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 Flat; Telecom and Energy Stocks Witness Selling
Tue, 30 Jun Closing | Monish Vora, TM Team

After opening the day on a positive note, Indian share markets witnessed selling pressure during closing hours today and ended marginally lower.

Benchmark indices gave up early gains in the last hour of trading, amid negative opening in European markets and weakness in SGX nifty.

In opening trade today, the BSE Sensex rose over 200 points tracking gains from global counterparts that were buoyed by positive macroeconomic numbers in US and China.

At the closing bell, the BSE Sensex stood lower by 46 points. The NSE Nifty closed down by 10 points.

SGX Nifty was trading at 10,259, up by 4 points, at the time of writing.

The BSE Mid Cap index ended the day down by 0.2%, while the BSE Small Cap index ended down by 0.8%.

--- Advertisement ---
Asian Paints offered 2,372%, This Stock Has Similar Potential

Asian Paints stock went from Rs 72 in 2009 to Rs 1,780 now.

A mind-blowing return of 2,372%

Do you know, there is one stock which has similar potential?

A little company which very few people know about.

In fact, Asian Paints itself relies heavily on the technology of this company.

Its stock price is already up by 35% in last one year.

With its entry into a fast growing Rs 4 trillion industry... there is no limit to how high the stock price can potentially go.

More details about this stock will be revealed at our 'One Stock Crorepati' Mega Summit on 17th July.

Click here to sign-up.
------------------------------

Sectoral indices ended on a mixed note with stocks in the telecom sector and energy sector witnessing selling pressure.

Automobile stocks, on the other hand, witnessed buying interest.

Asian stock markets rose today after data showed China's manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis.

Sentiment in the region, which got a boost from overnight gains on Wall Street thanks to strong housing data, got a further lift from a survey in China showing a quickening in activity in its vast factory sector.

As of the most recent closing prices, the Nikkei ended 1.3% higher, while the Shanghai Composite ended up 0.8%. The Hang Seng ended up by 0.5%.

The rupee is trading at 75.51 against the US$.

Gold prices are trading up by 0.2% at Rs 48,347.

URGENT OPPORTUNITY: Top 5 Stocks That Could Potentially Give the First 50-100% Gains Very Fast

Speaking of the current stock market scenario, the last few months have witnessed the kind of shifts that most investors would recall as once in a lifetime.

The Sensex is up 34% from the lows in March 2020. At that time, it had declined by over 20%. That seemed to suggest the start of a bear market.

What's Driving the Markets?

So, what's driving the markets?

As per Richa Agarwal, editor of our premium smallcap service Hidden Treasure, an important driver of this rally is the inflow from global funds, now that the global economies have opened the liquidity tap.

A lot of this money is coming to the mid and smallcap space.

Watch Now : The Instant Income Summit:

In her latest video, Richa shares her thoughts on what this could mean for the rebound in smallcaps and how to make the most of it.

Tune in to find out more...

Moving on, market participants were tracking Vodafone Idea share price.

Shares of the company dipped as much as 5% today, ahead of the announcement of the March quarter results for FY20.

Brokerages are expecting around 6% growth in Vodafone Idea's Q4 revenue on a sequential basis, on the back of 12% rise in average revenue per user (ARPU). While loss is expected to narrow for the quarter, the company may perform well on the operational front.

In news from the realty sector, Omaxe was among the top buzzing stocks today.

Shares of the company were locked in the 20% lower circuit limit for second straight day today.

Omaxe, which was scheduled to announce its January-March quarter (Q4FY20) earnings on June 29, has postponed the same by one month.

The company informed the stock exchange that the board of directors of the company is now scheduled to meet on July 29, 2020 to approve the Q4 results.

The board will also consider and recommend dividend on preference shares and equity shares. It will also approve the enabling resolution for shareholder's approval to undertake fund raising activity.

The stock of the real estate developer was trading at its 52-week low price and has tanked 36% in the past two trading days.

It hit a 52-week high of Rs 222 last week, in intra-day trade on the BSE.

