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 Opens Marginally Lower; Tata Steel and Coal India Top Losers
Wed, 20 Oct 09:30 am

Sensex Opens Marginally Lower; Tata Steel and Coal India Top Losers

Asian share markets are trading mixed today as US stocks rallied overnight buoyant by corporate earnings.

The Hang Seng and the Nikkei are trading up by 1.2% and 0.3%, respectively. Meanwhile, the Shanghai Composite is trading on a flat note.

In US stock markets, Wall Street indices closed higher on Tuesday with the biggest boost coming from the technology and healthcare sectors, as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate.

The Dow Jones ended higher by 0.6% while the Nasdaq Composite jumped 0.7%.

Back home, Indian share markets have opened on a negative note.

Market participants will track shares of Havells India, Jubilant Foodworks, Tata Communications, and Just Dial as these companies will announce their September quarter results today.

The BSE Sensex is trading down by 180 points. Meanwhile, the NSE Nifty is trading lower by 85 points.

Nestle India is among the top gainers today. Tata Steel and Asian Paints, on the other hand, are among the top losers today.

The BSE Mid Cap index has opened down by 0.5%. The BSE Small Cap index is trading lower by 0.7%.

--- Advertisement ---
Govt's 257 Bn Rupees Boost for EVs- Your Chance for Potentially Wild Profits

A few days back, the government announced that it will be pumping a whopping 257 billion rupees into electric vehicle initiatives by 2025.

We urge you to become a part of the EV gold rush that's happening now and gain the early mover advantage.

We have closed in on 3 EV stocks which could potentially hand you over insane profits in the long run.

We will be revealing all the details in one of our upcoming special online event.

Sign Me Up For the FREE Event
------------------------------

Sectoral indices are trading on a mixed note with stocks in the metal sector and power sector witnessing selling pressure.

IT and capital goods stocks, on the other hand, are trading in green.

Shares of Sonata Software and Infosys hit their 52-week high today.

The rupee is trading at 75.14 against the US$.

Gold prices are trading up by 0.3% at Rs 47,422 per 10 grams.

Gold demand is likely to be more subdued than expected in 2021, following India's prolonged battle with Covid-19, said the World Gold Council (WGC).

Speaking of the stock markets, Brijesh Bhatia, Research Analyst at Fast Profits Report shares his view on housing finance stocks, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

In news from the FMCG sector, Nestle India is among the top buzzing stocks today.

FMCG major Nestle on Tuesday reported a 5.2% rise in its net profit to Rs 6.2 bn for the third quarter ended September, driven largely by a high single-digit volume growth in the domestic market.

FREE Event: The Great Indian Wealth Project

The company, which follows the January-December financial year, had posted a profit of Rs 5.9 bn in the same period a year ago.

Topline rose 9.6% to Rs 38.6 bn as against Rs 35.3 bn a year ago.

Nestle's total expenses increased 10.5% to Rs 30.8 bn as compared to Rs 27.9 bn in the year-ago period.

The company's Chairman and Managing Director Suresh Narayanan said,

  • This quarter has once again seen the Company deliver 'double-digit broad-based value growth' in domestic sales across categories.

Nestle India's domestic sales were up 10.1% to Rs 36.9 bn as against Rs 33.5 bn in the year ago period.

During the quarter, Nestle introduced Maggi noodles and Polo in the Middle East market, while Crunch Wafers have been launched in ASEAN markets.

The company's export sales rose 1.30% to Rs 1.8 bn.

Nestle also declared an interim dividend of Rs 110 per share.

Nestle India share price has opened the day up by 0.6%.

Speaking of the FMCG sector, have a look at the chart below which shows the performance of BSE Sensex and BSE FMCG index since 2009.

While the Sensex has offered more than 393% returns since 2009, the BSE FMCG index has gone up a staggering 532% returns over the same period.

Richa Agarwal, Senior Research Analyst at Equitymaster, and Editor of the smallcap service, Hidden Treasure, believes this outperformance could continue for many years.

With a rising population and standards of living, Indian's consumption demand for FMCG products will skyrocket over the coming years.

--- Advertisement ---
What CNBC Won't Tell You...

The next 10 years would be a golden period for Indian investors...

The "Big Bull" Rakesh Jhunjhunwala claims it could be one of the largest stock market bull runs in India ever...

And veteran investor Raamdeo Agarwal says the S&P BSE Sensex could even reach 200,000 points in the next 10 years... All thanks to these...

Highly Powerful Wealth-Building Mega-Trends
------------------------------

Moving on to news from the energy space, Adani group will invest over US$50-70 bn in renewable energy value chain over the next decade.

The group firms have committed 70% of planned capex until 2030 to the energy transition, the group's billionaire chairman Gautam Adani said on Tuesday.

Adani said he made a plea for equitable and pragmatic policies in the battle against climate change and recommended setting practical goals and agendas.

He added that hydrogen is a game-changer and the group's green energy portfolio will expand to become one of the world's largest green hydrogen producers.

He also suggested that a collaborative approach was needed wherein developed nations, which have emitted more greenhouse gases over time, shoulder greater responsibility and propose policies and targets that fairly address the needs of the developing world.

Adani Ports has committed to the 1.5-degree pathway through SBTi (Science Based Targets initiative) and so has Adani Green Energy.

Adani Green Energy will also triple its renewable power generation capacity over the next four years.

Adani Transmission has also made the same commitment and the other portfolio companies are working towards committing to the 1.5-degree pathway.

How the above developments pan out remains to be seen.

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 Opens Marginally Lower; Tata Steel and Coal India Top Losers". Click here!

  

Stock Market Updates

Sensex, Nifty Trade Flat; Telecom & Healthcare Stocks Under Pressure (Today's Market)

Dec 3, 2021 10:30 am

Indian share markets trade flat with the BSE Sensex down by 34 points, while the Nifty is trading lower by 11 points.

SGX Nifty Down 52 Points; Indicates Negative Opening for Indian Stock Markets (Today's Market)

Dec 3, 2021 SGX Nifty

Trends on SGX Nifty indicate a negative opening for Indian stock markets.

L&T, ReNew Power Join Hands for Green Hydrogen Biz, Cadila's Covid Vaccine, and Buzzing Stocks Today (Today's Market)

Dec 3, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

India's Top 5 Monopoly Stocks to Watch Out for(Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

5 Indian Companies Embracing Blockchain Technology(Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.

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


Dec 3, 2021 (Close)

MARKET STATS