Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

Oil Prices Amid G20 Summit, Global Stock Market Drivers and Top Stocks to Watch Out Today
Fri, 28 Jun Pre-Open | Rini Mehta, TM Team

The Indian share markets ended with marginal cuts on the last day of the June Futures & Options (F&O) series in Thursday's volatile session.

The benchmark S&P BSE Sensex was little changed from its previous day's close, up 6 points to 39,586, with Tech Mahindra, HCL Tech, Reliance Industries, ITC, and Infosys the biggest BSE losers.

In a volatile session, Sensex rose to 39,817 while Nifty reclaimed the 11,900 level but failed to hold the same.

Top Stocks in Focus

Sun pharma share price will be in focus as its wholly owned subsidiary has entered into an exclusive licensing agreement with a subsidiary of China Medical System Holdings (CMS) for the development and commercialization of Cyclosporine A 0.09% (CsA) eye drops for dry eye disease in Greater China.

--- Advertisement ---
Nearly 2,000 Folks Have Grabbed This Hardbound Book Already!

The Secrets Identifying  10X Stocks This hardbound book reveals how to potentially profit from a once-in-2000 years economic phenomenon.

And it's retailing for Rs 1,950 on Amazon right now.

But nearly 2,000 folks have grabbed a copy of it for virtually FREE.

And now, YOU too can do the same if you act fast.

To find out how, just click here…

Larsen & Toubro's (L&T) subsidiary, L&T Heavy Engineering (LTHE) has won twin orders from Oil & Natural Gas Corporation (ONGC). The secured order is in the range of Rs 25 to 50 billion.

Welspun India will hog limelight today as the company has signed joint venture agreement with Sense Organics Import & Trading GmbH, Germany.

Aurobindo Pharma's Nellore unit received 'No Action Indicated' tag from US Food and Administration. USFDA completed its audit at Nellore unit on April 19.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Global Stock Market Drivers

US equity futures were mixed on Thursday and European stocks turned lower amid edgy trading in the build-up to a potentially pivotal G-20 meeting in Japan. Treasuries reversed a small drop and gold pared a decline.

Contracts for all three of the main US gauges had been solidly up, but those for the Dow Jones Industrial Average dropped as Boeing fell in pre-market trading after the FAA found new risks related to its grounded 737 Max.

S&P 500 and Nasdaq 100 futures pared some of their gain and Treasuries turned higher when the Wall Street Journal reported that China's insistence the US lift a ban on technology sales to Huawei will be included in President Xi Jinping's terms for a trade truce.

The Saturday sit-down between President Donald Trump and Xi in Osaka, Japan, looms as a key event for markets, with reports about a tariff pause contrasting with Trump's repeated reminders that more duties are possible.

The nervous trading and reaction to the Wall Street Journal report helped underscore the stakes. Separately, the president picked another trade fight with India before a Friday meeting with Prime Minister Narendra Modi and Japan's Shinzo Abe.

Oil Prices Slip

Oil prices fell on Thursday to erase some of the previous session's strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.

Brent crude futures were down 42 cents, or 0.6%, at US$66.07.

US West Texas Intermediate (WTI) crude futures were down 0.6%, at US$59.05.

Oil prices rose more than 2% on Wednesday to their highest in about a month, buoyed by US government data showing a larger-than-expected drawdown in crude stocks as exports hit a record-high and surprise drops in refined product stockpiles.

From the IPO Space...

IndiaMART InterMESH's IPO was subscribed more than 36 times on Wednesday, its final day of issue.

The IPO comprised an offer for sale (OFS) by promoters.

Delhi-based IndiaMart InterMESH is an online marketplace and business-to-business (B2B) classifieds platform.

The IPO opened for subscription on Monday, and closed on Wednesday, June 26.

The Rs 4.8 billion IPO of IndiaMart InterMESH comprised an offer for sale (OFS) by promoters, which means the company will not get any proceeds from public issue. After the issue, the promoters' holding will be reduced to 53% from 58%.

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 "Oil Prices Amid G20 Summit, Global Stock Market Drivers and Top Stocks to Watch Out Today". Click here!


Stock Market Updates

VA TECH WABAG Share Price Up by 17%; BSE CAPITAL GOODS Index Up 3.2% (Today's Market)

Aug 10, 2020 03:35 PM

VA TECH WABAG share price is trading up by 17% and its current market price is Rs 151. The BSE CAPITAL GOODS is up by 3.2%. The top gainers in the BSE CAPITAL GOODS Index are VA TECH WABAG (up 17.3%) and HINDUSTAN AERONAUTICS (up 8.3%). The top losers are THERMAX (down 0.2%) and AIA ENGINEERING (down 0.4%).

STRIDES PHARMA SCIENCE Share Price Up by 15%; BSE HEALTHCARE Index Up 4.8% (Today's Market)

Aug 10, 2020 03:35 PM

STRIDES PHARMA SCIENCE share price is trading up by 15% and its current market price is Rs 616. The BSE HEALTHCARE is up by 4.8%. The top gainers in the BSE HEALTHCARE Index are STRIDES PHARMA SCIENCE (up 14.9%) and PFIZER (up 5.1%). The top losers are ALKEM LABORATORIES (down 0.1%) and FORTIS HEALTHCARE (down 0.3%).

CYIENT Share Price Up by 6%; BSE IT Index Up 0.3% (Today's Market)

Aug 10, 2020 03:35 PM

CYIENT share price is trading up by 6% and its current market price is Rs 362. The BSE IT is up by 0.3%. The top gainers in the BSE IT Index are CYIENT (up 5.9%) and TAKE SOLUTIONS (up 12.0%). The top losers are NIIT TECHNOLOGIES and WIPRO (down 0.1%).

PC JEWELLER Share Price Down by 5%; BSE 500 Index Up 0.8% (Today's Market)

Aug 10, 2020 03:35 PM

PC JEWELLER share price is trading down by 5% and its current market price is Rs 18. The BSE 500 is up by 0.8%. The top gainers in the BSE 500 Index are HIMACHAL FUTURISTIC (up 20.0%) and EMAMI LTD (up 20.0%). The top losers are PC JEWELLER (down 5.0%) and BIRLA CORPORATION (down 7.4%).

BOMBAY BURMAH Share Price Up by 12%; BSE 500 Index Up 0.7% (Today's Market)

Aug 10, 2020 03:21 PM

BOMBAY BURMAH share price is trading up by 12% and its current market price is Rs 1,533. The BSE 500 is up by 0.7%. The top gainers in the BSE 500 Index are BOMBAY BURMAH (up 11.8%) and DIVIS LABORATORIES (up 11.9%). The top losers are MAHARASHTRA SEAMLESS and WELSPUN CORP .

Indian Indices Extend Gains; M&M, L&T and Cipla Surge Over 6% (Today's Market)

Aug 10, 2020 12:30 pm

The BSE Sensex is trading up by 381 points, while the NSE Nifty is trading up by 122 points.

View More Indian Share Market News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

How to Buy Stocks at 50% Off(Fast Profits Daily)

Aug 7, 2020

In this video I'll show you how to enter into a long trade at the right price.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Aug 10, 2020 (Close)