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 74 Points Lower; Metal and Energy Stocks Witness Selling
Tue, 20 Aug Closing | Monish Vora, TM Team

India share markets ended their volatile trading session marginally lower today.

At the closing bell, the BSE Sensex stood lower by 74 points (down 0.2%) and the NSE Nifty closed down by 37 points (down 0.3%).

Both, the BSE Mid Cap index and the BSE Small Cap index ended the day down by 0.6%.

--- Advertisement ---
One stock to add to your portfolio asap

Our co-head of research, Tanushree Banerjee, has uncovered this one stock, which she believes is a must have in your portfolio.

Tanushree is very bullish on this stock.

It could potentially multiply invested money 12 to 13 times over the long term.

Tanushree will reveal details of this stock at her upcoming special event.

You can click here to sign-up. It's free.
------------------------------

Sectoral indices ended on a mixed note with stocks in the metal sector and energy sector witnessing most of the selling pressure. Stocks from the auto sector and IT sector ended on a positive note.

The rupee was trading at 71.67 against the US$.

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 0.23% and the Shanghai Composite was down by 0.11%. The Nikkei 225 was up by 0.55%.

European markets were trading on a positive note. The FTSE 100 was up by 0.56%. The DAX was trading up by 0.13%, while the CAC 40 was up by 0.26%.

In the news from the currency markets, the Indian rupee was witnessing selling pressure against the US dollar today. The domestic unit opened on a weak note today and fell 23 paise to 71.66 against the US dollar in early trade.

Revealing Tomorrow: The Great Indian Wealth Project

Most of the losses today were seen amid rising crude oil prices and persistent foreign fund outflows.

Yesterday, the Indian rupee tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar. Losses here were seen amid growing worries over an economic slump and strengthening of the US dollar vis-a-vis other currencies overseas.

Note that Indian rupee became Asia's worst performing currency this month. For the common man, the falling rupee is going to hit where it hurts the most - the pocket.

In the video below, Vijay Bhambwani explains what's behind the fall in rupee and how much can it fall further:

In the news from the banking sector, Yes Bank share price was in focus today. Shares of the lender witnessed selling pressure after the risk and audit committee of CG Power and Industries said that were some unauthorized transactions carried out by 'certain employees' of the company.

--- Advertisement ---
How to Earn a Fortune in Gold, the Smart Way

Gold is on 'the verge of a decadal run' says Vijay Bhambwani, India's #1 Trader and Editor of Fast Profits Daily at Equitymaster.

He says gold has the potential to generate staggering gains in the coming years...And those who are betting on gold right now will hit the jackpot.

But wait.

While gold is an attractive investment destination, there's a very specific way to play this opportunity...

A way that ensures you rake in maximum profit and perhaps hit the jackpot...while minimizing potential pitfalls. Thankfully, Vijay - India's #1 Trader - can guide you step-by-step in the upcoming gold rush and help hit the jackpot just at the right time.

Sure, you don't want to be an average trader. That's not how you make a fortune.

Here's how you can get Vijay's guidance...
------------------------------

As per the news, the committee said that the above transactions have led to potential understatement of not only the company's liabilities, but also advances to related and unrelated parties of the company and the group.

Yes Bank, which holds 12.79% stake in CG Power, declined around 6% reacting on the announcement.

Similarly, shares of CG Power tanked nearly 20%.

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

Moving on, in latest developments from the IPO space, the initial public offering (IPO) of Sterling and Wilson Solar made a weak debut today. The stock of the company opened at Rs 700, down 10.25% from its issue price of Rs 780.

The company's Rs 31.3 billion IPO was open for subscription during 6-8th August with a price band of Rs 775-780 a share.

The IPO comprised entirely of an offer for sale (OFS) of 40.3 million shares.

SWSL is an end-to-end solar EPC solutions provider and was the world's largest solar EPC solutions provider in 2018 based on annual installations of utility-scale Photo-voltaic (PV) systems of more than 5 megawatt (MW).

The company provides EPC services primarily for utility-scale solar power projects with a focus on project design and engineering. It also provides operations and maintenance (O&M) services.

The company operates in around 26 countries and is the largest solar EPC solutions provider in each of India, Africa and the Middle East.

As of March 31, the company's order book stood at Rs 77.4 billion, which includes letters of intent worth Rs. 39.1 billion for solar power projects for which it has won the bid but has not yet executed definitive.

Ankit Shah, in his premium newsletter Equitymaster Insider, has shared the detailed note of the company's IPO. You can read more about it and the company here: Sterling and Wilson Solar Ltd IPO: Apply or Avoid?

Speaking of IPOs, the first half of 2019 hasn't seen a lot of activity in the IPO market.

There have been just 8 IPO on the main board, raising as much as Rs 55.1 billion, compared with 24 that raised Rs 309.6 billion in the year earlier period.

Despite lackluster activity in India's primary markets, there have been attractive money-making opportunities for attentive investors.

Ankit Shah recommended applying to the IPO of Polycab India and the IPO of IndiaMART InterMESH.

Both IPOs were subscribed many times over. And as can be seen from the chart below, both gave handsome double-digit returns on the listing date.

Top 3 IPO Gains in 2019

In the Long Run, Elections Don't Influence the Stock Market

At Equitymaster, we believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs.

If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

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 74 Points Lower; Metal and Energy Stocks Witness Selling". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

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


May 14, 2021 (Close)

MARKET STATS