Sensex Trades Marginally Higher, Dow Futures Up by 27 Points

Fri, 9 Apr 12:30 pm

   Previous Close   

   Pre-Open   

   SGX Nifty   

   09:30 am   

   Closing   

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading down 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.

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.

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...

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers