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


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

Indian Indices Continue Momentum; Realty Stocks Witness Buying
Mon, 24 Apr 11:30 am

After opening the day on a positive note, Indian share markets have continued their momentum and are presently trading in the green. Sectoral indices are trading on a positive note with stocks in the realty sector and capital goods sector leading the gains.

The BSE Sensex is trading up 115 points (up 0.5%) and the NSE Nifty is trading up 47 points (up 0.5%). The BSE Mid Cap index is trading up by 0.5%, while the BSE Small Cap index is trading up by 0.8%. The rupee is trading at 64.55 to the US$.

A US Federal Reserve paper reckoned that the goods and services tax (GST) can boost India's gross domestic product (GDP) growth by up to 4.2%.

As per the research note at the US central bank, lower taxes on manufactured goods will bump up output and make products cheaper and thereby boost India's GDP. It also stated that GST could reduce inefficiencies in the production process while eliminating the current compounding effect of different central and state levies.

Just Released: Multibagger Stocks Guide
(2017 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

India is said to roll out the above GST regime from July 1st. Implementation of the GST promises to transform India into a single common market and there are many sectors which stand to gain immensely from this transition.

The tax regime is said to bring about a structural change in the Indian economy. The implementation of the same is bound to bring more companies under the new tax regime, thus providing a level playing field to organized players forming part of sectors having a high proportion of the unorganized segment.

Shrinking share of India's informal economy

This could be a positive for stock market participants too, as the above transition will lead to a value migration from unorganised players to organized players. And companies with solid fundamentals and a competitive moat will capture most of this value.

Our Hidden Treasure team is already on the lookout for opportunities in such companies.

In the news from global financial markets, market participants are keeping tabs on French presidential elections. This comes as Emmanuel Macron and Marine Le Pen are set to face each other in a May 7 runoff for the French presidency.

The above two candidates were seen as the first and the second runners in the first round of voting which was held yesterday. Macron, a pro-European Union ex-banker and economy minister who founded his own party only a year ago, was projected to get 24% by the pollster Harris and 23.7% by Elabe.

Market participants saw the above development as market-friendly as many anticipate Macron's presidency to reduce the risk of Brexit-like shock.

While the above projections bring relief for France, the area presently is a mess. If one has to track the ground realities, France is most likely headed for a constitutional crisis in 2017. As the recent issue of Vivek Kaul's Inner Circle (requires subscription) states:

  • ...35.29% of the experts believe France is the most likely location of the next constitutional crisis. With leading French leftist Francois Fillon plagued by personal controversies (his wife received public money for work she never did) the French establishment has yet to come up with a clear alternative to Marine Le Pen of the National Front.

If you want to know what's really happening in the world of man and money, you can claim your free copy of India's Big Government by Vivek Kaul by clicking 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

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


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


Mar 22, 2018 (Close)