X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 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?  

Indian Indices Trade Marginally Higher; Realty Stocks Witness Buying
Thu, 7 Sep 11:30 am | Monish Vora, TM Team

Stock markets in India are presently trading near the dotted line with positive bias. Sectoral indices are trading on a mixed note with stocks in the healthcare sector and realty sector witnessing maximum buying interest. Oil & gas stocks are trading in the red.

The BSE Sensex is trading up 28 points (up 0.1%) and the NSE Nifty is trading up 17 points (up 0.1%). The BSE Mid Cap index is trading up by 0.8%, while the BSE Small Cap index is trading up by 0.7%. The rupee is trading at 64.03 to the US$.

In the news from IPO space, Dixon Technologies (India) Ltd. got subscribed 78% on the first day of the IPO bidding. The issue received bids for 18,58,776 shares against the total issue size of 23,76,557 shares.

On the other hand, the IPO of Bharat Road Network Ltd. was subscribed 22% on the first day of the bidding process. The issue received bids for 64,09,765 shares against 2,93,00,000 shares on offer.

Tomorrow is the last date of offer for both the above IPOs.

Do these companies have sound business models? Are they leaving enough money on the table for investors?

We have released our IPO note for both the above IPOs. You can access the same in our IPO section.

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.

Apart from the above, there are more IPOs in the offing. Our research team is geared up to evaluate the upcoming IPOs of Matrimony.com and Capacit'e Infraprojects next week. Thereafter, there are also the IPOs of Prataap Snacks and SBI Life Insurance (dates not announced yet). Watch out this space for updates on the same.

One shall note that 2017 is set to be the biggest IPO year ever - even bigger than 2010, when 64 companies raised a collective Rs 375 billion through their IPOs. To know which IPOs to subscribe to, you can download our FREE report - How to Get Rich with IPOs. This report will show you how to safely profit from the 2017 IPO rush.

In the news from buyback space, Infosys promoters, including co-founders N.R. Narayana Murthy and Nandan Nilekani, have offered to sell as many as 1.77 crore shares in the company's Rs 130 billion share buyback offer.

At a buyback price of Rs 1,150 per share, this could mean worth Rs 20 billion shares from the promoter group, if all the shares tendered by them are accepted in the buyback offer.

Speaking of share buybacks, many buybacks are set to hit a new record this financial year. As per Prime Database, in the first five months of FY18, at least twenty companies have offered to buy back shares worth Rs 480 billion.

Share Buybacks on Record Spree

As per Rahul Shah, co-head of Research, investors should not assume buybacks are always good. Here's an excerpt of what he wrote in a recent edition of The 5 Minute Wrapup:

  • The reason behind the buyback must be investigated. At the end of the day, an increase in earnings should be more a function of the inherent robustness of the business, as that's what will help it continue to grow at a healthy pace.

The topic also brings us to ask: Do buy-backs offer an arbitrage opportunity for retail investors? Ankit Shah has answered this question in a recent edition of Equitymaster Insider. You can access the issue 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


Please Note: The stock price of Yes Bank on NSE-50 is not adjusted for face value split. Kindly refer to its BSE's quote today for the adjusted price.

Equitymaster requests your view! Post a comment on "Indian Indices Trade Marginally Higher; Realty Stocks Witness Buying". Click here!

  

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Sep 22, 2017 03:27 PM

MARKET STATS