Sensex Opens Flat; Telecom and Automobiles Stocks Lag

Mon, 21 Sep 09:30 am

   Previous Close   

   Pre-Open   

   SGX Nifty   

   12:30 pm   

   Closing   

Asian stock markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.1% while the Hang Seng is down 0.5%. The Nikkei 225 is trading up by 0.2%.

In the US, stocks turned lower on Friday as rising COVID cases and a patchy economic recovery dampened risk sentiment, with technology stocks reversing early gains to extend their declines to a third day.

Back home, Indian share markets have opened the day on a flat note.

SGX Nifty was trading lower in the early morning session.

The BSE Sensex is trading up by 10 points.

The NSE Nifty is trading higher by 9 points.

HCL Technologies and TCS are among the top gainers today.

Meanwhile, the BSE Mid Cap index has opened up by 0.3%.

BSE Small Cap index is also trading higher by 0.3%.

Sectoral indices are trading mixed with BSE Consumer Durables Index witnessing maximum buying interest. BSE Telecom Index is trading in the red.

Moving on, the rupee is currently trading at 73.53 against the US$.

Gold prices are currently trading up by 0.5% at Rs 51,715. In our latest episode of Investor Hour Podcast, Jim Rogers joins Rahul Goel to talk about gold and more....

In the podcast, he tells that he was buying gold and silver and would buy even more. He believes you can get rich with investments in gold and silver.

He is buying stocks too...but not the ones you might expect.

In this freewheeling chat, Jim also talked about China, his view on the US dollar, the opportunities in agriculture, the bubble in tech stocks, bonds, bitcoin...and more.

Tune in here:

Moving on to the stock specific news...

ITC is among the top buzzing stocks today after it was reported that ITC has increased its stake in start-up Delectable Technologies Pvt Ltd to 20.1% through acquisition of compulsorily convertible preference shares as part of its deal to acquire 33.4% stake in the latter.

Last year in November, ITC had announced that it would acquire 33.4% of the share capital of Delectable Technologies for a cash consideration of up to Rs 75 million, to be paid in four tranches over a period of 12 months.

With the aforesaid acquisition, the company's shareholding in Delectable aggregates 20.1% of its share capital on a fully diluted basis.

Delectable is engaged in fabricating vending machines and app-based sales of FMCG products through such machines.

ITC share price opened the day flat.

Moving on to the news from automobiles sector.

Yamaha Motor on Sunday said it estimates sales in the Indian market to be the lowest in a decade in 2020 because of drastic fall in consumer's buying sentiment due to COVID-19 pandemic.

The Japanese company's wholly-owned subsidiary Yamaha Motor India Sales, which has witnessed a fall of over 36% in its domestic sales in January-August this year, opines that the pandemic is likely to change the practice of shared transportation as people will prioritise social distancing and personal hygiene.

The company had witnessed that the pandemic brought about a drastic shift in consumer buying habits and behaviours in terms of usage of transportation means.

During January-August this year, Yamaha sold 2,88,942 units of two-wheelers compared to 4,54,617 units in the year-ago period, a decline of 36.4%.

The company, however, is witnessing its sales coming back on track in the last two months with 4.3% in July and 14.8% rise in August as against the same period of last year.

How this pans out going forward remains to be seen.

Speaking of the automobile sector, have a look at the chart below which shows the performance of BSE auto index for the month of September since inception.

The BSE auto index ended in the red on only 3 out of the last 15 years for the month of September. That's a success ratio of 80%.

The auto index has entered the greed phase in September 2019 and will stay there until December 2021. This means there is still a lot of fuel left for auto stocks.

How automobile stocks perform in the coming months remains to be seen. Stay tuned for more updates from this space.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers