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 On a Volatile Note, Dow Futures Up by 68 Points
Tue, 20 Apr 12:30 pm | Ayesha Shetty, TM Team

Share markets in India are presently trading on a volatile note.

The BSE Sensex is trading up by 11 points, flat, at 47,960 levels.

Meanwhile, the NSE Nifty is trading up by 13 points.

Dr Reddy's Lab and Bajaj Finserv are among the top gainers today. UltraTech Cement and HCL Technologies are among the top losers today.

The BSE Mid Cap index is trading up by 1.3%.

The BSE Small Cap index is trading up by 1.1%.

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

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

US stock futures are trading higher today, indicating a positive opening for Wall Street indices.

Nasdaq Futures are trading up by 9 points (up 0.1%) while Dow Futures are trading up by 68 points (up 0.2%)

The rupee is trading at 74.73 against the US$.

Gold prices are trading down 0.4% at Rs 47,194 per 10 grams.

--- Advertisement ---
FREE Event on Equitymaster's New Project

On May 17, we are holding a FREE event to reveal Equitymaster's Great Indian Wealth Project.

At this event, we'll reveal the details of your first stock for a potential Rs 7 crore in long-term wealth.

Seats for this event are filling up fast.

Since there are limited seats, we urge you to register at the earliest.

Click here for free sign-up
------------------------------

Gold prices in India slipped today amid softer global rates. On MCX, gold futures were marginally lower at Rs 47,380 per 10 grams. In the previous session, gold had hit a two-month high when it rose to Rs 47,850 per 10 grams.

Speaking of the precious yellow metal, 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.

The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among 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?

Moving on to stock specific news...

Among the buzzing stocks today is Subex.

Shares of the Bengaluru-based technology company, Subex, rose as much as 14% to hit a fresh 52-week high of Rs 59.8, ahead of the launch of its new artificial intelligence (AI) automation platform on Thursday, April 22.

"We would like to inform you that Subex will be launching the new AI automation platform on Thursday, April 22, 2021, and specific details of the same will be unveiled on the launch day," Subex said in a stock exchange filing on Monday, April 19, 2021.

Discover Now: One Stock for Potentially Life-changing Gains

The company's shares witnessed higher than usual trading volumes as 3.6 million shares changed hands on the BSE compared with an average of 2.9 million shares traded daily in the past two weeks.

Subex shares have also surged a whopping 1,568% on the BSE from a 52-week low of Rs 3.6.

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

At the time of writing, shares of Subex were trading up by 13% on the BSE.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani, shares the top 3 Nifty ETFs he thinks you should buy now, in his latest video for Fast Profits Daily.

Tune in here to find out more:

In news from the software sector...

Tech Mahindra Acquires DigitalOnUs

Tech Mahindra announced that it has acquired a 100% stake in DigitalOnUS, a hybrid cloud and DevOps services provider, for a consideration of US$ 120 million, to strengthen its cloud-native development, hybrid cloud infrastructure, and SRE (Site Reliability Engineering) automation.

The acquired company is headquartered in San Jose, California and reported revenue of US$ 30.6 million, at the end of CY20. The US-based firm has more than 380 employees.

Vivek Agarwal, President-Corporate Development, BFSI and HLS, Tech Mahindra, said, "The acquisition of DigitalOnUs marks an important milestone in Tech Mahindra's growth journey, and will further enhance our capability in cloud-native engineering, and better equip us to develop cutting-edge digital solutions for our customers. scaling up near-shore delivery capability, with a majority in Mexico and Canada will be critical to executing digital transformation programs."

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

The strategic acquisition will further elevate Tech Mahindra's position as a partner of choice for hybrid-cloud digital transformation, providing end-to-end transformation and new-age capabilities including enterprise DevOps and cloud-native development technologies, said the company in a statement.

Additionally, Tech Mahindra will leverage DigitalOnUs expertise to build multi-cloud platforms, modernize IT security and unlock the cloud operating model for enterprises to accelerate their cloud modernization journey.

Suri Chawla, Founder and CEO, DigitalOnUs, said, "The acquisition by Tech Mahindra represents an important step in DigitalOnUs's growth journey as it provides our organization and its people with extensive global reach and customer access to scale and tap into many more significant opportunities. Our team at DigitalOnUs is looking forward to being a part of Tech Mahindra and continuing to offer innovative, agile, and industry-leading services to our current and future customers."

The acquisition underlines Tech Mahindra's focus on digital growth, under the NXT.NOW framework, which is focused on leveraging next-generation technologies to deliver disruptive solutions 'today', and further enable digital transformation, meet the evolving and dynamic needs of our customers, said the company.

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

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 On a Volatile Note, Dow Futures Up by 68 Points". Click here!

  

Stock Market Updates

ADANI TRANSMISSION at All Time High; BSE POWER Index Up 0.9% (Today's Market)

May 7, 2021 01:12 PM

ADANI TRANSMISSION share price has hit an all time high at Rs 1,188 (up 4.1%). The BSE POWER Index is up by 0.9%. Among the top gainers in the BSE POWER Index today are ADANI TRANSMISSION (up 4.1%) and TORRENT POWER (up 0.3%). The top losers include BHEL (down 0.1%) and JSW ENERGY (down 0.2%).

Sensex Trades Marginally Higher, Dow Futures Up by 22 Points (Today's Market)

May 7, 2021 12:30 pm

BSE Sensex is trading up by 180 points, while the NSE Nifty is trading up by 70 points.

Sensex Gains 400 Points, Nifty Tops 14,850; Banking & Metal Stocks Rally (Today's Market)

May 7, 2021 09:30 am

Indian share markets open on a positive note. The BSE Sensex opened up by 405 points, while the Nifty is trading higher by 121 points.

TATA STEEL at All Time High; BSE METAL Index Up 2.5% (Today's Market)

May 7, 2021 09:34 AM

TATA STEEL share price has hit an all time high at Rs 1,147 (up 3.3%). The BSE METAL Index is up by 2.5%. Among the top gainers in the BSE METAL Index today are TATA STEEL (up 3.3%) and JSW STEEL (up 2.0%).

ADANI TRANSMISSION at All Time High; BSE POWER Index Up 0.9% (Today's Market)

May 7, 2021 09:34 AM

ADANI TRANSMISSION share price has hit an all time high at Rs 1,175 (up 2.7%). The BSE POWER Index is up by 0.9%. Among the top gainers in the BSE POWER Index today are ADANI TRANSMISSION (up 2.7%) and SIEMENS (up 0.2%). The top losers include POWER GRID (down 0.5%) and THERMAX (down 0.7%).

ERIS LIFESCIENCES at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

May 7, 2021 09:34 AM

ERIS LIFESCIENCES share price has hit a 52-week high. It is presently trading at Rs 650. BSE 500 Index is up by 0.7% at 20,055. Within the BSE 500, ERIS LIFESCIENCES (up 7.0%) and IRB INFRA (up 5.3%) are among the top gainers, while top losers are VAIBHAV GLOBAL and SRF.

View More Indian Share Market News

Most Popular

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.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

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 7, 2021 (Close)

MARKET STATS