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?  

Indian Indices Trade Marginally Higher; Yes Bank Jumps 9%
Fri, 26 Jul 12:30 pm | Monish Vora, TM Team

Share markets in India have erased their early morning losses and are presently trading on a positive note.

Sectoral indices are trading mixed with stocks in the automobile sector, capital goods sector, and healthcare sector witnessing buying interest, while oil & gas stocks and IT stocks are witnessing selling pressure.

The BSE Sensex is trading up by 109 points while the NSE Nifty is trading up by 37 points. The BSE Mid Cap index is up by 0.5%, while the BSE Small Cap index is trading up by 0.2%.

The rupee is trading at Rs 69.04 against the US$.

Special: How To Become A Crorepati From A Single Stock

Market participants are tracking Maruti Suzuki share price, Bajaj Auto share price, JSW Steel share price, and Force Motors share price as these companies are set to announce their June quarter (Q1FY20) results later today.

You can read our recently released Q1FY20 results: Zee Entertainment, SKF India, Torrent Pharma, Monsanto India, TVS Motors, Jyothy Labs, DCM Shriram, United Spirits.

In news from the automobile sector, Tata Motors share price is witnessing selling pressure today after the automaker's losses more than doubled in the June quarter. The company reported Rs 36.8 billion loss for the quarter against a loss of Rs 18.6 billion in the same quarter previous year.

Consolidated revenue from operations fell 8% year-on-year (YoY) and 29% sequentially to Rs 608.3 billion.

Shares of the company slipped over 4% in early trade today to hit seven-year lows of Rs 138 per share on back of the above news. Tata Motors hit its lowest level since September 13, 2011, when it had touched Rs 136 in the intra-day trade.

Urgent: Why 3 Tiny Companies Could Be On The Verge of a Rebound...

Tata Motors' commercial vehicle (CV) and passenger vehicle (PV) businesses put together reflect a bigger decline in segment-specific revenues when compared with that of Jaguar Land Rover (JLR). The CV and PV businesses posted Q1FY20 revenue of Rs 143.1 billion, declining from Rs 172.9 billion a year earlier.

In comparison, JLR's Q1FY20 revenue fell to Rs 456.6 billion from Q1FY19 revenue of Rs 482.2 billion.

Reacting to the losses, company's CFO said "Q1FY20 was the worst in terms of market demand as the slowdown turned out to be more than what was anticipated. The first quarter saw stress in liquidity and financing for CVs and PVs."

He added that the demand environment in the China market, the single-biggest for JLR where the carmaker had reported a sharp drop of 34% YoY in sales in FY19, is turning stable as the company continued to make interventions.

--- Advertisement ---
Urgent Announcement: AN EXCLUSIVE SPECIAL BROADCAST

We very rarely do this at Equitymaster: Conducting a Mega Summit to reveal the details of a one high potential stock.

You see, our Head of small cap research, Richa Agarwal, has found potentially the best money-making opportunity of the decade...

This opportunity is so BIG that she has decided to do an EXCLUSIVE SPECIAL BROADCAST at 5 pm on 22nd August to reveal the details of this once in a lifetime opportunity...

The great news is that if you act now, you can get access to this special broadcast for FREE.

All you need to do is register and block your seat for right now...

We are expecting this to be the biggest event in Equitymaster's history...

In fact 4,000 people have already claimed their seats for this special broadcast!

So, make sure you do not miss out on this very rare opportunity...

Join 4000+ people and block Your Free Seat for the One Stock Crorepati MEGA Summit Now!
------------------------------

On the domestic front, the total PV sales of Tata Motors declined 29% YoY to 42,034 units in the June quarter. Sale of CVs reported a decline of 15% YoY to 89,845 units last quarter. Revenue from the PV business dropped 6% in the quarter to Rs 31.9 billion.

Speaking of automobiles stocks, BSE Auto index is down 35% since the start of this year.

Multiple factors have affected the auto sector of late.

The liquidity crisis faced by NBFCs, regulatory changes leading to increased costs, new emission norms... they have all taken their toll.

Also, this sector is ripe for disruption with electric vehicles and ride sharing applications.

The coming one year will be a real test for India's auto companies.

