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 Ends Flat; Healthcare and Metal Stocks Witness Selling
Wed, 12 Aug Closing | Monish Vora, TM Team

After staging a gap-down opening, Indian share markets recovered losses as the session progressed and ended on a flat note.

Benchmark indices fell in early trade today tracking negative global equities. Further, weak domestic factory output data dampened investor sentiment.

At the closing bell, the BSE Sensex stood lower by 37 points.

The NSE Nifty snapped its 6-day winning streak and closed down by 14 points.

SGX Nifty was trading at 11,311, down by 33 points, at the time of writing.

The BSE Mid Cap index ended the day down by 0.3%. The BSE Small Cap index ended down by 0.1%.

--- Advertisement ---
We are Bullish on These 3 Little-known Stocks

Our research has uncovered 3 tiny stocks.

You won't hear about these stocks from the mainstream media or your stock broker.

They generally ignore such small size companies.

But our research says, these 3 little-known stocks are set for a massive rally over the coming months and years.

They can potentially offer solid double and triple digit gains to investors.

So, if you are an investor looking to buy good stocks to invest in...when the markets are at all-time high...

Then you must seriously consider these 3 stocks.

You can get the details of these 3 stocks at our free online summit.

We would recommend you to sign-up at the earliest. Because we have limited FREE seats and they are filling up fast.

Click here to sign-up instantly. It's free.
------------------------------

Sectoral indices ended on a mixed note with stocks in the healthcare sector and metal sector witnessing selling pressure.

Automobile stocks, on the other hand, witnessed buying interest.

Asian stock markets ended on a mixed note. As of the most recent closing prices, the Nikkei ended 0.4% higher, while the Shanghai Composite ended 0.6% lower. The Hang Seng ended up by 1.4%.

The rupee is trading at 74.82 against the US$.

Gold prices are trading down by 0.2% at Rs 51,836 per 10 grams. In early trade today, gold futures on MCX plunged as much as 3% to Rs 49,955 per 10 grams.

Hopes of vaccine development prompted some investors to reduce exposure to the yellow metal.

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.

Moving on, market participants were tracking Lemon Tree Hotels share price.

Shares of the company zoomed as much as 10% today after the company announced its debut in Dwarka, Gujarat, with the launch of the 109 key hotel - Lemon Tree Premier, Dwarka.

In news from the media sector, PVR was among the top buzzing stocks today.

Shares of the company advanced up to 9% on the BSE after the multiplex-chain owner successfully raised Rs 3 billion via its right issue. The rights issue was over-subscribed by 2.24 times.

The rights issue had opened for subscription on July 17th and closed on July 31st. It received an application for 85.29 lakh shares, worth Rs 6.72 billion.

The offer size was Rs 3 billion, an equivalent of 38.23 lakh shares at an issue price of Rs 784 per share.

The promoters, Ajay Bijli and Sanjeev Kumar also participated and applied for shares more than their entitlement in the rights issue.

During the last financial year, PVR became the first Indian multiplex to cross the 800 screen milestone, and 100 million footfalls.

PVR's CFO, Nitin Sood said, "the proceeds will be essentially used for meeting working capital needs (like cinema maintenance, electricity) and partly for debt repayment obligations. We have approximately Rs 1.5 billion of debt repayments due in FY21."

Theatres in India have been shut for over five months due to coronavirus-led lockdown.

While cinemas were expected to open in Unlock 3.0, there has been no government order on their resumption.

While theatres still remain shut, PVR has prepared itself to welcome the audience back to theatres. It has invested Rs 60 million across its properties on safety and hygiene measures.

PVR share price ended the day up by 6.1%.

Moving on to news from the airlines sector, shares of InterGlobe Aviation - the parent firm of India's largest airline by market share IndiGo, gained over 10% today amid reports that the airline is in talks with two lessors to sell and lease back 12 of its ATR 72-600 aircraft and their engines.

As per a leading financial daily, the conversations with at least two lessors - Aergo Capital and DAE have been going on for the past few days.

Each of these aircraft is likely to generate US$ 18 million to US$ 20 million for the low-cost carrier.

The airline confirmed to the organisation that it is working to close these transactions, but it will be difficult to give a specific timeframe for its completion. Apart from this, the airline said it will continue to finance their new aircraft deliveries in the ordinary course as more planes are delivered.

During its board meeting on August 10, IndiGo had approved to raise Rs 40 billion through an issue of equity shares by way of a qualified institutions placement.

IndiGo share price ended the day up by 9.9%.

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 Ends Flat; Healthcare and Metal Stocks Witness Selling". Click here!

  

Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

View More Indian Share Market 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...

More

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

S&P BSE SENSEX


Mar 4, 2021 (Close)

MARKET STATS