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 Ends 69 Points Higher; Telecom and Realty Stocks Witness Buying
Thu, 4 Jul Closing | Monish Vora, TM Team

Indian share markets traded on a positive note throughout the day and ended marginally higher. Sectoral indices ended on a mixed note with stocks in the telecom sector, realty sector and FMCG sector witnessing buying interest while consumer durable stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 69 points and the NSE Nifty closed up by 30 points. The BSE Mid Cap index ended the day down by 0.2%, while the BSE Small Cap index ended up by 0.1%.

Asian stock markets finished on a mixed note. As of the most recent closing prices, the Hang Seng was down 0.2% and the Shanghai Composite stood lower by 0.3%. The Nikkei 225 was up 0.3%.

The rupee is trading at 68.55 against the US$.

In the news from macroeconomic space, a day before the Union Budget of 2019, Finance Minister Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today.

Here are some of the important pointers from the survey:

The Indian economy is at a 5-year low of 6.8% in 2018-19 and the fourth quarter growth has slumped to 5.8% which is a 17-quarter low.

The Chairman of the Economic Advisory (CEA) Council to the Prime Minister (EAC-PM), Bibek Debroy, welcomed the Economic Survey's emphasis on fiscal consolidation and fiscal discipline and investments, especially private investments, as the growth driver.

--- Advertisement ---
Our Most Successful Summit EVER

We are glad to inform you that this time we break all our past records.

10,064 people watched Richa Agarwal's One Stock Crorepati Summit LIVE.

At the Summit, Richa talked about some stocks that have made a select group of people Crorepatis. They invested in just one stock and ended up becoming Crorepatis in the long run.

At the Summit, Richa also revealed her formula to identify such potential RARE stocks.

Plus, she also released her special report, 'One Stock Crorepati: How to Get Rich With This Little-Known Indian Stock'.

But what does surprise us is that you missed it.

Anyway, you are in luck…

We've arranged for you to watch the recording of the MEGA Summit right now…

Not only that…you can claim all the benefits you have missed.

But you must hurry…because this recording can be pulled back at any moment.

Watch now…
------------------------------

The CEA announced to let private investment increase. This is said to make firms more productive, bringing jobs and increasing exports, making firms able to compete in international markets. Furthermore, as per the CEA, this will increase demand and further investment.

NITI Aayog vice chairman Rajiv Kumar said the Economic Survey reflects the government's resolve to maintain fiscal stability while pushing up GDP growth rates by measures to accelerate private investment.

The Economic Survey showed that those states which were rigid in respect of their labour laws have not only suffered in all dimensions but have also been unable to create enough employment. These states have also failed to attract adequate capital investment which is necessary for job creation.

Jotting down some data, here are a few important numbers from the Economic Survey...

FY20 GDP growth is seen at 7% on stable macroeconomic factors. General fiscal deficit is seen at 5.8% in FY19. GDP growth averaged at a high of 7.5% in last five years.

Farmers may have produced less in FY19 on fall in food prices. And declining non-performing assets (NPAs) should help push capex cycle. The survey is prepared by Chief Economic Adviser Krishnamurthy Subramanian. The Economic Survey projects the state of health of the Indian economy and outlines the challenges.

Prime Minister Narendra Modi said the Economic Survey 2019 outlines a vision to achieve a US$5 trillion economy by 2025.

GST, Jandhan, Aadhaar, Digitisation and Bankruptcy Act could become the pillars to lay the foundation of a US$ 5 trillion economy.

But to double India's GDP within five years, the government will have to be on an overdrive rather than resting on its laurels.

Reforms in agriculture and building infrastructure across the agriculture value chain would be necessary to address the biggest pain points of the economy.

The direct tax mop-up in fiscal 2018, at 6% of GDP, touched a decadal high. But increasing India's tax payer base consistently would be necessary to rid the economy of fiscal paralysis.

Improving Taxpayer Base Necessary for a US$ 5 Trillion Economy

Improving Taxpayer Base Necessary for a US$ 5 Trillion Economy

That's not all.

As per Tanushree Banerjee, there are several goals that the government will need to work on to achieve the US$ 5 trillion mark. You can read about them here: The Trade to Make the Most of India's US$ 5 Trillion Potential

Also, Tanushree states what would the above goal of the government mean for the stock markets. Here's what she wrote...

  • It is certainly wishful thinking to believe that all these goals would be seamlessly achieved. Or that India's GDP would be perched above the US$ 5 trillion mark by the next elections.

    But I believe being anchored to India' GDP goals could be the biggest mistake that stock market investors could make.

    You would rather focus on the plan, progress and execution.

    To put it differently, it is neither the upcoming Budget nor the timeframe for India's US$ 5 trillion GDP goal that should worry you.

    Instead look for stocks that could be the biggest beneficiaries of the economic tailwinds over the next five years. Be it manufacturing, agriculture, defence or even financial sector cleanup, a few businesses will stand head and shoulders above the rest.

