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 Ends Flat; Maruti Suzuki and M&M Among Top Nifty Gainers
Mon, 27 Sep Closing

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

After a strong start today, benchmark indices witnessed volatility tracking mixed global cues.

At the closing bell, the BSE Sensex stood higher by 29 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 2 points (up 0.1%).

Maruti Suzuki and Mahindra & Mahindra were among the top gainers today.

HCL Technologies and Tech Mahindra, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,911, up by 62 points, at the time of writing.

The BSE MidCap index ended on a flat note, while the BSE SmallCap index ended down by 0.1%.

Sectoral indices ended on a mixed note with stocks in the auto sector and realty sector witnessing most of the buying interest.

IT and healthcare stocks, on the other hand, witnessed selling pressure.

--- Advertisement ---
Replay Available: Super Smallcaps Summit

Today, we went LIVE with Richa Agarwal's Super Smallcaps Summit.

Richa revealed details about the 3 'dark horse' stocks that could potentially hand you hundreds or even thousands of percent in gains over the long term.

However, you missed the Exclusive event for some reason.

And because we don't want you to miss out on this rare opportunity, we have a replay of the event arranged for you.

Click the link below to watch the replay now.

Watch the Replay

or click here to read the transcript
------------------------------

Shares of Phoenix Mill and Inox Leisure hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng ended up by 0.1%, while the Shanghai Composite ended down by 0.8%. The Nikkei ended on a flat note today.

US stock futures are trading on a positive note today with the Dow Futures trading up by 108 points.

The rupee is trading at 73.84 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.1% at Rs 45,960 per 10 grams.

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

Tune in to the video below to find out more:

In news from the power sector, SJVN was among the top buzzing stocks today.

State-run hydropower generator SJVN has secured 1 gigawatt (GW) solar power project contract in the bids floated by Indian Renewable Energy Development Agency (IREDA) by quoting a tariff of Rs 2.45 per unit.

This comes in the backdrop of India's solar power tariffs starting to rebound from the record lows of last December, lifted by factors such as higher commodity prices and an increase in imported solar equipment cost from next year as reported by Mint earlier.

Rising commodity costs and a 40% basic customs duty on solar modules and 25% on solar cells to be imposed from April 2022 is influencing the keenly-contested auction rounds, with developers calibrating these new realities while placing bids.

WATCH NOW: 3 Super Smallcap Stocks You Don't Want to Miss Out On

India's solar power tariffs hit a record low of Rs 1.99 per unit in December 2020 at an auction conducted by Gujarat Urja Vikas Nigam.

Nand Lal Sharma, chairman and managing director, SJVN said,

  • SJVN bagged the full quoted capacity of 1,000-megawatt (MW) at a Viability Gap Funding (VGF) support of Rs 44.7 Lakh per MW by government of India. The power generated from above projects shall be solely for self-use or use by government/government entities, either directly or through discoms.

    SJVN participated in a VGF based competitive bidding process for solar project of capacity 5,000 MW floated by IREDA.

SJVN plans to have a 25 GW capacity by 2040. The firm has an operational portfolio of 2 GW and is executing 27 projects in hydropower, thermal, solar and wind sectors in India, Bhutan and Nepal.

The company has also pitched for more hydropower projects from Nepal as part of India's playbook of helping build a South Asia-focused energy security architecture.

SJVN share price ended the day up by 1.9% on the BSE.

Speaking of the power sector, it's interesting to note the power exchanged in India is about 4.5% of the overall power production, as can be seen in the chart below.

As per Tanushree Banerjee, Co-Head of Research at Equitymaster, India's power sector is currently in transition. It's driven by increasing reliance on short-term contracts and electricity spot markets.

This transition to the short-term market is happening due to quickly evolving industry dynamics.

Tanushree believes the Indian power sector will see a surge in spot power volumes due to certain factors.

--- Advertisement ---
Electric Vehicles - Introducing Equitymaster's Latest Research Project

Over the last several years, a secret project has been underway at Equitymaster.

It's been a massive undertaking with some of our best research analysts devoted to it.

Collectively, hundreds of manhours have been invested in it.

And this project has revealed some shocking truths...

Despite estimated 15-times growth in just 10 years, the ordinary approach of tapping into EV opportunity may turn out to be a disaster.

Before you invest a single rupee in any EV stock, we recommend you study the results of our latest research project...

Just click here to get the details
------------------------------

Moving on to news from the food & tobacco sector...

United Breweries Slides on CCI Penalty

United Breweries share price slipped more than 4% today after the competition commission of India (CCI) penalised the company and rival Carlsberg India for carterlisation.

