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?  

SGX Nifty Trades Higher, Falling Gold Prices, Franklin Templeton Fiasco, and Top Buzzing Stocks Today
Wed, 25 Nov Pre-Open | Yash Vora, TM Team

On Tuesday, Indian share markets witnessed positive trading activity throughout the day and ended on a strong note.

Both the benchmark indices logged their respective fresh lifetime highs in intra-day deals, with the NSE Nifty index hitting 13,000 for the first time ever.

At the closing bell yesterday, the BSE Sensex stood higher by 446 points (up 1%).

Meanwhile, the NSE Nifty closed higher by 129 points (up 1%).

Axis Bank and HDFC Bank were among the top gainers.

On the sectoral front, gains were largely seen in the banking sector, automobile sector and finance sector.

At 8 am today, the SGX Nifty was trading up by 62 points, or 0.5% higher at 13,140 levels. Indian share markets are headed for a positive opening today following the positive trend on SGX Nifty.

--- Advertisement ---
These 3 Stocks are the Dark Horses of the Stock Market

The mainstream media mostly ignores them.

Mutual funds and hedge funds can't buy them in bulk.

Stock brokers rarely cover them.

These stocks are the dark horses of the stock market.

They only come in limelight after they have rallied by hundreads of even thousands of percent.

Our head of smallcap research, Richa Agarwal, has a knack for identifying such stocks before they begin their rally.

Over the years, she has spotted such stocks which have gone on to offer triple and even quadruple digit gains for investors. (* Past performance is no guarantee of future results)

Today, when the markets are near all-time high... and some investors are thinking of booking profits... Richa has spotted 3 such stocks which are set for a massive rally.

She will reveal the details of these 3 stocks on 28th January at her free online summit.

Click here to sign-up instantly. It's free.

Here are Top 5 Factors Why Indian Stock Markets Rallied Yesterday

Vaccine Progress: AstraZeneca said its Covid-19 vaccine, cheaper to make, easier to distribute and faster to scale-up than its rivals, could be as much as 90% effective.

Improving Business Activity: US business activity expanded at the fastest rate in more than five years in November led by the quickest pickup in manufacturing since September 2014, fueling optimism of a swift recovery.

Positive Global Markets: Asian shares edged higher today as progress in developing an inexpensive coronavirus vaccine boosted hopes of a swift global economic recovery while European shares gained as a possible easing of lockdowns in France added to a brighter mood from encouraging developments related to coronavirus vaccines.

Banking Stocks Rally: Stocks from the banking sector witnessed huge buying interest today with the Nifty Bank index rising as much as 2.5%. Axis Bank, HDFC Bank, SBI, ICICI Bank and Kotak Mahindra Bank gained in the range of 2-4%.

FII Inflows: Foreign institutional investors continued to pour in money into Indian share markets. FIIs invested nearly Rs 510 billion in the month of November, which is the highest every monthly flow into Indian equities.

We will keep you updated on how these factors develop in the coming days and what effect they have on Indian stock markets. Stay tuned!

BREAKING: Full Details of the #1 Investment of the Decade...

Speaking of stock markets, in her latest video, Co-head of Research at Equitymaster, talks about yet another stock like ITC, that has underperformed in recent months.

She talks about Mahindra & Mahindra (M&M), the ITC of the auto sector. In the video, Tanushree also explains whether M&M has upside from the perspective of growth or value?

Tune in to the video to find out more:

Top Stocks in Focus Today

Adani Ports and Special Economic Zone will be among the top buzzing stocks today.

Adani Ports and SEZ share price said it ranked 14th in the transportation and transportation infrastructure sector of Dow Jones Sustainability Emerging Markets Index, 2020.

Adani Ports is the only company from India to have been included in this sector.

Mindtree share price will also be in focus today as the company has signed a five-year deal with leading wind turbine maker, The Nordex Group to simplify, modernize and transform the company's entire IT landscape globally while providing scalability to support its growth plans.

--- Advertisement ---
Top 3 Stocks for 2020 and Beyond

We've uncovered 3 high-potential tech stocks after years of research.

These 3 cutting edge tech stocks could potentially create a wave of Indian millionaires.

First one is present in the sector which is expected to GROW over 300 times by 2030.

Second one is one of the leading players in Artificial Intelligence technology.

And the third one is involved in putting up a global safety net to save the world from cyber criminals.

These 3 tech stocks have the potential to offer life-changing gains in the long run.

Click here to get the details...

Market participants will also track Motherson Sumi share price.

