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?  

Indian Indices End Flat; Maruti Suzuki and UPL Among Top Nifty Gainers
Tue, 22 Jun Closing

Indian share markets witnessed volatile trading activity today and ended on a flat note.

Benchmark indices climbed off the record highs scaled in the early deals and ended on a flat note, dragged by index heavyweights such as Reliance Industries, Bajaj Finance and Asian Paints along with select financial and real estate counters.

At the closing bell, the BSE Sensex stood higher by 14 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 26 points (up 0.2%).

Maruti Suzuki and UPL were among the top gainers today.

Bajaj Finance and Asian Paints, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,748, up by 20 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended up by 0.3% and 0.8%, respectively.

Sectoral indices ended on a mixed note with stocks in the engineering sector, power sector and auto sector witnessing most of the buying interest.

Realty and banking stocks, on the other hand, witnessed selling pressure.

--- Advertisement ---
This is a Powerful Mega Trend Playing Out in India

We have uncovered a powerful mega trend that is playing out in India right now.

It could potentially generate immense wealth for early movers.

Our co-head of research Tanushree Banerjee has also zeroed in on one specific stock riding this mega trend.

It's her #1 stock pick right now.

And she believes, this could be one of the top stocks to get to potential Rs 7 crore wealth over the long term.

Tanushree will reveal all the details about this mega trend and her #1 stock at her special online event on July 29.

At the event Tanushree will also show you, how to potentially accumulate Rs 7 crore in wealth over the long term.

What you learn at the event could possibly change your financial fortunes forever.

Click here to reserve your FREE seat.
------------------------------

Shares of Venkys and Tata Consumer Products hit their respective 52-week highs today.

Asian stock markets ended on a positive note today.

The Hang Seng ended down by 0.6%, while the Shanghai Composite ended the day up by 0.8%.

The Nikkei ended up by 3.1% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading down by 1 point.

The rupee is trading at 74.36 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 47,118 per 10 grams.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani shares what happened at the Robin Hood Conference, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

In news from the auto sector, Maruti Suzuki was among the top buzzing stocks today.

Shares of the country's largest car maker Maruti Suzuki surged over 5% to hit an intraday high of Rs 7,299 per share on the BSE today, a day after it undertook price hikes for its vehicles.

Maruti Suzuki, will increase car prices in the July-September quarter to offset input price hikes.

Over the past year, the cost of the company's vehicles continues to be adversely impacted due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of additional cost to customers through a price rise. The price rise has been planned in quarter 2 and the increase shall vary for different models', Maruti Suzuki said in a statement.

This will be the second round of price increase by the Delhi-based company in this financial year.

The maker of Swift and Baleno had raised prices by around 1.6% in the April-June quarter. The price was raised to mitigate the jump in input costs.

Apart from that, the country's largest carmaker reported a 71% decline in total sales to 46,555 units in May as compared to 1.6 lakh units in April as a spike in Covid-19 cases and lockdowns across various states hit dispatches.

The company said its domestic dispatches to dealers last month stood at 35,293 units, down 75% from 1.4 lakh units in April.

The auto major had also shut production from May 1 through May 16 so as to divert oxygen from industrial use for medical purposes.

Maruti Suzuki share price ended the day up by 5% on the BSE.

Moving on to news from the IT sector...

Free Signup: The Smallcap Revival Summit

Info Edge Shares Fell 2% on Disappointing March Quarter Results

Info Edge (India), the parent company of subsidiaries such as Naukri.com and Jeevan Saathi, announced its results for the fourth quarter on Monday.

Shares of Info Edge slipped over 2% at Rs 4,853 per share on the BSE today, in an otherwise strong market, after the company witnessed weakness in its operating performance during the quarter.

The company reported 60.2% rise in standalone net profit to Rs 666.8 m on 10.2% fall in net sales to Rs 2.9 bn in the fourth quarter of 2021 against the same period last year.

On a standalone basis, the company's net profit increased by 13.7% to Rs 2.7 bn on a 31.7% decline in net sales to Rs 11 bn in the financial year over the last year.

Its revenue from recruitment solutions segment was at Rs 2 bn, down 13.9% year on year (YoY), revenue from 99acres for real estate was at Rs 500.9 m, down 11.1% YoY in the March quarter.

The company reported a 44.9% YoY decline in operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) at Rs 532 m during the quarter.

However, the company has seen improving billing growth both YoY and quarter on quarter (QoQ).

Billing increased 25.1% YoY and 39.8% QoQ to Rs 4.2 bn during the fourth quarter, mainly led by a 26% YoY growth in recruitment and 41.5% YoY growth in 99 acres billing.

As compared to the quarter four of 2019 (a pre-pandemic quarter), the company's overall billing was up 15%.

