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


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Sensex Ends 66 Points Higher; Realty and Consumer Durable Stocks Witness Buying
Wed, 19 Jun Closing | Monish Vora, TM Team

Indian share markets continued to witness volatility during closing hours and ended their day on a flat note.

Gains were seen in the realty sector and consumer durables sector, while stocks from the auto sector and healthcare sector witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 66 points (up 0.2%) and the NSE Nifty stood flat.

The BSE Mid Cap index ended down by 0.7%, while the BSE Small Cap index ended the day down by 1.4%.

Asian stock markets finished on a positive note as of the most recent closing prices. The Hang Seng stood up by 2.56% and the Nikkei was trading up by 1.72%, while the Shanghai Composite was trading up by 0.96%.

European markets were trading on a negative note. The FTSE 100 was down by 0.35%. The DAX was trading down by 0.02%, while the CAC 40 was down by 0.07%.

The rupee was trading at 69.72 to the US$ at the time of writing.

In the news from the banking sector, Federal Bank share price was in focus today as the lender announced plans to raise up to Rs 5 billion by issuing Basel III-compliant bonds on private placement basis.

--- Advertisement ---
Read This Book TODAY For A Richer Tomorrow…

The Secrets Identifying  10X StocksIf there's one thing you could read TODAY for a richer tomorrow, we believe it's Tanushree Banerjee's new book on the rare economic phenomenon she calls the Rebirth of India.

The Rebirth of India is a once-in-2000 years phenomenon that could make our country the richest nation in the world once again, and make smart investors EXTREMELY rich in the long run.

And the best part is – by acting today, you could get a copy of Tanushree's book (which is selling for Rs 1,950 on Amazon) delivered to your address in India for FREE.

Nearly 2,000 copies of this hardbound book have been claimed already.

Find Out How to Grab your FREE copy now!

The lender in a BSE filing said that the board of the bank has approved the issuance of 1,000 unsecured, listed, redeemable Basel III compliant tier II bonds having a face value of Rs 10 lakh each, with an option to retain oversubscription up to Rs 400 crore aggregating to Rs 500 crore (debentures), on a private placement basis.

Market participants were also tracking IndoStar Capital Finance and ICICI Bank share price as these companies have entered into a sourcing and servicing arrangement to partner in extending credit to small and medium fleet owners to purchase used and new commercial vehicles.

From the construction sector, IRB Infrastructure Developers share price was in focus today. Shares of the company witnessed selling pressure to hit their five-year low levels today after a media report indicated that there could be new operator for Mumbai-Pune Expressway.

As per the news, it was reported that the National Highways Authority of India (NHAI) was planning to find a new operator for the Mumbai-Pune Expressway after the company's agreement ends in August.

In August 2004, the Maharashtra State Road Development Corporation (MSRDC) and Mhaiskar Infrastructure (MIPL) - a special purpose vehicle of IRB Infrastructure Developers signed a 15-year concession agreement to develop, operate and maintain the Mumbai-Pune section of NH-4, along with the operation and maintenance of the Expressway project.

For IRB, during the fourth quarter of 2018-19, the Expressway project earned 42% of the total toll collection.

We'll keep you updated on how the above news pans out in the coming days.

Speaking of the infrastructure sector, did you know India became the world's fastest highway building economy under Modi 1.0?

Tanushree Banerjee has shared some interesting data on this in one of the recent editions of The 5 Minute WrapUp...

In the last five years, India constructed approximately 39,000 kms of highways. That is a jump of nearly 60% from the UPA-2 tally.

The NHAI achieved the pace of building highways at 32 kms per day in FY19. Its target for FY20, at 40 kms per day is almost 25% higher.

What Would 40 kms a Day of Highway Building Mean for Infra Stocks?

 What Would 40 kms a Day of Highway Building Mean for Infra Stocks?

And as per Tanushree, this uptrend in execution could be a big tailwind for infra companies. As she writes...

  • Now, I do not expect the 25% jump in road building to come in one fiscal.

    However, I believe it is important this trend of improvement in execution continues.

    And such a trend could be a big tailwind for many infra companies.

    Also, Modi 2.0's infra plans are not restricted to road building alone.

    Railways, waterways, drinking water pipelines, green energy, and affordable housing could also form a bulk of the Rs 100 lakh crore opportunity.

But does that mean investors should jump at the next hot infra stock?


