X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 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?  

Rising Crude Oil Prices, Developments in the Automobile Sector, and Top Cues in Focus Today
Thu, 25 Apr Pre-Open | Monish Vora, TM Team

Indian share markets ended their trading session on a strong note yesterday. Gains were largely seen in the oil & gas sector and telecom sector, while stocks from the auto sector witnessed selling pressure.

At the closing bell yesterday, the BSE Sensex stood higher by 490 points (up 1.3%) and the NSE Nifty closed higher by 150 points (up 1.3%). Both, the BSE Mid Cap index and the BSE Small Cap index ended the day up by 0.4%.

Top Stocks in Focus Today

From the cement sector, ACC share price will be in focus today. The stock of the cement maker was in focus yesterday after the company reported a 38.2% increase in its consolidated profit earlier this week at Rs 3.5 billion for the first quarter ended March 2019, helped by increase in sales volume.

The company had posted a consolidated profit of Rs 2.5 billion in the January-March quarter a year ago.

ACC's total income during the period under review was up 11% to Rs 40.8 billion as against Rs 36.7 billion in the corresponding period of the previous fiscal.

ACC's cement sales volume was up 5.6% to 7.5 million tonne in the January-March quarter as against 7.1 million tonne.

During the quarter, revenue from cement segment was at Rs 35.9 billion, up 6.9%, as against Rs 33.6 billion in the year-ago period.

On the outlook, the company said, predictions of a normal monsoon augur well for the rural economy. The government's continued thrust on infrastructure development as well as 'Housing for All' initiatives are expected to invigorate the construction sector and stimulate cement demand.

From the pharma sector, Lupin share price will be in focus as the US health regulator has cautioned Lupin that the firm's Pithampur facility may be subject to regulatory or administrative action. Hence, it may withhold approval of any pending applications or supplements in which this facility is listed.

The company has received a letter from the US Food and Drug Administration (USFDA) classifying the inspection conducted at its Pithampur (Indore) Unit-2 facility in January 2019 as Official Action Indicated (OAI).

Apart from the above, market participants will be tracking Indiabulls Housing Finance share price, UltraTech Cement share price and Tata Global Beverages share price as these companies announced their Q4FY19 results yesterday.

You can also read our recently released Q4FY19 results: HDFC Bank, Mahindra Lifespace, Reliance Industries.

From the Automobile Sector...

Maruti Suzuki share price will be in focus today. The stock of the company witnessed selling pressure yesterday and fell as much as 1.8% to Rs 6,925, its lowest since April 3.

Earlier this week, the company launched a new 1.2 litre DUALJET, DUAL VVT BS VI engine with next generation Smart Hybrid technology in Baleno, a premium hatchback.

The new BS VI compliant Baleno (Petrol) with Smart Hybrid will be available at NEXA showrooms across the country.

Note that automobile companies have shifted to low gear and demand has flattened across the board. NBFC crisis, followed by lower off-tick of volumes and increasing competition has taken a major toll on automobile original equipment manufacturer (OEMs).

According to reports, major dealers across the country have been burdened with high inventory prompting OEMs to re-align their production.

While private vehicles (PVs) have been facing stiff task with dealers across geographies grappling with higher inventory, commercial vehicles (CVs) are seeing some revival led by fresh disbursal by NBFCs.

Also, speaking of automobiles sector, one thing we must keep in mind is that not all auto companies will make money over time. And also, you shouldn't stay away from auto stocks altogether.

Even Tanushree Banerjee, Co-head of research at Equitymaster believes that there are businesses in this sector that you cannot ignore. She is particularly talking about the blue-chip auto stocks.

She believes, this could be the opportunity long term investors were waiting for.

Crude Oil Continues Its Momentum

Note that crude oil prices have quietly creeped up.

Oil prices jumped as much as 3.2% to their highest level since late 2018 on news that the United States is likely to ask all importers of Iranian oil to end their purchases or face US sanctions. The surge in oil prices has been weighing on rupee.

Bond yields also hardened in the wake of rising oil prices.

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 "Rising Crude Oil Prices, Developments in the Automobile Sector, and Top Cues in Focus Today". Click here!

  

Stock Market Updates

ANDHRA BANK Surges by 7%; BSE BANKEX Index Up 1.8% (Today's Market)

Aug 26, 2019 09:22 AM

ANDHRA BANK share price has surged by 7% and its current market price is Rs 19. The BSE BANKEX is up by 1.8%. The top gainers in the BSE BANKEX Index is ANDHRA BANK (up 6.6%). The top losers is KOTAK MAHINDRA BANK (down 0.1%).

YES BANK Surges by 6%; BSE BANKEX Index Up 2.9% (Today's Market)

Aug 26, 2019 09:20 AM

YES BANK share price has surged by 6% and its current market price is Rs 63. The BSE BANKEX is up by 2.9%. The top gainers in the BSE BANKEX Index are YES BANK (up 6.3%) and SBI (up 6.8%). The top losers [TOPLOSERS].

SUNTECK REALTY Surges by 7%; BSE REALTY Index Up 1.5% (Today's Market)

Aug 26, 2019 09:20 AM

SUNTECK REALTY share price has surged by 7% and its current market price is Rs 469. The BSE REALTY is up by 1.5%. The top gainers in the BSE REALTY Index is SUNTECK REALTY (up 6.7%). The top losers are PHOENIX MILL (down 1.2%) and PRESTIGE ESTATES (down 2.8%).

The BSE BANKEX Index has hit an all-time high at 31,329 (up 2.9%) (Today's Market)

Aug 26, 2019 09:20 AM

The BSE BANKEX Index has hit an all-time high at 31,329 (up 2.9%). Among the top gainers in the BSE BANKEX Index today are CITY UNION BANK and SBI. Meanwhile, the BSE Sensex has surged 1.8% to 37,364.

UCO BANK Surges by 12%; BSE BANKEX Index Up 2.9% (Today's Market)

Aug 26, 2019 09:20 AM

UCO BANK share price has surged by 12% and its current market price is Rs 16. The BSE BANKEX is up by 2.9%. The top gainers in the BSE BANKEX Index is UCO BANK (up 11.9%). The top losers [TOPLOSERS].

View More Indian Share Market News

Most Popular

My Top 3 Dividend Stocks to Buy Now(Profit Hunter)

Aug 19, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Interest Rates Are Low. Buy Solid Dividend Stocks Instead(The 5 Minute Wrapup)

Aug 13, 2019

The dividends paid by these stocks are helpful when interest rates are falling.

One Stock You Could Consider Buying Now and Holding Forever(The 5 Minute Wrapup)

Aug 22, 2019

If there is one company that I could recommend that is making the most of the tech disruption, this would be it.

Chandrayaan 2 Heads to the Moon and It's Good News for These Stocks(The 5 Minute Wrapup)

Aug 14, 2019

Why investors should take note of India's advantage as a low cost satellite launcher...

'Chandrayaan 2': My Top Aerospace and Defense Stock to Bet on Today(Profit Hunter)

Aug 14, 2019

This smallcap stock could help you ride the great aerospace and defense wave.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 26, 2019 09:21 AM

MARKET STATS