Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

SGX Nifty Trades Higher, Mutual Fund Buying Activity in February, Easy Trip Planners IPO, and Buzzing Stocks Today
Tue, 9 Mar Pre-Open | Monish Vora, TM Team

Indian share markets ended their day on a flat note yesterday.

At the closing bell yesterday, 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.

IndusInd Bank was among the top losers.

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.

At 8:05 am today, the SGX Nifty was trading up by 96 points, or 0.6% higher at 15,080 levels. Indian share markets are headed for a firm opening today following the positive trend on SGX Nifty.

Gold prices for the latest contract on MCX were trading down by 0.6% at Rs 44,403 per 10 grams at the time of closing stock market hours yesterday.

--- Advertisement ---
Forever Stock #1 Gains 86,237% Over 3 Decades...
*Not an Equitymaster recommendation

What is the biggest gain you ever enjoyed on a single stock?

Did it change your life for good?

If you're still looking for that ultimate idea that could make you life-changing gains, then it's time you mark your calendar.

Tanushree Banerjee's special event on Forever Stocks goes live on Monday, 21st June at 5pm IST.

More details here...

Speaking of stock markets, India's #1 trader, Vijay Bhambwani talks about why you should be wary of the new and exciting metals supercycle theory, in his latest video for Fast Profits Daily.

Tune in here to find out more:

Top Stocks in Focus Today

Among the buzzing stocks today will be Adani Ports & SEZ.

Windy Lakeside Investment, a unit of private equity firm Warburg Pincus, will invest Rs 8 billion for a 0.5% stake in Adani Ports and Special Economic Zone (APSEZ), the latter confirmed in a regulatory filing on March 7, 2021.

The Board of Directors of APSEZ took the decision to issue up to 10 million equity shares to Windy Lakeside Investment (Windy) at a price of Rs 800 per equity share (at a premium of Rs 798 per equity share), for an aggregate consideration of up to Rs 8 billion, APSEZ said in the notice issued to the exchanges.

--- Advertisement ---
LAST CHANCE: Watch a Full Replay of Tanushree's Urgent Broadcast Right Now

For readers who missed watching our broadcast on India's Revival...

The replay of this event will expire at 11:59 PM TONIGHT...

You can see all the important highlights from our broadcast in this replay.

And also get a chance to grab a copy of Tanushree's latest reports, India's Greatest Revival: The Three Mega-Trends Behind 1,000% Gains and 3 Ticking Bombs to Sell Now- combinedworth Rs 5,900 for virtually FREE.

But please note that this replay will be taken off the internet precisely at 11:59 PM TONIGHT!

So watch it immediately.

LAST CHANCE: Click Here to Watch the Replay Now

Apart from this, the board approved the issue of notice convening an extraordinary general meeting (EGM) of the shareholders of the company to be held on April 6, 2021 through video conferencing.

Aarti Drugs share price will also be in focus today as a wholly owned unit of the bulk drugmaker received an approval accorded under India's scheme to offer incentives to boost local pharma ingredients capacity.

Aarti Specialty Chemicals has received approval for 2-methyl-5-nitro-imidazole, with a committed production capacity of 4,000 million tonnes per annum, under the production-linked incentive scheme, according to an exchange filing on Monday.

The rate incentive will be 10% of the total sales value per annum for a period of six years. The approval will be valid until FY28.

Market participants will also track Titan share price today as India's largest watch maker on Friday introduced a range of products under its youth centric Fastrack brand, expanding offerings in the wearables segment as well as entering the audio accessories market as it plans to corner a bigger share in the country's growing market for wearables and audio products.

Fastrack Reflex was launched in 2017, marking its entry into the smart wearable devices. Fastrack by Titan is largely targeted towards younger consumers or GenZ.

On Friday, the company announced multiple launches -- Fastrack Reflex 3.0 smart bands, Fastrack Reflex 2C Pay -- a fitness band that enables contactless payments in association with YONO SBI, and smart audio accessories under Fastrack Reflex Tunes.

BREAKING: It's Good Time to Invest in Gold, but Just Don't Go Blindfolded

Mutual Funds Pull Out Rs 163 Billion from Equities in February

In news from the mutual funds space...

Mutual funds pulled out Rs 163.1 billion from equities in February, making it the ninth consecutive monthly outflow as small investors booked profit amid a rally in stock markets.

Overall, mutual funds withdrew a net amount of over Rs 564 billion in 2020, data available with the markets regulator showed.

