X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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?  

Indian Indices End Marginally Higher; Realty Stocks Witness Buying
Tue, 17 Apr Closing | Monish Vora, TM Team

After opening their day on a flat note, Indian share markets witnessed choppy trades and ended their session marginally higher. Gains were largely seen in the realty sector and power sector, while losses were largely seen in the IT sector and auto sector.

At the closing bell, the BSE Sensex stood higher by 90 points (up 0.3%) and the NSE Nifty closed higher by 20 points (up 0.2%). Both, the BSE Mid Cap index and the BSE Small Cap index, ended the day up by 0.3%.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng was down 0.8% and the Nikkei was trading up by 0.1%. The Shanghai Composite stood down by 1.4%.

The rupee was trading at 65.7 to the US$ at the time of writing.

In the news from global financial markets, China's economy grew 6.8% in the first quarter of 2018. This was against a consensus estimate of 6.7% YoY growth for the quarter. The growth also marked the third-straight quarter of 6.8% growth for the world's second-largest economy.

In the news from the chemicals sector, as per an article in the Economic Times, India has initiated probe into alleged dumping of a chemical used in paint and leather industry from Brazil, Indonesia and Thailand following a complaint from a domestic player.

--- Advertisement ---
How We Were Able To Predict The Rise Of The IT Sector...

The NSE IT Index has moved up more than 21% between 16th August 2017 and 31st January 2018.

Would you believe me if we told you one of our senior research analysts, Apurva Sheth, had predicted this rise in advance?

Yes!

Not only that, Apurva also zeroed in on one IT stock he believed would benefit greatly from the rise. And that's exactly what happened.

So what strategy did Apurva use for it? And how could YOU potentially benefit from it now too?

Click here for full details…
------------------------------

The commerce ministry's investigation arm Directorate General of Antidumping and Allied Duties (DGAD) has stated that it has found sufficient evidence of dumping of 'non-plasticised industrial grade nitrocellulose excluding nitrocellulose damped in Ethanol and waterwet' from these three countries.

It remains to be seen how the above investigation pans out. Meanwhile, we will keep you updated on all the developments from this space.

In the news from sectoral indices, losses were seen in the IT Index today with Wipro share price, Tata Consultancy Services (TCS) share price, and Infosys share price witnessing the maximum selling pressure.

At the time of closing, the IT Index stood down by X%.

Speaking of the IT sector, here's an interesting study...

While the BSE Sensex delivered a return of about 11% during the financial year 2017-18, the BSE IT index gained over 19% during the same period.

Now, that's a significant outperformance. If you were holding some solid IT stocks last year, you have most likely fared better than the Sensex.

But last year, the markets were not as optimistic on the sector as they are now.

Look at the chart...

How It Paid Off to Bet on the Uncertainties in the IT Sector

During the first half of 2017-18, the IT sector was among the underperformers, and it was lagging way behind the Sensex.

During the first half of 2017-18, the IT sector was among the underperformers, and it was lagging way behind the Sensex. In fact, until October 2017, the index was still hovering near levels seen in April 2017.

Most of this was seen on the back of uncertainty and negativity surrounding the IT sector last year. From the H1-B visa problem, the global slowdown concerns, to the strengthening of the Indian rupee, high attrition rates, etc.

But once the mood of the market changed, the IT index not only recovered, but went on to outperform the Sensex.

And here's a note from Profit Hunter

Hindustan Unilever (HUL) is among the top gainers in the Nifty 50 Index - up 2% and trading at its life-time high.

The last time we reviewed the stock, it had broken out of its broad range of 765 - 975 on the upside with strong volumes. After the break out the stock rallied nearly 44% to touch a life-time high of 1,410 in January 2018. It corrected for a while to touch a low of 1,280 where it found support from horizontal support line (green line).

Recently, it broke above the falling trendline (blue line) and resumed its uptrend. Today, the stock has touched a fresh life-time high of 1,450.

But the RSI indicator is now trading in its extreme overbought territory.

So will the stock continue with its strong upside momentum or will the overbought condition bring in some correction. Let's wait and watch...

HUL at its Life-time High
HUL at its Life-time High 

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

Equitymaster requests your view! Post a comment on "Indian Indices End Marginally Higher; Realty Stocks Witness Buying". Click here!

  

Stock Market Updates

Sensex Trades in Red; IT Stocks Top Gainers (Today's Market)

Apr 20, 2018 12:30 pm

The BSE Sensex is trading down by 55 points, while the NSE Nifty is trading down by 20 points.

Sensex Opens Marginally Down; TCS Rallies on Strong Q4 Results (Today's Market)

Apr 20, 2018 09:30 am

Indian share markets open in red with Sensex trading down by 41 points, while the Nifty is trading down by 12 points.

Indian Indices Continue Positive Trajectory, Metal Sector Spurts, and Top Stocks in Action (Today's Market)

Apr 20, 2018 Pre-Open

Metal sector on the rise, crude prices on an uptrend, and other stocks in action to watch out today...

Sensex Ends Day Marginally Higher; Tata Steel Surges 3.5% (Today's Market)

Apr 19, 2018 Closing

The BSE Sensex ended the day up by 92 points, while the NSE Nifty ended the day up by 23 points.

Indian Indices Trade Marginally Higher; Metal Sector Up 3.7% (Today's Market)

Apr 19, 2018 12:30 pm

The BSE Sensex is trading up by 87 points, while the NSE Nifty is trading up by 32 points.

View More Indian Share Market News

Most Popular

Why India is Short of Cash Again(Vivek Kaul's Diary)

Apr 19, 2018

It is basically a supply problem with not enough currency going around in the financial system.

If Your Broker Calls You, Bang the Phone Down!(Smart Contrarian)

Apr 10, 2018

I'm going to tell you certain things about the inner workings of the industry so that you know why his advice is likely to be at best junk, and at worst dangerous.

How to Pick Great Stocks with Rajeev Thakkar(The 5 Minute Wrapup)

Apr 9, 2018

Rajeev Thakkar tells us how teachings from Vipassana can help you became a better investor.

How Small Caps Can Change the Way You Eat, Sleep, and Drive(Sector Info)

Apr 11, 2018

How you can increase your odds of seizing multibagger stocks and rake in the moolah by investing in small cap stocks.

This is How a Smart Robo-Advisor can Help You Chart Your Asset Allocation...(Outside View)

Apr 16, 2018

PersonalFN explains how a dependable robo-advisory platform can help you create your personalized asset allocation plan

More

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Apr 20, 2018 (Close)

MARKET STATS