hong Kong, with China bucking the trend. The euro held steady and European bonds declined ahead of the ECB gathering.

Trade remains in the picture with markets awaiting details of a possible accord, as Donald Trump is said to be pressuring US negotiators to cut a deal with China soon.

Here are some key events coming up:

  • ECB policy makers will announce their interest rate decision.
  • The US jobs report for the month of February will be in focus today.

Oil Prices Edge Up

Oil prices crept up on Thursday amid ongoing Organization of the Petroleum Exporting Countries (OPEC) -led supply cuts and US sanctions against exporters Venezuela and Iran, but gains were capped by record US crude output and rising commercial fuel inventories.

Brent crude futures were at US$66.12 per barrel, up 0.2% from their last close.

US West Texas Intermediate (WTI) crude oil futures were at US$56.24 per barrel, up 2 cents.

Reportedly, prices are being supported by efforts led by the OPEC and other countries to withhold around 1.2 million barrels per day (bpd) of oil, a strategy aimed at tightening markets.

From the IPO space...

As per an article in a leading financial daily, the initial public offering (IPO) of private life insurer PNB MetLife Insurance is likely to come out in the second quarter of FY20.

The company had filed its draft red herring prospectus (DRHP) with the markets regulator in July 2018. It received its go-ahead in November 2018.

PNB MetLife is a joint venture between Punjab National Bank (30% stake), MetLife (26%), Elpro International (21%), M Pallonji & Company (18%), and Jammu and Kashmir Bank (5%).

This will be the fourth life insurer after ICICI Prudential Life Insurance, HDFC Life Insurance and SBI Life Insurance to be listed on the exchanges. In the non-life sector, ICICI Lombard General Insurance and reinsurer GIC Re are listed.

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

Speaking of IPOs, we at Equitymaster believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs.

If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

To know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

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 "ECB Decision; Trump's Trade War & Top Stocks to Watch Out for Today". Click here!

  

Stock Market Updates

Sensex Zooms 1,030 Points, Nifty Tops 14,980-Mark; HDFC Bank Among Top Gainers (Today's Market)

Feb 24, 2021 Closing

Indian share markets witnessed huge buying interest during the extended closing hours today and ended their day on a strong note.

Sensex Rises 477 Points; Trading Resumes on NSE (Today's Market)

Feb 24, 2021 Special Update

The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.5% (Today's Market)

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

MUTHOOT FINANCE Share Price Down by 6%; BSE 500 Index Up 0.5% (Today's Market)

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

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

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Sensex Trades Over 200 Points Higher; Dow Futures Down by 103 Points (Today's Market)

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

View More Indian Share Market News

Most Popular

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years(Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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


Feb 24, 2021 (Close)

MARKET STATS