Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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

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?  

Indian Indices Trade Marginally Higher; Energy Stocks Witness Buying
Wed, 20 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 energy sector and capital goods sector witnessing maximum buying interest.

The BSE Sensex is trading up 20 points (up 0.1%) and the NSE Nifty is trading flat. The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is trading up by 0.2%. The rupee is trading at 64.37 to the US$.

As per an article in the Economic Times, the government will soon unveil measures to speed up economic growth, generate employment, lift exports, and revive investments in infrastructure.

As per the news, a broad framework to boost the economy was discussed a meeting of ministers and officials chaired by finance minister Arun Jaitley yesterday evening.

This comes as the government is grappled with a slump in GDP growth which stood at a three-year low of 5.7% in the April-June quarter.

GDP at 3-year Low Post Notebandi and GST

The aftereffects of Notebandi and the Goods and Service Tax (GST) were mainly responsible for the above slowdown. The growth was much lower than analyst estimates of around 6.6%.

Manufacturing growth stunted to 1.2% during the quarter compared to 10.7% a year ago. The transition to the GST regime affected the sector as dealers de-stocked and manufacturers offered discounts before GST took effect.

As we have been saying, GST is a much-needed economic reform. It should eventually expand India's narrow tax base and increase government revenues.

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.

After this decline, the upcoming few quarters will be critical. Growth is expected to normalise as businesses start aligning themselves to the post-GST regime. But only growth will determine how well the Indian economy has adapted to GST.

In other news, shares of tyre companies are witnessing buying interest today. This comes as the government imposed anti-dumping duty on import of certain type of radical tyres used in buses and trucks to protect domestic manufacturers from below cost imports from China. The ban has been imposed for five years.

The anti-dumping duty has been imposed in the range of US$245.35-452.33 per tonne on new pneumatic radical tyres with or without tubes and/or flap or rubber having rim code above 16 inch. These tyres are used in buses and lorries/trucks.

Stocks of companies such as JK Tyre, TVS Srichakra, Ceat, and Apollo Tyres are witnessing buying interest today owing to the above development.

The above development bodes well for Indian tyre companies and will add to their profitability.

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 "Indian Indices Trade Marginally Higher; Energy Stocks Witness Buying". Click here!


Stock Market Updates

ASHOK LEYLAND at All Time High; BSE AUTO Index Up 0.2% (Today's Market)

Apr 25, 2018 01:31 PM

ASHOK LEYLAND share price has hit an all time high at Rs 163 (up 2.39%). The BSE AUTO Index is down by 0.23%. Among the top gainers in the BSE AUTO Index today are ASHOK LEYLAND (up 2.39%) and BOSCH LTD (up 0.21%). The top losers include TVS MOTORS (down 0.08%) and MOTHERSON SUMI (down 0.15%).

Indian Indices Trade Marginally Lower; Metal Stocks Witness Losses (Today's Market)

Apr 25, 2018 12:30 pm

The BSE Sensex is trading down by 50 points, while the NSE Nifty is trading down by 19 points.

SONATA SOFTWARE at All Time High; BSE IT Index Up 1.4% (Today's Market)

Apr 25, 2018 10:58 AM

SONATA SOFTWARE share price has hit an all time high at Rs 386 (up 3.03%). The BSE IT Index is up by 1.36%. Among the top gainers in the BSE IT Index today are SONATA SOFTWARE (up 3.03%) and ORACLE FINANCIAL SERVICES (up 1.48%). The top losers include 63 MOONS TECH. (down 1.16%).

Sensex Opens Marginally Lower; Realty & Metal Stocks Drag (Today's Market)

Apr 25, 2018 09:30 am

Indian share markets open lower with Sensex trading down by 35 points, while the Nifty is trading down by 7 points.

M&M at All Time High; BSE AUTO Index Flat (Today's Market)

Apr 25, 2018 09:29 AM

M&M share price has hit an all time high at Rs 847 (up 0.75%). The BSE AUTO Index is down by 0.02%. Among the top gainers in the BSE AUTO Index today are M&M (up 0.75%) and MRF LTD. (up 0.06%). The top losers include EXIDE INDUSTRIES (down 0.02%) and EICHER MOTOR (down 0.07%).

Rural India Powering Bikes, Crude Oil Woes and Top Stocks in Action (Today's Market)

Apr 25, 2018 Pre-Open

Entry level bikes in demand, rising crude import bill and stocks in action today...

View More Indian Share Market News

Most Popular

Why India is Short of Cash Again(Vivek Kaul's Diary)

Apr 19, 2018

It is basically a supply problem with not enough currency going around in the financial system.

A Sure Shot Way to Predict a Multibagger Stock(The 5 Minute Wrapup)

Apr 17, 2018

The imaginary stock price of IIM Ahmedabad could have rivalled the returns from Titan and Asian Paints thanks to its enormous pricing power.

Why Buffett Would Scowl at My Latest Recommendation...(Profit Hunter)

Apr 18, 2018

Warren Buffett's advice that may not be so relevant in these dynamic times, and could do investors more damage than good when taken at the face value.

This is How a Smart Robo-Advisor can Help You Chart Your Asset Allocation...(Outside View)

Apr 16, 2018

PersonalFN explains how a dependable robo-advisory platform can help you create your personalized asset allocation plan

How Retail Investors Often Dump the Best Buying Opportunities(Chart Of The Day)

Apr 16, 2018

A journey into how retail investors have invested since the turn of the millennium and why I don't want to do repeat that mistake ever again...


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Apr 25, 2018 (Close)