Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Sensex Opens Strong; Power and Metal Stocks Lead
Fri, 21 Aug 09:30 am | Rini Mehta, TM Team

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.5% while the Hang Seng is up 0.7%. The Nikkei 225 is trading up by 0.3%.

Among global indices, Nasdaq ended at a record high yesterday, with the S&P 500 and Dow also rising, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve's view of a difficult road to economic recovery.

Back home, Indian share markets have opened the day on a higher note tracking the positive trend in SGX Nifty.

The BSE Sensex is trading up by 282 points.

The NSE Nifty is trading higher by 83 points.

Meanwhile, the BSE Mid Cap index has opened up by 1%.

BSE Small Cap index is also trading higher by 0.9%.

--- Advertisement ---
FREE Event on Equitymaster's New Project

On May 17, we are holding a FREE event to reveal Equitymaster's Great Indian Wealth Project.

At this event, we'll reveal the details of your first stock for a potential Rs 7 crore in long-term wealth.

Seats for this event are filling up fast.

Since there are limited seats, we urge you to register at the earliest.

Click here for free sign-up

Sectoral indices are trading in green with BSE Power Index witnessing maximum buying interest.

Among the top gainers in the metals index include BHEL and Adani Transmission.

Moving on, the rupee is currently trading at 75.03 against the US$.

Gold prices are currently trading down by 0.9% at Rs 52,151.

Gold and silver prices continued to decline for the second in Indian markets.

On MCX, October gold futures were down Rs 700 to Rs 51,915 per 10 grams. Tracking gold, silver futures were also down Rs 900 to Rs 67,028 per kg.

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.

Discover Now: One Stock for Potentially Life-changing Gains

In global markets, gold rates today recovered some ground after slumping more than 3.5% to a near one-week low in the previous session.

Today, spot gold was up 0.5% at US$1,940 per ounce.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

Even with the recent volatility in prices, gold and silver remain among the best performing commodities this year to combat the fallout from the coronavirus pandemic. Earlier this month, gold had hit a record high of Rs 56,191 in Indian markets amid a global rally.

--- 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...

So, is it time to book profits in gold and silver?

In this video below, India's no. 1 trader, Vijay Bhambwani tells what he thinks you should do with your bullion holdings.

Tune in here:

To know more about gold, just visit our Youtube Playlist on gold investing.

Moving on to the stock specific news...

Indian Overseas Bank is among the top buzzing stocks after the bank reported a standalone net profit of Rs 1.2 billion for the June quarter of FY21 as provisions declined and other income rose.

The bank had reported a net loss at Rs 3.4 billion during corresponding quarter previous year.

The bank's net interest income grew 9.6% year-on-year (YoY) to Rs 14.1 billion for the quarter ended 30 June over Rs 12.9 billion in the same quarter last year.

The bank's other income rose 39.1% YoY during the quarter under review. Its total provisions fell 16.3% during the June quarter.

Indian Overseas Bank's asset quality improved in the June quarter with gross bad loan ratio percentage of bad loans to total advances falling 863 basis points (bps) YoY to 13.9%. Its net non-performing asset (NPA) ratio was down 594 bps on a YoY basis to 5.1% in Q1FY21.

The bank's total advances were at Rs 1.2 trillion in Q1FY21, a decrease of 6.97% over the same period last year. Total deposits stood at Rs 2.3 trillion, an increase of 1.98% over 30 June last year.

Indian Overseas Bank share price opened the day up by 4.6%.

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 Opens Strong; Power and Metal Stocks Lead". Click here!


Stock Market Updates

Sensex Ends 257 Points Higher; Tata Steel & Hindalco Among Top Nifty Gainers (Today's Market)

May 7, 2021 Closing

Indian share markets ended on a positive note with the Sensex up by 257 points and the Nifty ending up by 98 points.

ADANI TRANSMISSION at All Time High; BSE POWER Index Up 0.9% (Today's Market)

May 7, 2021 01:12 PM

ADANI TRANSMISSION share price has hit an all time high at Rs 1,188 (up 4.1%). The BSE POWER Index is up by 0.9%. Among the top gainers in the BSE POWER Index today are ADANI TRANSMISSION (up 4.1%) and TORRENT POWER (up 0.3%). The top losers include BHEL (down 0.1%) and JSW ENERGY (down 0.2%).

Sensex Trades Marginally Higher, Dow Futures Up by 22 Points (Today's Market)

May 7, 2021 12:30 pm

BSE Sensex is trading up by 180 points, while the NSE Nifty is trading up by 70 points.

Sensex Gains 400 Points, Nifty Tops 14,850; Banking & Metal Stocks Rally (Today's Market)

May 7, 2021 09:30 am

Indian share markets open on a positive note. The BSE Sensex opened up by 405 points, while the Nifty is trading higher by 121 points.

TATA STEEL at All Time High; BSE METAL Index Up 2.5% (Today's Market)

May 7, 2021 09:34 AM

TATA STEEL share price has hit an all time high at Rs 1,147 (up 3.3%). The BSE METAL Index is up by 2.5%. Among the top gainers in the BSE METAL Index today are TATA STEEL (up 3.3%) and JSW STEEL (up 2.0%).

ADANI TRANSMISSION at All Time High; BSE POWER Index Up 0.9% (Today's Market)

May 7, 2021 09:34 AM

ADANI TRANSMISSION share price has hit an all time high at Rs 1,175 (up 2.7%). The BSE POWER Index is up by 0.9%. Among the top gainers in the BSE POWER Index today are ADANI TRANSMISSION (up 2.7%) and SIEMENS (up 0.2%). The top losers include POWER GRID (down 0.5%) and THERMAX (down 0.7%).

View More Indian Share Market News

Most Popular

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Sell in May and Go Away?(Fast Profits Daily)

Apr 28, 2021

Does the concept of selling stocks in the month of May, work in the Indian market?

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

May 6, 2021

Why are markets discounting the economic impact of Covid?


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


May 7, 2021 (Close)