According to the data, MFs have been continuously withdrawing money from equities since June 2020 and pulled out over Rs 1.24 lakh crore till February.

On a month-on-month basis, MFs withdrew Rs 163.1 billion from equities in February, 130.3 billion in January, Rs 264.3 billion in December, Rs 307.6 billion in November, Rs 144.9 billion in October, Rs 41.3 billion in September, Rs 92.1 billion in August, Rs 92 billion in July and Rs 6 billion in June.

However, they have invested over Rs 402 billion in the first five months (January-May) of 2020. Of this, Rs 302.9 billion was invested in March last year.

On the other hand, mutual funds invested Rs 81.6 billion in debt markets in the month under review.

The surge in markets, despite the withdrawals from mutual funds in the last few months, has continued to rise on robust flows from FPIs.

Benchmarks Sensex and Nifty have risen over 70% from their lows of March 2020 till date, while the BSE Midcap index has risen 95% and BSE Smallcap index rose over 120% in the same period.

Foreign Portfolio Investors (FPIs) have put in Rs 257.9 billion in the Indian stock markets in February after investing Rs 194.7 billion in January and Rs 1.7 lakh crore in the entire 2020.

How this trend pans out in the coming months remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space. Stay tuned.

Easy Trip Planners IPO: Company Raises Rs 2.2 Billion from Anchor Investors

In latest developments from the IPO space...

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

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. 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 "SGX Nifty Trades Higher, Mutual Fund Buying Activity in February, Easy Trip Planners IPO, and Buzzing Stocks Today". Click here!


Stock Market Updates

ADANI PORTS & SEZ Share Price Down by 8%; BSE 500 Index Down 0.1% (Today's Market)

Jun 14, 2021 03:19 PM

ADANI PORTS & SEZ share price is trading down by 8% and its current market price is Rs 783. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are FDC (up 12.7%) and DEEPAK FERTILISERS (up 12.2%). The top losers are ADANI PORTS & SEZ (down 7.9%) and ADANI ENTERPRISES (down 5.7%).

Sensex Trades Marginally Lower, Dow Futures Up by 44 Points (Today's Market)

Jun 14, 2021 12:30 pm

BSE Sensex is trading down by 197 points, while the NSE Nifty is trading down by 65 points.

WIPRO at All Time High; BSE IT Index Up 0.4% (Today's Market)

Jun 14, 2021 09:51 AM

WIPRO share price has hit an all time high at Rs 560 (up 0.4%). The BSE IT Index is up by 0.4%. Among the top gainers in the BSE IT Index today are WIPRO (up 0.4%) and L&T INFOTECH (up 0.1%). The top losers include HEXAWARE TECHNOLOGIES and HCL TECHNOLOGIES (down 0.3%).

Sensex Falls 300 Points, Nifty Below 15,700; Adani Group Stocks Tumble (Today's Market)

Jun 14, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 334 points, while the Nifty is trading lower by 110 points.

PARAG MILK FOODS Share Price Down by 8%; BSE 500 Index Down 0.9% (Today's Market)

Jun 14, 2021 09:31 AM

PARAG MILK FOODS share price is trading down by 8% and its current market price is Rs 142. The BSE 500 is down by 0.9%. The top gainers in the BSE 500 Index are ECLERX SERVICES (up 13.6%) and RELIANCE CAPITAL (up 5.0%). The top losers are PARAG MILK FOODS (down 7.7%) and ADANI ENTERPRISES (down 10.0%).

THYROCARE TECHNOLOGIES at All Time High; BSE HEALTHCARE Index Down 1.1% (Today's Market)

Jun 14, 2021 09:31 AM

THYROCARE TECHNOLOGIES share price has hit an all time high at Rs 1,249 (down 0.3%). The BSE HEALTHCARE Index is down by 1.1%. Among the top gainers in the BSE HEALTHCARE Index today are THYROCARE TECHNOLOGIES (down 0.5%) and DIVIS LABORATORIES (up 0.5%). The top losers include PROCTER & GAMBLE HEALTH and SANOFI INDIA .

View More Indian Share Market News

Most Popular

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

Don't Break These 5 Intraday Trading Rules(Fast Profits Daily)

Jun 1, 2021

To become a better intraday trader, follow these rules religiously.

The Most Visible Sign of India's Revival is on Two Wheels(Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

Rs 2 Trillion Stimulus Coming to a Stock Market Near You(Profit Hunter)

Jun 2, 2021

Get ready to profit from a massive stimulus that you've never seen before.


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


Jun 14, 2021 (Close)