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?  

RBI Rate Cut, Cochin Shipyard IPO and Top Stocks in Action Today
Thu, 3 Aug Pre-Open

On Wednesday, the share markets in India traded on a cautious note throughout the day, and declined in the last hour of trade as the Reserve Bank of India's (RBI) monetary policy statement failed to enthuse investor sentiment.

The BSE Sensex closed lower by 98 points to end at 32,476 while the broader NSE Nifty ended the day lower by 33 points to close at 10,082.

IT stocks were among the top losers on Tuesday as Infosys, TCS, Wipro ended the day in red, while NTPC, Lupin and Hero Motor Corp were the major gainers.

RBI Cuts Key Interest Rates

The RBI monetary policy committee (MPC) announced a 25 basis points cut in the policy rate citing a sharp fall in inflation. As per Livemint, RBI noted that there are several uncertainties to the inflation trajectory such as farm loan waiver impact on state finances and maintained the neutral stance of monetary policy. This is the first rate cut since October 2016 and the interest rate is now at a 6-year low.

While a rate cut may lead to some volatility in the share markets today, one would do well to not be affected by the short-term volatility.

At Equitymaster, we do not attempt to predict how and when macroeconomic developments will unfold. Instead, we focus all our energy on understanding the underlying business strength of companies.

In fact, the ValuePro team is always on the lookout for all-weather stocks whose fortunes are not tied to economic cycles.

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.

Top Stocks in Action Today

Lupin share price will be in focus again today after the pharma major declared its results for the June quarter. The company posted a 59% drop in consolidated net profits, however it managed to hold on to its earlier gains on the back of approval from US drug regulator for its generic lidex ointment.

Coal India share price is likely to be in focus today after the state-owned coal miner missed its April-July output target. The miner produced 155.4 million tonnes (mt) of coal in the April-July period as against the target of 168 mt. Production in July was 36.6 mt as against the target of 37.6 mt.

Banking sector stocks will be in focus today as the effects of the RBI's decision to cut rates will continue to price in.

Company Earnings That Will Drive Indian Markets Today

Companies which will be reporting June quarter earnings today include Bajaj Electricals, Ceat ltd, ICRA, PNB Housing Finance, Titan among others.

Oil Prices Back to Below US$ 50 per Barrel

Oil prices fell over 1% on Wednesday as a surprise rise in US fuel inventories pulled the US crude back below US$ 50 per barrel, while the ongoing pumping of oil from OPEC weighed on the international prices.

Cochin Shipyard IPO Oversubscribed on Second Day

The initial share sale offer of Cochin Shipyard was oversubscribed 1.4 times on the second day of bidding yesterday.

The IPO received bids for 4,77,48,420 shares against the total issue size of 3,39,84,000, data available with the NSE showed.

Do the company's fundamentals justify the price it is asking? Should you subscribe to it? Read on to find out.

However, we don't need thousands of IPOs to get rich. That's not how super investors make their fortunes. But a few good IPOs could certainly become the multibaggers in your portfolio in a few years.

We have reviewed each of them and have released their recommendation notes. You can check the same on their IPO page.

Download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the 2017 IPO rush.

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 "RBI Rate Cut, Cochin Shipyard IPO and Top Stocks in Action Today". Click here!


Views on News

Why Rising Bond Yields Spooked the Market (Fast Profits Daily)

Mar 2, 2021

The stock market has been worried about rising bond yields recently and for good reason. In this video, I'll tell you why.

Bond Yields Are Surging. What Should Be Your Debt Funds Strategy (Outside View)

Mar 2, 2021

Bond Yields are surging. PersonalFN explains the outlook for Debt Markets and what should be your debt funds strategy in a rising interest rate scenario.

Such China Challenger Stocks are STILL Ignored and Undervalued (Profit Hunter)

Mar 2, 2021

Don't mistake defence stocks to be the only China challengers.

Beware the Ides of March (Fast Profits Daily)

Mar 1, 2021

The month of March is usually difficult for traders. This time it will be even more so. Find out why in this video.

UTI Nifty200 Momentum 30 Index Fund: Aims to Benefit from Momentum Investing Strategy (Outside View)

Mar 1, 2021

PersonalFN analyses the features of UTI Nifty200 Momentum 30 Index Fund and explains the potential this fund has to offer to its investors.

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.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

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...


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 2, 2021 (Close)