Moving on to news from the power sector, state-run power producer SJVN on Monday reported a 13% decline in consolidated net profit to Rs 4 billion for the January-March quarter compared to the year-ago period.

The consolidated net profit was Rs 4.6 billion in the quarter ended on March 31, 2019.

Total income in the quarter declined to Rs 7 billion from Rs 8.7 billion in the same period last year.

For the year ended 2019-20, the company's consolidated net profit rose to Rs 16.6 billion, from Rs 13.7 billion in 2018-19.

The board has recommended a final dividend of Rs 0.50 per share of 10 each for 2019-20 subject to the approval of shareholders in the ensuing Annual General Meeting.

The final dividend is in addition to the interim dividend of Rs 1.70 per equity share for 2019-20 paid in the month of February 2020.

The company has also approved a consolidated one-time rebate of Rs 578.2 million to the DISCOMs and Power Departments of States/Union Territories for the lockdown period.

SJVN share price ended the day down by 2%.

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 Flat; Telecom and Energy Stocks Witness Selling". Click here!

  

Stock Market Updates

ESCORTS LIMITED at All Time High; BSE AUTO Index Down 0.6% (Today's Market)

Jul 10, 2020 03:30 PM

ESCORTS LIMITED share price has hit an all time high at Rs 1,141 (up 0.8%). The BSE AUTO Index is down by 0.6%. Among the top gainers in the BSE AUTO Index today are ESCORTS LIMITED (up 0.8%) and BAJAJ AUTO (up 0.5%). The top losers include BALKRISHNA INDUSTRIES (down 0.2%) and HERO MOTOCORP (down 0.4%).

LAURUS LABS LTD Share Price Up by 5%; BSE HEALTHCARE Index Up 0.7% (Today's Market)

Jul 10, 2020 03:18 PM

LAURUS LABS LTD share price is trading up by 5% and its current market price is Rs 604. The BSE HEALTHCARE is up by 0.7%. The top gainers in the BSE HEALTHCARE Index is LAURUS LABS LTD (up 5.2%). The top losers are ALKEM LABORATORIES (down 0.1%) and PROCTER & GAMBLE HEALTH (down 0.1%).

GUJARAT GAS Share Price Up by 5%; BSE OIL & GAS Index Up 0.2% (Today's Market)

Jul 10, 2020 03:16 PM

GUJARAT GAS share price is trading up by 5% and its current market price is Rs 306. The BSE OIL & GAS is up by 0.2%. The top gainers in the BSE OIL & GAS Index is GUJARAT GAS (up 5.3%). The top losers are IOC (down 0.3%) and INDRAPRASTHA GAS (down 0.6%).

PERSISTENT SYSTEMS Share Price Down by 5%; BSE IT Index Up 0.1% (Today's Market)

Jul 10, 2020 02:34 PM

PERSISTENT SYSTEMS share price is trading down by 5% and its current market price is Rs 749. The BSE IT is up by 0.1%. The top gainers in the BSE IT Index are FIRSTSOURCE SOL. (up 7.4%) and TCS (up 0.7%). The top losers is PERSISTENT SYSTEMS (down 5.0%).

RELIANCE IND. at All Time High; BSE OIL & GAS Index Down 0.1% (Today's Market)

Jul 10, 2020 01:54 PM

RELIANCE IND. share price has hit an all time high at Rs 1,879 (up 2.7%). The BSE OIL & GAS Index is down by 0.1%. Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 2.7%) and INDRAPRASTHA GAS (up 0.6%). The top losers include IOC (down 0.6%) and PETRONET LNG (down 1.3%).

Sensex Slips 200 Points; IndusInd Bank & HDFC Top Losers (Today's Market)

Jul 10, 2020 12:30 pm

The BSE Sensex is trading down by 213 points, while the NSE Nifty is trading down by 64 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.

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...

A Warning for Traders: Don't Get Addicted to Hopium(Fast Profits Daily)

Jun 30, 2020

If you are a trader, you must watch out for this dangerous addiction.

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

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 10, 2020 (Close)

MARKET STATS