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 Marginally Higher; L&T and Sun Pharma Top Gainers
Fri, 14 Aug 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading on a bullish note, led by gains in index-heavyweights Reliance Industries, Infosys and L&T, and amid mixed global equities.

Market participants are awaiting the SC hearing on telcos' AGR dues, scheduled for later in the day.

The BSE Sensex is trading up by 118 points, up 0.3%, at 38,400 levels.

Meanwhile, the NSE Nifty is trading up by 33 points.

The BSE Mid Cap index is trading up by 0.4%.

The BSE Small Cap index is trading up by 0.7%.

--- Advertisement ---
Here's an urgent profit opportunity from us that no mainstream media is revealing...

The #1 Stock for 2021.

...An innovative stock with the industry giants chasing it for its technology to touch millions and millions of people every day.

It serves several clients across the globe, but what got me is this...

The stock is leaving all its competitors behind despite the COVID crash, and now the price has already started to move.

There's actually one more reason why this stock could take off and make its early investors rich.

It's revealed here in this note with transparency.
------------------------------

On the sectoral front, gains are largely seen in the healthcare sector and energy sector.

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

The rupee is trading at 74.76 against the US$.

Gold prices are trading down by 0.8% at Rs 52,521 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 stock markets, in his latest video, Rahul Shah invites you to a hypothetical stock picking contest where he builds a penny stock portfolio using his blueprint.

Tune in to find out more:

In news from the automobile sector, Hero MotoCorp is among the top buzzing stocks today.

Shares of the company fell as much as 2% today after the two-wheeler maker reported a 95% year-on-year (YoY) decline in consolidated net profit at Rs 577.8 million for the quarter ended June 30 (Q1FY21), on account of lower sales due to Covid-19 pandemic.

Total income during the quarter under review declined to Rs 31.2 billion as compared with Rs 84.1 billion in the year-ago period.

--- Advertisement ---
Going Live on 30th September 6pm To Answer A Burning Question

Economies across the globe have collapsed.

However, despite all the weak economic data, the stock markets have rallied.

But how sustainable is this rally?

The burning question of the hour is

"Where are the Stock Markets Headed?"

And that is exactly where our upcoming live and exclusive free webinar will help you.

Join Nilesh Shetty, Associate Fund Manager, Equity Funds and I.V. Subramaniam, Director, Quantum AMC LIVE as they address your most pressing concerns...and try and fulfill your need for the next big investment opportunity.

If you are a serious investor, you cannot afford to miss this opportunity.

Register FREE for this upcoming webinar in 1-click
[Yes! I want to attend this Exclusive Webinar]


Yes, also send me your financial planning newsletter, Quantum Direct, free of charge.

Date: 30th Sept. | Time: 6pm | Venue: Your Computer
------------------------------

The two-wheeler major sold a total of 565,000 units of motorcycles and scooters in the first quarter of fiscal 2020-21 as compared with 1.843 million units in the same period of FY20.

"The Covid-19 period has been an unprecedented challenge for the automotive industry, as indeed for several other sectors and economies around the world," the company's CFO Niranjan Gupta said.

The company is already seeing green shoots, and expects them to sustain and get stronger as it moves toward the festive season, he added.

The company further added that about 95% of its customer touch points were fully operational and the company's eight production facilities, six in India and two abroad have resumed manufacturing.

Hero MotoCorp share price is presently trading down by 0.7%.

Moving on to news from the mutual funds space, as per a leading financial daily, the recent decline seen in equity inflows could push up the asset size required by asset management companies to break even.

In June, equity inflows tapered to Rs 2.4 billion, while July saw outflows of Rs 24.8 billion, the first time in four years.

Reports state that the big reason behind this was profit booking and redemption pressure as the market rallied 50% from March lows.

The industry's assets under management (AUM) have grown substantially spurred by retail participation via systematic investment plans (SIPs), especially after demonetisation. The bulk of this growth has been driven by equity funds, which charge higher fees than debt and hybrid schemes.

The total expense ratio (TER) for such schemes can be 1.5-1.7% of AUM as against 0.1-1% for liquid or debt schemes.

