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?  

Indian Indices Continue Momentum, Key Q1FY20 Results, and Top Stocks in Action Today
Wed, 17 Jul Pre-Open | Monish Vora, TM Team

On Tuesday, share markets in India traded on a positive note throughout the day and ended above the 39,000-mark.

The BSE Sensex closed higher by 234 points to end the day at 39,131. Tata Motors and Yes Bank were among the top gainers.

While the broader NSE Nifty ended up by 73 points to end at 11,661.

Among BSE sectoral indices, realty stocks gained the most by 2%, followed by oil & gas stocks and consumer durable stocks.

--- Advertisement ---
The Next Big Wealth Generation Opportunity

With billions of dollars pouring into their industries...

These 3 cutting edge stocks could create a wave of Indian millionaires.

Today, very few people know about the exponential growth potential of these stocks.

But once the broader market gets a whiff of it... there is no limit to how high their stock prices may rise.

Get the details before others...
------------------------------

Top Stocks in Action Today

Bharat Petroleum Corporation (BPCL) share price will be in focus today as the company has reportedly bought gasoline for Kandla in a rare move to meet demand and plug a supply gap after cancelling an earlier purchase tender.

The company has bought 20,000 tonnes of 91.2-octane grade gasoline at a premium of about US$ 9 a barrel to Singapore quotes on a cost-and-freight basis.

Infosys share price will also be in focus as the company is planning to make an additional investment of US$ 6 million in data preparation software company Trifacta Inc. The board at the meeting approved a follow-on investment of US$ 6 million in Trifacta Inc.

To know more about the company, you can read Infosys' 2018-19 Annual report analysis on our website.

Market participants will also track Cipla share price.

Reportedly, Cipla's wholly owned subsidiary - Cipla EU has entered into a joint venture agreement with Jiangsu Ace bright Pharmaceutical Company (Acebright), China for incorporation of a joint venture (JV) company in China.

--- Advertisement ---
Finally! Here's How You Can Get 1 FREE YEAR of Our Bestselling Smallcap Service...

Ever since the coronavirus crisis abated, and the markets settled down...

Smallcaps have shown great rebound possibility.

That means if you buy the right smallcaps at the right time, you could potentially build LIFE-CHANGING WEALTH over the long-term.

Good News: Righ now, we're offering a select group of readers 1 FREE YEAR of our proven smallcap service...

so that they could take advantage of this rebound opportunity.

Click Here to Know How to Get Your FREE YEAR
------------------------------

Results Corner

HDFC AMC share price has reported 42.2% rise in its net profit at Rs 2.9 billion for the June quarter (Q1FY20) as compared to Rs 2.1 billion for the same quarter in the previous year.

Total income of the company increased by 10.3% at Rs 5.5 billion for Q1FY20 as compared Rs 5 billion for the corresponding quarter previous year.

Federal Bank share price reported a 46.3% year-on-year (YoY) rise in standalone profit at Rs 3.8 billion compared with Rs 2.6 billion in the same quarter last year. Net interest income (NII) for the quarter rose 17.8% to Rs 11.5 billion compared with Rs 9.8 billion in the year-ago quarter.

Gross non-performing assets (NPAs) came in at 2.99% for the June quarter. This was almost the same as 3% in the year-ago quarter, but higher than 2.92% in the March quarter.

Tata Metalik share price has reported 35.4% fall in its net profit at Rs 196.2 million for the quarter under review as compared to Rs 303.9 million for the same quarter in the previous year.

Wipro share price and Tata Elxsi share price will be tracked today as these companies are set to announce their June quarter results.

You can also read our recently released Q1FY20 results: Infosys, TCS, IndusInd Bank.

--- Advertisement ---
Artificial Intelligence: The Next Big Wealth Generating Opportunity

Artificial Intelligence, or AI, is not just a buzzword.

It's real. It's happening. It's all around us.

And that's why we believe it's also the next big wealth creating opportunity.

Now, here's the important thing...

There are ways to ride this AI boom right here in India.

In fact, Tanushree Banerjee's #1 stock is already riding this wave...

I recommend you read all about this opportunity here...

Such opportunities are rare...and that's why I strongly recommend you latch on to it early...

Full details are available here...
------------------------------

Never Ending Woes for the Automobile Sector

Retail sales of automobiles in June, declined by 5.4% year-on-year (YoY), showed data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday.

Showroom sales of passenger vehicles decreased by 4.6% YoY to 2,24,755 units as most of the manufacturers have been reluctant to push more vehicles with the dealers.

