X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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 Share Markets End FY19 on a Positive Note, Upcoming IPOs and Top Stocks in Action Today
Mon, 1 Apr Pre-Open | Rini Mehta, TM Team

On Thursday, the Indian share markets continued their momentum throughout the day and ended marginally higher. Gains were largely seen in the metal sector, healthcare sector and automobile sector.

At the closing bell, the BSE Sensex stood higher by 127 points (up 0.3%) and the NSE Nifty closed higher by 54 points (up 0.5%). The BSE Mid Cap index ended the day up 1% and the BSE Small Cap index, ended the day up by 0.7%.

Top Stocks in Focus

Punjab National Bank share price will be in focus today as it has entered into agreement for sale of 10.9 million equity shares held in PNB Housing Finance to General Atlantic Group at a per share price of Rs 850 aggregating to Rs 9.3 billion.

Zydus Cadila has received the final approval from the United States Food & Drug Administration (USFDA) to market Ambrisentan Tablets USP (US RLD-Letairis Tablets), 5 mg and 10 mg. Cadila Healthcare will be watched out today.

Kalpataru Power has secured new orders of Rs 5.9 billion. The stock will be in focus.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Global Stock Market Drivers

Stocks climbed globally on Friday to round out a strong quarter while bonds edged lower as investors gauged the growth outlook and hopes for a China trade deal.

The dollar held four days of gains.

Equities rose across Asia, with Chinese shares posting the biggest gains. European sovereign bonds nudged lower.

Whether the rebound in stocks can spill over into the second quarter may depend on the outcome of trade talks between Chinese and American negotiators, who are said to be working line-by-line through the text of an agreement.

Meanwhile, nerves remain frayed after the inversion of a key part of the US yield curve, with grumblings over Brexit delays in the background.

Here are some key events to watch out for:

  • Fed official Randal Quarles will speak to the Shadow Open Market Committee on "Strategic Approaches to the Fed's Balance Sheet and Communications."
  • Theresa May will put her Brexit divorce deal to a vote in Parliament.

Oil Extends Loss

Oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and US sanctions against Iran and Venezuela, putting the crude markets on pace to post their biggest first quarter gain since 2009.

US West Texas Intermediate (WTI) futures were at US$59.56 per barrel, up 0.4% from their last settlement.

WTI futures are set to rise for a fourth straight week and are set for a first quarter gain of 31%. Brent crude oil futures were up by 0.4%, at US$68.12 per barrel.

For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40%.

Oil prices have been supported for much of 2019 by the efforts of the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia, together known as OPEC+, who have pledged to withhold around 1.2 million barrels per day (bpd) of supply this year to prop up markets.

From the IPO space...

The IPO of Rail Vikas Nigam Ltd (RVNL) opened for subscription on Friday. The state-owned company is offering 253.4 million shares at a price band of Rs 17-19 per equity share.

The Rs 4.8-billion RVNL IPO will close on April 3.

RVNL will be the third rail PSU to be listed after RITES and IRCON. RVNL will not receive any proceeds from the offer for sale since the government is selling about 12% stake in the company. After the IPO, the central government's stake in RVNL will drop around 88%.

Meanwhile, diagnostics company Metropolis Healthcare's IPO which plans to raise up to Rs 12 billion will open for subscription on 3 April.

The price band has been fixed in the range of Rs 877-880 per share. The company looks to sell 13.7 million shares.

We will keep you updated on all the developments from this space. Stay tuned.

Speaking of IPOs, we at Equitymaster believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs.

If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

To know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

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

Equitymaster requests your view! Post a comment on "Indian Share Markets End FY19 on a Positive Note, Upcoming IPOs and Top Stocks in Action Today". Click here!

  

Stock Market Updates

Sensex Ends Marginally Higher; Automobile and Power Stocks Witness Buying (Today's Market)

Aug 16, 2019 Closing

The BSE Sensex ended the day up by 39 points, while the NSE Nifty closed up by 18 points.

PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Up 0.4% (Today's Market)

Aug 16, 2019 03:34 PM

PIDILITE INDUSTRIES share price has hit an all time high at Rs 1,373 (up 1.7%). The BSE FMCG Index is up by 0.4%. Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 1.7%) and P&G HYGIENE (up 0.2%). The top losers include AVANTI FEEDS (down 0.1%) and COLGATE (down 0.1%).

APL APOLLO TUBES Surges by 6%; BSE CAPITAL GOODS Index Down 0.1% (Today's Market)

Aug 16, 2019 03:32 PM

APL APOLLO TUBES share price has surged by 6% and its current market price is Rs 1,350. The BSE CAPITAL GOODS is down by 0.1%. The top gainers in the BSE CAPITAL GOODS Index are APL APOLLO TUBES (up 6.4%) and SUZLON ENERGY (up 6.7%). The top losers are LAKSHMI MACHINE (down 0.2%) and HONEYWELL AUTOMATION (down 0.4%).

CANARA BANK Surges by 5%; BSE BANKEX Index Up 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

CANARA BANK share price has surged by 5% and its current market price is Rs 237. The BSE BANKEX is up by 0.8%. The top gainers in the BSE BANKEX Index is CANARA BANK (up 5.2%). The top losers is HDFC BANK (down 0.2%).

ECLERX SERVICES Plunges by 5%; BSE IT Index Down 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

ECLERX SERVICES share price has plunged by 5% and its current market price is Rs 519. The BSE IT is down by 0.8%. The top gainers in the BSE IT Index are FIRSTSOURCE SOL. (up 3.5%) and ORACLE FINANCIAL (up 3.2%). The top losers is ECLERX SERVICES (down 5.5%).

DR. LAL PATHLABS LTD Surges by 7%; BSE HEALTHCARE Index Down 0.3% (Today's Market)

Aug 16, 2019 03:22 PM

DR. LAL PATHLABS LTD share price has surged by 7% and its current market price is Rs 1,201. The BSE HEALTHCARE is down by 0.3%. The top gainers in the BSE HEALTHCARE Index are DR. LAL PATHLABS LTD (up 7.1%) and APOLLO HOSPITALS (up 8.1%). The top losers are STRIDES PHARMA SCIENCE (down 0.1%) and SANOFI INDIA (down 0.2%).

View More Indian Share Market News

Most Popular

7 Stocks to Buy in Today's Difficult Market(The 5 Minute Wrapup)

Aug 5, 2019

Credit growth is likely to accelerate in India in the next decade. Here's how you can benefit from this megatrend.

The Perfect Stock in the Rebirth of India(The 5 Minute Wrapup)

Aug 8, 2019

This debt-free, well-managed company is all set to soar.

My Top 3 Dividend Millionaire Stocks(Profit Hunter)

Aug 7, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

This 60-Year Old Smallcap Company Could Be Our Next Recommendation(The 5 Minute Wrapup)

Aug 12, 2019

My experience at the recent AGM of this smallcap company which has financials of any FMCG major.

Qatar is Rearing Cows...this is Good News for India

Aug 9, 2019

Qatar has turned around after the Saudi embargo. This is good news for India.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 16, 2019 (Close)

MARKET STATS