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?  

Sensex Ends 1,861 Points Higher; Energy and Banking Stocks Witness Huge Buying
Wed, 25 Mar Closing | Monish Vora, TM Team

Editor's note: Dear reader, we are now on Telegram! Get our latest views on stock markets and more, instantly. Join our Telegram channel here!


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

Benchmark indices Sensex and the Nifty saw their biggest one day gain in nearly 11 years on the back of possible announcement of fiscal measures from the government.

At the closing bell, the BSE Sensex stood higher by 1,861 points (up 7%) and the NSE Nifty closed higher by 496 points (up 6.4%).

The BSE Mid Cap index ended up by 3.5%, while the BSE Small Cap index ended the day up by 2.8%.

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

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was up by 3.81% and the Shanghai Composite was up by 2.71%. The Nikkei 225 was up 8.04%.

European markets were also trading on a positive note. The FTSE 100 was up by 2.10%. The DAX was trading up by 1.15%, while the CAC 40 stood up 2.17%.

The rupee was trading at 75.96 against the US$.

--- Advertisement ---
3 Stocks for Potentially Massive Gains

COVID-19 has triggered a fundamental shift in the global economic and geopolitical map.

This reshuffling of the geopolitical map is just ONE of the forces fuelling the great Indian revival.

A revival that will restore the power, wealth, and influence we once enjoyed.

And, those who invest in the companies at the heart of this revival could turn a small stake into generational wealth.

Our co-head of research, Tanushree Banerjee, has narrowed down on 3 specific stocks.

She strongly believes, these 3 "revival stocks" could potentially offer massive gains.

Click here to learn more about this mega opportunity
------------------------------

Since the coronavirus outbreak, all BSE indices and NSE indices have fallen sharply.

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 current stock market situation?

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...

Also, 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.

Revealed: 3 Stocks for Potentially Massive Gains

In news from commodity space, crude oil prices continued their momentum and went on to witness huge gains. Prices rose more than 5% to Rs 1,976 per barrel as market participants widened their positions tracking a positive trend overseas.

Crude oil also witnessed buying interest yesterday as prices rose around 4% 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.

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.

Moving on to news from the pharma sector, amid the coronavis outbreak, the government today banned export of anti-malarial drug hydroxychloroquine. The ban is from immediate effect to ensure sufficient availability of the medicine in the domestic market.

Indian Council of Medical Research (ICMR) Director General Balram Bhargava had on Monday recommended the use of hydroxychloroquine for treating healthcare workers handling suspected or confirmed coronavirus cases and also the asymptomatic household contacts of the lab-confirmed cases.

The treatment protocol recommended by the ICMR-constituted National Task Force for COVID-19 has been approved by the Drug Controller General of India (DGCI) for restricted use in emergency situations.

The government, however, said it will allow export of the medicine on humanitarian grounds on case-to-case basis on the Ministry of External Affairs' recommendation.

According to some reports, demand for hydroxychloroquine and chloroquine, a related compound, have jumped after US President Donald Trump said that these salts were effective in treating COVID-19.

Over the last few weeks, India has banned exports of host of medical devices including sanitisers, all types of ventilators and surgical masks.

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 "Sensex Ends 1,861 Points Higher; Energy and Banking Stocks Witness Huge Buying". Click here!

  

Stock Market Updates

RAIN INDUSTRIES Share Price Down by 6%; BSE 500 Index Down 2.6% (Today's Market)

Apr 12, 2021 10:00 AM

RAIN INDUSTRIES share price is trading down by 6% and its current market price is Rs 164. The BSE 500 is down by 2.6%. The top gainers in the BSE 500 Index are JUBILANT PHARMOVA (up 6.2%) and IPCA LABS (up 5.3%). The top losers are RAIN INDUSTRIES (down 5.8%) and BAJAJ FINANCE (down 5.1%).

VOLTAS Share Price Down by 6%; BSE CONSUMER DURABLES Index Down 4.0% (Today's Market)

Apr 12, 2021 09:39 AM

VOLTAS share price is trading down by 6% and its current market price is Rs 994. The BSE CONSUMER DURABLES is down by 4.0%. The top losers are VOLTAS (down 6.2%) and SYMPHONY (down 5.9%).

VA TECH WABAG Share Price Down by 7%; BSE CAPITAL GOODS Index Down 3.7% (Today's Market)

Apr 12, 2021 09:39 AM

VA TECH WABAG share price is trading down by 7% and its current market price is Rs 254. The BSE CAPITAL GOODS is down by 3.7%. The top losers are VA TECH WABAG (down 6.9%) and HEG (down 7.8%).

SHRIRAM TRANSPORT Share Price Down by 8%; BSE 500 Index Down 3.2% (Today's Market)

Apr 12, 2021 09:39 AM

SHRIRAM TRANSPORT share price is trading down by 8% and its current market price is Rs 1,412. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are GSK CONSUMER (up 5.1%) and JUBILANT PHARMOVA (up 5.0%). The top losers are SHRIRAM TRANSPORT (down 8.0%) and BAJAJ FINANCE (down 6.4%).

J&K BANK Share Price Down by 6%; BSE BANKEX Index Down 4.3% (Today's Market)

Apr 12, 2021 09:38 AM

J&K BANK share price is trading down by 6% and its current market price is Rs 26. The BSE BANKEX is down by 4.3%. The top losers are J&K BANK (down 6.5%) and INDUSIND BANK (down 8.2%).

SGX Nifty Trades 238 Points Lower; Indicates Gap-Down Opening for Indian Stock Markets (Today's Market)

Apr 12, 2021 SGX Nifty

Trends on SGX Nifty indicate a gap-down opening for Indian stock markets.

View More Indian Share Market News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

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.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

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 12, 2021 10:27 AM

MARKET STATS