It will also tell us if this slowdown is temporary or if there has been a structural change in the sector.

Richa Agarwal, editor of Hidden Treasure believes that the companies which will adapt their business models to the rapidly changing environment will survive and thrive.

In fact, she has picked out 4 Rebound Stocks to profit from the market crash.

Moving on to news from the banking sector, as per reports, TPG Capital's Indian private equity arm Advent International Corporation are among institutional investors that will infuse fresh capital into Yes Bank.

As per an article in a leading financial daily, TPG and Advent International are the front runners. They will most likely invest around US$ 350 million each. The amounts to be invested are currently being negotiated.

The bank will issue new shares through the preferential allotment route to TPG and Advent International to raise the money.

The private lender has met around 76 firms including PE funds, high net-worth individuals and investment managers over the past few months to seek funds.

Earlier this month, Chief Executive Ravneet Gill announced that the bank would raise US$ 1.2 billion and is in discussions with several private equity players.

The bank has exposures to many debt-laden companies currently in the news including Rs 37 billion to Dewan Housing Finance Corporation and Rs 5.5 billion in Jet Airways.

Yes Bank share price is presently trading up by 9.2%.

To know more about the company, you can read Yes Bank's latest result analysis on our website.

And 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 "Indian Indices Trade Marginally Higher; Yes Bank Jumps 9%". Click here!

  

Stock Market Updates

YES BANK Plunges by 5%; BSE BANKEX Index Down 0.4% (Today's Market)

Aug 21, 2019 12:26 PM

YES BANK share price has plunged by 5% and its current market price is Rs 72. The BSE BANKEX is down by 0.4%. The top gainers in the BSE BANKEX Index are CITY UNION BANK (up 0.7%) and HDFC BANK (up 0.3%). The top losers is YES BANK (down 5.1%).

The BSE METAL Index Down 2% ; SAIL Among Top Losers (Today's Market)

Aug 21, 2019 12:20 PM

The BSE METAL Index Down at 8,746 (down 2.1%). Among the top losers in the BSE METAL Index today are SAIL, JINDAL STEEL & POWER and NMDC LTD. Meanwhile, the BSE Sensex has plunged 0.4% to 37,407.

PARAG MILK FOODS LTD Plunges by 5%; BSE 500 Index Down 0.6% (Today's Market)

Aug 21, 2019 12:10 PM

PARAG MILK FOODS LTD share price has plunged by 5% and its current market price is Rs 160. The BSE 500 is down by 0.6%. The top gainers in the BSE 500 Index are NESTLE (up 3.5%) and SUVEN LIFESCIENCES (up 3.0%). The top losers are PARAG MILK FOODS LTD (down 5.2%) and RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD (down 5.2%).

ALLAHABAD BANK Plunges by 5%; BSE BANKEX Index Down 0.1% (Today's Market)

Aug 21, 2019 11:56 AM

ALLAHABAD BANK share price has plunged by 5% and its current market price is Rs 35. The BSE BANKEX is down by 0.1%. The top gainers in the BSE BANKEX Index are CITY UNION BANK (up 1.1%) and HDFC BANK (up 0.6%). The top losers is ALLAHABAD BANK (down 5.3%).

SAIL Plunges by 5%; BSE METAL Index Down 1.7% (Today's Market)

Aug 21, 2019 11:54 AM

SAIL share price has plunged by 5% and its current market price is Rs 35. The BSE METAL is down by 1.7%. The top losers is SAIL (down 5.5%).

Sensex Opens Flat; Realty and Metal Stocks Lag (Today's Market)

Aug 21, 2019 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 45 points, while the Nifty is trading down by 20 points.

View More Indian Share Market News

Most Popular

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.

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.

Super investor Pulak Prasad is Buying Stocks Big Time...and You Should Too(The 5 Minute Wrapup)

Aug 9, 2019

Here's why the relentless correction in the Indian stock markets has not unnerved the big investors.

Smallcaps that Will Outperform in the Market Rebound(Profit Hunter)

Aug 12, 2019

Only These Smallcaps Will Give Historic Returns in the Future.

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 21, 2019 12:35 PM

MARKET STATS