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 Opens Marginally Higher; Infosys Dips 4% Post Q4 Results
Thu, 15 Apr 09:30 am | Yash Vora, TM Team

Asian share markets are trading on a negative note today following mixed cues from Wall Street.

The Nikkei is trading lower by 0.1% while the Hang Seng is trading down by 1%. The Shanghai Composite is down 1.2%.

In US stock markets, Wall Street indices ended mixed amid concerns about excessive equity valuations, with tech sector being the biggest underperformer after Coinbase was sold off on its listing day, dragging the Nasdaq lower.

Coinbase's listing coincided with a record price for Bitcoin, which rose to just under US$ 65,000 but the euphoria proved to be short-lived as the stock fell nearly 20% from its opening level to trade at US$ 328.

The Dow Jones Industrial Average gained 0.2% while the Nasdaq Composite sank 1%.

Back home, Indian share markets have opened on a positive note.

--- Advertisement ---
One Stock for Potentially Life-changing Gains

This stock comes from a high-growth industry.

An industry which is growing exponentially.

Our co-head of research, Tanushree Banerjee, believes...

This growth is likely to continue for many years and perhaps even decades.

Tanushree's past recommendations from such high-growth industries have offered triple and even quadruple digit gains in just a few years.
(* Past performance in no guarantee of future results)

And the stock which Tanushree has discovered now could potentially offer such gains.

This is Tanushree's #1 stock pick right now.

She will reveal details of this stock at a special online event she is holding on May 17.

Since there are limited free seats. we would recommend you to sign-up at the earliest.

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

Market participants are tracking Wipro share price as the company is scheduled to announce its quarterly results today.

The BSE Sensex is trading up by 121 points. Meanwhile, the NSE Nifty is trading higher by 45 points.

ONGC is among the top gainers today. Infosys, on the other hand, is among the top losers today.

Both, the BSE Mid Cap index and the BSE Small Cap index have opened up by 0.3%.

Sectoral indices are trading on a mixed note with stocks in the metal sector and telecom sector witnessing buying interest.

IT stocks and realty stocks, on the other hand, are trading in red.

Shares of Dabur and JSW Steel hit their 52-week highs today.

The rupee is trading at 75.26 against the US$.

Gold prices are trading up by 0.4% at Rs 46,781 per 10 grams. Meanwhile, silver prices are trading up by 0.3% at Rs 67,816 per kg.

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

Speaking of stock markets, in one of his videos for Fast Profits Daily, Vijay Bhambwani talks about how the RBI's new quantitative easing program could affect the stock market.

Recently the Reserve Bank of India announced a major bond buyback program, its version of quantitative easing.

So how does it impact the stock market? Vijay tells you how your wallet will be impacted by this decision.

Tune in to the below video to find out more:

In news from the IT sector, Infosys is among the top buzzing stocks today.

Infosys, India's second largest information technology company, reported a 17.1% year-on-year (YoY) rise in net profit at Rs 50.8 billion for the quarter ended in March on Wednesday. It had posted Rs 43.2 billion net profit in the same quarter last year.

Revenue for the March quarter grew 13.1% YoY to Rs 263.1 billion. Revenues in constant currency terms grew by 9.6% YoY.

The company reported consolidated operating margin of 24.5%. Total operating expenses for the company dropped 4.6% YoY in March quarter to Rs 27.1 billion.

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

Infosys also guided for 12-14% sales growth in constant currency terms in 2021-22 and an operating margin band of 22-24%. "A strong momentum exiting FY21, alongside a focused strategy to accelerate client digital journeys, gives us confidence for a stronger FY22," Infosys' CEO Salil Parekh said.

The Bengaluru-based company also announced a share buyback of up to Rs 92 billion at a maximum price of Rs 1,750 per share, a premium of 25% to Tuesday's closing price.

Note that this would be the be the third buyback by the IT major in the last five years. Infosys completed its first buyback of Rs 130 billion in December 2017, comprising 113 million equity shares at a price of Rs 1,150 per share.

In August 2019, it had bought back 110.5 million shares under its Rs 82.6 billion buyback offer, at an average price of Rs 747.38 per equity share.

The company also announced a final dividend of Rs 15 per share.

Infosys share price has opened the day down by 4%.

Moving on to news from the pharma sector, pharma major Dr Reddy's Laboratories is ramping up production of Remdesivir, which is being used in Covid-19 treatment.

The company will also be bringing out a liquid product in view of scarcity of the drug in the country.

"We are making every effort to ensure that Dr. Reddy's Remdesivir, sold under the brand name Redyx, reaches as many patients in India, as possible. We are ramping up production and are also bringing to market a liquid product that is faster to make and supply,'' the company said in a statement.

The company has also reduced the MRP by 50% so that price is not a barrier to access, and a much larger number of patients can access it.

"To ensure that patients and healthcare professionals have full visibility on the availability of Redyx in their city, we have built a dedicated website, updated in real-time with city-wise availability of Redyx at stockists and hospitals,'' the company said.

The government yesterday said it has given approval for stepping up the manufacturing capacity of Remdesivir that would enhance the production to around 78 lakh vials per month.

The current total installed capacity of the seven manufacturers of remdesivir is 38.80 lakh vials per month, the Ministry of Chemicals and Fertilizers said in a statement.

Manufacturers of Remdesivir have volunteered to reduce the price to less than Rs 3,500 per vial by the end of this week, to support the efforts of Prime Minister Narendra Modi, to fight against Covid-19.

Dr Reddy's Lab share price has opened the day up by 0.6%.

Here's an interesting data on Dr. Reddy's Lab, investing just Rs 100,000 in Dr. Reddy's Labs in 1992, it would have given a whopping Rs 4.89 crores in 2014!

Profit Opportunities in the Rebirth of India

Co-head of Research, Tanushree Banerjee believes, the opportunities in the Rebirth of India are not only more profitable than the ones in 1991 but the gains could come faster too.

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 Opens Marginally Higher; Infosys Dips 4% Post Q4 Results". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

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.

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

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Worst Sector in the Market(Fast Profits Daily)

May 11, 2021

The worst sector in the stock market according to the charts.

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

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 14, 2021 (Close)

MARKET STATS