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?  

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?

No.

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


What else is happening in the markets today? Dig in...

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

HINDUSTAN COPPER Share Price Up by 11%; BSE METAL Index Up 3.0% (Today's Market)

Jul 8, 2020 02:00 PM

HINDUSTAN COPPER share price is trading up by 11% and its current market price is Rs 40. The BSE METAL is up by 3.0%. The top gainers in the BSE METAL Index are HINDUSTAN COPPER (up 11.4%) and SAIL (up 12.2%). The top losers is HINDUSTAN ZINC (down 2.7%).

JINDAL STAINLESS (HISAR) Share Price Up by 5%; BSE METAL Index Up 3.0% (Today's Market)

Jul 8, 2020 01:58 PM

JINDAL STAINLESS (HISAR) share price is trading up by 5% and its current market price is Rs 75. The BSE METAL is up by 3.0%. The top gainers in the BSE METAL Index are JINDAL STAINLESS (HISAR) (up 5.2%) and SAIL (up 12.0%). The top losers is HINDUSTAN ZINC (down 2.6%).

MMTC LTD Share Price Up by 10%; BSE 500 Index Up 0.1% (Today's Market)

Jul 8, 2020 12:04 PM

MMTC LTD share price is trading up by 10% and its current market price is Rs 20. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are MMTC LTD (up 10.2%) and SAIL (up 12.0%). The top losers are RAJESH EXPORTS and DABUR .

L&T INFOTECH LTD at All Time High; BSE IT Index Down 1.1% (Today's Market)

Jul 8, 2020 11:48 AM

L&T INFOTECH LTD share price has hit an all time high at Rs 2,060 (up 2.1%). The BSE IT Index is down by 1.1%. Among the top gainers in the BSE IT Index today are L&T INFOTECH LTD (up 2.1%) and ORACLE FINANCIAL (up 0.4%). The top losers include MPHASIS (down 0.8%) and TECH MAHINDRA (down 0.9%).

ZENSAR TECHNOLOGIES Share Price Up by 5%; BSE IT Index Down 1.1% (Today's Market)

Jul 8, 2020 11:42 AM

ZENSAR TECHNOLOGIES share price is trading up by 5% and its current market price is Rs 134. The BSE IT is down by 1.1%. The top gainers in the BSE IT Index is ZENSAR TECHNOLOGIES (up 5.4%). The top losers are MPHASIS (down 0.8%) and TCS (down 0.9%).

Sensex Opens Flat; IT Stocks Lag (Today's Market)

Jul 8, 2020 09:30 am

Indian share markets open mildly higher. The BSE Sensex opened up by 58 points, while the Nifty is trading up by 20 points.

View More Indian Share Market News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

More

India's #1 Trader
Reveals His Secrets

The 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

S&P BSE SENSEX


Jul 8, 2020 01:59 PM

MARKET STATS