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 Opens Flat; HCL Tech, Infosys and Cipla Among Top Losers
Tue, 28 Sep 09:30 am

Asian share markets are trading on a mixed note as investors continued to fret over China Evergrande Group's unsolved debt crisis and eyed the potential impact of a widening power shortage in China.

The Hang Seng is up 1.3% while the Nikkei is trading lower by 0.4%.

In US stock markets, Wall Street indices ended on a mixed note as markets weighed the risk that congressional gridlock could lead to a US government shutdown.

The Dow Jones Industrial Average ended on a flat note while the Nasdaq fell 0.5%.

Back home, Indian share markets have opened on a flat note, following the trend on SGX Nifty.

The BSE Sensex is trading down by 78 points. Meanwhile, the NSE Nifty is trading lower by 13 points.

SBI and UltraTech Cement are among the top gainers today. HCL Tech, on the other hand, is among the top losers today.

Both, the BSE Mid Cap index and the BSE Small Cap index have opened on a flat note.

--- Advertisement ---
Automobile Sector's Colossal Disruption Could Make You a Fortune

During any major disruption in a sector, fortunes are created.

And now, we are at the cusp of a major disruption that the automotive sector will experience.

It is the electric vehicles gold rush.

At Equitymaster, we have unearthed a hidden way to ride the 15x EV opportunity so that you could take home potentially life-changing gains in the long run.

You can get all details of the hidden way in our upcoming special online event.

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

Sectoral indices are trading mixed with stocks in the FMCG sector and oil & gas sector witnessing buying interest.

IT stocks and realty stocks, on the other hand, are trading in red.

Shares of Tejas Networks and Allcargo Logistics hit their 52-week highs today.

The rupee is trading at 73.83 against the US$.

Crude oil priced eased today after a five-day rally as investors took profits on fears that higher prices may weaken fuel demand.

Gold prices are trading down by 0.2% at Rs 45,998 per 10 grams.

Meanwhile, silver prices are trading down by 0.1% at Rs 60,500 per kg.

Gold eased today, hurt by a stronger dollar and rising US Treasury yields, while investors awaited more cues from Federal Reserve officials on the central bank's monetary policy shift.

While gold is often considered a hedge against higher inflation, a rate hike would increase the opportunity cost of holding gold, which pays no interest.

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.

--- Advertisement ---
The Rebirth of India

India's leading research analyst, Tanushree Banerjee, will show our readers how an upcoming mega shift would drastically change the state of the Indian economy...

And how investing in three high-potential stocks at the heart of this rebirth...

...could potentially hand them 100%, 300%, 500%, even 1,000% or more in the long run.

Since you are one of our valued readers, we sincerely urge you to head over here for more details
------------------------------

Speaking of stock markets, in his latest video, Aditya Vora talks about the top 4 sectors for 2022.

The relentless rally in the stock market over the past 15 months has lifted the tide on all the boats. So, which sectors should you bet on in 2022?

Aditya answers this question in the video below. Tune in to find out more:

In news from the textile sector, Raymond is among the top buzzing stocks today.

On Monday, Raymond announced an organisational restructuring plan which will see its fast-fashion business consolidating with the parent company and the auto components and tools and hardware businesses merging into its engineering division.

Meanwhile, its nascent real estate division will be made a wholly-owned subsidiary of the company.

The restructuring plan is aimed at monetising its assets, cutting debt and improving operational synergies.

In a statement, chairperson Gautam Singhania said,

  • We are consolidating the business to explore all options available to us for monetization, which will enable deleveraging leading to value creation.

Back in November 2019, the company had announced the demerger of its apparel business held under Raymond Apparel.

The demerger scheme has been withdrawn and the lifestyle business will be transferred to Raymond to streamline the group's B2C businesses.

Raymond share price has opened the day up by 4%.

Join Today: Equitymaster is on Telegram. Join FREE Today for Exclusive market Updates

Moving on to news from the automobile sector, India's largest PV maker Maruti Suzuki has told its component suppliers to be ready to produce 160,000-180,000 cars and SUVs in October, as it is making arrangements to secure supply of semiconductor chipsets through multiple channels.

If Maruti does manage to meet this target, the October output would be 60-80% higher compared with September, and just about 5% short of the numbers a year earlier.

Due to global shortage of semiconductors, Maruti has been forced to limit production this month to around 100,000 units.

Reports state that the company's ability to source chips may have improved with an easing Covid-19 situation in Malaysia. The Southeast Asian country's chip manufacturing facilities are now working for seven days a week in three shifts.

About two-thirds of the targeted output are likely to be managed out of Maruti Suzuki's own facilities in the national capital region. The remaining will be sourced from Suzuki Motor Gujarat, another Indian unit of parent Suzuki Motor of Japan.

However, according to industry insiders, there's no guarantee that Maruti will meet the target.

They say that the guidance was probably meant to keep the vendor network ready in case the chipset availability improved.

The company is also urging vendors to prepare for an output of over half a million in the October-December quarter. That suggests production growth of 7.5% from a year earlier in the crucial festive season.

Maruti Suzuki share price has opened the day up by 0.3%.

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 Opens Flat; HCL Tech, Infosys and Cipla Among Top Losers". Click here!

  

Stock Market Updates

Sensex Crosses 61,000, Dow Futures Up by 166 Points (Today's Market)

Oct 14, 2021 12:30 pm

BSE Sensex is trading up by 394 points, while the NSE Nifty is up by 132 points.

Sensex Opens Higher; Wipro, Mindtree and Infosys Rally Post Q2 Results (Today's Market)

Oct 14, 2021 09:30 am

Indian share markets open strong. The BSE Sensex opened up by 371 points, while the Nifty is trading higher by 121 points.

SGX Nifty Up 77 Points, India's Retail Inflation, Infosys Quarterly Performance, and Buzzing Stocks Today (Today's Market)

Oct 14, 2021 Pre-Open

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

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.

Top 5 'Digital India' Stocks(Views On News)

Oct 6, 2021

These companies are leading the Government's US$1 tn 'Digital India' initiative.

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.

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 14, 2021 (Close)

MARKET STATS