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?  

Sensex Ends 82 Points Higher; Metal and Realty Stocks Witness Buying
Wed, 18 Sep Closing | Monish Vora, TM Team

Indian share markets ended their trading session marginally higher.

On the sectoral front, gains were seen in the metal sector and realty sector.

At the closing bell, the BSE Sensex stood higher by 82 points (up 0.2%) and the NSE Nifty closed higher by 23 points (up 0.2%).

The BSE Mid Cap index ended up by 0.4%, while the BSE Small Cap index ended the day up by 0.3%.

--- Advertisement ---
This Simple Test Will Tell You If a Stock Has 100X Potential…

The most profitable of stocks tend to have 3 things in common…

It's quite rare to find all three characteristics in a single stock – which is why stocks that fulfill these 3 conditions give investors the chance to make an absolute fortune in the long term.

You'll find a full explanation of the 3 traits that make a stock worthy of 100X potential, in this note…

We've recently discovered a small Indian company that fulfills all 3 conditions, and has the potential to generate huge potential wealth in the long term.

Richa Agarwal calls it her No. 1 Small Cap Stock for 2020.

Read on for details...
------------------------------

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood down by 0.13% and the Nikkei was trading down by 0.18%, while the Shanghai Composite was trading up by 0.25%.

European markets were trading on a positive note. The FTSE 100 was up by 0.25%. The DAX was trading up by 0.10%, while the CAC 40 was up by 0.12%.

The rupee was trading at 71.26 to the US$ at the time of writing.

Speaking of stock markets, you'll hear this following quote often...

  • "Be fearful when others are greedy and greedy when others are fearful." - Warren Buffett

But how do you practice this?

How do you know when everyone is greedy or fearful?

Well, the media is one source. When you hear headlines predicting gloom and doom, pessimism is strong all around.

Google trends are an interesting source too.

The keyword 'Multibagger' tends to peak when there is euphoria all round. The same keyword drops when there is pessimism.

Are We Close to Peak Pessimism in the Stock Market?

As can be seen form the chart above, 'Multibagger' search term peaked in India in Jan 2018. Mid and small caps were at multi-year highs. Since then, Mid and small caps corrected by 26% and 37% respectively.

Similarly, 'Multibagger' search was at its lowest in August 2013. Mid and small caps were at multi-year lows. Then from 1 Aug 2013 to 15 Jan 2018, mid and small caps were up by 233% and 282% respectively.

Currently, 'Multibagger' search is at its lowest levels. Like in 2013, retail investors are dumping stocks and looking for other safe assets.

Will history repeat itself?

In other news, Sintex Plastics Technology share price was in focus today. The stock of the company witnessed selling pressure today after the company said in a regulatory filing on September 18 that its chief financial officer (CFO) had resigned two days earlier.

The company said Yashpal Jain has tendered his resignation as a chief financial officer and key managerial personnel of the company on personal grounds with effect from close of business hours on September 16, 2019.

In the news from the hotel sector, hotel stocks were witnessing buying interest today after GST rate fitment committee proposed to cut tax from 28% to 18% on hotel tariff of Rs 7,500 and above, or to hike threshold tariff to Rs 10,000 with 28%.

Earlier tax on hotels tariff below Rs 7,500 was 18% and above that was taxed at 28%.

Moving on to the news from the macroeconomic space, India will soon start issuing unique numbers for landholdings as part of an exercise expected to bring transparency and end dubious land ownership.

As per a leading financial daily, the rural development ministry has started work on assigning a standardised unique number for each surveyed plot. The unique number will have details of the state, district or zilla, tehsil or taluka, block level and street information, wherever applicable, and information about the plot including size and ownership details.

The unique land parcel number could subsequently be linked to the Aadhaar and revenue court system.

As per the news, the government is of the view that assigning unique numbers to plots of land would facilitate real estate transactions, help resolve property taxation issues and improve disaster planning and response efforts, besides making it easier to acquire land for public projects.

It is estimated that disputes over land, validity of titles and records and rightful ownership account for two-thirds of the cases pending in the country's courts and it takes over 20 years on average to resolve them, impacting sectors and projects.

Besides, land is often used as collateral for loans taken by farmers and unclear land deals inhibit their capacity to do so. Industry executives said this is a much-needed measure.

How this development pans out and what effect it will have on the realty sector remains to be seen. Meanwhile, we will keep you updated on all the developments from this space.

Also, speaking of the realty sector, in the below video, Sarvajeet Bodas talks about how Modi's push towards affordable housing can revive the real estate sector and accelerate the economic activity:

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

Equitymaster requests your view! Post a comment on "Sensex Ends 82 Points Higher; Metal and Realty Stocks Witness Buying". Click here!

  

Stock Market Updates

ENGINEERS INDIA Plunges by 5%; BSE CAPITAL GOODS Index Down 0.2% (Today's Market)

Oct 14, 2019 03:32 PM

ENGINEERS INDIA share price has plunged by 5% and its current market price is Rs 112. The BSE CAPITAL GOODS is down by 0.2%. The top gainers in the BSE CAPITAL GOODS Index are BHARAT ELECTRONICS (up 3.6%) and SUZLON ENERGY (up 3.0%). The top losers is ENGINEERS INDIA (down 5.0%).

INDIA TOURISM DEV. Surges by 11%; BSE 500 Index Up 0.2% (Today's Market)

Oct 14, 2019 03:26 PM

INDIA TOURISM DEV. share price has surged by 11% and its current market price is Rs 269. The BSE 500 is up by 0.2%. The top gainers in the BSE 500 Index is INDIA TOURISM DEV. (up 11.2%). The top losers are GODREJ CONSUMER and TTK PRESTIGE .

REPCO HOME Plunges by 6%; BSE 500 Index Up 0.6% (Today's Market)

Oct 14, 2019 03:10 PM

REPCO HOME share price has plunged by 6% and its current market price is Rs 300. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index are PC JEWELLER (up 9.5%) and MOTILAL OSWAL (up 8.9%). The top losers are REPCO HOME (down 6.2%) and PNB HOUSING FINANCE LTD (down 5.7%).

RELIANCE CAPITAL Plunges by 10%; BSE 500 Index Up 0.7% (Today's Market)

Oct 14, 2019 02:58 PM

RELIANCE CAPITAL share price has plunged by 10% and its current market price is Rs 17. The BSE 500 is up by 0.7%. The top gainers in the BSE 500 Index are PC JEWELLER (up 11.2%) and INDIA TOURISM DEV. (up 8.9%). The top losers is RELIANCE CAPITAL (down 10.0%).

BAJAJ CONSUMER CARE Plunges by 5%; BSE FMCG Index Up 0.4% (Today's Market)

Oct 14, 2019 01:54 PM

BAJAJ CONSUMER CARE share price has plunged by 5% and its current market price is Rs 243. The BSE FMCG is up by 0.4%. The top gainers in the BSE FMCG Index are P&G HYGIENE (up 3.1%) and GODFREY PHILLIPS (up 2.3%). The top losers is BAJAJ CONSUMER CARE (down 5.1%).

Indian Indices Extend Gains; Tata Motors & ONGC Climb 5% (Today's Market)

Oct 14, 2019 12:30 pm

The BSE Sensex is trading up by 218 points, while the NSE Nifty is trading up by 57 points.

View More Indian Share Market News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

What if Indiabulls Housing Finance and Yes Bank Do Not Rebound?(Profit Hunter)

Oct 1, 2019

How long should you wait for fallen blue chips like Yes Bank and Indiabulls Housing Finance to rebound?

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Oct 14, 2019 (Close)

MARKET STATS