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Sensex Ends Flat; IT & Energy Stocks Gain

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Indian share markets traded on a volatile note throughout the day and ended their session on a flat note. Sectoral indices ended on a mixed note with stocks in the IT sector and energy sector witnessing buying interest while telecom stocks, metal stocks and FMCG stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 3 points and the NSE Nifty closed up by 4 points. The BSE Mid Cap index ended the day down by 0.1% and the BSE Small Cap index ended up by 0.1%.

Asian stock markets finished on a mixed note. As of the most recent closing prices, the Hang Seng was up by 0.1% and the Shanghai Composite was flat. The Nikkei 225 was down 0.6%.

The rupee is trading at 71.14 against the US$.

Rupee was weighed down against the US dollar for the second successive session as uncertainty continued related to Brexit continued to keep most market participants on the edge.

In the latest development from the results corner, Trident has reported a rise of 53.6% in its net profit at Rs 1.1 billion for the quarter under review as compared to Rs 0.7 billion for the same quarter in the previous year.

To know more about the company, you can read Trident Q3FY19 Result analysis and Trident Annual Report analysis on our website.

Hindustan Media Ventures has reported 25.4% fall in its net profit at Rs 291.6 million for the quarter under review as compared to Rs 390.9 million for the same quarter in the previous year.

However, total income of the company increased by 6% at Rs 2.5 billion for Q3FY19 as compared Rs 2.4 billion for the corresponding quarter previous year.

In the news from macroeconomic space, India's trade deficit narrowed to US$ 13.08 billion in December. This was the lowest in 10 months and was seen on the back of a fall in gold imports.

While this came in as a welcome breather, exports remained flat and further deepened concerns for Prime Minister Narendra Modi who wants to accelerate growth ahead of elections.

Note that Narendra Modi had promised to boost exports by easing administrative rules and building infrastructure for manufacturing in India. Currently, there's criticism on this point from businesses for not doing enough in the last five years.

India's annual goods exports have remained flat around US$ 300 billion. This compares to US$ 314.4 billion in 2013-14, since Modi took charge in May 2014.

What measures the government takes to address this remains to be seen. Meanwhile, we will keep you updated from all the updates from this space.

Speaking of exports, one of the major growth drivers for this month's Smart Money Secrets recommendation is the untapped export market.

Just look at today's chart. In the last five years, the revenue from the export market for the company has grown at a CAGR of 33%.

Export Market Offers Huge Potential for This Company

In the coming years, the management is targeting to increase its overseas presence further.

The company is focusing on two major markets - Latin America and South-East Asia. These markets have similar characteristics to the Indian market.

The recent product launch will help the company target developed markets such as USA, Europe as well.

While the stock price has fallen recently due to short-term issues, the market is ignoring the huge export potential, the new product launch, and of course, the management's execution capabilities.

This high-quality stock is now available at reasonable valuations.

From the long-term perspective, this is the perfect time to enter.

If you do not have access to Smart Money Secrets, you can sign up here...

In the news from global financial markets, British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin yesterday.

The move triggered political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.

As per the news, after parliament voted 432-202 against Theresa May's deal, opposition Labour Party leader Jeremy Corbyn promptly called a vote of no confidence in May's government, to be held on Wednesday.

How this turns out remains to be seen. Meanwhile, we will keep you updated on all the developments from this space.

Moving on to the news from commodity markets, crude oil was witnessing selling pressure today.

Losses were seen on the back of increasing signs of a global economic slowdown. However, OPEC-led supply cuts helped support Brent crude above US$ 60 per barrel.

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!

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