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 begin on a strong note
Fri, 26 Mar 09:30 am

The Indian markets have started today's session on a strong note. The benchmark indices opened at the breakeven mark but quickly marched into the green and have held on to their gains since then. Other key Asian markets are trading in the green with Singapore (up 0.5%) leading the pack of gainers. The US markets closed marginally higher yesterday.

Currently in India, heavyweights from the BSE-Sensex are trading in the green with auto stocks attracting investors' interest. The BSE-Sensex is trading higher by around 66 points, while the NSE-Nifty is up by about 18 points. Buying interest is also being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.8% each. The rupee is trading at 45.57 to the US dollar.

Auto stocks have opened the day on a positive note. Gainers here include Bajaj Auto and M&M. As per a leading business daily, Tata Motors is selling one third of its stake in its construction equipment subsidiary, Telcon, for Rs 10 bn. The stake will be picked up by Hitachi, which is currently a joint venture partner with a 40% stake. Telcon, an unlisted entity, is India's largest manufacturer of construction equipment. It has manufacturing facilities in Dharwad, Jamshedpur and Kharagpur. It makes construction equipment such as backhoe loaders, excavators, off-highway dump trucks, wheel loaders and large mining shovels. Hitachi had first picked up a 20% stake in Telcon in 2000. It later raised it to 40% in 2005. The latest deal will transfer the ownership of the company from Tata Motors to Hitachi. In our view, this transaction is part of Tata Motors' strategy to divest some of its group companies in order to reduce the debt on its books which has piled up after the Jaguar-Land Rover acquisition in 2008.

Energy stocks have opened the day on a positive note. Gainers here include Indraprastha Gas and MRPL. As per a leading business daily, the oil ministry has asked HPCL to invoke the corporate guarantee given by the United Breweries (UB) Group to recover unpaid jet fuel dues from Kingfisher Airlines. It has also directed HPCL to supply fuel only against a bank guarantee in the future. The UB Group has given a Rs 2.5 bn corporate guarantee to HPCL. Its outstanding dues now amount to over Rs 6 bn. It may be noted that the other public sector oil marketing companies, Indian Oil and BPCL already supply Kingfisher Airlines fuel only on cash and carry terms. In our view, this highlights the difficult economics suffered by both the industries - downstream oil marketing and civil aviation.

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 "Markets begin on a strong note". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

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


May 14, 2021 (Close)

MARKET STATS