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 Opens Marginally Higher; Capital Goods and IT Stocks Lead
Thu, 15 Jul 09:30 am

Asian share markets are firm today after Federal Reserve Chair Jerome Powell said the US economy was still a ways off from levels the central bank wanted to see before tapering its monetary support.

The Hang Seng is up 1.4% while the Nikkei is trading lower by 0.9%. The Shanghai Composite is trading up by 0.3%.

In US markets, Wall Street indices ended mixed with S&P 500 briefly hitting an intra-day record in a choppy session.

Overall, the Dow Jones Industrial Average rose 0.1% while the Nasdaq Composite dropped 0.2%.

Back home, Indian share markets have opened on a flat note, following the trend on SGX Nifty.

A total of 22 companies, including Wipro, Angel Broking, Tata Elxsi, L&T Infotech and Cyient are scheduled to announce their quarterly earnings today.

The BSE Sensex is trading up by 103 points. Meanwhile, the NSE Nifty is trading higher by 32 points.

L&T and Wipro are among the top gainers today. ONGC, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened up by 0.3%. The BSE Small Cap index is trading higher by 0.5%.

--- Advertisement ---
Govt's 257 Bn Rupees Boost for EVs- Your Chance for Potentially Wild Profits

A few days back, the government announced that it will be pumping a whopping 257 billion rupees into electric vehicle initiatives by 2025.

We urge you to become a part of the EV gold rush that's happening now and gain the early mover advantage.

We have closed in on 3 EV stocks which could potentially hand you over insane profits in the long run.

We will be revealing all the details in one of our upcoming special online event.

Sign Me Up For the FREE Event
------------------------------

Sectoral indices are trading mixed with stocks in the capital goods sector and IT sector witnessing buying interest.

Oil & gas stocks, on the other hand, are trading in red.

Shares of L&T Technology and GHCL hit their 52-week highs today.

The rupee is trading at 74.48 against the US$.

Gold prices are trading down by 0.1% at Rs 48,275 per 10 grams.

Meanwhile, silver prices are trading up by 0.2% at Rs 69,520 per kg.

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani, talks about a recent event that has caused a flutter among Bank Nifty traders, in his latest video for Fast Profits Daily.

The RBI has issued a new 10 year benchmark bond with a higher interest rate. This means banks will have to start attracting deposits at higher costs than before.

How will this affect banking stocks?

Tune in here to find out more:

In news from the automobile sector, carmakers such as Tata Motors and Maruti are looking to leverage subsidies extended by the government to sell more electric cars to cab operators even though the fleet market is struggling due to the impact of Covid-19.

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

Electric cars come at a hefty premium over their CNG or diesel variants, but for cab drivers in states such as Maharashtra, Gujarat and Delhi they cost only marginally higher due to a number of sops extended by state and central governments.

If one combines sops extended by the centre in the form of lower GST and faster adoption and manufacturing of electric (FAME) incentive and those offered by some states, like zero registration fee, an electric compact sedan to be used as a taxi will come at 25-30% discount.

In rupee terms, a benefit of Rs 3-3.5 lakh.

For example, a Tata Tigor EV in Delhi would cost Rs 11-12 lakh without incentives. However, after deducting state and central subsidies along with benefits on zero registration fees, it may cost Rs 7.5-8 lakh on road.

Comparable with a Maruti Suzuki Dzire CNG, that would cost Rs 6.8 lakh to Rs 7.5 lakh in Delhi.

Tata Motors said it plans to launch a range of CNG cars under the brand very soon.

Tata Motors share price and Maruti Suzuki share price have opened the day up on a flat note.

--- Advertisement ---
Meet Rajeev Thakkar: The Man Who Introduced Us Indians to Global Stocks...

Rajeev Thakkar is A Successful Stock Market Investor and CIO of a Top-Ranked Mutual Fund...

He is also among a few rare Indian mutual fund managers who invest not just in Indian stocks...BUT STOCKS ACROSS THE WORLD.

And his keen eye for hunting out undervalued companies by employing a disciplined approach has been instrumental in his fund's stellar performance.

... Thanks to a new approach he developed: Value Investing 3.0

Find out how can you apply the principles of Value Investing 3.0 to protect or grow your wealth when you Register for The Equitymaster Conference Right Now
------------------------------

Moving on to news from the retail sector, Titan is among the top buzzing stocks today.

Ace investor Rakesh Jhunjhunwala has reduced his stake in Titan for the third consecutive quarter.

Titan is one of the widely known stocks in Jhunjhunwala's portfolio.

Jhunjhunwala cut his stake by 0.25% in the company in June 2021 quarter.

He and his wife together held 5.5% stake in Titan as of September 2020, which they reduced to 5.3 percent in December 2020.

Further, it was cut to 5.1% in March 2021. Now, after the June 2021 quarter, their stake in the company stands at 4.8%, according to BSE data.

As per the shareholding pattern June 2021, Rakesh Jhunjhunwala reduced his stake in Titan to 3.72% in June 2021, from 3.97% in March 2021.

His wife's stake remained unchanged at 1.09%.

Meanwhile, LIC raised its stake in Titan to 3.96% in June quarter, from 3.91% in March quarter.

Titan share price has opened the day down by 0.9%.

Speaking of the country's largest watchmaker, here's an interesting data on Titan...

Even a tiny investment of Rs 1,000 per month in the stock of Titan, since 2002, would have led to mouth-watering returns.

Take a look at how the power of compounding has gone wild here...

Here's what Co-head of Research at Equitymaster, Tanushree Banerjee wrote about it in one of the editions of?Profit Hunter:

  • It's possible to accumulate a few crores by investing small amounts in good businesses. Especially when the business is in distress and comes with margin of safety in valuations.

    Like the stock in my latest special report - First Stock to Potentially Rs 7 Crore Long-term Wealth.

    Business headwinds and macro and regulatory issues have kept the stock out of favour in most of 2020.

    Given its pedigree, balance sheet strength and cash flows, the stock has a very high chance of rerating once the temporary clouds of uncertainty disperse.

    In fact, I believe that 2021 could be for this stock what 2004 was for Titan.

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 Opens Marginally Higher; Capital Goods and IT Stocks Lead". Click here!

  

Stock Market Updates

Sensex Trades Lower Tracking Weak Global Cues; IT & Energy Stocks Under Pressure (Today's Market)

Dec 6, 2021 10:30 am

Indian share markets follow global cues and trade lower. The BSE Sensex is down 242 points, while the Nifty is trading lower by 65 points.

SGX Nifty Up 35 Points; Indicates Positive Opening for Indian Stock Markets (Today's Market)

Dec 6, 2021 SGX Nifty

Trends on SGX Nifty indicate a positive opening for Indian stock markets.

Declining FMCG Sales, Shriram Properties IPO, and Buzzing Stocks Today (Today's Market)

Dec 6, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

India's Top 5 Monopoly Stocks to Watch Out for(Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

5 Indian Companies Embracing Blockchain Technology(Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Dec 6, 2021 (Close)

MARKET STATS