X

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

MEMBER'S LOGINX

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

Sensex Trades Marginally Higher; Power and Energy Stocks Witness Buying
Tue, 25 Jun 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the power sector and energy sector witnessing maximum buying interest, while IT stocks are trading in red.

The BSE Sensex is trading up by 93 points (up 0.2%), while the NSE Nifty is trading up by 31 points (up 0.3%).

The BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index is trading up by 0.1%.

In the news from the macroeconomic space, the Reserve Bank of India (RBI) has launched a single window for customer complaints relating to banks and non-banking finance companies (NBFCs) through an online portal.

With the help of this portal, customers can file a complaint and track its status. The complaints will be directed to the appropriate office of the Ombudsman or regional office of the RBI. Customers can also file an appeal against the decision of the Ombudsmen if need be.

The Complaint Management System (CMS) application that facilitates this feature was unveiled by the RBI on June 24, with an aim to speed up the process of customer grievance redressal. The portal is accessible on desktop as well as mobile devices.

--- Advertisement ---
Why This Could Be The Most Important Book You'll Ever Read…

The Secrets Identifying  10X StocksIf you're one of those who believes India is destined to become a global superpower, then here's some good news…

We believe a rare economic phenomenon could push the Sensex past 100,000 and give regular folks an opportunity to make BIG returns.

Our new hardbound book on it provides the full scoop. And for a limited time, you could get a copy of this book worth Rs 1,950 virtually FREE.

This could be the most important book you'll ever read.

And nearly 2,000 copies of it have been claimed already. So don't delay.

Click here for full details now…
------------------------------

RBI said that CMS can generate various reports to monitor and manage complaints that pertain to each entity and such data will be used by the central bank for regulatory and supervisory interventions.

The above move is certainly a step towards removing the inefficiencies in the banking and NBFC sector.

Speaking of NBFC space, the liquidity crisis, a slew of corporate defaults, and the bloodbath in many stocks from this sector has left investors in deep fear and panic.

However, it is not that all NBFCs have fared badly.

In a recent edition of The 5 Minute WrapUp, Ankit Shah has picked the top three NBFC gainers and losers (in terms of market capitalisation) over the last one year.

As can be seen in the chart below, while several NBFCs have suffered badly and destroyed investor wealth, there have also been quality NBFC stocks that have been wealth creators.

NBFC Crisis - Top Gainers and Losers

NBFC Crisis - Top Gainers and Losers

So, as Ankit shares, the key takeaway here is to never write off an entire sector and to always stay on the lookout for quality stocks in sectors going through temporary headwinds.

In fact, in Ankit's premium newsletter Insider, one of his cherry-picked housing finance stock has performed quite well despite the NBFC crisis.

In the news from pharma sector, Alembic Pharma share price is in focus today. The stock of the company is witnessing buying interest after it announced it has received approval from the US health regulator for Oseltamivir Phosphate capsules, used for treatment of influenza infection.

The company in a BSE filing stated the approval from the United States Food and Drug Administration (USFDA) is for the company's abbreviated new drug application (ANDA) for Oseltamivir Phosphate Capsules USP in the strengths 30 mg, 45 mg and 75 mg.

The approved product is therapeutically equivalent to the reference listed drug (RLD), Tamiflu Capsules of Hoffman-La Roche, Inc.

As per the data, Oseltamivir Phosphate capsules has an estimated market size of US$ 647 million for 12 months ending December 2018.

Note that Alembic Pharma currently has a total of 97 ANDA approvals (85 final approvals and 12 tentative approvals) from USFDA.

In the news from the FMCG sector, Emami share price was also in focus today. This came as shares of the company witnessed buying interest after eight consecutive sessions of losses.

The buying was seen a day after promoters sold 10% of their equity holdings in the company for Rs 12.3 billion to pare debt.

Data yesterday showed that around 34.6 million shares, representing 7.6% of Emami's total equity capital, changed hands on the BSE through block deals.

As of March 2019, out of 62.7% promoters' holding in Emami, 47.7% stake were pledged with the lenders. According to exchange filings, Emami promoters have pledged shares with Axis MF AMC, Tata Capital Financial Services, IndusInd Bank, DCB Bank, Hero Fincorp and others.

