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?  

NBFCs Back in Focus; WPI Inflation at 2-Year Low, and Top Stocks in Action Today
Mon, 17 Jun Pre-Open | Monish Vora, TM Team

On Friday, Indian share markets fell sharply during the closing hours and ended deep in the red.

The BSE Sensex closed lower by 289 points to end the day at 39,452. IndusInd Bank and Bharti Airtel were among the top losers.

While the broader NSE Nifty ended down by 91 points to end at 11,823.

Among BSE sectoral indices, realty stocks fell the most by 2.1%, followed by telecom stocks and banking stocks.

Top Stocks in Focus Today

Wockhardt share price will be in focus today as the US Food and Drug Administration (USFDA) has carried out inspection of the company's bioequivalence centre located at Aurangabad.

To know more about the company, you can read Wockhardt's latest result analysis on our website.

Hexaware Technologies share price will also be in focus today as the company has acquired Mobiquity Inc. for a total consideration of around US$ 182 million. Mobiquity creates digital products for some of the most well-known brands in the world, such as Amazon Web Services, Rabobank, Philips, Wawa, Backbase and Otsuka.

--- Advertisement ---
Where Do We Ship Your Book?

The Secrets Identifying  10X StocksWe strongly believe our book – "50 Reasons Why The Rebirth of India Is Inevitable" – could rewrite the financial destiny of anyone who reads it and acts on the information.

Simply stated, the book reveals how to profit from the once-in-2000 years wealth building phenomenon we call the Rebirth of India.

And Modi's re-election could speed up the Rebirth of India greatly too. So don't delay.

This book is currently selling for Rs 1,950 on Amazon. But by acting fast, you could get a copy delivered to your address in India virtually FREE.

Over 1,000 copies of this hardbound book have been claimed already.

Click here to find out how to grab your virtually FREE copy now!
------------------------------

Market participants will also track Abbott India share price.

Reportedly, the company has unveiled sensor enabled HD grid mapping catheter, a device that can be inserted in the body to treat diseases or perform surgical procedures.

From the Macroeconomic Space...

India's wholesale price-based inflation (WPI) slipped to 22-month low at 2.45% in May.

The fall here was helped by lower prices for food articles, and fuel and power items. Inflation in food articles basket was 6.99%, down from 7.37% in April.

However, onion prices spiked during the month with inflation at 15.89%, as against -3.43% in April.

Vegetables inflation eased to 33.15% in May. This was down from 40.65% in the previous month. Inflation in potato was -23.36%, against -17.15% in April.

Inflation in 'fuel and power' category cooled to 0.98%, from 3.84% last month. Manufactured items too saw decline in prices with inflation at 1.28% in May, against 1.72% in April.

The WPI inflation in May is the lowest in 22 months, since July 2017, when it was at 1.88%. It was at 3.07% in April and 4.78% in May 2018.

Earlier this week, government data showed retail inflation touching a seven-month high of 3.05% in May 2019.

Higher vegetable and food prices led to the fourth consecutive monthly increase in retail inflation, which is calculated on the basis of Consumer Price Index (CPI).

As per the data released by Central Statistics Office (CSO), inflation in the food basket increased to 1.83% in May. The same was recorded at 1.1% in April.

The retail inflation in April 2019 was revised upwards to 2.99% from the earlier 2.92%. The retail inflation level during the May 2018 was recorded at 4.87%.

The Reserve Bank of India has set the targets of 4% for the inflation rate.

The Monetary Policy Committee (MPC) under the central bank factors in CPI-based retail inflation while finalizing its monetary policy.

From the Commodities Space...

Oil prices witnessed selling pressure on Friday after the International Energy Agency (IEA) cut its global oil demand growth forecast, taking some attention away from fresh tensions in the Middle East sparked by an attack on two tankers in the Strait of Hormuz.

Last week on Thursday, crude futures were up around 4% following attacks on two oil tankers in one of the world's key shipping routes.

It was the second time in less than a month that tankers had been attacked in the world's most important zone for oil supplies, with hundreds of millions of dollars' worth of oil passing through the shipping lane every year.