--- Advertisement ---
How Fund Managers Spot Winning Stocks

Fund managers don't buy stocks on a whim. They buy only when they can get the best price in the market.

By using Wyckoff Accumulation Analysis, you can get the same edge as fund managers.

Watch this video to learn how to spot winning stocks like fund managers.
------------------------------

Commenting on the results, Mr Chintan Thakkar, CFO said,

  • We have witnessed continued recovery during the quarter, led by billings growth in Naukri India and 99acres by 26.0% and 41.5%respectively, over quarter four billings of financial year 20202.

    As compared with quarter four of fiscal 2019, a pre-pandemic quarter, the billings in Naukri India and 99acres have grown 16.7% and 7.5% respectively.

Info Edge share price ended the day down by 2.2% on the BSE.

Speaking of stocks, here's a pattern that if you see, you must sell your position. After all, exits are more important than entries.

In the chart below, we can see the head and shoulder pattern - the stock goes up, makes a high, falls a little bit, goes up to a higher high, does not make a higher low, rallies again, fails to make a new high, and then starts to break down.


This usually happens in a situation where a stock or index has typically been in a bull trend for a while. Spotting this correctly can help you save money.

If you're interested in trading and want to know how you can use this pattern, you can read about it in one of the editions of Profit Hunter here: It's When You Sell that Counts

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 "Indian Indices End Flat; Maruti Suzuki and UPL Among Top Nifty Gainers". Click here!

  

Stock Market Updates

Sensex Ends 124 Points Lower; JSW Steel and Wipro Among Top Nifty Losers (Today's Market)

Jul 26, 2021 Closing

Indian share markets ended on a negative note with the Sensex down by 124 points and the Nifty ending down by 32 points.

TORRENT PHARMA at All Time High; BSE HEALTHCARE Index Up 0.7% (Today's Market)

Jul 26, 2021 03:06 PM

TORRENT PHARMA share price has hit an all time high at Rs 3,108 (up 1.3%). The BSE HEALTHCARE Index is up by 0.7%. Among the top gainers in the BSE HEALTHCARE Index today are TORRENT PHARMA (up 1.3%) and ABBOTT INDIA (up 0.8%). The top losers include DR. REDDYS LAB (down 0.2%) and THYROCARE TECHNOLOGIES (down 0.3%).

Sensex Trades Marginally Higher, Dow Futures Down by 183 Points (Today's Market)

Jul 26, 2021 12:30 pm

BSE Sensex is trading up by 33 points, while the NSE Nifty is up by 10 points.

CREDITACCESS GRAMEEN Share Price Down by 5%; BSE 500 Index Up 0.1% (Today's Market)

Jul 26, 2021 11:56 AM

CREDITACCESS GRAMEEN share price is trading down by 5% and its current market price is Rs 704. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are CAPLIN POINT (up 15.4%) and MAHINDRA CIE AUTO. (up 11.6%). The top losers are CREDITACCESS GRAMEEN (down 5.4%) and D B CORP (down 5.7%).

ICICI BANK at All Time High; BSE BANKEX Index Up 0.1% (Today's Market)

Jul 26, 2021 11:00 AM

ICICI BANK share price has hit an all time high at Rs 684 (up 0.8%). The BSE BANKEX Index is up by 0.1%. Among the top gainers in the BSE BANKEX Index today are ICICI BANK (up 0.8%) and KOTAK MAHINDRA BANK (up 0.3%). The top losers include AXIS BANK (down 0.1%) and CITY UNION BANK (down 0.3%).

J&K BANK Share Price Up by 5%; BSE BANKEX Index Down 0.4% (Today's Market)

Jul 26, 2021 10:12 AM

J&K BANK share price is trading up by 5% and its current market price is Rs 39. The BSE BANKEX is down by 0.4%. The top gainers in the BSE BANKEX Index are J&K BANK (up 5.5%) and YES BANK (up 5.0%). The top losers are KOTAK MAHINDRA BANK and HDFC BANK (down 0.2%).

View More Indian Share Market News

Most Popular

RBI Opens a New Market for Investors(Fast Profits Daily)

Jul 16, 2021

You now have a new way to create wealth. Grab it with both hands.

A Better Way than the Zomato IPO to Play the Food Delivery Megatrend(Profit Hunter)

Jul 14, 2021

A unique backdoor way of making big profits from smallcap companies.

These Are the Best Stocks to Own(Fast Profits Daily)

Jul 22, 2021

Find out what I think are the best kind on stocks to own in the market.

Heads Up Bank Nifty Traders(Fast Profits Daily)

Jul 14, 2021

The RBI raised bond yields on 10yr benchmark paper. That can impact Bank Nifty traders in the coming days.

India's Vulture Moment Against China(Fast Profits Daily)

Jul 15, 2021

India has a great opportunity to grab market share from China. Profit from it.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jul 26, 2021 (Close)

MARKET STATS