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 Sheds 410 Points, Nifty Ends Below 17,750; Oil & Gas and Power Stocks Outperform
Tue, 28 Sep Closing

Indian share markets witnessed negative trading activity throughout the day today and ended lower.

After a sharp selling pressure hit the benchmark indices in afternoon session, pushing them over 1% lower, recovery was visible as investors lapped up stocks at lower levels.

Negative global market cues and profit taking pushed both Sensex and Nifty lower for the first time in four days.

Rise in US bond yield and crude oil price along with the Chinese crisis acted as key headwinds to the ongoing rally in the global market.

At the closing bell, the BSE Sensex stood lower by 400 points (down 0.7%).

Meanwhile, the NSE Nifty closed lower by 107 points (down 0.6%).

Power Grid Corp and Coal India were among the top gainers today.

Bharti Airtel and Tech Mahindra, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,769, down by 88 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.7% and 0.6%, respectively.

--- Advertisement ---
Going LIVE Today: EV Gold Rush Special Event

Today at 5 PM sharp, we will go LIVE with our special event - the EV Gold Rush.

At the event, Tanushree will share with you the complete details of our multi-year research on electric vehicles...

Including details of 3 stocks to ride this massive 15x EV opportunity.

Tanushree believes these 3 stocks could potentially offer life-changing gains in the long run.

Don't miss it for anything.

Click the link below to register for free.

Click here to sign up for FREE.
------------------------------

Sectoral indices ended on a negative note with stocks in the realty sector, telecom sector and IT sector witnessing most of the selling pressure.

Oil & gas and power stocks, on the other hand, witnessed buying interest.

Shares of Tejas Networks and JSW Energy hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng and the Shanghai Composite ended the day up by 1.2% and 0.5%, respectively. The Nikkei ended down by 0.2% in today's session.

US stock futures are trading on a negative note today with the Dow Futures trading down by 193 points.

The rupee is trading at 74.04 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 45,870 per 10 grams.

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 power sector, NTPC was among the top buzzing stocks today.

Shares of state-owned electric utilities company NTPC registered a fresh 52-week high at Rs 133.6, up 4% on the BSE today after the company confirmed the winning of 1.9 gigawatt (GW) solar projects under central public sector undertaking (CPSU) scheme.

The stock surpassed its previous high of Rs 127 hit on 24 September 2021. In past one month, the stock has rallied 16%.

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

NTPC has won 1.9 GW in the auction of CPSU Scheme-II, Tranche-III of 5 GW. However, company has no material information to add to above mentioned news item which is in the normal course of business of the company.

Indian power sector is evolving at a fast pace and the power demand is increasing rapidly. India recently witnessed all-time high peak demand of 200.6 GW and energy met of 4,508 megaunits (Mus) in a day on 7 July 2021. The country also registered a generation growth of 17.17% in the quarter one of 2022.

The growth in demand augurs well for the company. These numbers coupled with 'Atmanirbhar Bharat' initiative indicate that there is huge potential for growth in the power sector going forward.

NTPC is a market leader in power generation, supplying around 23% of the country's electricity supply and thus plays a key role in India's economic activity.

NTPC share price ended the day up by 3.5% 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.

Going LIVE Today at 5pm: The EV Gold Rush Special Event

Moving on to news from the telecom sector...

Tejas Networks Hits 5% Upper Circuit for 4th Day on Order Win from Airtel

Shares of Tejas Networks were locked in the upper circuit of 5% for the fourth straight session today at Rs 480.1 on BSE after Bharti Airtel selected the company for optical network expansion.

The counter was trading at its all-time high level and has rallied 22% during the period.

Tejas Networks on Thursday, 23 September 2021, announced that it has been selected by Bharti Airtel (Airtel) to enhance its optical network capacity in key metropolitan markets.

Tejas will supply, install and support its state-of-the-art TJ1600 DWDM/OTN products for extending Airtel's optical networks towards the edge, supporting 5G backhaul, B2B services and broadband applications.

The enhanced capacity will enable Airtel to deliver a superior experience to its customers as data consumption in India grows rapidly.

Tejas Networks designs, develops and sells high-performance networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries.

Tejas Networks share price ended the day up by 5% 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!

Read the latest Market Commentary


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

Equitymaster requests your view! Post a comment on "Sensex Sheds 410 Points, Nifty Ends Below 17,750; Oil & Gas and Power Stocks Outperform". Click here!

  

Stock Market Updates

Sensex, Nifty Continue Downtrend to End Lower for 4th Day; Metal & IT Stocks Drag (Today's Market)

Oct 22, 2021 Closing

Indian share markets ended on a negative note with the Sensex down by 102 points and the Nifty ending down by 63 points.

Sensex Trades Marginally Higher, Dow Futures Down by 9 Points (Today's Market)

Oct 22, 2021 12:30 pm

BSE Sensex is trading up by 13 points, while the NSE Nifty is down by 34 points

Sensex Gains 400 Points as Realty, Finance Stocks Rally; Titan & HDFC Top Gainers (Today's Market)

Oct 22, 2021 09:30 am

Indian share markets open strong. The BSE Sensex opened up by 371 points, while the Nifty is trading higher by 98 points.

GAYATRI PROJECTS Share Price Up by 6%; BSE REALTY Index Up 1.8% (Today's Market)

Oct 22, 2021 09:39 AM

GAYATRI PROJECTS share price is trading up by 6% and its current market price is Rs 44. The BSE REALTY is up by 1.8%. The top gainers in the BSE REALTY Index is GAYATRI PROJECTS (up 6.1%).

IRB INFRA Share Price Up by 12%; BSE REALTY Index Up 2.1% (Today's Market)

Oct 22, 2021 09:37 AM

IRB INFRA share price is trading up by 12% and its current market price is Rs 275. The BSE REALTY is up by 2.1%. The top gainers in the BSE REALTY Index is IRB INFRA (up 12.2%).

KOTAK MAHINDRA BANK at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Oct 22, 2021 09:37 AM

KOTAK MAHINDRA BANK share price has hit a 52-week high. It is presently trading at Rs 2,169. BSE 500 Index is up by 0.6% at 24,796. Within the BSE 500, KOTAK MAHINDRA BANK (down 12.2%) and IRB INFRA (up 12.2%) are among the top gainers, while top losers are DHFL and SOUTH IND.BANK.

View More Indian Share Market News

Most Popular

5 Green Energy Stocks to Watch as India Readies for a Revolution(Views On News)

Oct 13, 2021

The excitement around green energy stocks has opened up a huge contrarian opportunity in the traditional energy space.

Could HDFC Bank be a Big EV Winner? The Answer Will Surprise You...(Profit Hunter)

Oct 13, 2021

Why should investors take it for granted that India's Tesla will be one of the major auto stocks?

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.

Massive Surge in the Shares of Tata Motors Today. Key Factors Favouring the Rally(Views On News)

Oct 13, 2021

Tata Motors zooms 23% after report of TPG investing Rs 75 bn in EV arm.

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.

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 22, 2021 (Close)

MARKET STATS