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?  

Markets stage a strong finish
Tue, 6 Sep Closing

The Indian stock market had a volatile outing on the bourses today. After opening in the negative, markets started moving upwards during the last two hours of trade as shares from the IT industry recovered from their lows. While the BSE-Sensex closed higher by around 150 points (up 0.9%), the NSE-Nifty closed higher by around 55 points (up 1.1 %). The BSE Mid Cap and BSE Small Cap indices also had a good outing. They closed higher by 0.6% and 0.7% respectively. Oil and gas stocks led the gains by a fair margin, with IT stocks following. The realty and consumer durables indices were however trading weaker.

As regards global markets, major Asian indices had a mixed outing on the bourses today with Japan closing over 2% lower. European indices however opened the day on a positive note. The rupee was trading at Rs 46.00 to the dollar at the time of writing.

Commercial vehicle manufacturer, and the flagship company of the Hinduja Group Ashok Leyland recorded a 3.5% decline in its total sales, which stood at 7,218 units during August 2011 as against the same month of the last year. It sold 7,480 units during the same period of last year. Sales in the domestic market during the period under review dropped 8% to 6,168 units. However on the other hand, export figures grew by 35.5% to 1,050 units in August. The company along with Tata Motors plans to join with Petronet LNG Ltd to launch the use of LNG for vehicles. On account of weak sales in August the stock was closed lower by 0.4%.

The Reserve Bank Of India (RBI) believes that the current statutory liquidity ratio (SLR) and cash reserve ratio (CRR) of 24% and 6% respectively are high, and would like to bring the same down in a calibrated manner. Currently banks have a mandate to maintain 24% of their deposits in the form of liquid instruments such as gold, cash or government bonds. They also have to maintain 6% of their deposits as cash with the Central Bank. Maintaining these liquid reserves serves as a cushion during times of crisis. Earlier the ratio of CRR and SLR combined was 65%, which has now come down to less than half. However, the RBI would like to reduce this further in a gradual manner. This would help boost liquidity in the banking system.

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 "Markets stage a strong finish". Click here!

  

Stock Market Updates

Sensex Trades Over 200 Points Higher, Dow Futures Up by 84 Points (Today's Market)

Jun 15, 2021 12:30 pm

BSE Sensex is trading up by 283 points, while the NSE Nifty is trading up by 76 points.

MAHANAGAR GAS at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Jun 15, 2021 12:27 PM

MAHANAGAR GAS share price has hit a 52-week high. It is presently trading at Rs 1,276. BSE 500 Index is up by 0.5% at 21,715. Within the BSE 500, MAHANAGAR GAS (up 3.8%) and PTC INDIA (up 10.0%) are among the top gainers, while top losers are DHFL and ADANI TRANSMISSION.

Indian Share Markets Open at Record Highs; IndusInd Bank & Asian Paints Top Gainers (Today's Market)

Jun 15, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 260 points, while the Nifty is trading higher by 75 points.

WIPRO at All Time High; BSE IT Index Up 0.7% (Today's Market)

Jun 15, 2021 09:31 AM

WIPRO share price has hit an all time high at Rs 564 (up 0.3%). The BSE IT Index is up by 0.7%. Among the top gainers in the BSE IT Index today are WIPRO (up 0.3%) and L&T INFOTECH (up 0.5%). The top losers include HEXAWARE TECHNOLOGIES and TATA ELXSI (down 0.1%).

TATA CONSUMER at All Time High; BSE FMCG Index Up 0.6% (Today's Market)

Jun 15, 2021 09:31 AM

TATA CONSUMER share price has hit an all time high at Rs 723 (up 0.9%). The BSE FMCG Index is up by 0.6%. Among the top gainers in the BSE FMCG Index today are TATA CONSUMER (up 0.9%) and NESTLE (up 0.4%). The top losers include EMAMI (down 0.2%) and GODREJ AGROVET (down 0.4%).

POWER GRID at All Time High; BSE POWER Index Down 0.3% (Today's Market)

Jun 15, 2021 09:31 AM

POWER GRID share price has hit an all time high at Rs 252 (up 0.8%). The BSE POWER Index is down by 0.3%. Among the top gainers in the BSE POWER Index today are POWER GRID (up 0.8%) and SIEMENS (up 0.7%). The top losers include ADANI POWER (down 5.0%) and ADANI TRANSMISSION (down 5.0%).

View More Indian Share Market News

Most Popular

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

My 'Unlock' Investments(Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels(Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

Rs 2 Trillion Stimulus Coming to a Stock Market Near You(Profit Hunter)

Jun 2, 2021

Get ready to profit from a massive stimulus that you've never seen before.

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


Jun 15, 2021 (Close)

MARKET STATS