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 Trades in Green; RBI Keeps Repo Rate Unchanged at 4%
Thu, 6 Aug 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading on a positive note, after the RBI kept repo rate unchanged at 4%.

The BSE Sensex is trading up by 265 points, up 0.7% at 37,900 levels.

Meanwhile, the NSE Nifty is trading up by 77 points.

The BSE Mid Cap index is trading up by 0.5%.

The BSE Small Cap index is trading up by 0.8%.

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

--- Advertisement ---
Today is the last day to access details of Richa's #1 Stock Pick for 2021.

After 11:59 pm tonight, the link goes down and the access will be made private.

You'll lose out on potentially the opportunity of a lifetime to get in on the chance for tapping into Rs 4 trillion industry.

The stock is available for pennies on the dollar today and has the potential to produce life-changing returns over the long term.

Just click here right away and continue reading...

If you miss it, We believe you will regret this for a long time to come.

HURRY UP!
------------------------------

Automobile stocks, on the other hand, are witnessing selling pressure.

The rupee is currently trading at 74.87 against the US$.

Gold prices are currently trading up by 0.8% at Rs 55,552 per 10 grams.

If you want to know, when and how to buy gold, just visit our Youtube Playlist on gold investing. Get trading ideas on gold by India's #1 trader Vijay Bhambwani. Find out the right way to profitably trade gold now.

Speaking of the current stock market scenario, note that after over 2 years of lag, the smallcap index is beating Sensex in the post Covid rebound.


As per Richa Agarwal, lead smallcap analyst at Equitymaster, the next few days would be crucial for making big gains in smallcap stocks.

But while it is time to act, you must tread with caution. Post Covid, Richa expects a lot of clean up in the smallcap space, with only a few quality stocks emerging as winners.

She will be revealing more about these quality stocks online at her Rebound Riches Summit on Friday, 7 August 2020.

To book your free seat for this summit, please click here.

LIVE NOW: Join Nilesh & Subbu as they spill the beans on where the stock markets are headed

In news from the macroeconomic space, the Reserve Bank of India kept repo rate unchanged at 4% in its second bi-monthly monetary policy meeting for FY21. It maintained the stance as 'accommodative'.

RBI has already cut interest rates by 115 basis points this year, taking the repo rate down to 4%, the lowest since it was introduced in 2000.

The six-member Monetary Policy Committee (MPC) of the RBI, headed by the Governor Shaktikanta Das, announced the decision after its 24th two-day bimonthly meeting.

RBI governor Shaktikanta Das said global economic activity has remained fragile. He added that global financial markets have been buoyant.

Real GDP growth will remain in the negative, the governor said. However, he said that any positive news on the COVID-19 containment efforts would change this scenario.

In its outlook for the rest of the year, the RBI MPC noted that inflation was expected to remain elevated in the second quarter of 2020-21 and ease thereafter in the second half of the year.

On the economic growth front, Governor Das said, without putting any number to it, that India's real gross domestic product would contract in the first half of FY21 as well as full financial year.

Das said that the merchandise exports contracted for fourth consecutive month though the pace of contraction has moderated. Das further added that imports fell sharply in the month of June.

Note that amid fast-changing macroeconomic environment and a deteriorating outlook for growth, the MPC has had to hold off-cycle meetings in March and May this year.

The MPC has cumulatively cut the repo rate by 115 basis points in these two meetings, taking the total policy rate reduction since February 2019 to 250 basis points.

We will keep you updated on the latest developments from this space. Stay tuned.

Moving on to news from the oil & gas sector, Adani Gas is among the top buzzing stocks today.

Shares of the company slipped 4% today, a day after the company reported a 49% decline in its profit before tax (PBT) for the June quarter at Rs 625.8 million, against Rs 1,227 million in the corresponding period of the previous fiscal.

Net profit for the company fell 42% to Rs 463.3 million and earnings before interest, tax, depreciation, and amortisation (EBITDA) slipped 41% to Rs 860 million.

With continued lockdown of 69 days in Q1FY21, the company witnessed volume impact of 53% as compared to Q1FY20.

Gas sales volumes dropped to 64 million standard cubic meters in the first quarter of fiscal year beginning April 2020, from 137 million metric standard cubic meters (mmscm) in the same period a year back.

CNG sales fell 66% to 24 mmscm while the sale of piped natural gas to household kitchens was down 40% at 40 mmscm.

The company said piped natural gas home connections increased to 4.38 lakh (979 new connections in Q1FY21). Commercial and industrial connections increased to 4,448 during the period under review.

"We are watchful of the ongoing pandemic situation for COVID-19. As a responsible natural gas service provider, Adani Gas Ltd has ensured continuous supply of CNG and PNG, uninterrupted and prompt customer care service during these tough times," said Suresh Manglani, CEO of Adani Gas, in a note.

Adani Gas share price is presently trading down by 2%.

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 Trades in Green; RBI Keeps Repo Rate Unchanged at 4%". Click here!

  

Stock Market Updates

ASTER DM HEALTHCARE LTD Share Price Down by 5%; BSE HEALTHCARE Index Up 0.4% (Today's Market)

Sep 30, 2020 03:28 PM

ASTER DM HEALTHCARE LTD share price is trading down by 5% and its current market price is Rs 145. The BSE HEALTHCARE is up by 0.4%. The top gainers in the BSE HEALTHCARE Index are BLISS GVS PHARMA (up 6.5%) and NARAYANA HRUDAYALAYA LTD (up 3.6%). The top losers is ASTER DM HEALTHCARE LTD (down 5.2%)..

MPHASIS Share Price Up by 6%; BSE IT Index Up 0.3% (Today's Market)

Sep 30, 2020 03:26 PM

MPHASIS share price is trading up by 6% and its current market price is Rs 1,389. The BSE IT is up by 0.3%. The top gainers in the BSE IT Index is MPHASIS (up 5.7%). The top losers are HCL TECHNOLOGIES (down 0.1%) and INFOSYS (down 0.2%).

JSW ENERGY Share Price Down by 5%; BSE POWER Index Up 0.1% (Today's Market)

Sep 30, 2020 03:26 PM

JSW ENERGY share price is trading down by 5% and its current market price is Rs 60. The BSE POWER is up by 0.1%. The top gainers in the BSE POWER Index are SIEMENS (up 0.7%) and GMR INFRA (up 0.7%). The top losers is JSW ENERGY (down 5.1%).

ASTRAL POLY TECHNICK Share Price Up by 6%; BSE CAPITAL GOODS Index Up 1.1% (Today's Market)

Sep 30, 2020 03:20 PM

ASTRAL POLY TECHNICK share price is trading up by 6% and its current market price is Rs 1,222. The BSE CAPITAL GOODS is up by 1.1%. The top gainers in the BSE CAPITAL GOODS Index is ASTRAL POLY TECHNICK (up 5.7%). The top losers are BHARAT ELECTRONICS (down 0.2%) and HONEYWELL AUTOMATION (down 0.3%).

AIA ENGINEERING Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.8% (Today's Market)

Sep 30, 2020 03:08 PM

AIA ENGINEERING share price is trading up by 5% and its current market price is Rs 1,851. The BSE CAPITAL GOODS is up by 0.8%. The top gainers in the BSE CAPITAL GOODS Index is AIA ENGINEERING (up 5.2%). The top losers are THERMAX (down 0.2%) and HONEYWELL AUTOMATION (down 0.3%).

Indian Indices Trade on a Volatile Note; Tata Steel & ONGC Top Losers (Today's Market)

Sep 30, 2020 12:30 pm

The BSE Sensex is trading down by 37 points, while the NSE Nifty is trading down by 14 points.

View More Indian Share Market News

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers(Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff(Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

Can the Nifty Fall to 10,200?(Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.

What Do the Charts Say About Buying Smallcaps Now?(Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

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


Sep 30, 2020 (Close)

MARKET STATS