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 Trades Marginally Higher, Dow Futures Down by 44 Points
Fri, 24 Sep 12:30 pm

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 149 points, up 0.3%, at 60,034 levels.

Meanwhile, the NSE Nifty is trading up by 32 points.

Asian Paints and HCL Technologies are among the top gainers today. JSW Steel and Tata Steel are among the top losers today.

The BSE Mid Cap index is trading down by 0.4%

The BSE Small Cap index is trading up by 0.04%.

On the sectoral front, stocks from the telecom sector are witnessing most of the buying interest.

On the other hand, stocks from the metal sector are witnessing most of the selling pressure.

US stock futures are trading lower today, indicating a negative opening for Wall Street.

Nasdaq Futures are trading down by 49 points (down 0.3%) while Dow Futures are trading down by 44 points (down 0.1%).

The rupee is trading at 73.71 against the US$.

--- Advertisement ---
Act Now - Govt's Mega 2023 Plan Could Bring a Tsunami of Wealth

The Indian government is planning to cover 40,000 km of national highways with EV charging stations by 2023.

This could accelerate EV adoption in India and lead to a potential massive rally in a few EV stocks.

We've already identified 3 such EV stocks for you.

And we'll be revealing all details about them in an exclusive online event this coming Monday.

Click the link below to register immediately.

YES, Register Me for FREE.
------------------------------

Gold prices are trading down by 0.1% at Rs 46,015 per 10 grams.

Gold prices edged lower in Indian markets today after falling more than 1% in the previous session, helped by a subdued dollar, although Federal Reserve's plans on reducing stimulus to the US economy kept the bullion on track for a third straight week of declines.

In global markets, gold prices plunged after record gains in global equities and benchmark 10-year bond yields in the United States.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

Even with the recent volatility in prices, gold and silver remain among the best performing commodities this year to combat the fallout from the coronavirus pandemic.

Find Out: How to Create Massive Gains from Govt's Mega 2023 Plan?

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

Speaking of the stock market, India's #1 trader, Vijay Bhambwani shares how you can profit from the alochol stocks cycle, in his latest video for Fast Profits Daily.

Moving on to stock-specific news...

Among the buzzing stocks today is Dilip Buildcon.

Shares of Dilip Buildcon jumped over 8% on the bourses in intraday trade today after the Supreme Court confirmed the appointment of the company and VPR Mining Infrastructure as mine developer and operator for the Pachhwara Central Coal Block mine.

The total contract value of the deal stands at Rs 321.6 bn.

The Pachhwara Central Coal Block is located in the Pakur district of Jharkhand and was reserved for end use by the power sector. It was allotted to Punjab State Power Corporation (PSPCL) for its captive utilisation.

The mineable reserve of the block is 382.1 MMT (million metric tonnes), which was to be exploited over 55 years by selection and appointment of a mine developer-cum-operator through a competitive bidding process.

The consortium of DBL and VPR emerged as the L1 bidder in the reverse auction conducted by PSPCL and consequently the letter of award (LoA) was issued in its favour. On 21 September, a Supreme Court bench took the decision in accordance with Section 11 of the Coal Mines Act of 2015.

--- Advertisement ---
Act Now - Govt's Mega 2023 Plan Could Bring a Tsunami of Wealth

The Indian government is planning to cover 40,000 km of national highways with EV charging stations by 2023.

This could accelerate EV adoption in India and lead to a potential massive rally in a few EV stocks.

We've already identified 3 such EV stocks for you.

And we'll be revealing all details about them in an exclusive online event this coming Monday.

Click the link below to register immediately.

YES, Register Me for FREE.
------------------------------

How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

At the time of writing, Dilip Buildcon shares were trading up by 3.4% on the BSE.

Moving on to news from the IPO space...

Sansera Engineering Shares List at 9% Premium to Issue Price

Automotive components manufacturer, Sansera Engineering listed on the exchanges today at Rs 811.5, a 9% premium to its issue price of Rs 744 per share.

The stock opened at Rs 811.4 on the BSE, while the opening price on the NSE was Rs 811.5.

The Rs 12.8 bn public issue, which opened during 14-16 September, saw a subscription of 11.5 times.

