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?  

Indian Indices Continue Momentum, Key Q2FY20 Results, and Top Cues in Focus Today
Thu, 17 Oct Pre-Open | Monish Vora, TM Team

On Wednesday, Indian share markets traded on a volatile note throughout the day and ended marginally higher.

The BSE Sensex closed higher by 93 points to end the day at 38,599. Bajaj Finance and ONGC were among the top gainers.

While the broader NSE Nifty ended up by 43 points to end at 11,472.

Among BSE sectoral indices, oil & gas stocks gained the most, followed by realty stocks and energy stocks.

Top Stocks in Action Today

Sun Pharma share price will be in focus today as one of its wholly owned subsidiaries has launched Drizalma Sprinkle (duloxetine delayed-release capsules) in the US for oral use.

Drizalma Sprinkle is a serotonin and norepinephrine reuptake inhibitor (SNRI) designed for the treatment of various neuro-psychiatric and pain disorders in patients who have difficulty swallowing.

Inox Wind share price will also be in focus today as the company has closed a deal for sale of a 50 MW wind power project at Dayapar, Kutch in the state of Gujarat in which Adani will be the strategic investor.

This project is part of the capacity won under SECI bids for wind power projects connected on the central grid. These 2 MW Wind Turbines have one of the highest swept areas that make it ideally suited to maximize returns in low wind areas.

Market participants will also track PVR share price, Cyient share price, and TVS Motors share price as these companies are set to announce their September quarter (Q2FY20) results later today.

--- Advertisement ---
Are you free on the 26th?

On 26th November, India's #1 trader, Vijay Bhambwani will be hosting a special Summit where he will reveal his Personal Trading Blueprint.

In the last few months Vijay has used his Blueprint to recommend trades that made profits like -

- Rs 63,400 in 1 day

- Rs 51,450 in less than 12 hours

- Rs 44,650 in less than 12 hours

- Rs 21,750 in 1 day

- Rs 18,250 in 1 day

And more…

(Past performance does not guarantee future results. Details on calculations available in FAQs here.)

If you'd like to generate such profits from a few simple trades, then click here to register for Vijay's Weekly Cash Summit.



Results Corner

ACC has reported a rise of 45.9% in its net profit at Rs 2,999.7 million for Q2FY20 as compared to Rs 2,055.5 million for the same quarter in the previous year.

Total income marginal increased by 3.3% at Rs 35,783.9 million as compared Rs 34,644.8 million for the corresponding quarter previous year.

Multi Commodity (MCX) has reported a rise of 85.3% in its net profit at Rs 627.3 million for the quarter under review as compared to Rs 338.5 million for the same quarter in the previous year.

DB Corp has reported 63.7% rise in its net profit at Rs 755.6 million for the September quarter as compared to Rs 461.7 million for the same quarter in the previous year.

--- Advertisement ---
The 3 Things 100X Potential Stocks Have in Common…

Stocks that have the potential to generate crores in gains in the long term, tend to have 3 traits in common…

You'll find a full description of these 3 traits in this note…

This stock has all 3 traits of a 'crorepati stock' and is Richa Agarwal's No. 1 Small Cap Pick for 2020.

Read on for details...

From the Macroeconomic Space...

Continuing its losing streak for the second straight month, India's merchandise exports dropped by 6.6% in September 2019 as compared to same period of last year, on the back of significant dip in shipments from key sectors like petroleum, engineering, leather, chemicals, and gems & Jewellery.

Trade deficit, gap between imports and exports, narrowed to a seven-month low of US$10.9 billion in September from US$15 billion a year ago.

As per the data released by the Commerce Ministry, merchandise exports fell by 6.6% to US$26 billion in September 2019, as compared to US$27.9 billion in the same month a year ago.

Cumulative value of exports for the period April- September 2019-20 was US$159.6 billion as against US$163.5 billion during the period April- September 2018-19, registering a negative growth of 2.4%.

On the other hand, Imports during September 2019, decreased by 13.9% to US$36.9 billion as compared to US$42.8 billion in September 2018.

Cumulative value of imports for the period April- September 2019-20 was US$243.3 billion, as against US$261.6 billion during the period April- September 2018-19, registering a negative growth of 7%.

Speaking of the macro picture of India, some recent economic numbers have confused investors.

In the video below, Tanushree Banerjee decodes a few economic myths and reveals three big trends of Rebirth of India.

Tune in...

Oil Slips amid Weaker Economic Outlook

Oil prices slipped further below US$ 59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in US crude inventories.