The next meeting of the Organization of the Petroleum Exporting Countries (OPEC) is going to take place at the end of June and market participants are eyeing whether the world's major oil producers would prolong their supply cuts.

As you know, rising crude oil prices have a big impact on the Indian economy as it imports over 70% of its energy needs.

Rise in crude oil increases input costs for dependent firms. It also means rising inflation. Rising inflation means rising interest rates.

It also puts pressure on the government to cut excise duty, thereby impacting its revenues. We have already seen that happening.

Research Analyst, Richa Agarwal believes that this has the potential to bring down sentiments in the domestic markets. She further believes that, if oil prices continue their upward march in a tight global environment, a broader correction in the sentiment fueled domestic market cannot be ruled out.

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 "NBFCs Back in Focus; WPI Inflation at 2-Year Low, and Top Stocks in Action Today". Click here!

  

Stock Market Updates

VAIBHAV GLOBAL Share Price Down by 5%; BSE 500 Index Down 1.0% (Today's Market)

Aug 14, 2020 03:34 PM

VAIBHAV GLOBAL share price is trading down by 5% and its current market price is Rs 1,843. The BSE 500 is down by 1.0%. The top gainers in the BSE 500 Index are LUPIN (up 9.2%) and HEIDELBERG CEMENT (up 8.4%). The top losers are VAIBHAV GLOBAL (down 5.1%) and EICHER MOTOR (down 7.2%).

TATA MOTORS Share Price Down by 5%; BSE AUTO Index Down 2.5% (Today's Market)

Aug 14, 2020 03:26 PM

TATA MOTORS share price is trading down by 5% and its current market price is Rs 133. The BSE AUTO is down by 2.5%. The top gainers in the BSE AUTO Index are CUMMINS INDIA (up 2.6%) and ASHOK LEYLAND (up 1.0%). The top losers are TATA MOTORS (down 5.2%) and EICHER MOTOR (down 7.2%).

VARROC ENGINEERING Share Price Down by 5%; BSE CAPITAL GOODS Index Down 0.5% (Today's Market)

Aug 14, 2020 03:26 PM

VARROC ENGINEERING share price is trading down by 5% and its current market price is Rs 231. The BSE CAPITAL GOODS is down by 0.5%. The top gainers in the BSE CAPITAL GOODS Index are NBCC (INDIA) LTD (up 3.1%) and SIEMENS (up 2.8%). The top losers is VARROC ENGINEERING (down 5.4%)..

BOSCH Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Aug 14, 2020 03:18 PM

BOSCH share price is trading down by 5% and its current market price is Rs 14,400. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are ECLERX SERVICES (up 9.6%) and LUPIN (up 9.2%). The top losers are BOSCH (down 5.2%) and EICHER MOTOR (down 6.9%).

BAJAJ ELECTRICALS at 52 Week High; BSE 500 Index Down 1.0 % (Today's Market)

Aug 14, 2020 03:06 PM

BAJAJ ELECTRICALS share price has hit a 52-week high. It is presently trading at Rs 470. BSE 500 Index is down by 1.0% at 14,874. Within the BSE 500, BAJAJ ELECTRICALS (up 7.0%) and REDINGTON (up 15.4%) are among the top gainers, while top losers are EICHER MOTOR and DISH TV.

Sensex Trades Marginally Higher; L&T and Sun Pharma Top Gainers (Today's Market)

Aug 14, 2020 12:30 pm

The BSE Sensex is trading up by 118 points, while the NSE Nifty is trading up by 33 points.

View More Indian Share Market News

Most Popular

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)

Aug 10, 2020

Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?

Forget the Nifty and Sensex for the Next 1 or 2 Years and Focus on These Stocks(Profit Hunter)

Aug 6, 2020

Stocks from the essential small cap space are likely to be outperformers over the next 1 or 2 years.

3 Stocks to Ride the Big Rebound in Smallcaps(Profit Hunter)

Aug 11, 2020

The rebound ratio suggests that smallcaps are set for big gains but this time it will be limited to a few stocks. Make sure you choose wisely.

Governance: for the country and your portfolio.(The Honest Truth)

Aug 14, 2020

Ajit Dayal on the need of socially responsible governance.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 14, 2020 03:37 PM

MARKET STATS