According to data released by Society of Indian Automobile Manufacturers (SIAM), the wholesales passenger vehicle segment declined significantly by 17.5% to 2,25,732 units led by 24% fall in passenger car sales to 1,39,628 units and utility vehicles by 0.9% to 72,917 units.

Note that auto sales have been hit ever since the liquidity crisis in the finance sector. Lack of demand due to illiquid market and weak consumption appetite led to steep fall in sales.

How this all pans out remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

From the Commodity Space...

Crude oil witnessed selling pressure yesterday. Losses were seen after news reported more production facilities returned to operation in the US Gulf after Hurricane Barry swept through over the weekend.

Also, Chinese economic data dimmed the outlook for crude demand.

Speaking of crude oil, catch Vijay Bhambwani talk about the impact of hike in excise duty and taxes on fuel in India. As per him, trading in crude oil offers excellent opportunities in nearly all market conditions due to its unique standing within the world's economic and political systems.

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 "Indian Indices Continue Momentum, Key Q1FY20 Results, and Top Stocks in Action Today". Click here!

  

Stock Market Updates

NBCC (INDIA) LTD Share Price Up by 7%; BSE REALTY Index Up 1.2% (Today's Market)

Aug 13, 2020 03:34 PM

NBCC (INDIA) LTD share price is trading up by 7% and its current market price is Rs 26. The BSE REALTY is up by 1.2%. The top gainers in the BSE REALTY Index are NBCC (INDIA) LTD (up 6.5%) and INDIABULLS REAL EST (up 9.4%). The top losers are SOBHA LIMITED (down 0.4%) and GODREJ PROPERTIES (down 0.5%).

TUBE INVESTMENTS OF INDIA LTD at All Time High; BSE CAPITAL GOODS Index Up 3.9% (Today's Market)

Aug 13, 2020 03:34 PM

TUBE INVESTMENTS OF INDIA LTD share price has hit an all time high at Rs 596 (up 7.7%). The BSE CAPITAL GOODS Index is up by 3.9%. Among the top gainers in the BSE CAPITAL GOODS Index today are TUBE INVESTMENTS OF INDIA LTD (up 7.7%) and HONEYWELL AUTOMATION (up 1.2%). The top losers include V GUARD INDUSTRIES (down 0.3%) and HEG (down 0.4%).

SONATA SOFTWARE Share Price Up by 5%; BSE IT Index Up 0.1% (Today's Market)

Aug 13, 2020 03:32 PM

SONATA SOFTWARE share price is trading up by 5% and its current market price is Rs 312. The BSE IT is up by 0.1%. The top gainers in the BSE IT Index are SONATA SOFTWARE (up 5.0%) and ECLERX SERVICES (up 20.0%). The top losers are INFOSYS (down 0.4%) and FIRSTSOURCE SOL. (down 0.7%).

LUX INDUSTRIES LIMITED Share Price Up by 11%; BSE 500 Index Up 0.2% (Today's Market)

Aug 13, 2020 03:18 PM

LUX INDUSTRIES LIMITED share price is trading up by 11% and its current market price is Rs 1,428. The BSE 500 is up by 0.2%. The top gainers in the BSE 500 Index are LUX INDUSTRIES LIMITED (up 10.7%) and VENKYS (I) LIMITED (up 20.0%). The top losers are GUJ. STATE PETRONET and AMARA RAJA BATTERIES .

GSK PHARMA Share Price Up by 5%; BSE HEALTHCARE Index Down 0.6% (Today's Market)

Aug 13, 2020 03:16 PM

GSK PHARMA share price is trading up by 5% and its current market price is Rs 1,540. The BSE HEALTHCARE is down by 0.6%. The top gainers in the BSE HEALTHCARE Index are GSK PHARMA (up 5.2%) and CAPLIN POINT (up 8.2%). The top losers are GRANULES INDIA and ASTRAZENECA PHARMA (down 0.1%).

Indian Indices Erase Gains; Bharti Airtel & Sun Pharma Top Losers (Today's Market)

Aug 13, 2020 12:30 pm

The BSE Sensex is trading down by 23 points, while the NSE Nifty is trading down by 4 points.

View More Indian Share Market News

Most Popular

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.

Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)

Aug 10, 2020

Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?

Forget the Nifty and Sensex for the Next 1 or 2 Years and Focus on These Stocks(Profit Hunter)

Aug 6, 2020

Stocks from the essential small cap space are likely to be outperformers over the next 1 or 2 years.

This 20 Year Cycle Suggests Gold is Set for an August Rally(Profit Hunter)

Jul 31, 2020

The real reason why gold prices will go up more.

More

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

S&P BSE SENSEX


Aug 13, 2020 03:37 PM

MARKET STATS