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 Indices End on a Flat Note; Realty Stocks Witness Buying
Thu, 14 Mar Closing | Monish Vora, TM Team

Indian share markets traded range-bound throughout the day and ended their session on a flat note. Sectoral indices ended on a mixed note with stocks in the healthcare sector, realty sector and metal sector witnessing buying interest while IT stocks and automobile stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 3 points and the NSE Nifty closed up by 2 points. The BSE Mid Cap index ended the day down by 0.3% and the BSE Small Cap index ended up by 0.1%.

Asian stock markets finished on a mixed note. As of the most recent closing prices, the Hang Seng was up by 0.2% and the Shanghai Composite was down by 1.2%. The Nikkei 225 was down 0.1%.

The rupee is trading at 69.55 against the US$.

Blue Star share price was in focus today after it was reported that the company has launched 75 new air conditioner models to celebrate its 75th Anniversary.

The range includes inverter ACs with 30% extra cooling and significant power savings.

HCL Technologies share price was also in focus today after the company announced the acquisition of Strong-Bridge Envision (SBE), a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City.

With the above acquisition, SBE will become part of HCL's global Digital and Analytics business.

Strong-Bridge Envision is a digital consulting firm specializing in customer experience strategy, business transformation, and change management. Serving Fortune 1000 clients since its founding, Strong-Bridge Consulting merged with Envision in 2017 to extend its consultancy and digital transformation capabilities and further establish its footprint across North America, transforming itself into a market leading digital transformation consultancy.

As per the company, the above collaboration will bring SBE's customer experience legacy and 200 experienced SBE employees from across various industries and top-tier consulting firms to the HCL family.

In the news from mutual funds space, as per a leading financial daily, the Essel Group has put its mutual fund business on the block in order to monetize the company's non-media business.

As per the news, Srei Mutual Fund Asset Management, Avendus Capital and Lodha Ventures Holdings are currently in the race to acquire Essel Mutual Fund, which has Assets Under Management (AUM) worth about Rs 14.2 billion. The deal is estimated to be valued at around Rs 1 billion.

The decision to sell the stake comes as the Essel Group is figuring ways to repay its debt.

At the group level, Essel has total debt of Rs 171.7 billion and out of this, Rs 114.6 billion is the infra-related debt. This infra-related debt covers three major verticals which are power transmission, solar and roads (toll and annuity).

As per the news, promoters of Essel Group are already in talks with multiple companies, including Sony Pictures and Comcast, to sell up to 50% of their holding in Zee Entertainment Enterprises. The Subhash Chandra-promoted group has also started working on a plan to monetise its non-media businesses in order to pare debt.

Apart from repaying its infrastructure-related debt, the company is also planning to use the funds raised through asset monetisation to reduce the pledged portion of the promoter shares in Zee Entertainment Enterprises.

Note that promoters had pledged their 59% stake in Zee Entertainment to raise money that served as equity funding for the group's infrastructure related businesses.

How this all pans out remains to be seen. Meanwhile, we will keep you updated on all the developments from this space.

Also, speaking of mutual funds, it is worth noting that inflows into equity mutual funds stand at 25-month low.

Inflows into Equity Mutual Funds at 25-Month Low

Here's what Ankit Shah wrote about this in a recent edition of The 5 Minute WrapUp...

  • You can see the net monthly inflows rising through 2016 and surging to unprecedented highs in 2017. But the inflows slowed in 2018. After October 2018, the inflows into equity mutual funds have been dropping every consecutive month. In fact, in February 2019, the net inflows into equities, including those linked to savings scheme funds, declined to Rs 5,122 crore. That's a 17% drop from January 2019, and a steep 69% plunge from a year ago.

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 on a Flat Note; Realty Stocks Witness Buying". Click here!

  

Stock Market Updates

PROCTER & GAMBLE HEALTH Surges by 6%; BSE HEALTHCARE Index Up 0.8% (Today's Market)

Mar 30, 2020 03:34 PM

PROCTER & GAMBLE HEALTH share price has surged by 6% and its current market price is Rs 3,499. The BSE HEALTHCARE is up by 0.8%. The top gainers in the BSE HEALTHCARE Index are PROCTER & GAMBLE HEALTH (up 6.3%) and ABBOTT INDIA (up 8.2%). The top losers are CADILA HEALTHCARE (down 0.1%) and J.B.CHEMICALS (down 0.2%).

SECURITY AND INTELLIGENCE SER. Plunges by 6%; BSE 500 Index Down 3.6% (Today's Market)

Mar 30, 2020 03:34 PM

SECURITY AND INTELLIGENCE SER. share price has plunged by 6% and its current market price is Rs 438. The BSE 500 is down by 3.6%. The top gainers in the BSE 500 Index are AIA ENGINEERING (up 14.5%) and BLUE DART EXPRESS (up 13.4%). The top losers are SECURITY AND INTELLIGENCE SER. (down 5.9%) and EICHER MOTOR (down 6.6%).

PVR LTD Plunges by 6%; BSE 500 Index Down 3.6% (Today's Market)

Mar 30, 2020 03:34 PM

PVR LTD share price has plunged by 6% and its current market price is Rs 1,271. The BSE 500 is down by 3.6%. The top gainers in the BSE 500 Index are AIA ENGINEERING (up 14.5%) and BLUE DART EXPRESS (up 13.4%). The top losers are PVR LTD (down 6.1%) and EICHER MOTOR (down 6.6%).

CAPRI GLOBAL CAPITAL Plunges by 5%; BSE 500 Index Down 3.6% (Today's Market)

Mar 30, 2020 03:34 PM

CAPRI GLOBAL CAPITAL share price has plunged by 5% and its current market price is Rs 173. The BSE 500 is down by 3.6%. The top gainers in the BSE 500 Index are AIA ENGINEERING (up 14.5%) and BLUE DART EXPRESS (up 13.4%). The top losers are CAPRI GLOBAL CAPITAL (down 5.1%) and EICHER MOTOR (down 6.6%).

G.E.SHIPPING Plunges by 6%; BSE 500 Index Down 3.6% (Today's Market)

Mar 30, 2020 03:34 PM

G.E.SHIPPING share price has plunged by 6% and its current market price is Rs 201. The BSE 500 is down by 3.6%. The top gainers in the BSE 500 Index are AIA ENGINEERING (up 14.5%) and BLUE DART EXPRESS (up 13.4%). The top losers are G.E.SHIPPING (down 6.1%) and EICHER MOTOR (down 6.6%).

Sensex Trades 850 Points Lower; Bajaj Finance & HDFC Top Losers (Today's Market)

Mar 30, 2020 12:30 pm

The BSE Sensex is trading down by 873 points, while the NSE Nifty is trading down by 241 points.

View More Indian Share Market News

Most Popular

This Crorepati Stock Could Be the Best Vaccine for Your Portfolio Against Coronavirus(Profit Hunter)

Mar 17, 2020

If there is one stock I had to recommend you amid Coronavirus outbreak, this would be it.

If I Were to Recommend One Stock Amid Coronavirus Outbreak, This Would be It.(Profit Hunter)

Mar 19, 2020

Coronavirus outbreak has made no impact on the long term prospects of my favourite smallcap. What it has indeed done is brought the company below my buy price, making it even more attractive investment at current price.

Why India Will Be the Biggest Winner in a Post-Coronavirus World(The 5 Minute Wrapup)

Mar 19, 2020

The way businesses operate will change in a major way post the coronavirus impact. Here's why India stands to benefit from this change...

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Mar 30, 2020 03:35 PM

MARKET STATS