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Indian Indices End Positively, Surge in Crude Oil Prices, and Top Cues in Focus Today
Wed, 25 Mar Pre-Open | Monish Vora, TM Team

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Indian share markets continued to trade in the green during closing hours yesterday and ended on a strong note.

Benchmark indices climbed after Finance Minister Nirmala Sitharaman said that an economic package was still underway even as she announced a slew of other measures, mainly with regard to regulatory compliance matters.

In early trade yesterday, Sensex rose more than 1,450 points as global sentiments improved after the US Federal Reserve pledged to spend as much as needed to steady the financial system.

At the closing bell yesterday, the BSE Sensex stood higher by 693 points (up 2.7%) and the NSE Nifty closed higher by 191 points (up 2.5%).

The BSE Mid Cap index ended up by 1.6%, while the BSE Small Cap index ended flat.

On the sectoral front, gains were largely seen in the IT sector, healthcare sector and energy sector.

Since the coronavirus outbreak, all BSE indices and NSE indices are down in the range of 25-35%.

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In a recent article, we dive deep and show you how bad the coronavirus impact has been for individual sectors. You can read the same here: Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know

Also, what is the best way to protect your investments amid the corona crash?

Our special report, How to Trade the Coronavirus Crash, has the answer. Just claim your FREE copy here...

In the video below, Ajit Dayal, founder of Quantum group, shares his views on the impact of the Coronavirus crisis and the oil price war on the Indian economy and the stock market.

He also talks about the market crash and how to invest your hard-earned money across various assets in these difficult times.

Tune in to find out more...

Tanushree Banerjee believes that the ongoing market crash could, in fact, be an inflection point for what she calls the irreversible Rebirth of India megatrends.

For bluechip stocks, she believes the time is ripe to begin buying some of the safest bluechips as there is safety in valuations and the market is offering them at deeper and deeper bargains.

The profits of bluechips (BSE 200 companies) are currently at a decade low as can be seen in the chart below.

A Rebound in Profits Overdue?

Tanushree is recommending her subscribers, to buy stocks selectively, a few at a time, by taking partial exposures to begin with.

She has already recommended 4 safe bluechips in the past month and there are several more in her watchlist. You can access them here: Here's How You Could Trade the Coronavirus Crisis Safely (requires subscription)

And if you are not a StockSelect subscriber, here's where you sign up.

And here's some futures and options data from Vijay Bhambwani, editor of Fast Income Alerts...

Here's what Vijay wrote about the same...

  • NSE f&o turnover was Rs 5,50,875 Crs (yesterday Rs 4,16,818 Crores). Rally boosted volumes, as did the rollover process from March to April futures.

    The marketwide average MWPL was 22.29% (previous 22.43%). Unwinding ahead of expiry is a routing phenomena.

    Statistical Beta is still very high. Stay alert.

To track such data on a daily basis and get our latest views on stock markets and more, you can join our Telegram channel here.

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Top Stocks in Focus Today

From the FMCG sector, shares of Hindustan Unilever (HUL) witnessed buying interest yesterday after the consumer goods major announced the acquisition of intimate hygiene brand VWash from Glenmark Pharma for an undisclosed sum.

From the banking sector, IndusInd Bank share price will be in focus today. The stock of the lender plunged as much as 30% to hit an 8-year low of Rs 235.55 today, after the bank's managing director and chief executive officer Romesh Sobti retired on Monday.

Sobti retired on Monday as he turned 70. The RBI norm does not allow the position to be held by anyone beyond 70 years.

The private lender's market-capitalisation slipped below the Rs 200 billion-mark in early trade today.

The bank said that it has appointed Sumant Kathpalia as the managing director and chief executive officer. Kathpalia's appointment as MD & CEO will be placed for approval of the shareholders at the ensuing annual general meeting, the bank said in a statement.

However, shares of IndusInd Bank recovered most of the losses and ended down by 7% yesterday.

Crude Oil Prices See a Huge Spike

Crude oil prices rose around 4% yesterday on hopes that the US will soon reach a deal on a US$ 2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.

On the Multi Commodity Exchange, crude oil for April delivery surged by Rs 117 to Rs 1,931 per barrel.

The US Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from restrictions on commerce that scientists say are needed to slow the coronavirus pandemic.

Note that, crude oil prices had crashed earlier this month in what was the worst price dip since the 1991 Gulf War with Brent prices plunging to US$ 31 per barrel.

