Sensex Trades Over 300 Points Higher, Dow Futures Up by 100 Points

Tue, 31 Aug 12:30 pm

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Share markets in India are presently trading on a strong note.

The BSE Sensex is trading up by 309 points, up 0.5%, at 57,199 levels.

Meanwhile, the NSE Nifty is trading up by 93 points.

Adani Ports & SEZ and Bharti Airtel are among the top gainers today. Tata Motors and Nestle India are among the top losers today.

The BSE Mid Cap index is trading up by 0.7%

The BSE Small Cap index is trading up by 0.9%.

On the sectoral front, barring the energy sector, all sectors are trading in green with stocks from the telecom sector witnessing most of the buying interest.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 73 points (up 0.5%) while Dow Futures are trading up by 100 points (up 0.3%)

The rupee is trading at 73.15 against the US$.

Gold prices are trading up 0.2% at Rs 47,249 per 10 grams.

Gold prices inched higher today in Indian markets after a sharp fall in the previous session. On MCX, gold futures were up 0.3% to Rs 47,171 per 10 grams.

Note that gold prices have been volatile this month, falling to near a four-month low of Rs 45,600 before seeing some recovery. Gold had hit a record high of Rs 56,200 in August last year.

In global markets, gold prices were flat today, supported by a subdued US dollar. Spot gold rose 0.1% to US$ 1,812.3 per ounce.

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

Speaking of the stock market, India's #1 trader, Vijay Bhambwani, talks about how you should trade in the month of September, in his latest video for Fast Profits Daily.

Moving on to stock-specific news...

Among the buzzing stocks today is Acrysil.

Shares of Acrysil rose over 4% in early trade today after the company announced expansion of its production capacity by 160,000 quartz sinks per annum to 1 m through its greenfield project at Bhavnagar in Gujarat.

The company has a production capacity of 700,000 units p.a. It had earlier announced an expansion of production by 140,000 units p.a., which is progressing as per schedule.

The expansion in production capacity is to meet the growing demand of quartz kitchen sinks in the global market.

The proposed capital expenditure involves an investment of Rs 380 m which would be spent towards acquiring land, moulds, plant and machinery, utilities, warehouse and other related infrastructure.

The project is likely to be completed by June 2022 and will be financed by mix of internal accruals and debt.

Acrysil is one the leading manufacturers and exporters of composite quartz granite kitchen sinks in India.

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, Acrysil shares were trading up by 4.8% on the BSE.

Moving on to news from the automobile sector...

TVS Motor Launches Platform For Buyers to Customise Vehicles

TVS Motor Company has introduced a 'built to order' (BTO) platform to help buyers customise and personalise their vehicles.

This new business vertical, the TVS BTO platform, will ensure that products are built at the factory as per customer requirements.

The company's model TVS Apache RR 310 will be the first offering on the new platform.

Customers will be able select pre-set kits, graphic options, rim colour options, and personalised race numbers. The kits, called dynamic and race, offer an array of features that further accentuate performance and styling as per customers' usage and needs.

The platform will be introduced across other product portfolios from the stable of TVS Motor Company in a phased manner.

TVS Motor Company is an Indian multinational automotive company that manufactures motorcycles, scooters, and three-wheelers.

It is the third largest motorcycle company and second largest two-wheeler exporter in India with exports to over 60 countries.

How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

Speaking of the stock markets, a right investing process can help you win in the long term. It might offer some unexpected and undesirable results in the short term but lets you fare well when you average the outcomes.

According to Richa Agarwal, Senior Research Analyst at Equitymaster, any investment process should not be judged based on individual outcomes. Instead, it should have stood the test of the time.

Her smallcap service Hidden Treasure has had its fair share of failures. But sticking to a disciplined process meant that Hidden Treasure's internal rate of return (IRR) increased to 24.38% since inception.

This compares favourably to the IRRs of 9.6% for the Sensex, and 8.8% for the smallcap index in the same period (February 2008 - June 2020) as can be seen in the chart below.

The service's performance did suffer in the short term after the 2018 crash in smallcaps. However, the long term track record and the post Covid rebound underscores the strength of stock picking process.

If you are interested in becoming a Hidden Treasure subscriber, here's where you can sign up.

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

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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

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