Indian Indices Trade Higher; Power Grid & SBI Top Gainers

Fri, 21 Aug 12:30 pm

   Previous Close   

   Pre-Open   

   SGX Nifty   

   09:30 am   

   Closing   

Share markets in India are presently trading on a positive note, tracking a rally in global markets.

The BSE Sensex is trading up by 285 points, up 0.7%, at 38,500 levels.

Meanwhile, the NSE Nifty is trading up by 79 points.

Power Grid and SBI are among the top gainers today.

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

The BSE Small Cap index is trading up by 1.5%.

On the sectoral front, gains are largely seen in the power sector and finance sector.

Speaking of stock markets, a few months back, Richa Agarwal, lead smallcap analyst at Equitymaster, wrote to you about an urgent opportunity in smallcaps...in 5 smallcaps to be precise.

Her efforts have paid off well. Every single smallcap in the list has offered gains, beating the benchmark indices by a handsome margin as can be seen in the chart below.

But even if the gains had not come, Richa's conviction in these 'Essential stocks' would not have been any less. That's because these are coffee can stocks.

Some of these stocks are still in the buying range...and offer strong upside in the long term. Hidden Treasure subscribers can read the report here (requires subscription).

Moving on, the rupee is currently trading at 74.87 against the US$.

Gold prices are currently trading up by 0.2% at Rs 52,262.

In the previous session, gold had slumped 1.8% or Rs 950 per 10 gram while silver had crashed 2% or Rs 1,400 per kg.

Gold prices have been volatile in India after hitting a new high of Rs 56,191 per 10 grams.

Speaking of gold, note that the media and experts have been taking potshots at Buffett of late for buying a gold mining stock. This seems to be an acknowledgement of his mistake in not buying gold a decade back.

But is this truly a case of 'error of omission' as Buffett would call it? Is Buffett's exposure to gold significant?

Should you too shun stocks and significantly increase your exposure to the yellow metal?

Co-head of research at Equitymaster, Tanushree Banerjee answers all these questions in her latest video.

Tune in to find out more:

Divi's Laboratories and SBI Life Insurance are among the top buzzing stocks today.

Shares of both the companies rallied up to 5%, a day after the NSE Indices, a subsidiary of the National Stock Exchange (NSE) announced that both the stocks will enter the benchmark index Nifty50 from September 25, 2020.

Shares of Divi's Laboratories hit an all-time high of Rs 3,333.60 in the early trade, with its market capitalisation nearing Rs 900 billion.

On the other hand, Zee Entertainment Enterprises (ZEEL) is trading marginally higher while Bharti Infratel is trading. Both these stocks will be dropped from the Nifty50 index, NSE Indices said in a statement.

For the quarter ended June 2020, Divi's Lab reported a net profit of Rs 4.9 billion on account of robust sales. In comparison, the company had logged a profit of Rs 2.7 billion in the year-ago same period.

SBI Life Insurance, on the other hand, reported a 5% increase in net profit at Rs 3.9 billion for the first quarter of the current fiscal.

Moving on to news from the telecom sector, the Supreme Court on Thursday expressed concern over how statutory adjusted gross revenue (AGR) dues of bankrupt telecom companies would be recovered if their spectrum were transferred during the insolvency resolution process.

The court asked the telecom department who would pay the AGR dues of ailing telcos Reliance Communications, Aircel and Videocon, which are resolving cases under the Insolvency and Bankruptcy Code.

A three-judge bench led by Justice Arun Mishra asked solicitor general Tushar Mehta to provide this information and submit details of the spectrum held by these companies since 1999.

"We are extremely worried that all AGR dues will be wiped out in the IBC process. After the spectrum sale, the new user will deny pending demands against the spectrum," he observed.

The bench is examining claims that telcos facing insolvency proceedings were in no position to pay their AGR dues, estimated at over Rs 400 billion.

The bench asked the Department of Telecommunications (DoT) if the AGR dues of Videocon and Aircel could be fixed on Bharti Airtel, which had traded spectrum with both.

Bharti Airtel, through senior advocate Kapil Sibal, insisted that Airtel had already paid most of its AGR dues and was not party to any resolution process.

The ailing telcos have urged the court to treat them as a separate class because they were in no position to pay.

We will keep you updated on the latest 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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers