Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Sensex Ends 84 Points Higher, Nifty Ends at 14,874; JSW Steel and Tata Steel Among Top Gainers
Thu, 8 Apr Closing | Ayesha Shetty, TM Team

Indian share markets witnessed volatile trading activity throughout the day today and ended higher.

At the closing bell, the BSE Sensex stood higher by 84 points (up 0.2%).

Meanwhile, the NSE Nifty closed higher by 56 points (up 0.4%).

JSW Steel and Tata Steel were among the top gainers today.

IndusInd Bank, on the other hand, was among the top losers today.

The SGX Nifty was trading at 14,947, up by 59 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 0.6% and 0.7%, respectively.

On the sectoral front, gains were largely seen in the metal sector.

Shares of Dr Lal Pathlabs and Tata Steel hit their respective 52-week highs today.

Bharti Airtel and Ashok Leyland were among the top buzzing stocks today.

--- Advertisement ---
READ: FULL Transcript of Our Urgent Broadcast

The full transcript of our urgent broadcast on India's Revival is available for a limited time now.

In case you missed watching our broadcast LIVE...

You can see all the important highlights from our broadcast in this transcript.

Please note that we may take this transcript off the internet any minute.

So it is highly recommended you read it immediately.

Click Here to Read the Transcript NOW

Asian stock markets ended on a mixed note today.

The Nikkei was down by 0.1%, while the Hang Seng ended the day higher by 1.2%. The Shanghai Composite was also up by 0.1%.

US stock futures are trading on a positive note today with the Dow Jones Futures trading up by 16 points.

The rupee is trading at 74.32 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.5% today at Rs 46,578 per 10 grams.

Speaking of the stock markets, in this video, Rahul Shah talks whether Bharti Airtel will emerge as the next big thing in the Indian stock market.

While the company's growth in recent years is nothing to write home about, its future seems brighter than ever.

But are the valuations running ahead of fundamentals or does the stock still seem reasonably priced from a long term perspective?

Rahul answers these questions in the video below. Tune in to find out more:

Moving on to news from power sector...

Tata Power was among the top buzzing stocks today.

On April 7, 2021, Tata Power Solar Systems issued a statement regarding the expansion of its manufacturing facility in Bengaluru, taking the total capacity to 1,100 megawatts (MW), from 700 MW that existed earlier.

The announcement was made on a day when the Union Cabinet approved the Rs 4.5 billion production-linked incentive scheme for solar manufacturing to reduce import dependency. The company has increased its cell manufacturing capacity from 300 MW to 530 MW and panel making capacity to 580 MW from 400 MW.

--- Advertisement ---
[Watch Now] 3 Little-known Stocks We are Super Bullish On

Click Here to Watch Now

Tata Power's CEO and MD, Praveer Sinha said that they are happy to expand their production capacity to meet the increased demand for products. Around 31 years of strong experience in providing high quality solar products with continuous involvement in new technology has helped them maintain a leadership position in both solar manufacturing and EPC services.

The company's expansion is based on the significant increase in demand for its solar modules. The expansion comes amid the Indian government's positive intention to make the country a manufacturing hub and reduce its dependence on other countries as far as imports of solar cells and modules are concerned.

Note thatTata Power's share price dropped to Rs 27 apiece in May 2020 and is currently trading at Rs 105 per share with investors having witnessed a triple digit return so far. The total market capitalization of this company stands at Rs 33.6 billion.

How this pans out remains to be seen. Meanwhile stay tuned for more updates from this space.

In news from the indian pharma sector...

Zydus Cadila said that it has sought regulatory approval for its hepatitis drug Pegylated Interferon to treat Covid-19.

Once approved, the drug company's Covid-19 portfolio could have a new arsenal, along with Remdesivir. Earlier, the company reaped benefits from Hydroxychloroquine (HCQ), which was prescribed for emergency use in the treatment of Covid-19. Cadila Healthcare was the main beneficiary, along with IPCA Laboratories for having one of the largest production capacities for HCQ in India.