In a recent article, we have written the entire timeline showing economics of falling crude oil prices. You can check the same here: All About the 30% Crash in Crude Oil - 10 Points

Vijay Bhambwani, editor of Weekly Cash Alerts at Equitymaster, states that at this point in time, short selling natural gas & crude oil at significantly higher levels for the coming summer are high conviction trades.

To know more about his view and positions, you can check out his recent article here: Fed Opens Money Tap (requires subscription).

Vijay's last 11 recommendations have been profitable. He will be sharing full details of his trading system on Monday, 30 March at 5pm.

You can sign up for Vijay's upcoming event here.

From the IPO Space...

In latest developments from the IPO space, Everstone Capital, which owns 99.39% stake in Burger King India, is in advanced talks to sell a 4-5% stake in Burger King India to private equity fund Oman India Joint Investment Fund (OIJIF), for an estimated Rs 1-1.5 billion.

As per sources, the transaction could close over the next two weeks, or by mid-April.

An Everstone spokesperson said there was strong investor interest in Burger King India and that any share sale prior to the IPO would constitute a pre-IPO sale, without specifically referring to its stake sale discussions.

Earlier this month, Burger King India postponed the launch of its Rs 10 billion initial public offering, in which Everstone was reported to be selling at least a fourth of its stake, after markets globally underwent a meltdown due to the Covid-19 pandemic.

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...

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Stock Market Updates

ORIENT ELECTRIC Surges by 11%; BSE 500 Index Up 3.6% (Today's Market)

Mar 31, 2020 03:21 PM

ORIENT ELECTRIC share price has surged by 11% and its current market price is Rs 198. The BSE 500 is up by 3.6%. The top gainers in the BSE 500 Index are ORIENT ELECTRIC (up 11.4%) and DIXON TECHNOLOGIES (up 13.0%). The top losers are KOTAK MAHINDRA BANK and ECLERX SERVICES .

SYNGENE INTERNATIONAL Surges by 7%; BSE HEALTHCARE Index Up 3.4% (Today's Market)

Mar 31, 2020 03:21 PM

SYNGENE INTERNATIONAL share price has surged by 7% and its current market price is Rs 245. The BSE HEALTHCARE is up by 3.4%. The top gainers in the BSE HEALTHCARE Index are SYNGENE INTERNATIONAL (up 6.7%) and ASTRAZENECA PHARMA (up 7.7%). The top losers are BLISS GVS PHARMA and NATCO PHARMA (down 0.3%).

ASTRAL POLY TECHNICK Surges by 9%; BSE CAPITAL GOODS Index Up 1.3% (Today's Market)

Mar 31, 2020 03:21 PM

ASTRAL POLY TECHNICK share price has surged by 9% and its current market price is Rs 960. The BSE CAPITAL GOODS is up by 1.3%. The top gainers in the BSE CAPITAL GOODS Index are ASTRAL POLY TECHNICK (up 9.4%) and HONEYWELL AUTOMATION (up 7.6%). The top losers are V GUARD INDUSTRIES and LAKSHMI MACHINE (down 1.7%).

CARE RATING Surges by 11%; BSE 500 Index Up 3.6% (Today's Market)

Mar 31, 2020 03:15 PM

CARE RATING share price has surged by 11% and its current market price is Rs 323. The BSE 500 is up by 3.6%. The top gainers in the BSE 500 Index are CARE RATING (up 10.7%) and DIXON TECHNOLOGIES (up 13.0%). The top losers are MAH. SCOOTERS (down 0.1%) and THE INDIAN HOTELS (down 0.2%).

CEAT LTD. Surges by 12%; BSE 500 Index Up 3.6% (Today's Market)

Mar 31, 2020 03:15 PM

CEAT LTD. share price has surged by 12% and its current market price is Rs 786. The BSE 500 is up by 3.6%. The top gainers in the BSE 500 Index are CEAT LTD. (up 11.8%) and DIXON TECHNOLOGIES (up 13.0%). The top losers are MAH. SCOOTERS (down 0.1%) and THE INDIAN HOTELS (down 0.2%).

Sensex Opens Over 500 Points Up; Energy and Metal Stocks Lead (Today's Market)

Mar 31, 2020 09:30 am

Indian share markets rose in the opening session. The BSE Sensex opened up by 502 points, while the Nifty is trading up by 145 points.

View More Indian Share Market News

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