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Sensex Ends 222 Points Higher; Asian Paints and Axis Bank Among Top Nifty Gainers
Tue, 15 Jun Closing

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices continued their positive momentum for the fourth straight day and attained record highs in today's session amid supportive global market sentiment.

At the closing bell, the BSE Sensex stood higher by 222 points (up 0.4%).

Meanwhile, the NSE Nifty closed higher by 57 points (up 0.4%).

Asian Paints and Axis Bank were among the top gainers today.

Divi's Labs and Coal India, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,879, up by 43 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 0.6% and 0.4%, respectively.

Sectoral indices ended on a positive note with stocks in the realty sector and banking sector witnessing most of the buying interest.

Healthcare and power stocks, on the other hand, witnessed selling pressure.

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Shares of Gujarat Gas and Mahindra Lifespace hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today as investors awaited a much-anticipated Federal Reserve policy meeting to see if the central bank would signal any change to the US monetary policy outlook.

The Hang Seng and the Shanghai Composite ended the day down by 0.7% and 0.9%, respectively.

The Nikkei ended up by 1% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading down by 5 points.

The rupee is trading at 73.31 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.2% at Rs 48,613 per 10 grams.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani talks about how the upcoming Robin Hood Conference will have an impact on your trades, in his latest video for Fast Profits Daily.

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Anupam Rasayan Clears Debt from Recent IPO Proceeds

In news from the chemicals sector, Anupam Rasayan was among the top buzzing stocks today.

Chemicals maker Anupam Rasayan has repaid debt worth Rs 5.3 bn from the net proceeds of its recently completed initial public offering (IPO) and will clear an additional Rs 300 m debt by next quarter ending September 2021.

The company had raised Rs 7.6 bn through its IPO.

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Speaking to PTI, Anupam Rasayan chief financial officer (CFO) and spokesperson Afzal Malkani said the company's total debt is about Rs 8.4 bn.

The objective of the IPO was to raise Rs 7.6 bn, out of which Rs 5.6 bn was for repayment of the debt and the rest was for general corporate purposes, he said.

The company has repaid Rs 4.7 bn debt as on 31 March 2021 and another Rs 600 m was repaid in the current quarter, he said and added that so far, a total of Rs 5.3 bn debt has been cleared by the company.

A total of Rs 5.6 bn debt out of Rs 8.4 bn, will be cleared by the next quarter and the remaining debt will be on the company's books, he added.

Anupam Rasayan share price ended the day up by 0.1% on the BSE.

Moving on to news from the auto sector...

Tata Motors to Raise Up to Rs 5 Bn Via Securities

Tata Motors on Monday said its board has approved a proposal to raise up to Rs 5 bn through the issue of securities on a private placement basis.

A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of

face value Rs 1 m each, aggregating up to Rs 5 bn, the auto major said in a regulatory filing.

The Mumbai-based company, however, did not share details as to how it plans to use the capital.

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Tata Motors, a US$ 35 bn organisation, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.

Part of the US$ 113 bn Tata group, the company is India's largest automaker with operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on 31 March 2020.

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

Tata Motors share price ended the day down by 0.9% on the BSE.

Speaking of stocks, here's a pattern that if you see, you must sell your position. After all, exits are more important than entries.

In the chart below, we can see the head and shoulder pattern - the stock goes up, makes a high, falls a little bit, goes up to a higher high, does not make a higher low, rallies again, fails to make a new high, and then starts to break down.

This usually happens in a situation where a stock or index has typically been in a bull trend for a while. Spotting this correctly can help you save money.

If you're interested in trading and want to know how you can use this pattern, you can read about it in one of the editions of Profit Hunter here: It's When You Sell that Counts

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


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Stock Market Updates

L&T INFOTECH at All Time High; BSE IT Index Up 0.7% (Today's Market)

Aug 5, 2021 02:09 PM

L&T INFOTECH share price has hit an all time high at Rs 4,865 (up 0.6%). The BSE IT Index is up by 0.7%. Among the top gainers in the BSE IT Index today are L&T INFOTECH (up 0.6%) and COFORGE (up 1.3%). The top losers include HEXAWARE TECHNOLOGIES and ZENSAR TECHNOLOGIES (down 0.1%).

Sensex Trades Marginally Higher, Dow Futures Up by 21 Points (Today's Market)

Aug 5, 2021 12:30 pm

BSE Sensex is trading up by 110 points, while the NSE Nifty is up by 33 points.

Sensex Opens Flat; Metal and Realty Stocks Under Pressure (Today's Market)

Aug 5, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 16 points, while the Nifty is trading lower by 12 points.

FUTURE CONSUMER Share Price Down by 5%; BSE 500 Index Down 0.4% (Today's Market)

Aug 5, 2021 09:37 AM

FUTURE CONSUMER share price is trading down by 5% and its current market price is Rs 9. The BSE 500 is down by 0.4%. The top gainers in the BSE 500 Index are SONATA SOFTWARE (up 6.9%) and TEJAS NETWORKS (up 5.0%). The top losers are FUTURE CONSUMER (down 5.1%) and IDFC FIRST BANK (down 6.1%).

VODAFONE IDEA Share Price Down by 15%; BSE 500 Index Up 0.0% (Today's Market)

Aug 5, 2021 09:29 AM

VODAFONE IDEA share price is trading down by 15% and its current market price is Rs 5. The BSE 500 is up by 0.0%. The top gainers in the BSE 500 Index are SONATA SOFTWARE (up 6.8%) and GSK CONSUMER (up 5.1%). The top losers are VODAFONE IDEA (down 14.9%) and NAVA BHARAT VENTURES (down 11.4%).

SONATA SOFTWARE Share Price Up by 7%; BSE IT Index Up 0.3% (Today's Market)

Aug 5, 2021 09:25 AM

SONATA SOFTWARE share price is trading up by 7% and its current market price is Rs 874. The BSE IT is up by 0.3%. The top gainers in the BSE IT Index is SONATA SOFTWARE (up 7.4%). The top losers are FIRSTSOURCE SOLUTIONS and CYIENT (down 0.1%).

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Aug 5, 2021 03:35 PM

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