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 Trades Marginally Higher, Dow Futures Up by 27 Points
Fri, 9 Apr 12:30 pm | Ayesha Shetty, TM Team

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 13 points, flat at 49,759 levels.

Meanwhile, the NSE Nifty is trading up by 7 points.

Sun Pharma and Cipla are among the top gainers today. Bajaj Finance and UPL are among the top losers today.

The BSE Mid Cap index is trading up by 0.4%.

The BSE Small Cap index is trading up by 0.9%.

On the sectoral front, stocks from the healthcare sector, are witnessing most of the buying interest.

On the other hand, stocks from the metal sector, are witnessing most of the selling pressure.

US stock futures are trading mixed today.

--- Advertisement ---
This is a Powerful Mega Trend Playing Out in India

We have uncovered a powerful mega trend that is playing out in India right now.

It could potentially generate immense wealth for early movers.

Our co-head of research Tanushree Banerjee has also zeroed in on one specific stock riding this mega trend.

It's her #1 stock pick right now.

And she believes, this could be one of the top stocks to get to potential Rs 7 crore wealth over the long term.

Tanushree will reveal all the details about this mega trend and her #1 stock at her special online event on May 17.

At the event Tanushree will also show you, how to potentially accumulate Rs 7 crore in wealth over the long term.

What you learn at the event could possibly change your financial fortunes forever.

Click here for sign-up. It's free.
------------------------------

Nasdaq Futures are trading down 23 points (down 0.2%) while Dow Futures are trading up 27 points (up 0.1%)

The rupee is trading at Rs 74.82 against the US$.

Gold prices are trading down 0.1% at Rs 46,798 per 10 grams.

Gold and silver prices today edged lower in Indian markets after seeing a steep rise over the past few days. On MCX, gold futures were down 0.1% to Rs 46,793 per 10 grams while silver prices dropped 0.4% to Rs 67,240. Over the previous two sessions, gold has risen over Rs 1,000 per 10 grams.

Speaking of the precious metals, India's #1 trader, Vijay Bhambwani, talks about how the Indian consumer has started to take the international price of gold and silver higher, in one of his latest videos for Fast Profits Daily.

Tune in here to find out more:

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

Moving on to stock specific news...

Among the buzzing stocks today is SREI Infrastructure Finance.

SREI Equipment Finance, a 100% subsidiary of SREI Infrastructure Finance said it has received expressions of interest (EoI) from two international private equity firms for a US$ 250 million capital infusion - U.S.-based Arena Investors LLP and Singapore's Makara Capital Partners.

The company's strategic coordination committee will be in discussion with potential investors, while global consultancy firm Ernst & Young will advise the committee, the Kolkata-based firm said in a statement on April 8, 2021.

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

The capital infusion "will provide cushion against the pandemic induced stress in the Indian financial services space," the statement said.

Arena Investors is an investment firm with US$ 2.2 billion of committed capital. It also participates in special situations as part of its investment strategy. Makara Capital Partners, founded in 2005, specialises in fund management, private equity as well as structuring and financing with a core focus on innovation, infrastructure and energy.

The proposal to infuse funds comes at a time when lenders led by UCO Bank are discussing a potential resolution plan, to combat the stress in SREI Group's lending arms. The two lending businesses, SREI Infrastructure Finance and SREI Equipment Finance have faced considerable stress over the last year as their borrowers have been unable to repay their dues.

This led to a scheme of arrangement that the group filed with its lenders, where nearly 75% of the bank debt to SREI Equipment Finance will be converted into non-convertible debentures. The banks are yet to approve the scheme.

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

At the time of writing, shares of SREI Infrastructure Finance were trading up by 20% on the BSE.

Speaking of the stock markets, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these four stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets

Moving on to news from the macroeconomic space...

--- 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...
------------------------------

Reserve Bank Of India's First Purchase Under G-SAP 1.0 Set For April 15, 2021

A day after announcing the introduction of the G-sec Acquisition Programme (G-SAP 1.0), the Reserve Bank of India (RBI) on April 8, 2021, announced the open market purchase of Government of India securities under the programme.

"The Reserve Bank of India will conduct open market purchase of government securities of Rs 1 trillion under the G-sec Acquisition Programme (G-SAP 1.0) in Q1FY22 with a view to enabling a stable and orderly evolution of the yield curve. The first purchase of government securities for an aggregate amount of Rs 250 billion under G-SAP 1.0 will be conducted on April 15, 2021," the RBI said in a circular.

Accordingly, the RBI will purchase five types of government securities via a multi-security auction using multiple price methods.

The dates of maturity vary from November 2, 2023 to and March 16, 2035.

The RBI has reserved the right to decide on the quantum of purchase of individual securities and accept bids for less than the aggregate amount, it said.

We will keep you posted on more updates from this space. 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 Trades Marginally Higher, Dow Futures Up by 27 Points". Click here!

  

Stock Market Updates

Sensex Opens Flat; Tata Steel Jumps 4% Post Q4 Results (Today's Market)

May 6, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened up by 72 points, while the Nifty is trading higher by 33 points.

TATA STEEL at All Time High; BSE METAL Index Up 3.0% (Today's Market)

May 6, 2021 09:48 AM

TATA STEEL share price has hit an all time high at Rs 1,129 (up 5.4%). The BSE METAL Index is up by 3.0%. Among the top gainers in the BSE METAL Index today are TATA STEEL (up 5.4%) and JSW STEEL (up 2.9%).

J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 0.2% (Today's Market)

May 6, 2021 09:48 AM

J.B.CHEMICALS share price has hit an all time high at Rs 1,460 (up 2.8%). The BSE HEALTHCARE Index is up by 0.2%. Among the top gainers in the BSE HEALTHCARE Index today are J.B.CHEMICALS (up 2.8%) and ABBOTT INDIA (up 0.5%). The top losers include IPCA LABS and DIVIS LABORATORIES .

TATA STEEL Share Price Up by 5%; BSE METAL Index Up 2.9% (Today's Market)

May 6, 2021 09:44 AM

TATA STEEL share price is trading up by 5% and its current market price is Rs 1,124. The BSE METAL is up by 2.9%. The top gainers in the BSE METAL Index is TATA STEEL (up 5.1%).

REPCO HOME Share Price Down by 5%; BSE 500 Index Up 0.4% (Today's Market)

May 6, 2021 09:40 AM

REPCO HOME share price is trading down by 5% and its current market price is Rs 343. The BSE 500 is up by 0.4%. The top gainers in the BSE 500 Index are IDBI BANK (up 9.4%) and BANK OF MAHARASHTRA (up 5.8%). The top losers are REPCO HOME (down 5.4%) and TATA ELXSI (down 5.1%).

TATA ELXSI Share Price Down by 6%; BSE IT Index Down 0.3% (Today's Market)

May 6, 2021 09:30 AM

TATA ELXSI share price is trading down by 6% and its current market price is Rs 3,901. The BSE IT is down by 0.3%. The top gainers in the BSE IT Index are ZENSAR TECHNOLOGIES (up 0.4%) and SONATA SOFTWARE (up 0.3%). The top losers is TATA ELXSI (down 6.2%)..

View More Indian Share Market News

Most Popular

Power Grid's InvIT IPO: Key Points to Consider(Company Info)

Apr 23, 2021

In this article, we discuss the key reasons why the stock of Power Grid was in focus today.

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

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

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

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

This Fund Manager Has Taken the World by Storm. Will You Invest With Her?(Profit Hunter)

Apr 26, 2021

Should you invest with this Rockstar fund manager who has outperformed in a big way?

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 6, 2021 03:37 PM

MARKET STATS