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 Trades above 39,000-Mark; IndusInd Bank & ICICI Bank Top Gainers
Tue, 18 Jun 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading on a positive note. Barring telecom sector and FMCG sector, all sectoral indices are trading in green with stocks in the banking sector, consumer durables sector and realty sector witnessing maximum buying interest.

The BSE Sensex is trading up by 129 points (up 0.3%), while the NSE Nifty is trading up by 33 points (up 0.3%). The BSE Mid Cap index is trading up by 0.6% and the BSE Small Cap index is trading up by 0.2%.

The rupee is trading at Rs 69.79 against the US$.

Yesterday, the domestic currency fell 11 paise to end at 69.91 against the US dollar on the back of sell-off in domestic equity market amid concerns over trade worries.

In the news from the finance sector, HDFC AMC share price is witnessing selling pressure today after the company said it has offered exits to investors of some fixed-maturity plans (FMPs) by transferring Rs 5 billion worth of their exposures to Essel group firms on to its own books.

Shares of the company slipped around 7% in early trade today on the back of above news.

--- Advertisement ---
Why Buy It For Rs 1,950 When You Could Get It Virtually FREE?

The Secrets Identifying  10X StocksTanushree's Banerjee's new hardbound book – "50 Reasons Why The Rebirth of India Is Inevitable" – is selling for Rs 1,950 on Amazon right now.

But if you act immediately, you could get a copy of it mailed to your address in India for virtually FREE.

Yes! This pathbreaking book reveals all about a once-in-2000 years phenomenon and how to profit from it.

And nearly 2,000 copies of this book have been claimed already.

So don't delay even a second more…

Find out how to grab your virtually FREE copy now!

The company said such liquidity arrangement is in the long-term interest of the company and is being undertaken purely as a measure to provide liquidity to the relevant unit holders.

As per a disclosure made by the asset management company (AMC), the liquidity arrangement may involve an aggregate outlay not exceeding Rs 5 billion and will be put in place shortly.

However, sources say if the payments related to Essel firms don't come through within the September deadline, the AMC will sell the collateral shares to recover the dues and pay the realizable value to the investors.

In April, some FMPs belonging to Kotak MF and HDFC MF were unable to give full maturity amount to the investors as Essel-related maturities were effectively extended beyond these FMPs' own maturity dates following the 'standstill' agreement.

Last month, the markets regulator had sent show-cause notices to the two fund houses in relation to the FMPs' investments in Essel group companies.

How this pans out remains to be seen. Meanwhile, we will keep you updated on all the developments form this space.

Moving on to the news from the automobile sector, Mahindra & Mahindra (M&M) has launched Thar 700, the last batch of 700 units of the iconic 4x4 off-road SUV. It comes packed with unique and differentiated features and will be competitively priced at Rs 1 million.

Reports state that Thar 700 aptly marks the 70 years legacy of Mahindra, as its lineage traces back to 1949 when the first Mahindra vehicle was built in India.

This limited special edition of the iconic brand, will be available in an all new Aquamarine color, in addition to the popular color of Napoli Black.

Meanwhile, Tata Motors has launched automated manual transmission (AMT) versions of its compact sedan Tigor.

The company has introduced two variants under its Tigor AMT range - XMA and XZA+. The two new trims will be offered with a 1.2 litre petrol engine.

M&M share price and Tata Motors share price are presently trading up by 0.2% and 0.7%, respectively.

Speaking of automobiles sector, according to a report by the Federation of Automobile Dealers' Associations (FADA), retail auto sales in May that fell 7.5% from a year ago show that the overall consumer sentiment is poor. Latest data shows that production cuts will continue as retail demand continues to falter.

After the growth in January, auto sales growth has declined every month. Rating agency CRISIL share price pegs FY20 growth at 3% for passenger vehicles (PVs) and two-wheelers and 6-8% for commercial vehicles (CVs).

Note that, passenger sales fell 20.5% in May 2019 compared to May 2018. This follows a 17.1% year on year decline in April as well.

The decline in May is the worst seen since 2001.