According to a recent study by a consulting firm, breakeven AUM has risen to Rs 400-500 billion from Rs 100-150 billion a few years ago.

UNLOCKED: Up to 3x More Gains During the Corona Crisis...

In other news, Prashant Jain of HDFC Mutual Fund known for his inclination towards public sector stocks lapped up major IT and pharmaceutical companies in equity schemes in July.

The top stock bought by him in July was Yes Bank. According to a report, the AMC bought 163.5 million shares of the troubled bank last month.

Other stocks in the top five stocks bought during July were Wipro, Jindal Steel & Power, Tech Mahindra and Sun Pharma.

Top five shares sold by HDFC Mutual Fund were Vodafone Idea, Punjab National Bank, Reliance Industries, Bharti Infratel and BPCL.

Speaking of mutual funds, have a look at the chart below which shows recent net inflows into equity funds:

Investors did well to pour more money into stocks (via mutual funds) in April 2020 and thus, take advantage of the sharp correction.

However, it goes all downhill after that. Inflows fell in both May as well as June this year when stocks were still on sale.

In fact, they fell by a whopping 97% in June 2020.

How this trend pans out in coming months remains to be seen. Meanwhile, we will keep you updated on all the developments from this space. Stay tuned.

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 Marginally Higher; L&T and Sun Pharma Top Gainers". Click here!

  

Stock Market Updates

SAIL Share Price Up by 5%; BSE METAL Index Up 2.8% (Today's Market)

Sep 25, 2020 03:34 PM

SAIL share price is trading up by 5% and its current market price is Rs 34. The BSE METAL is up by 2.8%. The top gainers in the BSE METAL Index are SAIL (up 5.2%) and JINDAL STEEL & POWER (up 7.2%).

FORCE MOTORS Share Price Up by 5%; BSE AUTO Index Up 3.4% (Today's Market)

Sep 25, 2020 03:28 PM

FORCE MOTORS share price is trading up by 5% and its current market price is Rs 1,060. The BSE AUTO is up by 3.4%. The top gainers in the BSE AUTO Index are FORCE MOTORS (up 5.2%) and MOTHERSON SUMI (up 5.6%).

VODAFONE IDEA Share Price Up by 13%; BSE 500 Index Up 2.4% (Today's Market)

Sep 25, 2020 03:24 PM

VODAFONE IDEA share price is trading up by 13% and its current market price is Rs 10. The BSE 500 is up by 2.4%. The top gainers in the BSE 500 Index are VODAFONE IDEA (up 13.5%) and IFB INDUSTRIES LTD (up 11.9%). The top losers are OBEROI REALTY and BAJAJ HOLDINGS & INVESTMENT .

BAJAJ CONSUMER CARE Share Price Up by 5%; BSE FMCG Index Up 2.0% (Today's Market)

Sep 25, 2020 03:24 PM

BAJAJ CONSUMER CARE share price is trading up by 5% and its current market price is Rs 185. The BSE FMCG is up by 2.0%. The top gainers in the BSE FMCG Index are BAJAJ CONSUMER CARE (up 5.1%) and GSK CONSUMER (up 5.1%). The top losers are GILLETTE INDIA (down 0.5%) and EMAMI LTD (down 0.5%).

ADANI TRANSMISSION Share Price Up by 6%; BSE POWER Index Up 2.2% (Today's Market)

Sep 25, 2020 03:24 PM

ADANI TRANSMISSION share price is trading up by 6% and its current market price is Rs 250. The BSE POWER is up by 2.2%. The top gainers in the BSE POWER Index are ADANI TRANSMISSION (up 6.0%) and TATA POWER (up 5.5%). The top losers is SIEMENS (down 0.5%).

Indian Indices Trade Higher; HCL Tech, Bharti Airtel & TCS Up Over 4% (Today's Market)

Sep 25, 2020 12:30 pm

The BSE Sensex is trading up by 451 points, while the NSE Nifty is trading up by 127 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.

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...

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.

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 25, 2020 (Close)

MARKET STATS