Sensex Opens Higher; Consumer Durables & Bank Stocks Lead

Thu, 21 Jun 09:30 am

   Previous Close   

   Pre-Open   

   12:30 pm   

   Closing   

Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.8% while the Hang Seng is down 0.4%. The Shanghai Composite is trading flat. On Wednesday, US markets ended the day mixed with the Nasdaq Composite closing at a record high and the Dow trapped in its longest losing streak since March 2017 as US trade concerns lingered.

Back home, India share markets opened the day on a positive note. The BSE Sensex is trading up by 94 points while the NSE Nifty is trading up by 30 points. The BSE Mid Cap index and BSE Small Cap index both opened up by 0.2%.

Barring power stocks, healthcare stocks & metal stocks, all sectoral indices have opened the day in green with consumer durables stocks and bank stocks witnessing maximum buying interest. The rupee is trading at 68.08 to the US$.

It's been almost five & a half months of 2018.

While the BSE-Sensex has increased marginally so far, the mid and small cap indices have fallen between 10% and 12%.

Uncertain Times for the Benchmark Index

But that's just the indices. Individual mid and small caps have fallen much more.

The steep fall in these indices is due to several reasons.

First, there has been some profit-booking in the mid and small cap space. After all, these indices were sharp outperformers in 2017. Second, rising crude oil prices and a falling rupee have taken a toll.

And third, there is some pressure in this space due to the re-alignment of investments by mutual fund managers prompted by the recent changes in regulation.

In such an environment, it makes sense for investors to be selective while buying stocks. Focus on value and the underlying fundamentals of the business. Then, they need not worry about the market.

So, what is key to identifying potential multibagger stocks?

Most importantly, are there any stocks right now that could turn out to be multibaggers? Click here to know everything that you need to know right now about mutlibagger stocks...

opened the day on a mixed note with & leading the gainers. As per an article in a leading financial daily, Bharat Heavy Electricals Ltd (BHEL) has bagged two major orders for emission control equipment. The order is worth Rs 10 billion from Telangana State Power Generation Corporation Ltd (TSGENCO).

The orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at TSGENCO's 1x800 MW Kothagudem Thermal Power Station (TPS) and 4x270 MW Bhadradri TPS in Telangana.

The order for Bhadradri TPS also includes modification in Boiler and Electrostatic Precipitators (ESPs) to meet the revised emission norms.

BHEL is presently executing these projects on an engineering, procurement, and construction (EPC) basis.

opened the day up by 0.9%.

To know more about the company, you can access to BHEL's latest result analysis and BHEL stock analysis on our website.

To get more updates on share market, click here.

Moving on to the news from the . IndiGo (Interglobe Aviation Ltd) retained its No.1 spot in terms of market share among India's air passenger careers in May, carrying 4.85 million people during the month.

Reportedly, the low-fare airline commanded a 40.9% market share in May, against 39.8% in April, and 41.2% in May 2017.

The Jet Airways (India) Ltd. came a distant second, with 13.7% market share, flying 1.63 million passengers during the month, as per the data from Directorate General of Civil Aviation (DGCA).

National carrier Air India clocked 12.8% market share, carrying 1.52 million passengers, while SpiceJet, which registered 12.3% market share, carried 1.5 million passengers. Besides, GoAir carried 1.03 million passengers, AirAsia India 648,000, Vistara 471,000 and Jet Lite 182,000.

During May, SpiceJet clocked the highest passenger load factor at 94.8%, meaning nearly 95% of its seats were filled. IndiGo registered a load factor of 91%, while AirAsia India and GoAir registered 89.7% and 89.2%, respectively.

Despite the anticipated spike during the month, growth in comparison with the same period last year was only 17%, as opposed to 26% in April and 28% in March, due to the increase in fuel prices, and travel in particular sectors becoming expensive.

The total number of passengers carried by domestic airlines during Jan-May 2018 was 57.1 million, registering a growth of 22.7%, the reports noted.

IndiGo share price opened the day up by 3.9%.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers