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?  

Sensex Trades above 39,000-Mark; L&T and Bharti Airtel Top Gainers
Fri, 24 May 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading on a positive note. All sectoral indices are trading in green with stocks in the realty sector, telecom sector and capital goods sector witnessing maximum buying interest.

The BSE Sensex is trading up by 343 points (up 0.9%), while the NSE Nifty is trading up by 101 points (up 0.9%). The BSE Mid Cap index is trading up by 1.1%, while the BSE Small Cap index is trading up by 1.4%.

While the Indian stock market has given a big thumbs up to the re-election of the Modi government, what does this mean for the market going forward? And how can one play markets post elections?

Tanushree Banerjee answers these questions in the latest edition of The 5 Minute WrapUp. You can read the entire article here: My Top 7 Stocks to Buy as Modi Returns to Power

Also, with Sensex touching the 40,000 mark yesterday, does Sensex 1,00,000 sound outrageous from where we are right now?

History indicates a healthy rise in Sensex post elections. In the three elections prior to this, we have seen a government come back to power, and change hands but the Sensex has moved one way i.e. upwards.

Will the Sensex Be Close to 1,00,000 By the Next Election?

 Will the Sensex Be Close to 1,00,000 By the Next Election?

Here's what Tanushree has to say about this...

  • There are bound to be bumps along the way. The move from 5,000 to 40,000 wasn't a straight one. We had a global recession, countless moments of doomsday predictions as well.

    But we got there.

    And now, with a stable government at the centre, the pace might pick up.

    I believe there are 50 irreversible trends that will the push Sensex to 1,00,000.

    And these 50 trends look set to play out soon.

    The ride might have already begun looking at the stock market's reaction to the election results.

    But it is still early days. And the time to hop on to the ride is right now!

Meanwhile, look out for the stocks that will rise fast when the tide of the market turns up.

Market participants are tracking Ashok Leyland share price, JSW Steel share price, and Bata India share price as these companies are set to announce their March quarter (Q4FY19) results today.

You can also read our recently released Q4FY19 Results: Bajaj Auto, PI Industries, IndusInd Bank, Bosch.

In the news from the power sector, KEI Industries share price is witnessing buying interest today after the company reported a strong operational performance in Q4FY19.

The power cable manufacturing company's operating profit rose 36% at Rs 1.4 billion against Rs 1 billion in the year-ago quarter. Operating margin improved 113 basis points (bps) at 10.9% due to increase in sales and better product mix.

Net sales grew 22% at Rs 12.6 billion, while net profit jumped 21% at Rs 0.6 billion. Reports state that the company has strong pending orders worth 47.1 billion and Rs 1.1 billion for extra high voltage.

Shares of the company are presently trading at their all-time high, up 10%.

To know more about the company, you can read KEI Industries' Latest Result Analysis on our website.

Moving on to the news from the aviation space, shares of Jet Airways are trading 8% lower today after reports state that Hinduja Group and Etihad Airways failed to strike a deal to buy stake in the cash-strapped airline.

The debt-laden airline's future remains uncertain as Hinduja Group and Etihad Airways fail to make headway in their negotiations for joint ownership.

As per a leading financial daily, lenders have expressed reservations to consider the unsolicited bids, as they find them lacking financial and managerial depth.

UK-based entrepreneur Jason Unsworth, Mumbai-based Darwin Platform Group, London-based AdiGro Aviation, and Russian aviation professional Oleg Evdokimov, were not shortlisted by the lenders but had submitted bids.

Meanwhile, rating agency ICRA in a report said that the grounding of Jet Airways' aircrafts has impacted the industry's capacity by around 14%, which has resulted in a 4.2% fall in domestic air traffic to 11 million in April.

Note that, Jet Airways has seen a slew of top executives and board members leave the airline in the past few months. Last month, Nasim Zaidi quit his position as non-executive and non-independent director on the airline's board citing 'personal reasons' and 'time constraints'.

The airline's independent director, Rajshree Pathy also quit the board in April. Last week, top executive Gaurang Shetty, considered close to founder Naresh Goyal, also resigned from airline's board of directors.

In other news, Singapore-based aircraft leasing company BOC Aviation said it has delivered three Boeing B737-800 NG aircraft to Indian carrier SpiceJet.

The three aircraft are powered by CFM56 engines. BOC Aviation is a leading global aircraft operating leasing company with a fleet of 507 aircraft.

SpiceJet share price is presently trading up by 6.6%.

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

Equitymaster requests your view! Post a comment on "Sensex Trades above 39,000-Mark; L&T and Bharti Airtel Top Gainers". Click here!

  

Stock Market Updates

Most Active Small-Cap Stocks Today; ATUL the Most Traded (Today's Market)

Jun 19, 2019 03:59 PM

Here's a list of most active small-cap stocks today. It also includes information on BSE Smallcap index and the broader benchmark indices.

Top 5 Mid-Cap Gainers Today; BIOCON Leads the Pack (Today's Market)

Jun 19, 2019 03:58 PM

Here's a list of 5 stocks that gained the most in the BSE Mid-Cap Index today. It also includes information on BSE Mid-Cap index and the broader benchmark indices.

INDOSTAR CAPITAL Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Jun 19, 2019 03:32 PM

INDOSTAR CAPITAL share price has plunged by 5% and its current market price is Rs 379. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are TRENT LTD (up 5.4%) and TATA STEEL (up 5.3%). The top losers are INDOSTAR CAPITAL (down 5.5%) and PIRAMAL ENTERPRISES (down 6.8%).

VODAFONE IDEA Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Jun 19, 2019 03:30 PM

VODAFONE IDEA share price has plunged by 5% and its current market price is Rs 12. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are ZEE ENTERTAINMENT (up 5.3%) and TATA STEEL (up 5.3%). The top losers are VODAFONE IDEA (down 5.4%) and PIRAMAL ENTERPRISES (down 6.7%).

TATA STEEL Surges by 5%; BSE METAL Index Up 0.7% (Today's Market)

Jun 19, 2019 03:28 PM

TATA STEEL share price has surged by 5% and its current market price is Rs 497. The BSE METAL is up by 0.7%. The top gainers in the BSE METAL Index is TATA STEEL (up 5.1%). The top losers are HINDALCO and JSW STEEL (down 0.5%).

Indian Indices Turn Volatile; Yes Bank Slips 5% (Today's Market)

Jun 19, 2019 12:30 pm

Indian share markets are trading on a positive note with the BSE Sensex up by 141 points while NSE Nifty trading higher by 19 points.

View More Indian Share Market News

Most Popular

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

Just One Stock Made Buffett Billions - And Can Make You Crores(Profit Hunter)

Jun 6, 2019

Coca Cola is arguably one of Warren Buffet's best stock picks. But did you know that small investors picked up the stock five decades before Buffet? Read on...

Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)

Jun 12, 2019

This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.

Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)

Jun 10, 2019

The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.

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


Jun 19, 2019 (Close)

MARKET STATS