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?  

Markets will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

Stock markets surge upwards
Wed, 1 Jul 11:30 am

The Indian stock market indices have surged upwards on positive macroeconomic data. The core sector index - which measures the output of eight key infrastructure-related industries of coal, crude oil, electricity, natural gas, refinery products, fertilisers, steel and cement rose 4.4% in May. Buying interest is highest in capital goods stocks.

The BSE-Sensex is trading up by 207 points (0.75%) and the NSE-Nifty is trading up by 70 points (0.83%). The BSE Mid Cap index is trading up by 136 points (1.27%), while the BSE Small Cap index is trading up by 145 points (1.31%). The rupee is trading at 63.62 to the US dollar. Gold and Silver are trading at Rs 26,504 per 10 grams & Rs 35,550 per kilogram respectively.

Stocks in Automobiles sector are trading on a positive note with Eicher Motors and Ashok Leyland leading the winners. Hero MotoCorp on Tuesday launched a new version of its premium motorcycle 'Xtreme Sports'. The launch has been made to regain the market share in the premium segment. The volumes in the premium segment have declined by 9.23% in FY 15. The company has made efforts to improve the style quotient by modifying the headlamp with twin LED pilot lamps and winkers and has provided a new digital analog console which improves the instrument cluster visibility. It is also equipped with tubeless tyres which would enhance the safety of the rider. The company is set to roll out a big mutli-media campaign with actor Ranbir Kapoor as its brand ambassador to promote the product. Hero MotoCorp is trading down by 0.5%.

Stocks in FMCG sector are trading on a positive note with Emami and Pidilite industries leading the winners. The Bombay High Court in its order on Tuesday granted permission to Nestle to export its 'Maggi' brand of noodles. The Food Safety and Standard Authority of India (FSSAI) had banned the production, processing, import, distribution and sale of the 'Maggi' noodles in the country. The ban was imposed as excessive level of lead in the product. Nestle is trading up by 0.2%.

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 "Stock markets surge upwards". Click here!


Views on News

Top 5 Recent IPO Developments You Should Know (Views On News)

May 12, 2021

So far in 2021, IPOs in India have raised nearly US$ 3 bn, the best start to the year since 2018.

How Did Mindtree Perform in Q4FY21? (Company Info)

Apr 20, 2021

Here's the rundown on the company's latest quarterly results.

Top Pick for Next Decade podcast (Views On News)

May 13, 2021

Rahul Shah on his favoured pick for the next decade.

Is Intraday Trading For You? (Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

Beware! Not Every EV Stock Will Be a Tesla (Profit Hunter)

May 13, 2021

Analyse the business models of EV stocks before investing in them.

More Views on News

Most Popular

The Next Smallcap Winners (Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Time to Buy Smallcaps? (Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.


India's #1 Trader
Reveals His Secrets

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


May 12, 2021 (Close)