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?  

Of Hurricane Irma, Matrimony.com IPO, Tata Motors & Other Top Cues in Action Today
Mon, 11 Sep Pre-Open | Karan Janani, TM Team

Indian stock markets remained cautious with both BSE Sensex and NSE Nifty closing on a flat note with positive leaning.

At the closing bell last week, the BSE Sensex closed higher by 25 points and the NSE Nifty finished up 5 points. The S&P BSE Mid Cap finished down by 0.4% while & S&P BSE Small Cap too finished down by 0.2%. Gains were largely seen in capital goods' stocks, FMCG stocks and metal stocks. Realty stocks and PSU stocks witnessed majority of the selling pressure.

Top Stocks in Focus

L&T share price is expected to witness some action today as construction major Shapoorji Pallonji has pipped L&T to win the government's Rs 26 billion project. As per an article in The Economic Times, the project involves redeveloping the ITPO complex in the national capital into an exhibition-cum-convention center. The company is also hopeful of bagging some six defence contracts amounting to Rs 400 billion.

PNB and BSNL are reportedly ready to team up to roll out open mobile wallet Speedpay across 10 states in the country. PNB's Speedway wallet will operate like any other mobile wallet for paying bills, recharging phone besides its users will be able to deposit and withdraw money from authorised retail outlets. Also, Speedway users will be able to operate Internet banking services from the application.

IDBI Bank share price is expected to be in limelight after it was reported that the state lender has sought fresh bids for acquiring the remaining 13.71% stake in Small Industries Development Bank of India (Sidbi).

In news from automobile sector, Tata Motors-owned Jaguar Land Rover (JLR) today reported a 4.3% increase in retail sales at 38,519 units in August 2017 as compared to the same month last year.

The company said sales during the month grew on the back of the launch of the new Range Rover Velar and the long wheel base Jaguar XFL in China. Retail sales were also up year-on-year in markets such as China and North America. However, Europe, the UK and other overseas markets witnessed a decline in sales.

Meanwhile, Maruti Suzuki share price could witness some momentum as the company commenced the review for establishing a fourth assembly line in Gujarat to strengthen its leadership status on the country's automotive segment. On commissioning, the fourth production line would take Suzuki's total installed capacity to a million units in Gujarat. The estimated investment could be in the range of Rs 30 billion.

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.

IPOs on the Table This Week

Two companies viz. Matrimony.com & Capacit'e Infraprojects Ltd are bringing their IPOs to the financial market this week.

Matrimony.com, which runs an online match-making business under the BharatMatrimony name will launch its Rs 5 billion IPO today. It has set a price band of Rs 983-985 for the share sale. The company raised Rs 2.25 billion by allotting shares to institutional investors as part of its anchor book allotment.

The IPO closes on 13 September. The company is looking to raise Rs130 crore in primary capital through the IPO, while some existing shareholders are selling shares in a secondary offering.

Meanwhile, Mumbai-based construction company Capacit'e Infraprojects has set the price band of its Rs 4 billion initial public offering at Rs 245-Rs 250 per share. The issue is set to open on September 13 and close on September 15.

To get a more detailed view on the IPO sector, 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.

Storms Fuel Worry in Global Markets

Markets in US and Europe closed under pressure as Hurricane Irma moved toward the East Coast of USA while interest rates affected the financial stocks.

Meanwhile, reduced expectations for another U.S. Federal Reserve interest rate hike this year helped drive down the dollar to its lowest in more than 2-1/2 years last week and kept gold near a one-year high while the euro hit multi-year peaks in the wake of a European Central Bank meeting last week.

Oil prices Continue to Fall

Oil prices dropped by more than 3% Friday to the lowest finish in a week as domestic refineries saw a slow recovery from flooding due to Hurricane Harvey, which made landfall on the Texas coast two weeks ago.

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


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 "Of Hurricane Irma, Matrimony.com IPO, Tata Motors & Other Top Cues in Action Today". 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 (Close)

MARKET STATS