The anti-trust watchdog on 24 September imposed penalties of around Rs 9 bn on three beer-making companies and trade association All India Brewers' Association (AIBA) for cartelisation.

The CCI said SABMiller India, the makers of Foster beer, United Breweries, who make Kingfisher, and Carlsberg India resorted to cartelisation in the sale and supply of beer to various states and union territories between 2009 and at least October 2018.

While the CCI has directed United Breweries and Carlsberg India to pay Rs 7.5 bn and Rs 1.2 bn, respectively, it has given SABMiller India a 100% reduction in penalty for cooperating in the investigation.

The three companies engaged in price coordination in Andhra Pradesh, Karnataka, Maharashtra, Odisha, Rajasthan, West Bengal, Delhi and Puducherry, it said.

CCI also found coordination among United Breweries and Anheuser Busch InBev India with respect to purchasing second-hand bottles.

Four individuals of United Breweries, four of Anheuser Busch InBev India, six of Carlsberg India and the Director-General of AIBA were held to be liable for the anti-competitive conduct of their respective companies and association.

United Breweries share price ended the day down by 3.2% on the BSE.

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!


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

Equitymaster requests your view! Post a comment on "Sensex Ends Flat; Maruti Suzuki and M&M Among Top Nifty Gainers". Click here!

  

Stock Market Updates

PHOENIX MILL at All Time High; BSE REALTY Index Up 3.0% (Today's Market)

Sep 27, 2021 01:55 PM

PHOENIX MILL share price has hit an all time high at Rs 1,031 (up 5.5%). The BSE REALTY Index is up by 3.0%. Among the top gainers in the BSE REALTY Index today are PHOENIX MILL (up 5.5%) and GODREJ PROPERTIES (up 4.5%). The top losers include MAHINDRA LIFESPACE (down 2.0%) and OMAXE (down 2.4%).

Sensex Trades Marginally Higher, Dow Futures Up by 179 Points (Today's Market)

Sep 27, 2021 12:30 pm

BSE Sensex is trading up by 63 points, while the NSE Nifty is up by 10 points.

APOLLO HOSPITALS Share Price Down by 5%; BSE 500 Index Up 0.2% (Today's Market)

Sep 27, 2021 09:59 AM

APOLLO HOSPITALS share price is trading down by 5% and its current market price is Rs 4,769. The BSE 500 is up by 0.2%. The top gainers in the BSE 500 Index are INOX LEISURE (up 9.6%) and GUJARAT NARMADA (up 7.5%). The top losers are APOLLO HOSPITALS (down 5.2%) and DHFL (down 10.0%).

RELIANCE IND. at All Time High; BSE OIL & GAS Index Up 0.9% (Today's Market)

Sep 27, 2021 09:59 AM

RELIANCE IND. share price has hit an all time high at Rs 2,512 (up 0.8%). The BSE OIL & GAS Index is up by 0.9%. Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (up 0.8%) and BPCL (up 1.2%). The top losers include HPCL and PETRONET LNG (down 0.1%).

Sensex, Nifty Open Higher; Automobile and Realty Stocks Lead (Today's Market)

Sep 27, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 276 points, while the Nifty is trading higher by 75 points.

PHOENIX MILL Share Price Up by 5%; BSE REALTY Index Up 1.7% (Today's Market)

Sep 27, 2021 09:29 AM

PHOENIX MILL share price is trading up by 5% and its current market price is Rs 1,031. The BSE REALTY is up by 1.7%. The top gainers in the BSE REALTY Index is PHOENIX MILL (up 5.1%). The top losers are MAHINDRA LIFESPACE (down 0.1%) and OBEROI REALTY (down 1.2%).

View More Indian Share Market News

Most Popular

5 Specialty Chemical Stocks that Turned Multibaggers in One Year(Views On News)

Sep 17, 2021

These specialty chemical stocks have surged 200% or more in the last year. Do you own any?

A Rare Buying Opportunity in an Exciting Stock(Profit Hunter)

Sep 16, 2021

Whether agriculture sector goes through a structural transformation or not, this agrochemical stock has a good chance of winning.

5 Indian Companies with Over 7% in Dividend Yield(Views On News)

Sep 17, 2021

These stocks will give you better yields than bank deposits.

A Great Time to Buy ITC(Profit Hunter)

Sep 17, 2021

Is the worst over for the stock of ITC?

Top Small Caps to Buy Now(Views On News)

Sep 18, 2021

Rahul Shah on why he would invest in these unusual 20 small cap stocks

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Sep 27, 2021 (Close)

MARKET STATS