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 154 Points Lower, Nifty Ends at 14,834; Bajaj Finance and UPL Among Top Losers
Fri, 9 Apr Closing | Ayesha Shetty, TM Team

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

At the closing bell, the BSE Sensex stood lower by 154 points (down by 0.3%).

Meanwhile, the NSE Nifty closed lower by 39 points (down by 0.3%).

Cipla and Sun Pharma were among the top gainers today.

Bajaj Finance and UPL, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,877, down by 47 points, at the time of writing.

The BSE Mid Cap index ended lower by 0.1%, while the BSE Small Cap index ended higher by 0.7%.

Sectoral indices ended on a mixed note with stocks in the healthcare sector and IT sector witnessing most of the buying interest.

Shares of Cipla and Tata Elxsi hit their respective 52-week highs today.

SREI Infrastructure Finance and JSW Steel were among the top buzzing stocks today.

--- Advertisement ---
Revealing...The Great Indian Wealth Project

After every economic crisis in the last few decades, India has emerged stronger and better.

For instance, after the 1991 economic crisis, India bounced back stronger than ever.

In the years of recovery and growth that followed, many companies generated 4-digit and 5-digit gains for investors, turning a Rs 1 lakh stake into crores of rupees.

And today, we stand on the threshold of a similar wealth generating opportunity.

As India recovers from the Covid-19 crisis... another... potentially much bigger... opportunity to create wealth is emerging.

And we are sharing full details with our readers at a special event on 17th May.

We will be revealing:

    -  Details on a powerful mega trend that is playing out in India right now

    -  Our #1 stock pick to ride this mega trend

    -  And how you could become a potential dollar millionaire in the long run Since there are limited seats available, we would recommend registering for this FREE event at the earliest.

Click here to register.
------------------------------

Asian stock markets ended on a mixed note today, tracking mixed global cues.

The Nikkei ended higher by 0.3%, while the Hang Seng and the Shanghai Composite ended lower by 1.1% and 0.9%, respectively.

US stock futures are trading on a positive note today with the Dow Jones Futures trading up by 68 points.

The rupee is trading at 74.73 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.5% today at Rs 46,628 per 10 grams.

Speaking of the current stock market scenario, India's #1 trader, Vijay Bhambwani, talks about the tricks and mind games the stock markets can play in one of his latest videos for Fast Profits Daily.

Tune in here to find out more:

Moving on to the news from IPO space...

Shrem Group to Raise Rs 6 Billion Via Infrastructure Investment Trust (InvIT)

Mumbai-based road and infrastructure operator, Shrem Group is all set to raise Rs 6 billion through an Infrastructure Investment Trust (InvIT).

The initial public offering (IPO) will be a fresh issue of 60 million units at Rs 100 each and the firm will use the proceeds to pay its debt.

New Research: Our #1 Stock Pick Right Now

The company's CEO and MD, Nitan Chhatwal said that the issue will comprise about 15% of the total units held by the trust. They are expecting to get the stock market regulator's approval this week, following which they will be launching the IPO. The IPO is expected to hit the market this month for subscription.

At present, the enterprise value of Shrem InvIT is expected to be Rs 71 billion with a debt of Rs 34.5 billion and equity of Rs 36.5 billion.

Going forward the company is also planning to raise around Rs 34 billion from State Bank of India at a rate in the range of 7-7.4% with 15-year maturity as it seeks to repay existing high-cost debt.

This will be the first InvIT offering with hybrid annuity model (HAM) road projects. The company aims to double its road projects in the next three years with HAM-based projects being the prime focus area.

The government annuity payments will comprise 85% of the InvIT's revenues and the remaining 15% will come from toll collection.

Back in 2017 and 2018, the company acquired 24 projects from Dilip Buildcoin. Those road projects totalling 6,442.4 lane kilometers are spread across Maharashtra, Madhya Pradesh, Gujarat, Uttar Pradesh and Karnataka.

How this IPO sails through remains to be seen. Meanwhile stay tuned for more updates from this space.

Moving on to news from the mutual funds space...

Equity mutual funds attracted net inflows after nine months in March 2021.

According to figures released by the Association of Mutual Funds in India (AMFI), mutual funds turned net buyers last month as investors pumped in Rs 91.1 billion into equity and equity-linked schemes in March 2021 as compared with an outflow of Rs 45.3 billion in February 2021.

Sectoral funds and equity-linked saving schemes (ELSS) popularly known as tax-saving mutual funds received inflows of Rs 20 billion and Rs 15.5 billion, respectively. Equity funds saw the highest inflows in these categories in March.

