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?  

The Bull Run in Indian Stock Markets, National Fertilisers OFS, and Top Cues in Action Today
Thu, 27 Jul Pre-Open

Share markets in India closed at their life-time highs yesterday, with Nifty50 settling above the 10,000-mark for the first time. At the closing bell, the BSE Sensex closed higher by 154 points. While, the NSE Nifty finished higher by 56 points. Meanwhile, the S&P BSE Midcap Index and the S&P BSE Small Cap Index ended up by 0.2% & 0.3% respectively.

Gains were largely seen in metal sector and capital goods sector.

The recent rally in the stock markets is triggered by good monsoon, cooling inflation, and the quarterly earnings season.

We still have some way to go before this bull market ends.

Our Sensex 40,000 call implies a Nifty level of about 12,375. Already, brokerages are predicting Nifty 12,000. Dalal Street is warming up to the idea of Sensex 40,000.

Stocks at Expensive Valuations - Are there Any Opportunities Left?

While Indian indices are scaling new highs, one must note that the above rise in Indian stock markets has also led many stocks to trade at expensive valuations.

But even as the Equitymaster analysts grow increasingly wary of market valuations, their bottom-up approach continues to uncover new opportunities.

For instance, Richa's Hidden Treasure team has uncovered a batch of small caps that could lead to what Richa calls 'backdoor profits'. Download a copy of Richa's new FREE report, Backdoor Profits - The Small-Cap Way to Big Returns, to know about these stocks.

Just Released: Multibagger Stocks Guide
(2017 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Impact of US Federal Reserve Policy

Market participants are also gauging what impact the US Federal Reserve policy review may have on financial markets.

US Federal Reserve rate hikes generally have a negative impact on emerging economies. But India is currently seen as better equipped than other emerging markets to ride the impact of higher US interest rates. That's largely because of its stronger economic growth and impressive foreign exchange reserves.

Foreign portfolio investors may not drain funds from India in a knee-jerk reaction to the Fed rate hike, as that would mean missing out on the enormous growth opportunities Indian markets offer.

National Fertilisers Ltd Offer for Sale

Investors are keeping a close watch on the National Fertilisers Ltd offer-for-sale (OFS) through which the government is selling 15% stake at a floor price of Rs 72.8 a share.

The OFS got good response in yesterday's trade, with the portion reserved for institutional investors getting oversubscribed.

The OFS will open for retail investors today.

Top Stocks in Focus

The stock of Federal Bank is expected to be in focus in today's trade as it declared its results for the quarter ended June 2017. While the bank posted a 26% YoY rise during the quarter, provision for bad loans rose and weighed on the stock. Gross bad loans as a percentage of total loans rose to 2.42% at end-June, compared with 2.33% at March-end.

Share price of Yes Bank too is expected to be in the buzz today as the company reported a 32% YoY rise in net profits during the quarter ended June. Also, gross bad loans as a percentage of total loans fell to 0.97% at end-June from 1.52% at March-end.

Market participants will also be keeping tabs on share price of ITC as the company is going to announce its Q1FY18 earnings today. The key factor to watch out for would be the cigarette business of the company which has been in the limelight of late after the Goods and Services Tax (GST) Council decided to increase the cess on cigarettes. The stock had witnessed selling pressure last week after this development.

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 "The Bull Run in Indian Stock Markets, National Fertilisers OFS, and Top Cues in Action Today". Click here!


Views on News

Charge Your Portfolio with this Smallcap Proxy Play on India's EV Revolution (Profit Hunter)

Mar 5, 2021

This could be the biggest wealth creator of the decade.

Inflation & Your Investments (Fast Profits Daily)

Mar 4, 2021

Inflation is the buzz word in the world of finance these days. It impacts all of us. Here's how it affects your investments.

What India's Positive GDP Reading Means for Your Equity Mutual Fund Investments (Outside View)

Mar 4, 2021

Given the risks involved, we may witness a sort of 'W-shaped' recovery wherein we would dip again before moving up, explains Rounaq Neroy in this edition of the Daily Wealth Letter.

I'm Back to Where It All Started (Profit Hunter)

Mar 4, 2021

Join us in welcoming research analyst, Aditya Vora, to Equitymaster.

Dollar at 80? (Fast Profits Daily)

Mar 3, 2021

Can the rupee depreciate to 80 against the US dollar? In this video, I'll show you what the charts say.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market (Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project (Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

How Much Money For Day Trading? (Fast Profits Daily)

Feb 22, 2021

In this video, I'll show you how to allocate your capital as a day trader.


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


Mar 5, 2021 09:46 AM