Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Global cues boost markets yet again
Thu, 21 Apr Closing

Benchmark indices in the Indian stock market remained range bound during the final couple of hours of trade. However, thanks to gains recorded earlier in the day, they managed to close the day strongly in the positive. BSE-Sensex edged higher by around 130 points whereas NSE-Nifty finished higher by around 30 points (up 0.6%). Amongst the smaller indices, both BSE Midcap as well as BSE Small cap index ended nearly flat. More than two stocks gained for every one that declined on the Sensex today.

While most of the other Asian indices also closed in the positive today, Europe too is witnessing positive trend currently. Rupee was trading Rs 44.3 to the dollar at the time of writing.

Markets rose higher seemingly yet again on the back of global cues. Bloomberg reported that US companies, especially tech stocks are doing well and that's helping to instill confidence. It should be noted that earnings trend at big companies like Apple and IBM have become useful pointers these days to know whether businesses are doing discretionary spending or not. And things are certainly looking good on this front and this is helping have a good rub off effect on stocks across the globe.

IT behemoth TCS announced its full year results today. Its net sales grew by 5.1% QoQ in 4QFY11, largely driven by 2.9% growth in volumes. For the year ended March 2011, sales grew by 24.3% YoY on account of strong volume growth of 29.7%. Operating margins improved by 0.5% QoQ to 30.5% during the quarter as compared to the 30% seen during the previous quarter. This was mainly due to slightly lower cost of sales (as a percentage of sales). For the year ended March 2011, operating margins expanded by 0.9% YoY. As far as net profits are concerned, the same grew by 10.7% QoQ during the quarter. This was mainly driven by lower tax expense during the quarter. For the full year FY11 (year ended March 2011), net profits increased by 29.5% YoY. This was mainly driven by the growth in revenues and other income. The company also proposed an interim dividend, which took up the total dividend for the year to Rs 14 per share (yield of 1.2%). The stock however closed the day 3% lower.

Tyre major Apollo Tyres was in the thick of action today, closing the day with gains in the region of 5%. The positive sentiment was perhaps on account of news in a leading daily that the company is looking to step up after-market sales of its branded tyres in Europe to 60,000-65,000 levels per month. It should be noted that the company is currently selling approximately 50,000 'Apollo Tyres' a month in Germany, the Netherlands, the UK and Italy. This does not include sales of 'Vredestein' branded tyres manufactured by its European outfit Apollo Vredestein BV (AVBV). Apollo tyre was the first major made-in-India brand to be launched in Europe last year. Efforts are also on by the company to enlist itself as an OE supplier to automakers in Europe. Quite a few European car makers like VW, Audi and Skoda already use Apollo tyres in India.

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 "Global cues boost markets yet again". Click here!


Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...


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


Mar 4, 2021 (Close)