X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks

MEMBER'S LOGINX

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

Recovery of Global Markets, Apex Frozen Food IPO & Cues to Watch Out Today
Wed, 23 Aug Pre-Open

Indian stock markets remained range-bound in lacklustre trade on Tuesday as market participants kept to the sidelines in the absence of clear triggers.

At the closing bell yesterday, the BSE Sensex closed higher by 33 points and the NSE Nifty finished up 11 points. The S&P BSE Mid Cap finished down by 0.4% while & S&P BSE Small Cap too finished down by 0.4%. Oil & Gas sector, bank sector and healthcare sector finished in green while power stocks and realty stocks witnessed selling pressure.

Top Stocks in Focus

Reliance Industries share price is expected to be in news today as the company is considering entering the power-storage business with its partner BP Plc. to expand into the country's growing renewable energy sector. As per an article in The Livemint, the companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations.

Meanwhile, Religare Enterprises share price fell 9.6% while Fortis Healthcare Ltd share price declined 1.3% on the back of higher volumes. The Supreme Court on 11 August told Fortis promoters Malvinder and Shivinder Singh to maintain the current status of shares held by one of their companies in Fortis Healthcare.

The order, a result of Daiichi Sankyo's latest petition at the apex court, is expected to block the brothers from selling any shares in their flagship hospital chain until arguments are heard in about a month.

Tata motors share price should be in focus as the company said it is putting brakes on the TaMo division, which showcased its sports car RaceMo at the Geneva Motor show in March. Reportedly, the company's current cost structures in the passenger vehicle segment is quite high and the priority is to cut down cost to boost sales. This has come at a time where two weeks ago Tata Motors announced the end of its tie up with Skoda-led Volkswagen Group to jointly develop a small car platform.

Indian Hotels share price has plunged 12% in last two days after the board of directors of the company approved the issuing of equity shares by way of a rights issue to the existing shareholders of the company. According to reports, Indian Hotels which runs the Taj group is planning to raise capital around Rs 15 billion with the current issue.

Just Released: Multibagger Stocks Guide
(2017 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

IPO Buzz

In news from the IPO space, the Rs 1.52 billion IPO of Apex Frozen Foods on Tuesday got subscribed by 31% on Day 1 of the bidding process. Apex Frozen Foods, a smaller peer to listed Avanti Feeds saw 19,17,600 bids by noon compared with the total issue size of 62,10,000 shares.

The IPO consist of up to 87,00,000 equity shares of face value of Rs 10 each in Rs 171-175 a share price band.

Also, India's third largest private sector insurer - HDFC Life is set to come out with its initial public offering (IPO) after the company announced that it filed its draft red herring prospectus (DHRP) with the regulators. The DRHP follows a board resolution by the insurer last month.

As per the prospectus filed with Sebi, HDFC will dilute about 9.565% stake and Standard Life will offload about 5.4% in the IPO.

IPOs are all the rage in the share markets these days. With new companies listing by the day, all with promises of superior returns.

However, we don't need thousands of IPOs to get rich. That's not how super investors make their fortunes. But a few good IPOs could certainly become the multibaggers in your portfolio in a few years.

We have reviewed each of them and have released their recommendation notes. You can check the same on their IPO page.

Download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the 2017 IPO rush.

PE Investment Rises

As per an article in The Economic Times, Private equity investment activity in India remained buoyant in the April-June quarter with investments worth US$6.3 billion, a 51% rise in deal value over a year-ago period.

Despite the slowdown in growth in the Indian technology sector and in the midst of layoffs and US visa issues, technology continued to be an important investment theme in the second quarter with IT and ITes accounting for a large share of overall deal value. Technology space led with over 40% of the total investment value this quarter with investments worth US$2.7 billion, a 93% rise over the same period last year.

Global Markets Bounce Back

Most Asian markets rose ahead of a closely watched meeting of central bankers later in the week, although concerns linger about Donald Trump's economic agenda and about geopolitical crises. The roster of top central bankers includes Federal Reserve Chairwoman Janet Yellen and European Central Bank President Mario Draghi, who will gather at the annual conference that kicks off Thursday.

European stocks broke a three-day losing streak on Tuesday, building on gains in other markets boosted by signs of a global economic recovery and rising commodity prices.

Markets seem to have moved little by Trump's speech clearing the way for the deployment of thousands more troops in Afghanistan, backtracking from a promise to pull US troops out of the 16-year conflict.

Oil prices Rebound

Oil prices climbed on Tuesday, rebounding from a sharp selloff in the beginning of the week as investors look ahead to U.S. supply data that are expected to confirm the market is tightening. Reportedly, Kuwait's oil minister Essam al-Marzouq said that OPEC will discuss whether to end or extend the production-cap deal at a meeting in November.

To keep a tab on the movements in crude oil and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency and commodity markets.

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

Equitymaster requests your view! Post a comment on "Recovery of Global Markets, Apex Frozen Food IPO & Cues to Watch Out Today". Click here!

  

Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Nov 17, 2017 (Close)

MARKET STATS