Inflows in ELSS were on expected lines, as towards the end of financial year, many individuals prefer to invest in them to save tax.

--- Advertisement ---
How to Earn a Fortune in Gold, the Smart Way

Gold is on 'the verge of a decadal run' says Vijay Bhambwani, India's #1 Trader and Editor of Fast Profits Daily at Equitymaster.

He says gold has the potential to generate staggering gains in the coming years...And those who are betting on gold right now will hit the jackpot.

But wait.

While gold is an attractive investment destination, there's a very specific way to play this opportunity...

A way that ensures you rake in maximum profit and perhaps hit the jackpot...while minimizing potential pitfalls. Thankfully, Vijay - India's #1 Trader - can guide you step-by-step in the upcoming gold rush and help hit the jackpot just at the right time.

Sure, you don't want to be an average trader. That's not how you make a fortune.

Here's how you can get Vijay's guidance...
------------------------------

Investors also strengthened their confidence in systematic investment plans (SIPs). SIPs contribution went up to Rs 91.8 billion in March 2021 as compared to Rs 75.2 billion in February 2021. The number of SIP accounts outstanding increased to 37.2 million in March compared to 36.2 million in February.

Hybrid funds saw net inflows of Rs 62.1 billion in March compared to Rs 47 billion in February. Note that hybrid funds invest in varying mix of stocks, bond and gold as per mandate of the scheme.

The recent decline in gold prices have attracted investors to gold exchange traded funds (ETFs). These schemes saw net investments of Rs 6.6 billion in the last month compared to Rs 4.9 billion in February 2021.

We will keep you posted on more updates from this space. Stay tuned.

Speaking of gold ETFs, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...


As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

Even with the recent volatility in prices, gold remains one of the best performing commodities this year to combat the fallout from the coronavirus pandemic.

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

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 154 Points Lower, Nifty Ends at 14,834; Bajaj Finance and UPL Among Top Losers". Click here!

  

Stock Market Updates

Sensex, Nifty Snap 4-Day Winning Streak; JSW Steel and Hindalco Among Top Losers (Today's Market)

May 11, 2021 Closing

Indian share markets ended on a negative note with the Sensex down by 341 points and the Nifty ending down by 92 points.

Sensex Trades Over 200 Points Lower, Dow Futures Down by 59 Points (Today's Market)

May 11, 2021 12:30 pm

BSE Sensex is trading up down 240 points, while the NSE Nifty is trading down by 52 points.

AUROBINDO PHARMA at All Time High; BSE HEALTHCARE Index Up 0.7% (Today's Market)

May 11, 2021 09:51 AM

AUROBINDO PHARMA share price has hit an all time high at Rs 1,064 (up 1.4%). The BSE HEALTHCARE Index is up by 0.7%. Among the top gainers in the BSE HEALTHCARE Index today are AUROBINDO PHARMA (up 1.4%) and PFIZER (up 1.4%). The top losers include PIRAMAL ENTERPRISES and CAPLIN POINT (down 0.2%).

Sensex Falls 400 Points on Weak Global Cues; Kotak Mahindra Bank & HDFC Top Losers (Today's Market)

May 11, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 412 points, while the Nifty is trading lower by 124 points.

MARICO at All Time High; BSE FMCG Index Up 0.1% (Today's Market)

May 11, 2021 09:49 AM

MARICO share price has hit an all time high at Rs 487 (up 2.8%). The BSE FMCG Index is up by 0.1%. Among the top gainers in the BSE FMCG Index today are MARICO (up 2.8%) and P&G HYGIENE (up 0.7%). The top losers include DABUR (down 0.1%) and KRBL (down 0.1%).

GRINDWELL NORTON at All Time High; BSE CAPITAL GOODS Index Down 0.3% (Today's Market)

May 11, 2021 09:49 AM

GRINDWELL NORTON share price has hit an all time high at Rs 1,159 (up 3.4%). The BSE CAPITAL GOODS Index is down by 0.3%. Among the top gainers in the BSE CAPITAL GOODS Index today are GRINDWELL NORTON (up 3.4%) and HONEYWELL AUTOMATION (up 0.2%). The top losers include SOLAR INDUSTRIES (down 0.2%) and HAVELLS INDIA (down 0.6%).

View More Indian Share Market News

Most Popular

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

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

May 6, 2021

Why are markets discounting the economic impact of Covid?

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.

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 11, 2021 (Close)

MARKET STATS