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 Ends 257 Points Higher; Tata Steel & Hindalco Among Top Nifty Gainers
Fri, 7 May Closing | Nandini Mehta, TM Team

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices edged higher tracking gains in index majors HDFC twins amid positive cues from global markets.

At the closing bell, the BSE Sensex stood higher by 257 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 98 points (up 0.7%).

Tata Steel and Hindalco were among the top gainers today.

Tata Consumer Products and Bajaj Auto, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,865, up by 69 points, at the time of writing.

The BSE Mid Cap index ended the day on a flat note, while the BSE Small Cap index ended up by 0.2%.

Sectoral indices ended on a positive note with stocks in the metal sector and telecom sector witnessing most of the buying interest.

Shares of Wipro and Bajaj Finserv hit their respective 52-week highs today.

Hero MotoCorp and Tata Consumer Products were among the top buzzing stocks today.

--- Advertisement ---
The 20 Greatest Outlier Stocks

There's a very tiny minority of listed companies that have the potential to be the greatest wealth creators for Indian investors.

Having studied the Indian stock markets for 20 years now, our top analyst and Co-Head of Research, Tanushree Banerjee has zeroed in on the ultimate list of 20 such stocks.

On June 21 at 5pm, Tanushree will be revealing the full details on these stocks for Indian investors.

You Register your FREE spot for her Forever Stocks event with this link.
------------------------------

Asian stock markets ended on a mixed note today, after US indexes gained on positive economic data.

The Nikkei and the Hang Seng ended the day on a flat note, while the Shanghai Composite ended the day down by 0.7%.

US stock futures are trading on a positive note today with the Dow Futures trading up by 64 points.

The rupee is trading at 73.52 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 47,636 per 10 grams.

Speaking of stock markets, in his latest video for Fast Profits Daily, Brijesh Bhatia shares a trading technique, which he has used for many years with great success.

In the video, Brijesh shows how effective this strategy can be with back tested historical data.

Tune in here to find out more:

In news from the engineering sector, Praj Industries was among the top buzzing stocks today.

Shares of Praj Industries hit a new high of Rs 276.8 per share, as they rallied 11% on the BSE in intra-day trade today after the company's consolidated net profit more than doubled to Rs 520 million for the quarter ended March 2021 (Q4FY21), on the back of higher operating income.

The company's income from operations during the quarter under review jumped by 91% year-on-year (YoY) to Rs 5.7 billion from Rs 3 billion in the corresponding quarter of the previous fiscal.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) margins improved by 233 basis points (bps) to 13.2% from 10.9% in Q4FY20.

Its order intake during the quarter stood at Rs 6.50 billion. The consolidated order backlog as of 31 March 2021, was at Rs 17.5 billion (FY20 order backlog at Rs 10.8 billion), which comprised 85% domestic orders and 15% international orders.

--- Advertisement ---
WATCH: FULL Replay of Our Urgent Broadcast

The full replay of our urgent broadcast on India's Revival is available for a limited time now.

In case you missed watching our broadcast LIVE...

You can see all the important highlights from our broadcast in this replay.

Please note that we may take this replay off the internet any minute.

So it is highly recommended you watch it immediately.

Click Here to Watch the Replay NOW
------------------------------

The company's management said the activity levels have remained positively elevated with continued traction in enquiries across several business verticals, including some significant order wins.

Praj Industries bagged a prestigious breakthrough order from Hindustan Petroleum Corporation (HPCL) during the quarter for setting up the compressed biogas CBG project at Badaun in Uttar Pradesh.

The company also won an order from Godavari Bio refineries to set up India's largest capacity syrup-based ethanol plant in Karnataka.

On the domestic Bioenergy front, ethanol blending with petrol at an all-India level has reached more than 7.4% in the first five months of the ethanol supply year 2020-21. This is the highest-ever recorded ethanol blending level at an all-India basis.

The government, in order to extend renewables usage across the nation, recently allowed the direct sale of ethanol as a fuel for compatible automobiles. Like petrol and diesel, the centre has allowed the sale of E-100 directly to compatible vehicles.

Praj Industries is a globally leading engineering company with a bouquet of sustainable solutions for bioenergy, compressed biogas, critical process equipment and skids, breweries, industrial wastewater treatment and high purity water.

Praj Industries share price ended the day up by 7.4% on the BSE.

Moving on to news from the auto sector...

