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?  

Indian Indices End Flat; Nestle, HDFC and ICICI Bank Among Top Losers
Wed, 22 Sep Closing

Indian share markets witnessed volatile trading activity throughout the day today and ended on a flat note.

Benchmark indices fluctuated between gains and losses ahead of Fed meeting outcome and unknown risks from Evergrande crisis in China.

At the closing bell, the BSE Sensex stood lower by 78 points (down 0.1%).

Meanwhile, the NSE Nifty closed lower by 15 points (down 0.1%).

Coal India and Tech Mahindra were among the top gainers today.

Nestle India and HDFC, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,558, down by 2 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1.5% and 1.2%, respectively.

On sectoral front, huge gains were seen in the realty stocks after the BSE Realty index ended the day up by 8.4%.

Banking and finance stocks, on the other hand, witnessed selling pressure.

Shares of Mindtree and Linde India hit their respective 52-week highs today.

--- Advertisement ---
Watch this Before Investing Your Money in EV Stocks

On Monday, we revealed this massive 15x opportunity in electric vehicles.

And also shared the details of 3 EV stocks to ride this mega opportunity.

Now, these are not typical EV stocks. Instead, these are what we call the backdoor EV stocks.

As per our research, the best way to ride the 15x EV wave is through these 3 stocks only.

You can get full details by watching this video...
------------------------------

Asian stock markets ended on a mixed note today as investors tried to digest the crisis at Chinese property giant Evergrande. Markets in Korea and Hong Kong were shut.

The Shanghai Composite ended the day up by 0.4%, while the Nikkei ended down by 0.7%.

US stock futures are trading on a firm note today with the Dow Futures trading up by 200 points.

The rupee is trading at 73.87 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 46,674 per 10 grams.

Speaking of stock markets, Brijesh Bhatia talks about how you can protect your portfolio in a market crash, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

In news from the banking sector, Axis Bank was among the top buzzing stocks today.

Axis Bank has committed Rs 300 bn lending till fiscal year 2025-26 under its sustainable financing framework.

These commitments are in line with the Sustainable Development Goals (SDGs), supporting India's commitments under the Paris Agreement.

As part of its commitments, the bank has set a target of incremental lending of Rs 300 bn over the next 5 years, under wholesale banking towards pertinent sectors included in its Sustainable Financing Framework (SFF).

Environmental, Social and Governance (ESG) is a measure which investors use as a tool to assess how good the practices of a company are. For the last 3-4 years, the words sustainability and ESG have made people sensitive about the whole idea of a sustainable planet.

Rajesh Dahiya, Executive Director (Corporate Centre), Axis Bank said,

  • The bank's existing wholesale banking portfolio towards SFF, including green and social sectors, is little over Rs 290 bn and it intends to lend to companies where there are green practices.

    After five years till 2025-26, the bank will assess these lendings to see positive, social, and environmental outcomes and increase it further.

Going forward, the lender will also scale down its exposure to carbon-intensive sectors in its wholesale banking business portfolio.

The lender said it is expanding its ESG risk coverage in credit appraisal under its ESG policy for lending.

Axis Bank share price ended the day down by 0.9% on the BSE.

--- Advertisement ---
[Alert] Sell These 3 Stocks Immediately

These 3 stocks are ticking time bombs in your portfolio.

It is very likely that you could be owning these 3 overvalued...

fundamentally weak... ready to crash stocks... in your portfolio today.

Because many stock brokers have painted rosy pictures of these stocks. But the reality is starkly different.

If the market crashes, then these stocks could wipe out your wealth.

You should get rid of these stocks as soon as possible.

Click her for full details of these 3 landmines
------------------------------

Moving on to news from the IT sector...

KPIT Tech Stock Jumps on Nod to Buy Germany's Future Mobility

Shares of KPIT Technologies surged today after the company's board approved the acquisition of Germany's Future Mobility.

Auto industry-focused technology firm KPIT Technologies today said its board of directors has approved acquisition of 25% stake in Germany-based Future Mobility Solutions GmbH (FMS), and the remaining stake over the next three years.

In an exchange filing, the company said it expects the acquisition of first tranche of 25% stake in Future Mobility to be completed in September 2021, while 100% acquisition is expected by the last quarter of financial year 2023-24.

The total consideration for 100% shareholding will not exceed 15.6 m euros, KPTI Technologies said.

The company further added,

  • FMS will add certain unique proprietary offerings in the autonomous driving domain.

    The partnership will improve KPIT access to one strategic client with new offerings and strengthen KPIT market presence in Germany.

Future Mobility is engaged in software and feature development in autonomous driving, ADAS and vehicle safety and integration and validation.

Future Mobility had a turnover of 4.3 m euros in calendar year 2020, which is expected to increase to 5.4 m euros in 2021.

Instant Updates: Join Our Telegram Channel and Get Instant Updates

The company has over 50 employees and is headquartered in Gaimersheim in Germany. It also has an office in Frankfurt in the country.

KPIT Tech share price ended the day up by 6.1% on the BSE.

Speaking of stocks, here's a pattern that if you see, you must sell your position. After all, exits are more important than entries.

In the chart below, we can see the head and shoulder pattern - the stock goes up, makes a high, falls a little bit, goes up to a higher high, does not make a higher low, rallies again, fails to make a new high, and then starts to break down.

This usually happens in a situation where a stock or index has typically been in a bull trend for a while. Spotting this correctly can help you save money.

If you're interested in trading and want to know how you can use this pattern, you can read about it in one of the editions of Profit Hunter here: It's When You Sell that Counts

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian Indices End Flat; Nestle, HDFC and ICICI Bank Among Top Losers". Click here!

  

Stock Market Updates

Sensex Ends 207 Points Lower as Metal & Banking Stocks Witness Selling; Axis Bank Tanks 7% (Today's Market)

Oct 27, 2021 Closing

Indian share markets ended on a negative note with the Sensex down by 207 points and the Nifty ending down by 57 points.

Sensex Trades in Green, Nifty Holds 18,250; Asian Paints and Sun Pharma Top Gainers (Today's Market)

Oct 27, 2021 10:30 am

Indian share markets are trading in green with the Sensex up by 81 points, while the Nifty is trading higher by 22 points.

SGX Nifty Down 41 Points, BPCL Privatisation Hits Roadblock, Zee Entertainment's Board Meeting, and Buzzing Stocks Today (Today's Market)

Oct 27, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

Tata Group Stocks are on Fire: Which one Should You Buy?(Profit Hunter)

Oct 15, 2021

Tata group stocks are on fire. Find out which one deserves your attention.

India's Big PSU Selloff: Watch Out for these Top Stocks(Views On News)

Oct 15, 2021

The government's plan to divest its stakes in PSUs could spark off a rally in these four stocks.

Up 31,500% in a Year! This Packaging Company Sheds its Penny Stock Status(Views On News)

Oct 18, 2021

What's driving the relentless rally in this packaging company?

Insider Alert! Promoters are Increasing their Stakes in these 5 Companies(Views On News)

Oct 19, 2021

Promoters of many small and mid-cap companies are raising their stakes since the last few quarters.

The One Company Riding the Auto Revolution Beyond EVs(Profit Hunter)

Oct 22, 2021

It's not just about batteries taking over the internal combustion engine. Bigger disruptive forces are coming along with electrification.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Oct 27, 2021 (Close)

MARKET STATS