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 157 Points Higher; Metal and Power Stocks Rally
Wed, 26 Jun Closing | Monish Vora, TM Team

Indian share markets traded on a positive note most of the day and ended higher. Gains were largely seen in the metal sector, power sector and realty sector, while IT stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 157 points (up 0.4%) and the NSE Nifty closed higher by 51 points (up 0.4%). The BSE Mid Cap index ended the day up 0.8% and the BSE Small Cap index ended the day up by 0.5%.

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 1.2% and the Shanghai Composite was down by 0.9%. The Nikkei 225 was down 0.4%.

Speaking of Indian share markets, when it comes to stock market performance, multinational corporations (MNCs) have outperformed the broader market.

The Nifty has a MNC index. This index comprises 15 listed companies. The foreign shareholding in them is over 50% and/or the management control is vested in the foreign company.

--- Advertisement ---
Nearly 2,000 Copies Claimed So Far…Virtually For FREE!

The Secrets Identifying  10X StocksNearly 2,000 copies of Tanushree's new hardbound book have been claimed so far.

It's selling on Amazon for Rs 1,950 right now.

But you could claim your copy now…virtually FREE!

Click here to find out how…

------------------------------

As can be seen in the chart below, this Nifty MNC Index has outperformed the Nifty 50 index in the last five years.

Nifty MNC Index Outperforms the Benchmark Index

Nifty MNC Index Outperforms the Benchmark Index

Why the outperformance?

Sarvajeet Bodas answers this question in the recent edition of The 5 Minute WrapUp. He writes...

  • Generally, MNCs have a vast global experience. These companies have weathered the competition in many markets across the world.

    Also, MNCs generally have strong parentage. This helps create strong brands and gain market share.

    Not to mention MNCs have strong balance sheets. This brings stability during times of market volatility.

    Similarly, in the past, MNCs have demonstrated good capital allocation. Hence they, consistently delivered high returns on capital.

    Finally, MNCs typically have high standards when it comes to board composition, corporate governance, and operational efficiency. All this helps to maximise shareholder wealth.

In Smart Money Secrets, we have recommended such a company from the MNC space.

If you haven't subscribed to Smart Money Secrets yet, you can access the report by signing up here.

In the news from energy sector, NTPC share price was in focus today. The stock of the company witnessed buying interest today after the company announced it had won solar energy projects by UPNEDA.

The state-run power major said it has won 40 megawatt (MW) solar energy projects in an auction conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).

The projects shall be set up under EPC (engineering, procurement and construction) mode and shall add to the installed capacity of NTPC.

In the news from the commodity space, crude oil continued its momentum seen this week and witnessed buying interest today.

Oil prices rose over 1% today to hit their highest in nearly a month as widely-watched data showed US crude stockpiles fell more than expected.

As per the data, US crude stockpiles dropped by 7.5 million barrels in the week ended June 21 to 474.5 million. This compared with analyst expectations for a decrease of 2.5 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.3 million barrels.

Gains were also seen on the back of tensions between Iran and the United States.

Earlier this week, US Secretary of State Mike Pompeo said significant sanctions on Tehran would be announced soon which will be aimed at further choking off resources that Tehran uses to fund its activities in the region.

Market participants will be closely tracking crude oil prices in the coming weeks ahead of the OPEC meet.

The members of the Organization of the Petroleum Exporting Countries (OPEC) have agreed to meet on July 1, followed by a meeting with non-OPEC allies on July 2 where they will discuss whether to extend a deal on cutting 1.2 million barrels per day of oil production that runs out this month.

We will keep you updated on all the developments from this space. Stay tuned.

To know more on crude oil, you can read one of Vijay Bhambwani's recent articles: Is OPEC Dying?

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


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

Equitymaster requests your view! Post a comment on "Sensex Ends 157 Points Higher; Metal and Power Stocks Rally". Click here!

  

Stock Market Updates

NBCC (INDIA) LTD Share Price Up by 10%; BSE REALTY Index Down 0.4% (Today's Market)

Jul 7, 2020 02:24 PM

NBCC (INDIA) LTD share price is trading up by 10% and its current market price is Rs 28. The BSE REALTY is down by 0.4%. The top gainers in the BSE REALTY Index is NBCC (INDIA) LTD (up 10.1%). The top losers are DLF (down 0.9%) and OBEROI REALTY (down 0.9%).

RAIN INDUSTRIES Share Price Up by 12%; BSE 500 Index Up 0.1% (Today's Market)

Jul 7, 2020 01:48 PM

RAIN INDUSTRIES share price is trading up by 12% and its current market price is Rs 92. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are RAIN INDUSTRIES (up 12.4%) and BOSCH (up 12.0%). The top losers are SONATA SOFTWARE and V GUARD INDUSTRIES .

BOSCH Share Price Up by 11%; BSE 500 Index Up 0.3% (Today's Market)

Jul 7, 2020 01:38 PM

BOSCH share price is trading up by 11% and its current market price is Rs 13,556. The BSE 500 is up by 0.3%. The top gainers in the BSE 500 Index are BOSCH (up 11.3%) and MAH. SCOOTERS (up 14.1%). The top losers are JUBILANT LIFE SCIENCES and BLUE STAR .

TATA METALIK Share Price Up by 5%; BSE METAL Index Down 1.3% (Today's Market)

Jul 7, 2020 12:58 PM

TATA METALIK share price is trading up by 5% and its current market price is Rs 518. The BSE METAL is down by 1.3%. The top gainers in the BSE METAL Index is TATA METALIK (up 5.1%). The top losers are HINDALCO (down 0.6%) and NALCO (down 0.9%).

AU SMALL FINANCE BANK Share Price Up by 5%; BSE BANKEX Index Up 0.6% (Today's Market)

Jul 7, 2020 12:32 PM

AU SMALL FINANCE BANK share price is trading up by 5% and its current market price is Rs 625. The BSE BANKEX is up by 0.6%. The top gainers in the BSE BANKEX Index is AU SMALL FINANCE BANK (up 5.0%). The top losers are KOTAK MAHINDRA BANK (down 0.7%) and FEDERAL BANK (down 1.0%).

Sensex Trades on a Volatile Note; Power Grid & ITC Top Losers (Today's Market)

Jul 7, 2020 12:30 pm

The BSE Sensex is trading down by 129 points, while the NSE Nifty is trading down by 45 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...

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

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 7, 2020 (Close)

MARKET STATS