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 Ends Marginally Higher; Realty and Telecom Stocks Witness Buying
Tue, 20 Oct Closing | Yash Vora, TM Team

Indian share markets erased gains during the last hour of trading in today's volatile session, but still ended marginally higher, ahead of Prime Minister Narendra Modi's address to the nation at 6 PM.

Buying in index heavyweight stocks lifted benchmark indices higher, despite weak global cues.

The BSE Sensex ended the day up by 113 points.

Meanwhile, the NSE Nifty stood higher by 24 points.

The top gainers in NSE today were HCL Tech, Tech Mahindra and Asian Paints.

SGX Nifty was trading at 11,920, up by 32 points, at the time of writing.

The BSE Mid Cap index ended up by 0.5%. The BSE Small Cap index ended up by 0.3%.

--- Advertisement ---
New FREE Guide on Big Opportunity in Defence

Tanushree Banerjee, the co-head of research, recently released er latest guide:

The Explosive Rs.4 Lakh Crore Opportunity: How to Tap into India's Surging Defence Sector for Potentially Huge Profits

And she has agreed to make it available for free for a limited time.

If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing...

Tanushree has also discovered one stock from defence sector... which she believes has the potential to multiply invested money 10-times in the long run.

She will reveal more details about this stock at her upcoming online special event.

Click Here to Download the Guide & Block Your Seat Now. It's Free.

Sectoral indices ended on a mixed note with stocks in the realty sector and telecom sector witnessing buying interest.

Energy stocks, on the other hand, witnessed selling pressure.

Asian stock markets ended on a mixed note. As of the most recent closing prices, the Hang Seng was up 0.1% and the Shanghai Composite stood higher by 0.5%. The Nikkei ended down by 0.4%.

US stock futures are trading higher, indicating a positive opening for Wall Street indices. Nasdaq Futures are trading up by 73 points (up 0.6%), while Dow Futures are trading up by 145 points (up 0.5%).

The rupee is trading at 73.49 against the US$.

Gold prices are trading up by 0.1% at Rs 50,704 per 10 grams.

--- Advertisement ---
Listen to Some of The Biggest Investment Minds of This Country... Right from The Safety and Comfort of Your Own Home...

Interested in growing - and most importantly, protecting - your wealth in 2021 and beyond?

Then you'll love to Register For The Equitymaster Annual Conference 2021.

Where top investment gurus will reveal their most lucrative investing and wealth-protection strategies for the coming years.

And since This Conference Is Fully Virtual - you can listen to them right from the comfort and safety of your own home...

So what are you waiting for?

Register for the Conference Right Now

In news from the FMCG sector, Hindustan Unilever (HUL) was among the top buzzing stocks today.

FMCG major HUL today posted 8.7% year-on-year (YoY) rise in its net profit at Rs 20.1 billion for the second quarter of the current fiscal year (Q2FY21).

In the year ago period, the company had logged a profit of Rs 18.5 billion.

On a quarter-on-quarter basis, numbers grew 6.8%.

Revenue came in at Rs 112.8 billion, a growth of 16.1% YoY while underlying domestic consumer business sales grew by 3% YoY in the quarter.

Earnings before interest, tax, depreciation, and amortization (EBITDA) came in at Rs 28.7 billion, up 17% YoY.

In a press release, the company said that economic outlook has improved given the various initiatives taken by the government and RBI. Rural markets have been resilient but the demand in urban India has been muted.

The company's board also declared an interim dividend of Rs 14 per share.

HUL share price ended the day down by 0.3%.

Important: Do You Own These 3 Stocks?

Speaking of HUL, in his latest video, co-head of Research at Equitymaster, Rahul Shah discusses HUL's lost decade and its implications for ITC.

The stock of ITC is a hot potato these days.

What should investors do in light of these differences and how HUL's performance in the past could hold the key to ITC's future?

Rahul Shah answers these questions and more in his latest video.

Tune in here to know more:

Moving on to news from the telecom sector, B2B telecom solutions provider Tata Communications today said that its CFO Pratibha Advani has resigned.

Kabir Ahmed Shakir has been appointed new Chief Financial Officer with effect from 21 October 2020.

Last week on Friday, the Tata Group company had posted an around seven-fold jump in consolidated net profit at Rs 3,848.1 million for the September quarter.

The company's consolidated revenue grew 4.5% to Rs 44,771.8 million during the reported quarter from Rs 42,823 million in the year-ago period.

The company concluded the sale of a land parcel along with building for a total consideration of Rs 674.1 million.

Tata Communications also said that it has received a demand note from the Department of Telecommunications (DoT) to pay Rs 66.3 billion towards license fees on its adjusted gross revenue (AGR) for the financial years 2006-07 till 2017-18.

Tata Communications share price ended the day up by 3.3%.

To know more, you can read Tata Communications' latest result analysis on our website.

Speaking of Tata Communications, have a look at the chart below to see how the stock has performed over the past few years:

Here's what Tanushree Banerjee wrote about it in one of the editions of the Profit Hunter:

  • What is the reason for this euphoria about the stock?

