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, Nifty End Flat; Asian Paints, UPL & ITC Among Top Gainers
Fri, 14 May Closing | Yash Vora, TM Team

Indian share markets witnessed volatile trading activity throughout the day today and ended on a flat note.

Benchmark indices fluctuated between gains and losses as rising inflation in the US and the likelihood of lower earnings in the June quarter spooked investors.

At the closing bell, the BSE Sensex stood higher by 42 points (up 0.1%).

Meanwhile, the NSE Nifty closed lower by 19 points (down 0.1%).

Asian Paints and UPL were among the top gainers today.

Coal India and Tata Motors, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,724, up by 216 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 1.1% and 1.2%, respectively.

Sectoral indices ended on a mixed note with stocks in the metal sector, realty sector and auto sector witnessing most of the selling pressure.

FMCG stocks, on the other hand, witnessed buying interest.

--- Advertisement ---
The Only 20 Stocks to Own Forever?

After studying the Indian stock markets for 20 years now...

Our Co-head of Research Tanushree Banerjee has zeroed in on the ultimate list of Forever Stocks that have the potential to permanently lift you into the premier orbit of extreme wealth.

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

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

Shares of UPL and Welspun India hit their respective 52-week highs today.

Asian stock markets ended on a positive note as US benchmarks halted a three-day slide, with signs of a strengthening labor market outweighing investors' concerns about rising inflation.

The Hang Seng and the Shanghai Composite ended the day up by 1.1% and 1.8%, respectively. The Nikkei zoomed 2.3% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 145 points.

The rupee is trading at 73.28 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.2% at Rs 47,545 per 10 grams.

Speaking of stock markets, in his latest video for Fast Profits Daily, Vijay Bhambwani shares his view on the cyber-attack on the colonial pipeline and how it affects traders.

A Hollywood style cyber-attack has caused shockwaves across financial markets. As per Vijay, it is one of the biggest events of the year and you should be paying attention to it.

Tune in to find out more:

In news from the IT sector, Happiest Minds Technologies was among the top buzzing stocks today.

Shares of Happiest Minds plunged over 8% in intra-day trade today even as the company reported a strong set of numbers for the quarter ended March 2021.

IT firm Happiest Minds Technologies reported a manifold growth in consolidated net profit at Rs 360.5 million in the March 2021 quarter.

The company, which got listed on BSE and NSE last year, had posted a net profit of Rs 53 million in the year-ago period.

During the fourth quarter, the company's total income stood at Rs 2.2 billion, up 17.6% year-on-year (YoY).

--- Advertisement ---
These 3 Stocks are the Dark Horses of the Stock Market

The mainstream media mostly ignores them.

Mutual funds and hedge funds can't buy them in bulk.

Stock brokers rarely cover them.

These stocks are the dark horses of the stock market.

They only come in limelight after they have rallied by hundreds or even thousands of percent.

Our head of smallcap research, Richa Agarwal, has a knack for identifying such stocks before they begin their rally.

Over the years, she has spotted such stocks which have gone on to offer triple and even quadruple digit gains for investors. (* Past performance is no guarantee of future results)

Today, when the markets are near all-time high... and some investors are thinking of booking profits... Richa has spotted 3 such stocks which are set for a massive rally.

She will reveal the details of these 3 stocks on 28th June at her free online summit.

Click here to sign-up. It's free.
------------------------------

For the financial year 2021, the company reported total income of Rs 8 billion, up 11.7% as compared to Rs 7.1 billion in FY20.

Its revenue from operations was at Rs 2.2 billion in the quarter under review, up 18.4% from Rs 1.9 billion in the year-ago period.

On a quarter-on-quarter (QoQ) basis the net profit fell 14.5%, from Rs 421.5 million in the December 2020 quarter. Its revenue grew 14.5% from Rs 1.9 billion in the third quarter of FY21.

On a consolidated basis, earnings before interest, tax, depreciation, and amortisation (EBITDA) came in at Rs 588.3 million for the quarter under review.

In dollar terms, the revenue stood at US$ 30.2 million, up 18% YoY and 15.4% sequentially.

Commenting on the quarter performance, Ashok Soota, Executive Chairman of Happiest Minds Technologies said,

  • "The highlight for the year FY21 was our successful IPO. We have been able to fulfil all our promises and are grateful to our customers, our team, and all stakeholders, who helped make this possible.

    As we begin FY22, we will look to achieving 20% organic growth as indicated at the time of our IPO".

