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?  

Sensex and Nifty Open at All-Time Highs; Realty and FMCG Stocks Lead
Tue, 21 May 09:30 am | Rini Mehta, TM Team

Asian share markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.6% while the Hang Seng is up 0.4%. The Nikkei 225 is trading down by 0.4%. US stocks slid on Monday as the White House's restrictions on Huawei weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.

Back home, India share markets opened the day on a strong note with Sensex touching an all-time high. The BSE Sensex is trading up by 191 points while the NSE Nifty is trading up by 47 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.1% and 0.3% respectively.

Barring IT stocks and telecom stocks, all sectoral indices have opened the day in green with realty stocks and FMCG stocks leading the pack of gainers.

The rupee is currently trading at 69.72 against the US$.

The Indian rupee today opened little changed against US dollar as traders avoided taking long positions ahead of the final outcome of general election due on May 23.

--- Advertisement ---
The 7 Most Promising Stocks to Buy as Modi Rises to Power Again

And it looks like a Modi victory again this time around...a resounding one, at that!

This could be good news for the markets...

More importantly, we believe 7 stocks could be amongst the biggest gainers, as the Modi-led government implements their various ideas and initiatives.

Read more about these 7 stocks here...

On Monday, the rupee ended 48 paise or 0.7% higher at 69.74 per dollar from its previous close of 70.22.

Earlier in the day, the home unit advanced by as much as 86 paise or 1.2% to 69.36 against the dollar on Monday, a day after exit polls predicted that the Bharatiya Janata Party-led National Democratic Alliance (NDA) will win almost as many seats as it did in 2014 and form a stable government comfortably.

The equity markets also rejoiced the predictions of exit polls as the Sensex and Nifty ended at all-time closing highs.

So far this year, the rupee has risen 0.03% against the US greenback.

Once the exit polls were released on Sunday, the markets reacted positively.

The Sensex notched up gains of more than 1,400 points.

In the Long Run, Elections Don't Influence the Stock Market

But there are two things that history has shown us.

One, is the exit polls should be taken with a pinch of salt. The 2004 elections are a classic case in point where the exit polls predicted a BJP win, while the actual counting resulted in Congress-led UPA gaining clear majority.

Second, near term reactions to elections aside, stock markets in the longer run have been influenced by the Indian economy and growth in corporate earnings.

Indeed, despite the Congress win in 2004 (something not factored in by the markets), the Sensex has been on a major bull run since then.

This, during years when both the UPA and the NDA have been in power.

Moving on to the news from automobiles sector. Tata Motors has reported a 49% fall in its consolidated net profit at Rs 11.1 billion. The company had reported a profit of Rs 21.8 billion in a year ago period.

The figure above includes profit attributable to shareholders of the company and non-controlling interests.

Revenue of the company declined to Rs 864.2 billion against Rs 899.3 billion.

The operating profit or EBITDA was at Rs 84.5 billion, while the margin stood at 9.8%.

JLR returned to profitability in the fourth quarter with profit before tax at 269 million pounds, down 27.1%, YoY. The EBITDA margin for the quarter was at 9.8%.

JLR revenue for Q4 was at 7,134 million pounds helped by rising sales in the UK and the US. This was; however, down 421 million pounds year-on-year as weaker China market conditions were partially offset by growing demand in key markets like the UK and US.

JLR reported a cash flow of 1.4 billion pounds for Q4, reflecting improved working capital and investment savings.

The balance sheet continued to remain strong with 3.8 billion pounds of cash and 1.9 billion pounds undrawn credit facility, resulting in 5.7 billion pounds of total liquidity at the end of the year.

For the full year, sales touched 24.2 billion pounds, while pre-tax loss was at 358 million pounds before 3.3 billion pounds of exceptional items (Q3 non-cash impairment and Q4 transformation costs).

The FY19 cumulative negative free cash flow of 1.3 billion pounds at JLR reflected in the closing consolidated net automotive debt for Tata Motors at 283.9 billion.

Tata Motors share price opened the day down by 2.6%.

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 and Nifty Open at All-Time Highs; Realty and FMCG Stocks Lead". Click here!


Stock Market Updates

TORRENT POWER LTD Surges by 5%; BSE POWER Index Up 0.9% (Today's Market)

May 29, 2020 03:33 PM

TORRENT POWER LTD share price has surged by 5% and its current market price is Rs 321. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are TORRENT POWER LTD (up 5.1%) and GMR INFRA (up 6.2%). The top losers are THERMAX (down 0.7%) and JSW ENERGY (down 1.1%).

PETRONET LNG Surges by 7%; BSE OIL & GAS Index Up 3.2% (Today's Market)

May 29, 2020 03:33 PM

PETRONET LNG share price has surged by 7% and its current market price is Rs 261. The BSE OIL & GAS is up by 3.2%. The top gainers in the BSE OIL & GAS Index are PETRONET LNG (up 6.6%) and IOC (up 7.9%). The top losers is RELIANCE IND. (down 0.8%).

ERIS LIFESCIENCES LIMITED Surges by 5%; BSE HEALTHCARE Index Up 2.3% (Today's Market)

May 29, 2020 03:33 PM

ERIS LIFESCIENCES LIMITED share price has surged by 5% and its current market price is Rs 506. The BSE HEALTHCARE is up by 2.3%. The top gainers in the BSE HEALTHCARE Index are ERIS LIFESCIENCES LIMITED (up 5.2%) and ASTRAZENECA PHARMA (up 6.3%). The top losers are BLISS GVS PHARMA (down 0.9%) and DR. LAL PATHLABS LTD (down 1.2%).

COLGATE Surges by 7%; BSE FMCG Index Up 2.6% (Today's Market)

May 29, 2020 03:33 PM

COLGATE share price has surged by 7% and its current market price is Rs 1,428. The BSE FMCG is up by 2.6%. The top gainers in the BSE FMCG Index are COLGATE (up 7.0%) and GSK CONSUMER (up 5.1%). The top losers are E.I.D. PARRY (down 0.5%) and TATA CONSUMER PRODUCTS (down 2.4%).

J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 2.3% (Today's Market)

May 29, 2020 03:33 PM

J.B.CHEMICALS share price has hit an all time high at Rs 697 (up 6.3%). The BSE HEALTHCARE Index is up by 2.3%. Among the top gainers in the BSE HEALTHCARE Index today are J.B.CHEMICALS (up 6.3%) and ABBOTT INDIA (up 0.4%). The top losers include BLISS GVS PHARMA (down 0.9%) and DR. LAL PATHLABS LTD (down 1.2%).

Sensex Trades Marginally Lower; Axis Bank & Infosys Top Losers (Today's Market)

May 29, 2020 12:30 pm

Indian share markets are trading on a negative note with the BSE Sensex down by 142 points while NSE Nifty is trading lower by 26 points.

View More Indian Share Market News

Most Popular

6 Charts Showing the State of Indian Financial Markets in 2020(Sector Info)

May 26, 2020

Six charts showing how Indian financial markets have performed in 2020 so far...

This 'Essential Product' Smallcap is a Must Have for a 'Covid-19' Immune Portfolio(Profit Hunter)

May 19, 2020

This smallcap company needs no stimulus measures to do well in the long term.

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

Which Stocks Should You Buy, Sell, and Hold in the Market Today?(Profit Hunter)

May 21, 2020

The coronavirus led uncertainty refuses to go away from the markets. Here's what retail investors should do with their stocks...


India's #1 Trader
Reveals His Secrets

The 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


May 29, 2020 (Close)