    Well, Tata Communication finds itself among the hallowed group of companies that are called 'Stay at-home' businesses today.

    In the US, stocks like Microsoft, Amazon, Facebook, Apple, and Netflix find themselves in this camp.

    These business are uniquely positioned among the essentials in a post Covid-19 world.

    This is simply because millions will now choose to work, shop, study, and carry out most activities without leaving their homes.

    Telecom and digital businesses no doubt have taken centerstage. Therefore, even a stock like Tata Communications, with no track record of profits, is trading at premium valuations.

    But if you ask me, this is a classic case of euphoria. Bull markets are known to thrive in such euphoria about stocks following the latest fad.

Earlier in June, Tanushree recommended a traditional Indian company to her StockSelect subscribers. The company is competing in the digital space with its latest offerings.

You can access the report here. (requires subscription).

And if you are not a StockSelect subscriber, here's where you can sign up.

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 Ends Marginally Higher; Realty and Telecom Stocks Witness Buying". Click here!


Stock Market Updates

CYIENT Share Price Up by 5%; BSE IT Index Up 3.0% (Today's Market)

Nov 23, 2020 03:21 PM

CYIENT share price is trading up by 5% and its current market price is Rs 487. The BSE IT is up by 3.0%. The top gainers in the BSE IT Index are CYIENT (up 5.3%) and L&T INFOTECH (up 5.9%). The top losers are MPHASIS (down 0.1%) and ORACLE FINANCIAL (down 0.4%).

PROCTER & GAMBLE HEALTH at All Time High; BSE HEALTHCARE Index Up 1.9% (Today's Market)

Nov 23, 2020 02:53 PM

PROCTER & GAMBLE HEALTH share price has hit an all time high at Rs 6,410 (up 6.2%). The BSE HEALTHCARE Index is up by 1.9%. Among the top gainers in the BSE HEALTHCARE Index today are PROCTER & GAMBLE HEALTH (up 6.2%) and PFIZER (up 1.5%). The top losers include AJANTA PHARMA (down 0.1%) and TORRENT PHARMA (down 0.4%).

DIXON TECHNOLOGIES at All Time High; BSE CONSUMER DURABLES Index Down 0.5% (Today's Market)

Nov 23, 2020 02:53 PM

DIXON TECHNOLOGIES share price has hit an all time high at Rs 10,833 (up 3.6%). The BSE CONSUMER DURABLES Index is down by 0.5%. Among the top gainers in the BSE CONSUMER DURABLES Index today are DIXON TECHNOLOGIES (up 3.6%) and WHIRLPOOL OF INDIA (up 0.7%). The top losers include BAJAJ ELECTRICALS (down 0.1%) and SYMPHONY (down 0.2%).

INFO EDGE at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Nov 23, 2020 02:53 PM

INFO EDGE share price has hit a 52-week high. It is presently trading at Rs 4,061. BSE 500 Index is up by 0.9% at 16,911. Within the BSE 500, INFO EDGE (up 1.4%) and EQUITAS HOLDINGS LIMITED (up 20.0%) are among the top gainers, while top losers are LAKSHMI VILAS BANK and LEMON TREE HOTELS.

PROCTER & GAMBLE HEALTH Share Price Up by 5%; BSE HEALTHCARE Index Up 1.9% (Today's Market)

Nov 23, 2020 02:45 PM

PROCTER & GAMBLE HEALTH share price is trading up by 5% and its current market price is Rs 6,351. The BSE HEALTHCARE is up by 1.9%. The top gainers in the BSE HEALTHCARE Index are PROCTER & GAMBLE HEALTH (up 5.0%) and JUBILANT LIFE SCIENCES (up 5.6%). The top losers are AJANTA PHARMA (down 0.1%) and TORRENT PHARMA (down 0.3%).

Sensex Trades Marginally Higher; Dow Futures Up by 109 Points (Today's Market)

Nov 23, 2020 12:30 pm

BSE Sensex is trading up by 20 points, while the NSE Nifty is up by 22 points.

View More Indian Share Market News

Most Popular

This One Smallcap Stock is a Must Have in Your Portfolio(Profit Hunter)

Nov 11, 2020

Investing in this smallcap could open doors of huge, long-lasting wealth.

This Diwali Consider Richa's #1 Stock Pick for 2021(Profit Hunter)

Nov 13, 2020

Why I admire the approach that Richa uses to zero in on stocks with huge upside potential.

This is Goodbye!(Fast Profits Daily)

Nov 10, 2020

Keep me in your thought's dear viewers!

Should You Buy Gold Now?(Fast Profits Daily)

Nov 11, 2020

Pfizer has announced a vaccine for covid-19. In response, gold prices have fallen. Should you buy? Find out in this video..

US Elections: Won a Battle, Now the War(The Honest Truth)

Nov 13, 2020

Ajit Dayal on the urgent need to fix the disparity between the rich and the poor in the US.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Nov 23, 2020 (Close)