The board of directors also recommended a final dividend of Rs 3 per equity share on the face value of Rs 2 each, for the financial year 2020-21.

Happiest Minds Technologies share price ended the day down by 8.3% 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

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

Moving on to news from the IPO space...

Go Airlines Files DRHP to Raise Rs 36 Billion via IPO

Go Air has filed a draft red herring prospectus (DRHP) for a share sale to raise Rs 36 billion, as it rebrands to become an "ultra-low-cost" airline.

The Wadia group airline will use the proceeds to meet debt obligations, pay oil companies and for replacement of letter of credit to aircraft lessors for lease rental payment and future maintenance of aircraft.

The initial public offering (IPO) is managed by ICICI Securities, Citigroup and Morgan Stanley.

Wadia Group-controlled no-frills carrier GoAir has been rebranded as 'GoFirst' ahead of its proposed IPO.

The rebranding comes at a time when a large chunk of the air passenger traffic has been wiped out over the last fortnight by the second wave of covid-19 infections.

The reasons behind rebranding is to operate the carrier in an ultra-low-cost airline model, which would give it a competitive advantage over its peers, the airline said in a statement on Thursday.

An ultra-low cost carrier (ULCC) is different from a low cost carrier (LCC) as they typically operate different business models with unbundled fares which result in cheaper ticket prices.

Most Indian airlines like IndiGo, SpiceJet and AirAsia India operate on a low cost model.

How the IPO sails through remains to be seen. Meanwhile, stay tuned for more updates from this space.

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, Nifty End Flat; Asian Paints, UPL & ITC Among Top Gainers". Click here!

1 Responses to "Sensex, Nifty End Flat; Asian Paints, UPL & ITC Among Top Gainers"

Amalraj

May 16, 2021

Ok

Like 
  
Equitymaster requests your view! Post a comment on "Sensex, Nifty End Flat; Asian Paints, UPL & ITC Among Top Gainers". Click here!

Stock Market Updates

Sensex Trades Over 200 Points Lower, Dow Futures Up by 16 Points (Today's Market)

Jun 18, 2021 12:30 pm

BSE Sensex is trading down by 267 points, while the NSE Nifty is trading down by 90 points.

Sensex Corrects Over 600 Points; Tata Steel & JSW Steel Fall 4% (Today's Market)

Jun 18, 2021 11:30 am

The BSE Sensex fell over 600 points while NSE Nifty dipped below 14,500 mark.

HINDUSTAN COPPER Share Price Down by 5%; BSE METAL Index Down 2.1% (Today's Market)

Jun 18, 2021 10:04 AM

HINDUSTAN COPPER share price is trading down by 5% and its current market price is Rs 152. The BSE METAL is down by 2.1%. The top gainers in the BSE METAL Index [TOPCOMPANY]. The top losers is HINDUSTAN COPPER (down 5.1%).

GRAPHITE INDIA Share Price Down by 5%; BSE CAPITAL GOODS Index Down 0.4% (Today's Market)

Jun 18, 2021 09:56 AM

GRAPHITE INDIA share price is trading down by 5% and its current market price is Rs 680. The BSE CAPITAL GOODS is down by 0.4%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 1.0%) and SKF INDIA (up 0.6%). The top losers is GRAPHITE INDIA (down 5.4%).

GUJ. STATE PETRONET at All Time High; BSE OIL & GAS Index Down 0.7% (Today's Market)

Jun 18, 2021 09:50 AM

GUJ. STATE PETRONET share price has hit an all time high at Rs 328 (up 1.4%). The BSE OIL & GAS Index is down by 0.7%. Among the top gainers in the BSE OIL & GAS Index today are GUJ. STATE PETRONET (up 1.4%) and RELIANCE IND. (up 0.1%). The top losers include CASTROL INDIA (down 0.3%) and BPCL (down 0.4%).

Sensex Opens in Green; IT & FMCG Stocks Lead (Today's Market)

Jun 18, 2021 09:30 am

Indian share markets open marginally higher. The BSE Sensex opened up by 167 points, while the Nifty is trading higher by 37 points.

View More Indian Share Market News

Most Popular

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

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

My 'Unlock' Investments(Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels(Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

How I Discovered a 400-Year-Old Open Secret to Extreme Wealth(Profit Hunter)

Jun 11, 2021

Charlie Munger's open secret about investing success.

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 18, 2021 (Close)

MARKET STATS