Because even if India's infra story sounds exciting, it is important to dig deeper and be careful.

There will be only a few stocks that will benefit the most from the transformation what Tanushree calls the Rebirth of India.

You can read Tanushree's article in its entirety here: How to Profit from Modi 2.0's Rs 100 Lakh Crore Infrastructure Plan

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 Ends 66 Points Higher; Realty and Consumer Durable Stocks Witness Buying". Click here!


Stock Market Updates

The BSE REALTY Index Down 2% ; GODREJ PROPERTIES Among Top Losers (Today's Market)

Jul 22, 2019 09:34 AM

The BSE REALTY Index Down at 2,140 (down 2.1%). Among the top losers in the BSE REALTY Index today are GODREJ PROPERTIES, OBEROI REALTY and INDIABULLS REAL EST. Meanwhile, the BSE Sensex has plunged 0.7% to 38,334.

SADBHAV ENGINEERING Plunges by 6%; BSE CAPITAL GOODS Index Down 1.1% (Today's Market)

Jul 22, 2019 09:32 AM

SADBHAV ENGINEERING share price has plunged by 6% and its current market price is Rs 177. The BSE CAPITAL GOODS is down by 1.1%. The top gainers in the BSE CAPITAL GOODS Index is ELGI EQUIPMENTS (up 0.4%). The top losers is SADBHAV ENGINEERING (down 5.7%)..

INDIAN OVERSEAS BANK Plunges by 13%; BSE BANKEX Index Down 0.8% (Today's Market)

Jul 22, 2019 09:22 AM

INDIAN OVERSEAS BANK share price has plunged by 13% and its current market price is Rs 12. The BSE BANKEX is down by 0.8%. The top gainers in the BSE BANKEX Index are CITY UNION BANK (up 0.3%) and INDUSIND BANK (up 0.2%). The top losers is INDIAN OVERSEAS BANK (down 13.0%)..

PHILLIPS CARBON BLACK Plunges by 6%; BSE 500 Index Down 0.6% (Today's Market)

Jul 22, 2019 09:22 AM

PHILLIPS CARBON BLACK share price has plunged by 6% and its current market price is Rs 113. The BSE 500 is down by 0.6%. The top gainers in the BSE 500 Index are RELIANCE COMMUNICATIONS (up 3.4%) and CG POWER & INDUSTRIAL (up 2.5%). The top losers are PHILLIPS CARBON BLACK (down 6.0%) and PERSISTENT SYSTEMS (down 5.1%).

MAHINDRA CIE AUTO. Plunges by 7%; BSE CONSUMER DURABLES Index Down 0.6% (Today's Market)

Jul 22, 2019 09:22 AM

MAHINDRA CIE AUTO. share price has plunged by 7% and its current market price is Rs 201. The BSE CONSUMER DURABLES is down by 0.6%. The top gainers in the BSE CONSUMER DURABLES Index are WHIRLPOOL OF INDIA (up 0.7%) and RAJESH EXPORTS (up 0.1%). The top losers is MAHINDRA CIE AUTO. (down 6.6%)..

View More Indian Share Market News

Most Popular

These 3 Smallcap Stocks are Set to Make the Most of Smallcap Rebound(Profit Hunter)

Jul 9, 2019

As the sense of normalcy returns to the markets, the rebound in the quality smallcaps could be huge.

2 Stocks from Super Investor Sanjay Bakshi's Portfolio You Can Bet On...(The 5 Minute Wrapup)

Jul 12, 2019

Despite the current fear prevailing in the markets, both these stocks have the potential to deliver in 4-5 years.

The Electric Vehicle Disruption is Great News for this Smallcap Stock(Profit Hunter)

Jul 15, 2019

While big auto makers are finding the transition difficult and crying foul, this small cap company is already leading and benefitting from the electric vehicle disruption in the auto sector.

Budget an Icing on the Cake for This Smart Money Backed Affordable Housing Stock(The 5 Minute Wrapup)

Jul 10, 2019

Affordable housing is one of the most straightforward growth stories in India. This will help the real estate sector to come out of the slump.

7 Stocks to Profit From an Irreversible Trend(The 5 Minute Wrapup)

Jul 18, 2019

Credit growth is likely to accelerate in India in the next decade. Here's how you can benefit from this megatrend.


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


Jul 22, 2019 09:35 AM