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?  

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

Indian Indices End Flat, GAIL and UPL Among Top Nifty Gainers
Mon, 8 Mar Closing | Monish Vora, TM Team

Indian share markets continued their volatile trend during closing hours today and ended their day on a flat note.

At the closing bell, the BSE Sensex stood higher by 35 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 18 points (up 0.1%).

GAIL and UPL were among the top gainers today.

IndusInd Bank was among the top losers today.

The SGX Nifty was trading at 14,969, up by 15 points, at the time of writing.

The BSE Mid Cap index ended up by 0.3%. The BSE Small Cap index ended up by 0.6%.

Sectoral indices ended on a mixed note. Gains were largely seen in the capital goods sector and energy sector.

Asian share markets ended on a negative note.

The Nikkei was down 0.4% while the Shanghai Composite stood lower by 2.3%. The Hang Seng ended down by 1.9%.

US stock futures are trading lower today indicating a negative opening for Wall Street indices with Dow Futures trading down by 76 points (down 0.3%).

--- Advertisement ---
[Alert] Sell These 3 Stocks Immediately

These 3 stocks are ticking time bombs in your portfolio.

It is very likely that you could be owning these 3 overvalued... fundamentally weak... ready to crash stocks... in your portfolio today.

Because many stock brokers have painted rosy pictures of these stocks.

But the reality is starkly different.

If the market crashes, then these stocks could wipe out your wealth.

You should get rid of these stocks as soon as possible.

We are going to reveal details of these 3 landmines at our upcoming special event.

You can click here to sign-up in 1-click. It's free.
------------------------------

The rupee is trading at 73.24 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.6% at Rs 44,403 per 10 grams.

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:

Moving on to stock specific news...

Vivimed Labs was among the top buzzing stocks today.

Drug firm Vivimed Labs said it has received approval from the Uzbekistan government for two products.

The company has received approval for Bilastin tablets, which are used for the treatment of allergic Rhino conjunctivitis and Urticaria, the Hyderabad-based company said in a regulatory filing.

Vivimed has also received approval for Orzole combi, which is used to treat gastrointestinal infections such as acute diarrhoea or dysentery, gynaecological, lung and urinary infections.

Vivimed Labs CEO Ramesh Krishnamurthy said the company's strategy is to increase its share of branded products in CIS markets. Vivimed shall be launching these products this year and the company's purpose is to offer innovative and top-quality formulations at affordable prices.

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

In news from the defence sector...

BEML share price was in focus today as companies such as Tata Motors, Mahindra, Ashok Leyland, Bharat Forge Ltd and Megha Engineering are likely to submit expressions of interest for the government's stake in BEML.

The government has invited expressions of interest to offload 26% out of its 54.03% stake in the state-run defence and construction equipment manufacturer.

The stake sale will also lead to transfer of management control to the successful bidder.

Speaking of the defence sector, have a look at the chart below which shows the top 5 military spending countries in the world as of 2019:

According to a SIPRI (Stockholm International Peace Research Institute) report, India was the third largest military spending country in the world in 2019.

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



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

Here's what we wrote about it in one of the editions of Profit Hunter:

  • If you look at the chart closely, you will realise it is likely to remain among the top spenders in the coming years.

    It's because of the second largest spender shown in the chart, China.

    With rising tensions between the two countries, the incentive is strong for India to keep up with China.

    It all makes sense for the government to focus on this sector in a big way in the near future.

    The government's 'Atmanirbhar' push will get a massive boost through local defence manufacturing. This will create profitable opportunities in defence stocks for astute investors.

Co-head of Research at Equitymaster, Tanushree Banerjee keeps a close watch on stocks in the defence space. As per Tanushree, defence will be a big wealth-creating opportunity.

Back in June 2020, she recorded a video about India's best defence stocks.

You can watch the video here: The Upside in India's Best Bulletproof Defence Stocks

In news from the IT space...

Wipro share price was also in focus today on the back of news that the company, 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.

How the above development pans out remain to be seen. Meanwhile, we will keep you updated on all the news from this space.

In latest developments from the IPO space...

Delhi based online travel agency Easy Trip Planners has kicked off its Rs 5.1-billion initial public offering (IPO) for subscription today.

The online travel company on Friday raised a little over Rs 2.2 billion from anchor investors, ahead of its initial share-sale.

A total of 1,22,72,727 shares have been allocated to 35 anchor investors at Rs 187 per share, which is the upper end of the price band.

Among the investors that have been allocated shares are HSBC Global Investment Funds, Nomura Funds Ireland Public Limited Company, Tata Trustee Company, Aditya Birla Sunlife Insurance Company, Sundaram Mutual Fund, Bajaj Allianz Life Insurance Company and Nippon Life India Trustee Company.

The issue closes for subscription on March 10, 2021.

The company aims to raise Rs 5.1 billion through its public issue which is a complete offer-for-sale (OFS). Promoters Nishant Pittie and Rikant Pittie, holding 49.8% and 49.7% respectively in the company, will sell up to Rs 2.5 billion worth of shares each.

EaseMyTrip.com is operated by Easy Trip Planners Private Limited.

For the calendar year 2021, Easy Trip will be the tenth issue, after Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft, Brookfield India REIT, Nureca, RailTel Corporation of India, Heranba Industries and MTAR Technologies.

How the above IPO sails through 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 "Indian Indices End Flat, GAIL and UPL Among Top Nifty Gainers". Click here!

  

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%).

View More Indian Share Market News

Most Popular

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.

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.

If the Market Falls, I Will Do This...(Fast Profits Daily)

Apr 1, 2021

What should you do if the market falls? In this video, I'll tell you what I will do.

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

Apr 13, 2021

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

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 13, 2021 (Close)

MARKET STATS