Earlier in February, Emami had said its promoters sold 10% stake in the company for Rs 16 billion to reduce promoter debt which was used in creation of assets like cement, solar power, etc.

Funds like SBI Mutual Fund, Premji Invest, Amundi, IDFC and others, were the buyers, thereby reducing the promoter holding in Emami to 62.7% from 72.7% as on December 31, 2018.

To know more about the company, you can read Emami's Q4FY19 Result Analysis on our website.

And 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

Equitymaster requests your view! Post a comment on "Sensex Trades Marginally Higher; Power and Energy Stocks Witness Buying". Click here!

  

Stock Market Updates

Sensex Ends 228 Points Higher; Metal and Energy Stocks Witness Buying (Today's Market)

Aug 23, 2019 Closing

While the BSE Sensex closed higher by 228 points, NSE Nifty closed higher by 88 points.

INFO EDGE Plunges by 5%; BSE IT Index Up 1.1% (Today's Market)

Aug 23, 2019 03:26 PM

INFO EDGE share price has plunged by 5% and its current market price is Rs 2,019. The BSE IT is up by 1.1%. The top gainers in the BSE IT Index are TATA ELXSI (up 7.2%) and ORACLE FINANCIAL (up 4.2%). The top losers are INFO EDGE (down 5.4%) and PERSISTENT SYSTEMS (down 5.3%).

ESCORTS LIMITED Surges by 5%; BSE AUTO Index Up 1.5% (Today's Market)

Aug 23, 2019 03:20 PM

ESCORTS LIMITED share price has surged by 5% and its current market price is Rs 454. The BSE AUTO is up by 1.5%. The top gainers in the BSE AUTO Index is ESCORTS LIMITED (up 5.2%). The top losers is EICHER MOTOR (down 1.1%).

CASTROL INDIA Surges by 5%; BSE OIL & GAS Index Up 3.4% (Today's Market)

Aug 23, 2019 03:16 PM

CASTROL INDIA share price has surged by 5% and its current market price is Rs 120. The BSE OIL & GAS is up by 3.4%. The top gainers in the BSE OIL & GAS Index are CASTROL INDIA (up 5.1%) and BPCL (up 5.2%). The top losers [TOPLOSERS].

GE POWER INDIA LTD Surges by 11%; BSE CAPITAL GOODS Index Down 0.3% (Today's Market)

Aug 23, 2019 03:14 PM

GE POWER INDIA LTD share price has surged by 11% and its current market price is Rs 822. The BSE CAPITAL GOODS is down by 0.3%. The top gainers in the BSE CAPITAL GOODS Index is GE POWER INDIA LTD (up 10.7%). The top losers are ELGI EQUIPMENTS (down 0.1%) and THERMAX (down 0.2%).

VODAFONE IDEA Surges by 10%; BSE 500 Index Up 0.9% (Today's Market)

Aug 23, 2019 02:26 PM

VODAFONE IDEA share price has surged by 10% and its current market price is Rs 6. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are VODAFONE IDEA (up 10.1%) and STERLITE TECH. (up 13.3%). The top losers are PAGE INDUSTRIES and GSK CONSUMER (down 0.1%).

View More Indian Share Market News

Most Popular

This 60-Year Old Smallcap Company Could Be Our Next Recommendation(The 5 Minute Wrapup)

Aug 12, 2019

My experience at the recent AGM of this smallcap company which has financials of any FMCG major.

Interest Rates Are Low. Buy Solid Dividend Stocks Instead(The 5 Minute Wrapup)

Aug 13, 2019

The dividends paid by these stocks are helpful when interest rates are falling.

My Top 3 Dividend Stocks to Buy Now(Profit Hunter)

Aug 19, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Smallcaps that Will Outperform in the Market Rebound(Profit Hunter)

Aug 12, 2019

Only These Smallcaps Will Give Historic Returns in the Future.

One Stock You Could Consider Buying Now and Holding Forever(The 5 Minute Wrapup)

Aug 22, 2019

If there is one company that I could recommend that is making the most of the tech disruption, this would be it.

More

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

S&P BSE SENSEX


Aug 23, 2019 (Close)

MARKET STATS