Never Ending Woes For The Automobile Sector

Never Ending Woes For The Automobile Sector

Here's what Tanushree Banerjee wrote about it in one of the recent edition of The 5 Minute WrapUp...

  • Multiple factors have affected the auto sector of late.

    The liquidity crisis faced by NBFCs, regulatory changes leading to increased costs, new emission norms... they have all taken their toll.

    Also, this sector is ripe for disruption with electric vehicles and ride sharing applications.

    Maruti, India's largest car maker announced it would stop making diesel cars from April next year.

    The coming one year will be a real test for India's auto companies.

    It will also tell us if this slowdown is temporary or if there has been a structural change in the sector.

    There is one thing I know for sure, dear reader. Only the ones adapting their business models to the rapidly changing environment will survive and thrive.

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 Trades above 39,000-Mark; IndusInd Bank & ICICI Bank Top Gainers". Click here!


Stock Market Updates

FIRSTSOURCE SOL. Share Price Up by 5%; BSE IT Index Down 0.5% (Today's Market)

Aug 4, 2020 09:53 AM

FIRSTSOURCE SOL. share price is trading up by 5% and its current market price is Rs 54. The BSE IT is down by 0.5%. The top gainers in the BSE IT Index is FIRSTSOURCE SOL. (up 5.2%). The top losers are TATA ELXSI (down 0.2%) and INFOSYS (down 0.4%).

TORRENT PHARMA at All Time High; BSE HEALTHCARE Index Up 0.3% (Today's Market)

Aug 4, 2020 09:43 AM

TORRENT PHARMA share price has hit an all time high at Rs 2,776 (up 1.0%). The BSE HEALTHCARE Index is up by 0.3%. Among the top gainers in the BSE HEALTHCARE Index today are TORRENT PHARMA (up 1.0%) and ABBOTT INDIA (up 1.3%). The top losers include PROCTER & GAMBLE HEALTH and PFIZER (down 0.2%).

ERIS LIFESCIENCES LIMITED Share Price Up by 5%; BSE HEALTHCARE Index Up 0.9% (Today's Market)

Aug 4, 2020 09:27 AM

ERIS LIFESCIENCES LIMITED share price is trading up by 5% and its current market price is Rs 574. The BSE HEALTHCARE is up by 0.9%. The top gainers in the BSE HEALTHCARE Index are ERIS LIFESCIENCES LIMITED (up 5.2%) and CAPLIN POINT (up 5.5%). The top losers are FORTIS HEALTHCARE (down 0.1%) and SHILPA MEDICARE (down 0.7%).

CAPLIN POINT Share Price Up by 5%; BSE HEALTHCARE Index Up 1.0% (Today's Market)

Aug 4, 2020 09:25 AM

CAPLIN POINT share price is trading up by 5% and its current market price is Rs 493. The BSE HEALTHCARE is up by 1.0%. The top gainers in the BSE HEALTHCARE Index are CAPLIN POINT (up 5.0%) and WOCKHARDT (up 8.8%). The top losers are FORTIS HEALTHCARE (down 0.1%) and LAURUS LABS LTD (down 0.8%).

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

Aug 4, 2020 09:25 AM

L&T INFOTECH LTD share price has hit an all time high at Rs 2,500 (up 0.3%). The BSE IT Index is up by 0.7%. Among the top gainers in the BSE IT Index today are L&T INFOTECH LTD (up 0.3%) and ORACLE FINANCIAL (up 1.0%). The top losers include TECH MAHINDRA (down 0.1%) and HCL TECHNOLOGIES (down 0.4%).

SGX Nifty Up 40 Points, India's July Manufacturing PMI, Jump in Auto Sales, and Top Buzzing Stocks Today (Today's Market)

Aug 4, 2020 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

Why the Stock of HDFC Bank Deserves a Closer Look than Before...(Profit Hunter)

Jul 22, 2020

HDFC Bank's results point to a gaping hole in Indian financial sector. Possibly even a global contagion.

My Best Trading Ideas When Interest Rates Are So Low(Fast Profits Daily)

Jul 23, 2020

India's interest rates are lower than the inflation rate. Here are the best trades for this situation.

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?


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


Aug 4, 2020 10:39 AM