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?  

NBFCs in Focus, Rising Crude Oil Prices and Top Stocks in Action Today
Tue, 20 Aug Pre-Open | Monish Vora, TM Team

On Monday, Indian share markets witnessed selling pressure during closing hours and ended marginally higher.

The BSE Sensex closed higher by 52 points to end the day at 37,402. Sun Pharma and Tech Mahindra were among the top gainers.

While the broader NSE Nifty ended up by 6 points to end at 11,054.

Among BSE sectoral indices, consumer durable stocks gained the most by 1.6%, followed by capital goods stocks and healthcare stocks.

--- Advertisement ---
The Best Way to Retire Rich

According to a one estimate... one needs about Rs 6.8 crore at 60 to be able to live a comfortable life till the age of 90.

And the best way to accumulate this money and retire rich is to buy the stocks of extraordinary companies in their early stages.

That's it.

And if you get it right... then even a single stock could fund your entire retirement.

Especially if the stock is riding a mega trend.

We revealed the details of 3 such stocks at our special event - The Great Indian Wealth Project.

These 3 stocks could lay the solid foundation to build your potential Rs 7 crore wealth in the long term.

Click Here to Get the Details of These Stocks Right Away...
------------------------------

Top Stocks in Action Today

Glenmark Pharma share price will be in focus today as the company has received regulatory approval to market a combination of its novel, patent protected and globally researched sodium glucose co-transporter-2 (SGLT2) inhibitor Remogliflozin etabonate (Remogliflozin) and Metformin Hydrochloride (Metformin) film coated tablets in India.

Tata Motors share price will also be in focus today as it has launched offers across its Tiago, Tigor, Hexa and Nexon range sold in India during this monsoon. The package offers free roadside assistance and warranty for 3 years/40,000 Kms.

Market participants will also track Emami share price.

Reportedly, the company is aiming at a 15% revenue growth in the haircare segment in the 2019-20 fiscal. The company's haircare portfolio - Kesh King, Navratna and 7 Oils in One - is worth Rs 12.2 billion and accounts for 25-30% of its topline.

Watch Now: 3 Little-known Stocks We are Super Bullish On

RBI Rules Out Asset Quality Review for NBFCs

The Reserve Bank of India (RBI) Governor Shaktikanta Das, on Monday, ruled out ordering an asset quality review of non-banking finance companies (NBFCs) that are facing a credit squeeze since the collapse of IL&FS in August last year.

Addressing the press at the sidelines of the annual banking conclave organized by Federation of Indian Chambers of Commerce & Industry (FICCI), Das said "at the moment there is no such proposal to have an asset quality review. Let me also add that 50 odd NBFC's and HFC's are being closely monitored".

Das explained that bringing Housing finance companies (HFCs) under the regulatory ambit of the Reserve Bank is a significant move, given their asset-liability profiles.

Including HFCs, the size of the NBFC sector constitutes about 25% of combined balance sheet of scheduled commercial banks.



Bank credit to NBFCs fell by over Rs 60 billion between March to June highlighting the risk aversion towards the sector. Credit disbursals by NBFCs plunged by a third in the year to March raising worries over solvency issues.

Governor Das also said that it was the right time to formalize linking of fresh loans with external benchmarks like the repo rate.

The country's largest lender State Bank of India (SBI) recently introduced repo-linked lending rate for home loans from July only for new customers who are getting the direct benefit of lower policy rates.

How this all pans out remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

Oil Rises amid Drone Attack

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-US trade tensions could ease.

A drone attack by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant, adding to Middle East tensions, but state-run Saudi Aramco said oil production was not affected.

Gains were however capped to some degree by an unusually downbeat OPEC report that stoked concerns about growth in oil demand.

The Organization of the Petroleum Exporting Countries (OPEC) cut its forecast for global oil demand growth in 2019 by 40,000 barrels per day (bpd) to 1.1 million bpd and indicated the market would be in slight surplus in 2020.

Japan's Exports Slip for Eighth Month

Japan's exports slipped for an eighth month in July, while manufacturers' confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-US trade war could tip the economy into recession.

Exports in July fell 1.6% from a year earlier. This marked the longest run of declines in exports since a 14-month stretch from October 2015 to November 2016.

Exports to China, Japan's biggest trading partner, shrank 9.3% YoY in July, down for a fifth month. The contraction was led by sizable declines of 31.5% in semiconductor production equipment, 35% in car parts and 19% in electronics parts.

Export volume rose 1.5% in July year-on-year (YoY), the first positive reading in nine months.

Shipments to Asia, which account for more than half of Japan's overall exports, declined 8.3% in the year to July.

Japan's exports to the United States rose 8.4% in the year to July. The two countries are set to hold ministerial-level trade talks in Washington this week, with eyes on an early trade deal including US beef exports and Japan's auto exports.

Stay tuned for more updates from this space.

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 "NBFCs in Focus, Rising Crude Oil Prices and Top Stocks in Action Today". Click here!

  

Stock Market Updates

Bloodbath on Dalal Street: 6 Reasons Why Sensex Nosedived 1,939 Points Today (Today's Market)

Feb 26, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

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.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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


Feb 26, 2021 (Close)

MARKET STATS