Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Sensex closes above 19k levels
Thu, 4 Oct Closing

Although indices in equity market of India came off the day's highs during the closing stages, investors still did enough to make the Sensex close above 19,000 levels. Thus, while BSE-Sensex edged higher by around 190 points, NSE-Nifty logged in gains of around 56 points (up 1%). BSE Mid Cap and BSE Small Cap indices did not perform as well but still gained around 0.4% each. Nearly two Sensex stocks gained for every one that closed the day in the negative.

Most Asian indices closed strong today however Europe is trading mixed currently. The rupee was trading at Rs 51.7 to the dollar at the time of writing.

Sensex went past the psychologically crucial barrier of 19,000 for the first time in more than 15 months as expectations of further reforms prompted investors to buy into Indian equities. Notable gains were also seen in the BSE Realty index which gained around 5% today, more than double the gains recorded by the consumer durables index, the second highest sectoral gainer of the day. Already, talks are doing the rounds that there is a strong chance the Sensex would cross the elusive 21,000 mark by the end of this year itself. This however should not tempt long term investors into buying stocks without proper due diligence. It should be noted that such landmarks are nothing but publicity stunts by various media firms. Sensible investors should steer clear of such frenzies and instead always focus on fundamentals and valuation levels of individual companies.

Bajaj Auto, India's second largest two-wheeler manufacturer, has pipped Hero MotoCorp's largest selling bike Splendor to the number one spot. As per reports, Bajaj Auto's Discover brand of motorcycles sold around 1.23 lakh units in the month of September, marginally higher than the 1.21 lakh units that Hero managed to sell of Splendor. This change has not only been driven by Discover's growth in sales but is also a result of dwindling sales of Splendor, which have come down by more than 50% from almost 2.4 lakh units in April 2012. This development is another feather in the cap of Bajaj Auto, which until now was known to rule the roost in premium category of motorcycles. Bajaj Auto closed lower by around 1% today.

Tata Power, India's largest integrated power utility also traded weak today and closed marginally lower. As per reports, the company is on the lookout for coal assets in the US, Colombia and Africa. Since the state owned miner Coal India is unable to meet demand, the company is forced to take such a route. What more, the gas production in India also continues to decline. The company's total generation capacity is of the order of little more than 6,000 MW currently and its hunger for feedstock like coal would increase even more as it looks to increase its capacity.

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

Equitymaster requests your view! Post a comment on "Sensex closes above 19k levels". Click here!


Stock Market Updates

UNION BANK Surges by 5%; BSE BANKEX Index Up 0.2% (Today's Market)

Sep 19, 2018 01:59 PM

UNION BANK share price has surged by 5% and its current market price is Rs 79. The BSE BANKEX is up by 0.2%. The top gainers in the BSE BANKEX Index is UNION BANK (up 5.1%). The top losers are YES BANK (down 0.1%) and HDFC BANK (down 1.0%).

SUVEN LIFE Plunges by 5%; BSE HEALTHCARE Index Down 0.4% (Today's Market)

Sep 19, 2018 01:31 PM

SUVEN LIFE share price has plunged by 5% and its current market price is Rs 308. The BSE HEALTHCARE is down by 0.4%. The top gainers in the BSE HEALTHCARE Index are DR. LAL PATHLABS LTD (up 2.6%) and BLISS GVS PHARMA (up 1.9%). The top losers are SUVEN LIFE (down 5.2%) and PFIZER (down 6.7%).

JYOTHY LABS Plunges by 5%; BSE FMCG Index Down 0.6% (Today's Market)

Sep 19, 2018 01:27 PM

JYOTHY LABS share price has plunged by 5% and its current market price is Rs 214. The BSE FMCG is down by 0.6%. The top gainers in the BSE FMCG Index are BAJAJ HIND. SUGAR (up 2.0%) and P&G HYGIENE (up 0.6%). The top losers is JYOTHY LABS (down 5.2%).

RELIANCE COMMUNICATIONS Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Sep 19, 2018 01:13 PM

RELIANCE COMMUNICATIONS share price has plunged by 5% and its current market price is Rs 16. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are HIMACHAL FUTURISTIC (up 5.8%) and MONSANTO INDIA (up 3.9%). The top losers are RELIANCE COMMUNICATIONS (down 5.3%) and PFIZER (down 5.8%).

SHREE RENUKA SUGARS Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Sep 19, 2018 01:11 PM

SHREE RENUKA SUGARS share price has plunged by 5% and its current market price is Rs 17. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are HIMACHAL FUTURISTIC (up 5.4%) and MONSANTO INDIA (up 3.9%). The top losers are SHREE RENUKA SUGARS (down 5.2%) and PFIZER (down 6.1%).

Sensex Opens Flat; Healthcare & Metal Stocks Gain (Today's Market)

Sep 19, 2018 09:30 am

Indian share markets open flat with Sensex trading up by 54 points, while the Nifty is trading up by 27 points.

View More Indian Share Market News

Most Popular

In a Crisis, if Petrol Prices Hit Rs 100, This Stock Could Be a Good Buy(The 5 Minute Wrapup)

Sep 6, 2018

The rise in the crude oil price is a major reason for the fall in the market. If crude oil prices keep on rising, what will happen to stocks?

Want Bigger Returns Than You Thought Possible? This is Where You Should Look(Profit Hunter)

Sep 12, 2018

Richa has discovered the single most profitable opportunity in the market - read on to discover more...

The Secret Of Mirae Asset India Equity Fund's Increasing Popularity(Outside View)

Sep 7, 2018

The prudent investment strategies followed at the fund house has helped Mirae Asset India Equity Fund earn a tag of being a consistent performer, which is in turn gaining popularity among investors.

Hurricanes Threaten Oil Spike, but the Saudis are Selling...(Vivek Kaul's Diary)

Sep 6, 2018

Oil prices are rising and could go even more higher amid rising tensions in Middle East.

Should You Be Worried About the Rising Dollar?(Chart Of The Day)

Sep 7, 2018

While the rupee has deprecated by about 5% annually since 1990 against the dollar, the BSE Sensex has returned 14% annually in the same period.


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Sep 19, 2018 02:03 PM