    And buying those stocks as and when the stock markets goes through temporary turbulence could be your best wealth creating bet. Not just for the next five years, but possibly for a lifetime.

This is an opportunity to act on what Tanushree calls the Rebirth of India. Something that investors seeking to create permanent wealth for a lifetime simply cannot afford to miss.

In this latest video below, she has talked about the Rebirth of India phenomenon and how 3 specific trends are racing ahead even in these gloomy times...

You can read more on these 3 opportunities here: Defence boom, Infrastructure sector reforms and Electric Vehicle Disruption.

In the news from the finance space, DHFL share price was in focus today as the mortgage lender is planning to ask banks to lend Rs 15 billion (US$217 million) every month to help revive the company.

As per the news, the financier, which has about Rs 800 billion of obligations, will submit the resolution plan on July 10 to a consortium of seven lenders led by state-run Union Bank of India.

The other proposals by the lender include increasing the tenor of some loans and converting part of its debt into equity.

Earlier this week, large lenders to the debt-laden firm agreed to sign an inter-creditor agreement (ICA) on July 5 and considered a resolution plan for the beleaguered firm.

Bankers to DHFL met on Monday and agreed in principle to sign an ICA which is mandatory for any revival plan according to the new framework for restructuring of stressed loans which came into effect from June 7.

It would be interesting to see how this pans out ahead for DHFL. Meanwhile, we will keep you updated on all the developments from this space.

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 Ends 69 Points Higher; Telecom and Realty Stocks Witness Buying". Click here!

  

Stock Market Updates

Sensex Ends Marginally Higher; Automobile and Power Stocks Witness Buying (Today's Market)

Aug 16, 2019 Closing

The BSE Sensex ended the day up by 39 points, while the NSE Nifty closed up by 18 points.

PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Up 0.4% (Today's Market)

Aug 16, 2019 03:34 PM

PIDILITE INDUSTRIES share price has hit an all time high at Rs 1,373 (up 1.7%). The BSE FMCG Index is up by 0.4%. Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 1.7%) and P&G HYGIENE (up 0.2%). The top losers include AVANTI FEEDS (down 0.1%) and COLGATE (down 0.1%).

APL APOLLO TUBES Surges by 6%; BSE CAPITAL GOODS Index Down 0.1% (Today's Market)

Aug 16, 2019 03:32 PM

APL APOLLO TUBES share price has surged by 6% and its current market price is Rs 1,350. The BSE CAPITAL GOODS is down by 0.1%. The top gainers in the BSE CAPITAL GOODS Index are APL APOLLO TUBES (up 6.4%) and SUZLON ENERGY (up 6.7%). The top losers are LAKSHMI MACHINE (down 0.2%) and HONEYWELL AUTOMATION (down 0.4%).

CANARA BANK Surges by 5%; BSE BANKEX Index Up 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

CANARA BANK share price has surged by 5% and its current market price is Rs 237. The BSE BANKEX is up by 0.8%. The top gainers in the BSE BANKEX Index is CANARA BANK (up 5.2%). The top losers is HDFC BANK (down 0.2%).

ECLERX SERVICES Plunges by 5%; BSE IT Index Down 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

ECLERX SERVICES share price has plunged by 5% and its current market price is Rs 519. The BSE IT is down by 0.8%. The top gainers in the BSE IT Index are FIRSTSOURCE SOL. (up 3.5%) and ORACLE FINANCIAL (up 3.2%). The top losers is ECLERX SERVICES (down 5.5%).

DR. LAL PATHLABS LTD Surges by 7%; BSE HEALTHCARE Index Down 0.3% (Today's Market)

Aug 16, 2019 03:22 PM

DR. LAL PATHLABS LTD share price has surged by 7% and its current market price is Rs 1,201. The BSE HEALTHCARE is down by 0.3%. The top gainers in the BSE HEALTHCARE Index are DR. LAL PATHLABS LTD (up 7.1%) and APOLLO HOSPITALS (up 8.1%). The top losers are STRIDES PHARMA SCIENCE (down 0.1%) and SANOFI INDIA (down 0.2%).

View More Indian Share Market News

Most Popular

7 Stocks to Buy in Today's Difficult Market(The 5 Minute Wrapup)

Aug 5, 2019

Credit growth is likely to accelerate in India in the next decade. Here's how you can benefit from this megatrend.

The Perfect Stock in the Rebirth of India(The 5 Minute Wrapup)

Aug 8, 2019

This debt-free, well-managed company is all set to soar.

My Top 3 Dividend Millionaire Stocks(Profit Hunter)

Aug 7, 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.

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.

Qatar is Rearing Cows...this is Good News for India

Aug 9, 2019

Qatar has turned around after the Saudi embargo. This is good news for India.

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 16, 2019 (Close)

MARKET STATS