The drug company is also planning to launch 40 plus products, including 8-10 complex offerings, in FY22. It is also developing a portfolio of New Chemical Entities (NCEs), which could help boost growth prospects.

JUST IN: Limited-Time Access to Full Transcript of Our Urgent Broadcast on India's Revival

According to a leading financial daily, sales in Indian markets remained strong throughout the year, with domestic formulations marking a strong 21% year-on-year growth, helped by speciality business and Covid portfolio during Q3FY21. The company's domestic growth during January and February was also ahead of the industry average, providing encouragement.

Apart from Cadila Healthcare, the company's consumer wellness business which is separately listed as Zydus Wellness is also seeing good traction. It is managed by strong brands like Sugar-Free, Nutralite, and Everyuth along with Complan, Glucon-D, Nycil.

Market paticipants remain optimistic about Cadila's business prospects. The stock gained more than 2% in today's intraday session.

Speaking about the novel coronavirus, it has affected many businesses aggressively in the past which led to a massive stock market downfall in March 2020.

It triggered a humongous wipeout of investors wealth in the first wave, as can be seen in the chart below.

Coronavirus Triggers Massive Wipeout of Investor Wealth

As we can see, through most of January and February, the total market capitalization hovered between Rs 150-160 trillion.

It was only in the last week of February 2020 that a massive sell-off started on rising fears of the coronavirus outbreak escalating into a global pandemic.

The total market capitalization of BSE-listed companies closed at about Rs 146 trillion.

By 13 March 2020, this figure plunged even lower to Rs 129 trillion.

Do you think that second wave will cause similar disruptions for the stock market as the first wave of Covid-19?

We will keep you updated on that in the coming days. Stay tuned!

And 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 84 Points Higher, Nifty Ends at 14,874; JSW Steel and Tata Steel Among Top Gainers". Click here!


Stock Market Updates

P&G HYGIENE at All Time High; BSE FMCG Index Up 0.5% (Today's Market)

Apr 16, 2021 03:34 PM

P&G HYGIENE share price has hit an all time high at Rs 14,100 (up 3.1%). The BSE FMCG Index is up by 0.5%. Among the top gainers in the BSE FMCG Index today are P&G HYGIENE (up 3.1%) and NESTLE (up 2.0%). The top losers include HUL and GILLETTE INDIA (down 0.1%).

Sensex Trades Marginally Higher, Dow Futures Down by 28 Points (Today's Market)

Apr 16, 2021 12:30 pm

BSE Sensex is trading up by 74 points, while the NSE Nifty is trading up by 55 points.

Indian Share Markets Open Marginally Higher; Wipro Up 7% Post Q4 Results (Today's Market)

Apr 16, 2021 09:30 am

Indian share markets open in green. The BSE Sensex opened up by 131 points, while the Nifty is trading higher by 40 points.

DCM SHRIRAM Share Price Up by 10%; BSE 500 Index Up 0.6% (Today's Market)

Apr 16, 2021 09:54 AM

DCM SHRIRAM share price is trading up by 10% and its current market price is Rs 619. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index is DCM SHRIRAM (up 10.3%). The top losers are GODREJ PROPERTIES and TVS SRICHAKRA .

HINDUSTAN COPPER Share Price Up by 5%; BSE METAL Index Up 0.8% (Today's Market)

Apr 16, 2021 09:34 AM

HINDUSTAN COPPER share price is trading up by 5% and its current market price is Rs 145. The BSE METAL is up by 0.8%. The top gainers in the BSE METAL Index is HINDUSTAN COPPER (up 5.2%). The top losers is COAL INDIA (down 0.2%).

WIPRO Share Price Up by 5%; BSE IT Index Up 0.6% (Today's Market)

Apr 16, 2021 09:30 AM

WIPRO share price is trading up by 5% and its current market price is Rs 453. The BSE IT is up by 0.6%. The top gainers in the BSE IT Index is WIPRO (up 5.0%). The top losers is INFOSYS (down 0.1%).

View More Indian Share Market News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.


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


Apr 16, 2021 (Close)