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Sensex Trades Marginally Higher, Dow Futures Up by 179 Points
Mon, 27 Sep 12:30 pm

Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 63 points, up 0.1%, at 60,111 levels.

Meanwhile, the NSE Nifty is trading up by 10 points.

Maruti Suzuki and Tata Motors are among the top gainers today. HCL Technologies and Divi's Lab are among the top losers today.

The BSE Mid Cap index is trading down by 0.3%

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

On the sectoral front, stocks from the software sector are witnessing most of the selling pressure.

On the other hand, stocks from the automobile sector are witnessing most of the buying interest.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 50 points (up 0.3%) while Dow Futures are trading up by 179 points (up 0.5%).

The rupee is trading at 73.61 against the US$.

Gold prices are trading up by 0.2% at Rs 46,082 per 10 grams.

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Gold prices edged higher in Indian markets today, tracking positive global cues. On MCX, gold futures rose 0.3% to Rs 46,147 per 10 grams. In the previous session, gold had edged 0.1% lower to near six-month lows. Note that gold has been volatile this year after hitting record high of Rs 56,200 last year.

In global markets, gold prices rose above US$ 1,750 as uncertainty over China's Evergrande saga boosted the safe-haven appeal of the precious metal. Spot gold rose 0.5% to US$ 1,757.8 per ounce. A downtick in US dollar also helped support gold.

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.

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

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

Moving on to stock-specific news...

Among the buzzing stocks today is KPR Mill.

Shares of KPR Mill rallied 9% on the BSE to hit an all-time high in intraday trade today after the company carried out a stock split in the ratio 1:5.

In the past one month, the stock has soared 42%, compared to a 7.2% rise in the S&P BSE Sensex. In the past six months, it has zoomed 137%, against a 23% gain by the benchmark index.

Indian apparel companies are expected to achieve double-digit growth in the financial year 2022 with support from the Government of India (GoI).

The GoI in the Union Budget 2021-2022 announced that it would launch seven mega textile parks in three years (two parks in Tamil Nadu) to enable the textile industry to attract large investments, generate employment, and become globally competitive.

The scheme is expected to create world class infrastructure, with plug-and-play facilities to enable and create global champions in exports.

With large international buyers already looking at increasing their sourcing from India, the formation of textile parks should help India gather a bigger share of the apparel and textile export trade.

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

At the time of writing, KPR Mill shares were trading up by 3.5% on the BSE.

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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.

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------------------------------

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.

Moving on to news from the media sector...

Inox Leisure, PVR Shares Rally Upto 18%

Shares of multiplex owners Inox Leisure and PVR climbed up to 18% in Monday's trade, after the Maharashtra government announced the reopening of cinema halls and drama theatres in the state from 22 October, ahead of Diwali.

Note that theatres and movie halls across India have been closed since April this year.

Following the development, shares of Inox Leisure soared 17.8% to hit a high of Rs 412.2 on BSE while PVR climbed 10% to hit a high of Rs 1,662.2.

Except a few states, including Maharashtra and Kerala, many others have already permitted resumption of operations in cinema halls from 30 July 2021.

Post Maharashtra, it is expected that other states would lift the capacity restrictions in the absence of a third wave of Covid-19. Maharashtra, based on industry estimates, contributes 25-30% of total multiplex revenues in a normal year.

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


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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%).

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