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 Zooms 650 Points, Reclaims 50,000 Mark; Bajaj Finance & IndusInd Bank Top Gainers
Tue, 18 May 09:30 am | Yash Vora, TM Team

Asian share markets rose in early trade today, shrugging off worries about an increase in regional coronavirus infections and a subdued session on Wall Street.

The Hang Seng is trading up by 1.5% while the Shanghai Composite is up 0.1%. The Nikkei zoomed 2.3%.

In US stock markets, technology stocks pulled Wall Street indices lower on Monday, as signs of inflationary pressures building up in the economy kept investors worried about monetary policy tightening.

The Dow Jones Industrial Average ended the day 0.2% lower and the Nasdaq Composite was down 0.4%.

Back home, Indian share markets have opened on a strong note, following the trend on SGX Nifty.

A total of 35 companies, including Tata Motors, Canara Bank, Aarti Industries, Abbott India, Torrent Pharma and Route Mobile are set to release their quarterly earnings today.

The BSE Sensex is trading up by 629 points. Meanwhile, the NSE Nifty is trading higher by 192 points.

Bajaj Finance is among the top gainers today. Bharti Airtel, on the other hand, is among the top losers today.

The BSE Mid Cap index and the BSE Small Cap index have opened up by 1.4% and 1%, respectively.

--- 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.
------------------------------

All sectoral indices are trading in green with stocks in the metal sector and power sector witnessing most of the buying interest.

Shares of MRPL and Prism Johnson hit their 52-week highs today.

The rupee is trading at 73.21 against the US$.

Speaking of stock markets, in his latest video for Fast Profits Daily, Vijay Bhambwani talks about why he is bullish on PSU stocks.

Back in October 2020, Vijay had recorded a video on PSU stocks, saying they present very good trading opportunities and also investment opportunities.

Vijay is still bullish on these stocks and in the video below, he explains why you should be too.

In news from the commodities space, gold prices rose to their highest in more than three months as a weaker US dollar and growing inflationary pressure lifted bullion's appeal as an inflation hedge.

In Indian markets, gold prices for the latest contract on MCX are trading down by 0.1% at Rs 48,413 per 10 grams.

Meanwhile, silver prices are trading up by 0.8% at Rs 73,900 per kg.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund (ETF), said its holdings rose 0.7% to 1,035.93 tonnes on Monday from 1,028.36 tonnes in the prior session.

Among gold ETFs, HDFC Gold ETF and SBI Gold ETF are among the top gainers today.

--- 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.
------------------------------

In other news, the markets regulator proposed a framework for setting up a spot gold exchange, in a discussion paper released on Monday.

This proposal was first announced by the finance minister in the Union Budget this year.

The watchdog has sought comments on allowing trading in quantities as low as 5 grams, permitting multiple spot exchanges, incentivising trading on the exchange platform, and having a single gold price across country with transportation cost adjusted as premium or discounted from traded price.

Multi Commodity Exchange (MCX), BSE and NSE are together setting up a spot exchange in the GIFT City.

In the discussion paper, the regulator has sought comments on whether the proposed gold spot exchange should be set up by the existing stock exchange either through a separate segment or as a new asset class in existing segment.

To simplify trading, it has proposed to convert physical gold into electronic gold receipt (EGR), which will be issued by regulated vault companies.

The regulator has also sought comments on the minimum quantity of gold tradable.

Post the Budget announcement, the regulator constituted two working groups to come up with the framework. The last date for submitting comments is June 18.

How this pans out remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

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

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

Earlier this month, our chartist Brijesh Bhatia shared his views in a video on gold and silver.

Brijesh thinks silver is a better trade for those who are interested in short term profits.

Watch the below video for more details.

Moving on to news from the telecom sector, Bharti Airtel is among the top buzzing stocks today.

Telecom major Bharti Airtel on Monday reported a 11.1% quarter-on-quarter (QoQ) fall in its consolidated net profit to Rs 7.6 bn.

In the December quarter (Q3FY21), profit stood at Rs 8.5 bn.

Net profit fell sequentially despite the company reporting an exceptional gain of Rs 4.4 bn for the quarter and a near-doubling of other income to Rs 839 m.

Bharti Airtel's consolidated revenue from operations fell 3% sequentially to Rs 257.5 bn, which was also below estimates.

Revenue performance was dragged down by company's India mobile operations where sales declined 4.7% to Rs 140.8 bn in the reported quarter.

The company reported an average revenue per user (ARPU) of Rs 145 per user, a 13% sequential fall. It was Rs 166 in Q3FY21.

The company's India's revenues grew 17.5% YoY on a comparable basis and 9.6% YoY on a reported basis.

Commenting on the challenges posed by the second wave of coronavirus, Gopal Vittal, MD and CEO of Bharti Airtel said, "we recognize the criticality of our role as a telecom operator in keeping our customers and nation connected in such times. Our focus continues to be on delivering uninterrupted services and great end user experience while ensuring safety of our employees and partners."

Bharti Airtel share price has opened the day down by 0.2%.

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 Zooms 650 Points, Reclaims 50,000 Mark; Bajaj Finance & IndusInd Bank 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