Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Sensex Trades Marginally Higher; Tata Steel & Bajaj Finance Top Gainers
Wed, 18 Sep 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading on a positive note, tracking gains in global peers. US President Donald Trump said he did not want war and Saudi Arabia said it would restore its lost crude oil output by the end of September.

Market participants are awaiting the outcome of the US Federal Reserve's policy meeting due later today.

Sectoral indices are trading mixed with stocks in the telecom sector and FMCG sector witnessing selling pressure, while metal stocks and realty stocks are witnessing buying interest.

--- Advertisement ---
A Special Report for Small Cap Investors – 'Rebound Riches'

Our exclusive small cap investment MEGA Event held on 14 October was a huge success which more than 6000+ people attended.

In that Event, we released our special report, Rebound Riches: 3 Stocks Set to Become India's Next Mega-Stocks', in which we reveal you the 3 stocks that you could consider investing in before the market rebounds.

Click here to watch the video and know how to get access to this special report.

The BSE Sensex is trading up by 47 points while the NSE Nifty is trading up by 14 points. The BSE Mid Cap index is trading up by 0.5%, while the BSE Small Cap index is trading up by 0.3%.

The rupee is currently trading at 71.31 against the US$.

Speaking of stock markets in general, the market is typically focused on the most recent star performers.

You will often find the likes of HUL or HDFC Bank being the market darlings for never having a disappointing quarter.

But it is rare to find companies that thrive through most of their survival period.

--- Advertisement ---
New Stock Alert!

We have an urgent update for you...

This is regarding top small cap guru Richa Agarwal's Rebound Riches project.

In this project, Richa Agarwal filters high potential stocks in the small cap space that are beaten down for no solid reason…and could potentially soar as soon as the market rebounds.

So far, Richa has already identified 3 exciting stocks in the small caps...

Now she has found the 4th rebound riches stock which is a market leader in its niche and is 50% down from its peak in January 2018.

Click here to know the details.

Tanushree Banerjee shares few of her thoughts on this. Here's an excerpt of what she wrote in a recent edition of The 5 Minute WrapUp...

  • It is rare to find companies that survive for decades. It's even rarer to find ones that thrive through most of their survival period.

    So, if you do not wish to pay steep valuations for the market darlings, you need to look for the companies with history and consistency on their side.

    And they shouldn't be too conspicuous to the market either.

    I am talking of companies like Hawkins and City Union Bank. They have a track record of paying dividends for decades.

    The dividends such companies pay are especially helpful at a time when globally interest rates are headed lower.

And, as seen in the chart below, 'risk-free returns' from debt seem to have gone missing.

Inflation Adjusted Risk Free Returns Are Negligible Globally

So, should you ignore the big bluechips while chasing dividend stocks?

As per Tanushree, big money is made over the long term, not by making more in the good years but by losing less in the bad years.

In news from the finance sector, a resolution plan to rescue debt-laden Dewan Housing Finance Corporation (DHFL) has hit a major roadblock as only a small segment of bondholders have agreed to be on board.

According to a custodian of DHFL bonds, the process has been further complicated as certain bondholders have initiated a process to take DHFL to bankruptcy court.

As per reports, out of the 87,000 debenture holders who had been asked to be party to the resolution plan being deliberated upon by banks, only 24,400 debenture holders had responded before the due date earlier this month.

The banks have signed an inter-creditor agreement (ICA) to come up with a plan to restructure nearly US$ 14 billion of DHFL's debt. They had been trying to get bondholders on board as well for the plan to succeed.

As per the new central bank rules for resolving bad debts, it is mandatory for 75% of lenders by value and 60% by number to sign the ICA to execute a revival plan which in DHFL's case can be achieved only with the support of bondholders.

Banks will need support from insurance companies, pension funds and other institutional investors to approve the resolution plan. The deadline for this plan ends on 25 September.

Banks have a collective Rs 350 billion exposure to DHFL through loans, and the lenders also hold debentures. Bond holders, which include mutual funds, insurance companies and pension funds, also have a Rs 450 billion exposure.

State Bank of India (SBI), Bank of Baroda and Union Bank of India are the top lenders to the company.

DHFL share price is presently trading down by 2.1%.

Moving on to news from the realty sector, Sunteck Realty share price is in focus today. Stock of the company gained over 3.5% intraday after the company acquired a premium project in Mumbai.

The luxury developer said it acquired a prime project near Mumbai's Lokhandwala, Andheri with the potential for development of approximately 1.1 million square feet in saleable area and a revenue of over Rs 25 billion in the next 4-5 years.

The company said that the project is acquired under the asset light Joint Development Agreement (JDA) model focused on establishing a strategic tie-up with credible partners, which will further strengthen company's cash flow and balance sheet.

To know more about the company, you can read Sunteck Realty's latest result analysis on our website.

Speaking of the realty sector, Research analyst, 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 Trades Marginally Higher; Tata Steel & Bajaj Finance Top Gainers". Click here!


Stock Market Updates

VA TECH WABAG Plunges by 5%; BSE CAPITAL GOODS Index Down 0.5% (Today's Market)

Oct 16, 2019 03:34 PM

VA TECH WABAG share price has plunged by 5% and its current market price is Rs 195. The BSE CAPITAL GOODS is down by 0.5%. The top gainers in the BSE CAPITAL GOODS Index are CG POWER & INDUSTRIAL (up 5.0%) and CARBORUNDUM UNIVERSAL (up 2.2%). The top losers are VA TECH WABAG (down 5.1%) and DILIP BUILDCON LTD (down 5.7%).

WHIRLPOOL OF INDIA at All Time High; BSE CONSUMER DURABLES Index Up 0.4% (Today's Market)

Oct 16, 2019 03:34 PM

WHIRLPOOL OF INDIA share price has hit an all time high at Rs 2,155 (up 1.5%). The BSE CONSUMER DURABLES Index is up by 0.4%. Among the top gainers in the BSE CONSUMER DURABLES Index today are WHIRLPOOL OF INDIA (up 1.5%) and TITAN (up 0.2%). The top losers include RAJESH EXPORTS (down 0.6%) and VIP INDUSTRIES (down 0.6%).

INDIABULLS HOU. FIN. Plunges by 11%; BSE 500 Index Up 0.4% (Today's Market)

Oct 16, 2019 03:32 PM

INDIABULLS HOU. FIN. share price has plunged by 11% and its current market price is Rs 195. The BSE 500 is up by 0.4%. The top gainers in the BSE 500 Index are GIC OF INDIA (up 20.0%) and BAJAJ CONSUMER CARE (up 20.0%). The top losers are INDIABULLS HOU. FIN. (down 10.7%) and PNB HOUSING FINANCE LTD (down 12.6%).

GAYATRI PROJECTS Surges by 5%; BSE REALTY Index Up 1.2% (Today's Market)

Oct 16, 2019 03:16 PM

GAYATRI PROJECTS share price has surged by 5% and its current market price is Rs 115. The BSE REALTY is up by 1.2%. The top gainers in the BSE REALTY Index is GAYATRI PROJECTS (up 5.1%). The top losers are OMAXE LTD (down 0.2%) and INDIABULLS REAL EST (down 4.9%).

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

Oct 16, 2019 03:10 PM

TRIVENI TURBINE share price has plunged by 5% and its current market price is Rs 101. The BSE CAPITAL GOODS is down by 0.2%. The top gainers in the BSE CAPITAL GOODS Index are CG POWER & INDUSTRIAL (up 5.0%) and NBCC (INDIA) LTD (up 2.1%). The top losers are TRIVENI TURBINE (down 5.2%) and DILIP BUILDCON LTD (down 5.6%).

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...

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?

Rebound Riches Could be Yours With These Stocks(Profit Hunter)

Oct 4, 2019

The secret to multibagger is not big businesses, but great managements... Here's how to find them to make the most of once in a decade rebound opportunity.

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.


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


Oct 16, 2019 (Close)