It received bids for 138 m equity shares against the IPO size of 12.1 m shares, generating bids worth Rs 103.3 bn.

Qualified institutional buyers bought 90.6 m shares which was 26.5 times the portion set aside for them. The portion reserved for retail investors was subscribed 3.2 times while that of non-institutional investors subscribed 11.4 times.

The IPO was a complete offer for sale.

The company issued more than 17.2 m equity shares through its public issue. The price band for the offer was Rs 734-744 per share.

Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors.

It is one of the top ten global suppliers of connecting rods within the light vehicle segment and commercial vehicle segment.

We will keep you posted on more updates from this space. Stay tuned.

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 "Sensex Trades Marginally Higher, Dow Futures Down by 44 Points". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Down by 30 Points (Today's Market)

Oct 20, 2021 12:30 pm

BSE Sensex is trading down by 226 points, while the NSE Nifty is down by 91 points.

Sensex Opens Marginally Lower; Tata Steel and Coal India Top Losers (Today's Market)

Oct 20, 2021 09:30 am

Indian share markets open marginally lower. The BSE Sensex opened down by 180 points, while the Nifty is trading lower by 85 points.

LEMON TREE HOTELS Share Price Down by 6%; BSE 500 Index Down 1.1% (Today's Market)

Oct 20, 2021 09:31 AM

LEMON TREE HOTELS share price is trading down by 6% and its current market price is Rs 53. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are ICICI SECURITIES (up 4.1%) and NESTLE (up 2.2%). The top losers are LEMON TREE HOTELS (down 5.6%) and CERA SANITARY (down 5.6%).

TCI EXPRESS Share Price Down by 6%; BSE 500 Index Down 0.9% (Today's Market)

Oct 20, 2021 09:29 AM

TCI EXPRESS share price is trading down by 6% and its current market price is Rs 1,620. The BSE 500 is down by 0.9%. The top gainers in the BSE 500 Index are TTK PRESTIGE (up 3.6%) and ICICI SECURITIES (up 3.4%). The top losers are TCI EXPRESS (down 5.8%) and CERA SANITARY (down 6.4%).

CERA SANITARY Share Price Down by 6%; BSE 500 Index Down 0.5% (Today's Market)

Oct 20, 2021 09:27 AM

CERA SANITARY share price is trading down by 6% and its current market price is Rs 6,275. The BSE 500 is down by 0.5%. The top gainers in the BSE 500 Index are TTK PRESTIGE (up 4.1%) and NETWORK18 MEDIA (up 3.8%). The top losers are CERA SANITARY (down 5.7%) and NAVIN FLUORINE (down 9.6%).

INDIAN ENERGY EXCHANGE Share Price Down by 6%; BSE POWER Index Down 0.7% (Today's Market)

Oct 20, 2021 09:25 AM

INDIAN ENERGY EXCHANGE share price is trading down by 6% and its current market price is Rs 843. The BSE POWER is down by 0.7%. The top gainers in the BSE POWER Index are BHEL (up 1.2%) and RELIANCE INFRA (up 1.0%). The top losers is INDIAN ENERGY EXCHANGE (down 6.0%).

View More Indian Share Market News

Most Popular

Is it Time to Switch from Tata Power to NTPC?(Profit Hunter)

Oct 11, 2021

Given the huge run up in Tata Power, does it make sense to switch to NTPC?

This Proxy EV Stock Just got a Power Crisis Boost(Profit Hunter)

Oct 8, 2021

After months of research, I've come across few stocks that excite me far more than the mainstream electric vehicle companies.

Rs 1 Lakh Invested in These Cryptos at the Start of 2021 Became Rs...(Views On News)

Oct 8, 2021

These cryptos would have multiplied investors' wealth by as much as 10,000% in just nine months.

5 Exciting 'Unlisted' Companies and How to Play Them(Views On News)

Oct 7, 2021

Here's how you can invest in some of the most exciting start-ups of the decade.

Modi's Big Move Could Boost these 5 Defence Stocks(Views On News)

Oct 11, 2021

To corporatise the defence sector, the Ministry of Defence (MoD) has dissolved the 250-year-old Ordnance Factory Board (OFB).

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 20, 2021 03:35 PM

MARKET STATS