Mahindra & Mahindra to Set Up Advanced Design Centre for Mobility Products

Mahindra Advanced Design Europe (MADE) is being set up in the West Midlands, and the new Centre of Excellence (CoE) will be a part of the Mahindra global design network that includes the Mahindra design studio in Mumbai, and Pininfarina design in Turin (Italy).

It will be operational from 1 July 2021, and will also support the creation of highly skilled design roles, drawing from Coventry University, Royal College of Art, and other design colleges in the UK and Europe.

In a statement, Mahindra & Mahindra (M&M) said "MADE is a strategic enhancement of Mahindra's global design capabilities and renews its commitment to bring to its customers, sophisticated, authentic SUVs with an unmissable presence".

BREAKING: It's Good Time to Invest in Gold, but Just Don't Go Blindfolded

The new design centre will further sharpen Mahindra's distinctive product designs and differentiated technology offerings to further its safe, thrilling, yet efficient connected car experiences, M&M said.

Commenting on the new centre, M&M Executive Director Rajesh Jejurikar said, "A key lever to make the business future-ready is to significantly strengthen design capability across automotive, farm equipment and two-wheelers globally".

"MADE will contribute to all future automotive and mobility products, including Born EV SUVs and be a resource available to Mahindra group companies. It will give us a quantum leap in both capacity and capability in the design space," he added.

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

Mahindra & Mahindra share price ended the day up by 2.5% on the BSE.

Speaking of stocks, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these four stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets

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 Ends 257 Points Higher; Tata Steel & Hindalco Among Top Nifty Gainers". Click here!

  

Stock Market Updates

Sensex Rises Over 100 Points, Dow Futures Trade Flat (Today's Market)

Jun 11, 2021 12:30 pm

BSE Sensex is trading up by 187 points, while the NSE Nifty is trading up by 36 points.

CIPLA at All Time High; BSE HEALTHCARE Index Up 0.3% (Today's Market)

Jun 11, 2021 11:20 AM

CIPLA share price has hit an all time high at Rs 982 (down 0.3%). The BSE HEALTHCARE Index is up by 0.3%. Among the top gainers in the BSE HEALTHCARE Index today are CIPLA (down 0.4%) and SANOFI INDIA (up 0.4%). The top losers include ERIS LIFESCIENCES and IPCA LABS (down 0.1%).

MPHASIS Share Price Up by 5%; BSE IT Index Up 0.8% (Today's Market)

Jun 11, 2021 10:30 AM

MPHASIS share price is trading up by 5% and its current market price is Rs 2,069. The BSE IT is up by 0.8%. The top gainers in the BSE IT Index are MPHASIS (up 5.0%) and ECLERX SERVICES (up 20.0%). The top losers are WIPRO (down 0.4%) and FIRSTSOURCE SOLUTIONS (down 3.6%).

WIPRO at All Time High; BSE IT Index Up 0.5% (Today's Market)

Jun 11, 2021 09:44 AM

WIPRO share price has hit an all time high at Rs 556 (down 0.3%). The BSE IT Index is up by 0.5%. Among the top gainers in the BSE IT Index today are WIPRO (down 1.2%) and L&T INFOTECH (up 1.2%). The top losers include HEXAWARE TECHNOLOGIES and PERSISTENT SYSTEMS (down 0.2%).

CIPLA at All Time High; BSE HEALTHCARE Index Up 0.3% (Today's Market)

Jun 11, 2021 09:44 AM

CIPLA share price has hit an all time high at Rs 979 (up 0.3%). The BSE HEALTHCARE Index is up by 0.3%. Among the top gainers in the BSE HEALTHCARE Index today are CIPLA (up 0.3%) and ABBOTT INDIA (up 0.2%). The top losers include SUN PHARMA ADV. RES. (down 0.1%) and WOCKHARDT (down 0.1%).

Sensex Opens 250 Points Higher; Coal India & Power Grid Top Gainers (Today's Market)

Jun 11, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 248 points, while the Nifty is trading higher by 75 points.

View More Indian Share Market News

Most Popular

Don't Break These 5 Intraday Trading Rules(Fast Profits Daily)

Jun 1, 2021

To become a better intraday trader, follow these rules religiously.

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

Is the RBI's 'Bubble Talk' Signalling a Market Crash?(Profit Hunter)

May 31, 2021

Is the Indian central bank correct in warning you about a market crash?

Rs 2 Trillion Stimulus Coming to a Stock Market Near You(Profit Hunter)

Jun 2, 2021

Get ready to profit from a massive stimulus that you've never seen before.

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


Jun 11, 2021 (Close)

MARKET STATS