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?  

All time high closing!
Thu, 4 Nov Closing

Clearly, investors couldn't have asked for a better gift on the eve of Diwali. Indian stocks continued to surge during the closing hours of the day and in the process, created a record of sorts. The BSE Sensex closed higher by around 430 points today and touched 20,894, its highest ever closing, surpassing the previous high of 20,873 recorded in January 2008. NSE Nifty recorded gains in the region of 120 points, closing higher by 2%. BSE Midcap and Small cap indices didn't go up as strongly as their large cap counterparts but still managed decent gains of around 1% each.

Other Asian indices were in equally buoyant mood as all of them logged in strong gains. Europe too has opened on quite a strong note. Rupee was trading at Rs 44.2 to the dollar at the time of writing.

Today's gains had quantitative easing written all over it. Markets were enthused by the fact that the US Fed is in no mood to put brakes to its liberal monetary policy. In fact, it further loosened its purse strings and announced fresh round of quantitative easing to the tune of US$ 600 bn. Hoping that some of this money would find its way into risky assets like stocks and commodities, there emerged a buying frenzy amongst investors and Indian markets were no exception. Sentiment in India was also buoyed by the fact that Coal India, its biggest IPO ever received a phenomenal response on its debut on the stock exchanges. However, we would like to caution investors that they start investing left, right and center at their own peril. It is during times such as these that the tendency to invest in bad quality stocks is at its peak and hence, such a temptation should be avoided at all costs.

Besides Asian equities, the fresh round of quantitative easing announced by the US Fed also seems to be working its magic on some other key commodities. Take crude oil for instance. As per reports, oil has risen for the fourth straight day today and is trading pretty close to its six month highs. However, this may not be all, the US dollar may continue to weaken going forward and hence, oil could still have some more steam left. While this is music to the ears of crude oil producing countries, wrinkles would have started appearing afresh on the foreheads of Indian policymakers as they grapple with balance of payments problems in view of the higher crude price. While efforts are being made to increase oil security, it still amounts to too little, too late we believe.

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 "All time high closing!". Click here!


Stock Market Updates

MRPL at 52 Week High; BSE 500 Index Up 2.0% (Today's Market)

Mar 1, 2021 03:34 PM

MRPL share price has hit a 52-week high. It is presently trading at Rs 45. BSE 500 Index is up by 1.7% at 19,713. Within the BSE 500, MRPL (up 8.3%) and RCF (up 20.0%) are among the top gainers, while top losers are HIMADRI SPECIALITY CHEMICAL and BHARTI AIRTEL.

KEC INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Mar 1, 2021 03:26 PM

KEC INTERNATIONAL share price is trading up by 5% and its current market price is Rs 454. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are KEC INTERNATIONAL (up 5.2%) and BHARAT ELECTRONICS (up 6.5%). The top losers are SCHAEFFLER INDIA (down 0.2%) and HINDUSTAN AERO. (down 0.3%).

GUJARAT ALKALIES Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Mar 1, 2021 03:24 PM

GUJARAT ALKALIES share price is trading up by 10% and its current market price is Rs 346. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 10.2%) and DEEPAK NITRITE (up 14.5%). The top losers are COLGATE and HDFC AMC .

DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:08 PM

HIMADRI SPECIALITY CHEMICAL share price is trading down by 11% and its current market price is Rs 55. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are RCF (up 20.0%) and MMTC (up 20.0%). The top losers is HIMADRI SPECIALITY CHEMICAL (down 11.3%).

Sensex Rallies 600 Points in Opening Trade; Power Grid & Tech Mahindra Top Gainers (Today's Market)

Mar 1, 2021 09:30 am

The BSE Sensex opened up by 620 points while the Nifty is trading higher by 165 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


Mar 1, 2021 03:36 PM