Signs from the Organization of the Petroleum Exporting Countries (OPEC) that further curbs to oil supply could come in December lent support, as did wider market optimism about a potential Brexit deal.

The International Monetary Fund said on Tuesday the US-China trade war would cut 2019 global growth to its slowest since the 2008-2009 financial crisis.

British and European Union officials resumed talks to clinch a Brexit deal on Wednesday just a few hours after late-night negotiations wound up, but it was far from clear they would reach an agreement before a leaders' summit on Thursday.

As per the economic schedule released by Vijay Bhambwani, here are the important events due later today:

  • UK - Retail Sales September (M-o-M)
  • Australia - Employment Change (September)
  • USA - Building Permits September (M-o-M)

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

Equitymaster requests your view! Post a comment on "Indian Indices Continue Momentum, Key Q2FY20 Results, and Top Cues in Focus Today". Click here!


Stock Market Updates

Indian Indices Continue Momentum; Sensex Trades 186 Points Higher (Today's Market)

Nov 19, 2019 12:30 pm

Indian share markets are trading on a positive note with the BSE Sensex up by 186 points, while the NSE Nifty is trading higher by 47 points.

IPCA LABS at All Time High; BSE HEALTHCARE Index Up 0.5% (Today's Market)

Nov 19, 2019 10:00 AM

IPCA LABS share price has hit an all time high at Rs 1,182 (up 1.1%). The BSE HEALTHCARE Index is up by 0.5%. Among the top gainers in the BSE HEALTHCARE Index today are IPCA LABS (up 1.1%) and ABBOTT INDIA (up 0.2%). The top losers include SUN PHARMA ADV. RES. and DISHMAN CARBOGEN AMCIS LTD .

Sensex Opens Marginally Up; Telecom Stocks Rally (Today's Market)

Nov 19, 2019 09:30 am

Indian share markets open mildly higher. The BSE Sensex opened up by 82 points, while the Nifty is trading up by 22 points.

TEJAS NETWORKS LTD Surges by 10%; BSE 500 Index Up 0.2% (Today's Market)

Nov 19, 2019 09:34 AM

TEJAS NETWORKS LTD share price has surged by 10% and its current market price is Rs 75. The BSE 500 is up by 0.2%. The top gainers in the BSE 500 Index are TEJAS NETWORKS LTD (up 10.5%) and CORPORATION BANK (up 12.7%). The top losers are BRITANNIA and SYNGENE INTERNATIONAL .

VODAFONE IDEA Surges by 18%; BSE 500 Index Up 0.2% (Today's Market)

Nov 19, 2019 09:24 AM

VODAFONE IDEA share price has surged by 18% and its current market price is Rs 5. The BSE 500 is up by 0.2%. The top gainers in the BSE 500 Index are VODAFONE IDEA (up 17.7%) and CORPORATION BANK (up 14.5%). The top losers are DR. REDDYS LAB and ITC .

SADBHAV ENGINEERING Surges by 5%; BSE CAPITAL GOODS Index Up 0.3% (Today's Market)

Nov 19, 2019 09:24 AM

SADBHAV ENGINEERING share price has surged by 5% and its current market price is Rs 124. The BSE CAPITAL GOODS is up by 0.3%. The top gainers in the BSE CAPITAL GOODS Index is SADBHAV ENGINEERING (up 5.4%). The top losers are KALPATARU POWER (down 0.1%) and AIA ENGINEERING (down 0.1%).

View More Indian Share Market News

Most Popular

Crash Alert! Is There a Big Bubble in Nestle, HUL and Asian Paints?(Profit Hunter)

Nov 7, 2019

Is this the beginning of the end of multibagger gains in quality stocks like Nestle, HUL, and Asian Paints?

The Smartest Stock to Buy for 2020(Profit Hunter)

Nov 14, 2019

Small-cap stocks are selling at bargain prices today and are poised to generate a lot of wealth in 2020 and beyond...

Why Moody's Rating Downgrade is a Strong Sign to Buy Stocks(The 5 Minute Wrapup)

Nov 8, 2019

Investors who took cues from Moody's rating downgrade in 1992 and 2002 created some of the biggest wealth of their lifetime.

A Trade that Could Generate Profits for Decades

Nov 14, 2019

India's #1 trader is back on the Investor Hour. Vijay Bhambwani talks to us about his super-profitable trading system and shares with us his #1 long term trade. Listen in...

The One Trade I'm Most Bullish on Now

Nov 12, 2019

A highly specific trade to potentially triple your money in just three months. You won't find this information anywhere else!


Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms


Nov 19, 2019 (Close)