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?  

PM Modi's New Cabinet, Global Stock Market Drivers and Top Stocks in Action
Fri, 31 May Pre-Open | Rini Mehta, TM Team

The Indian share markets ended on a strong note on a May F&O series expiry day. At close, the Sensex was up 330 points at 39,832, while Nifty was up 85 points at 11,946.

NTPC, Yes Bank, Bharti Airtel, Bajaj Finance and BPCL were among major gainers on the Nifty, while losers were Sun Pharma, M&M, Zee Entertainment, Eicher Motors and JSW Steel.

Top Stocks in Focus

Jagran Prakashan share price will be in focus as it reported a rise of 10% in its net profit at Rs 539.4 billion for the quarter under review as compared to Rs 490.6 billion for the same quarter in the previous year.

NMDC produced 32.4 million tonnes (MT) of iron ore during FY19, as against production of 35.6 MT during previous year. The company sold 32.4 MT of iron ore during FY19 against sales of 36.1 MT during FY18.

Axis Bank has revised its fixed deposit (FD) interest rates on select maturities with effect from 29 May 2019. The FD rates in the bank range from 3.5% to 7.3% per annum depending upon the tenure and deposit amount.

Glenmark Pharma reported a rise of 27% in its net profit at Rs 2.8 billion for the quarter ended March 2019 as compared to Rs 2.2 billion for the same quarter in the previous year.

Natco Pharma has reached a Settlement Agreement with Onyx Therapeutics, Inc. on patent litigation related to generic versions of 10mg, 30mg and 60mg of Kyprolis. The company has partnered with Breckenridge Pharmaceutical, Inc., who will market the product in the United States.

Mahindra & Mahindra's (M&M) electric vehicle (EV) sales grew over two-and-a-half times to 10,276 units in FY19, riding on the second phase of orders for electric cars from state-owned EESL. The company had sold 4,026 units in FY18.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Results Corner

Market participants will track Orchid Pharma, United textiles, Lakshmi Energy, Ajanta Soya, Berger Paints, Bombay Rayon, Emami Realty among others as they announce their March quarter results today.

New Cabinet's Swearing-in Ceremony

Narendra Modi, along with his council of ministers, took oath as the 15th the Prime Minister of India at 7 pm in the forecourt of the Rashtrapati Bhavan.

President Ram Nath Kovind administered the oath of office and secrecy at the function.

President of Bangladesh Abdul Hamid, President of Sri Lanka Maithripala Sirisena, President of Myanmar U Win Myint, Prime Minister of Bhutan Lotay Tshering, Prime Minister of Nepal KP Sharma Oli, and Thailand's Special Envoy Grisada Boonrach were present in the national capital for attending Modi's swearing-in ceremony.

The President of Kyrgyzstan, Sooronbay Jeenbekov were also present at the event. Several overseas friends of BJP from 15 countries, including the US, Australia, Germany, and the UK, were also invited.

With the election outcome settled, markets want to know how the government will tackle slowing economic growth.

Global Stock Market Drivers

European stocks climbed with US futures on Thursday as investors awaited the latest developments in the global growth outlook and trade. Treasury yields steadied near their lowest since 2017.

Shares in Asia were mixed, with Hong Kong and Shanghai falling while South Korean equities advanced.

Turbulence in stocks and the march lower in bond yields this week suggest investors are increasingly coming to terms with a trade war that's here to stay.

The possibility that Beijing may cut exports of rare-earth minerals, along with signs that US-EU talks aren't going anywhere meaningful, are adding to tensions.

Meanwhile, bond markets are flashing a warning, with the yield gap between three-month and 10-year Treasuries, often watched as an early signal of pending recession, sliding to a 2007 low Wednesday.

Here are some key events coming up:

  • China provides a first peek at its May economic performance on Friday, with reports anticipating the official manufacturing PMI will tick down to 49.9 amid the worsening trade war with the US.
  • US first-quarter revised GDP data are due.
  • Today, data is due on the Fed's preferred measure of price pressures; the gauge, which excludes food and energy.

Oil Prices Rise

Oil prices rose on Thursday after a bigger-than-expected decline in US crude inventories, although concerns that the US-China trade war will trigger an economic downturn kept a lid on gains.

Brent crude futures, the international benchmark for oil prices, were at US$69.71 per barrel, up 0.4% from their last close. Brent fell nearly 1% in the previous session.

US West Texas Intermediate (WTI) crude futures were up 0.7%, at US$59.21 a barrel.

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 "PM Modi's New Cabinet, Global Stock Market Drivers and Top Stocks in Action". Click here!


Stock Market Updates

MRPL at 52 Week High; BSE 500 Index Up 2.0% (Today's Market)

Mar 1, 2021 03:34 PM

MRPL share price has hit a 52-week high. It is presently trading at Rs 45. BSE 500 Index is up by 1.7% at 19,713. Within the BSE 500, MRPL (up 8.3%) and RCF (up 20.0%) are among the top gainers, while top losers are HIMADRI SPECIALITY CHEMICAL and BHARTI AIRTEL.

KEC INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Mar 1, 2021 03:26 PM

KEC INTERNATIONAL share price is trading up by 5% and its current market price is Rs 454. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are KEC INTERNATIONAL (up 5.2%) and BHARAT ELECTRONICS (up 6.5%). The top losers are SCHAEFFLER INDIA (down 0.2%) and HINDUSTAN AERO. (down 0.3%).

GUJARAT ALKALIES Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Mar 1, 2021 03:24 PM

GUJARAT ALKALIES share price is trading up by 10% and its current market price is Rs 346. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 10.2%) and DEEPAK NITRITE (up 14.5%). The top losers are COLGATE and HDFC AMC .

DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:08 PM

HIMADRI SPECIALITY CHEMICAL share price is trading down by 11% and its current market price is Rs 55. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are RCF (up 20.0%) and MMTC (up 20.0%). The top losers is HIMADRI SPECIALITY CHEMICAL (down 11.3%).

Sensex Trades Over 300 Points Higher; Dow Futures Up by 204 Points (Today's Market)

Mar 1, 2021 12:30 pm

BSE Sensex is trading up by 378 points, while the NSE Nifty is trading up by 165 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.


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


Mar 1, 2021 (Close)