Motherson Sumi, India's biggest auto-component manufacturer, is pursuing multiple buyout deals, some of which will be made public in the final quarter of the year.

The buyouts are a part of the company's vision of tripling revenues by FY25 to US$ 36 billion from US$ 12 billion under the Vision 2025 plan.

Since 2002, Motherson Sumi Systems (MSSL) has made 24 acquisitions in the automotive and non-automotive segments, with the latest being the business assets of Bombardier's Mexico unit.

Franklin Templeton Fiasco

In news from the mutual funds space, Franklin Templeton Mutual Fund has moved the Supreme Court (SC) against the Karnataka High Court (HC) order that upheld the view that unitholders' consent is a must before wind-up of any mutual fund (MF) scheme.

Sanjay Sapre, President, Franklin Templeton MF said that post the judgement of the Karnataka HC, Franklin Templeton MF considered all possible options over the last few weeks to start returning money to unitholders in the shortest possible time in an orderly manner. This included the option of seeking unitholder consent according to the judgment of the Hon'ble High Court.

The development comes as last month, the Karnataka HC held the view that unitholders' consent was a must to wind up any MF schemes.

In the 333-page order, the High Court examined various aspects of the matter including the role of the Indian stock market regulator and trustees in Franklin Templeton's decision to wind up six of its debt schemes. A large part of HC's order was related to the existing regulatory guidelines for winding up any mutual fund scheme.

As of November 13, 2020, Franklin Templeton's six shut schemes have received total cash flows of Rs 96.8 billion, since April 24, 2020.

The cash available stands at Rs 59.5 billion as for the four cash-positive schemes, subject to fund-running expenses.

Among individual schemes, Franklin India Ultra Short Bond Fund and Franklin India Low Duration Fund have 43% and 27% of their assets in cash. Franklin India Dynamic Accrual Fund and Franklin India Credit Risk Fund have 26% and 8% of their assets in cash.

Last week, Franklin Templeton Mutual Fund said its six shut schemes have received Rs 9.4 billion from maturities, pre-payments and coupon payments in a fortnight.

On April 23, Franklin Templeton shut six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market, following the Covid-19 outbreak.

According to estimates, around 3,00,000 investors are impacted by Franklin Templeton's move to wrap up six of its yield-oriented debt schemes.

Speaking of the Franklin Templeton fiasco and mutual funds, Ajit Dayal, founder of Quantum group, talks about the corruption in the Indian mutual fund industry, in one of his articles. You can read the same here: Black swans, Black crows and Fund lies

Vijay Bhambwani also recorded a video on the analysis of the above situation and his recommendation for debt fund investors. You can check the same here: What the Franklin Templeton Fiasco Means for Traders

Gold Prices Fall on Vaccine Optimism

In news from the commodity space, domestic gold and silver prices fell sharply on Tuesday, continuing their weak trend of recent weeks.

Gold prices for the latest contract on MCX fell as much as 1.7% to Rs 48,650 per 10 grams.

Silver also faced selling pressure as it tumbled by Rs 1,588 to Rs 59,301 per kg from Rs 60,889 per kg in the previous trade.

On Monday, gold prices had slumped Rs 750 or 1.5% per 10 gram while silver had tumbled Rs 1,628 or 2.6% per kg.

In global markets, gold rates dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments.

After hitting a record high of Rs 56,200 in August, gold prices have slumped amid vaccine progress and the recent outflow from gold-backed exchange-traded funds.

Speaking of gold, in one of his videos, India's #1 trader, Vijay Bhambwani talks about whether you should buy gold now. Vijay shares what implications the recent fall in gold prices could have for gold as an investment.

Tune in here to find out more:

To know more about gold, you can check out our detailed article on investing in gold here: How to Invest in Gold?

India's Solar Power Tariffs Hit New Record Low

India's solar power tariffs hit a new record low of Rs 2 per unit during a bid conducted by state run Solar Energy Corporation of India (SECI).

The previously lowest recorded solar tariff in the country was of Rs 2.36 per unit.

Saudi Arabia' Aljomaih Energy and Water Company and Singapore headquartered Sembcorp's India arm' Green Infra Wind Energy placed the winning bids of Rs 2 per kilowatt-hour (kWh) to win the contracts to build 200 MW and 400 MW of solar projects respectively.

State run NTPC placed the second lowest winning bid of Rs 2.01 per unit to secure the balance 470 MW capacity.

The bids comes in the backdrop of fund-starved state electricity distribution companies (discoms) unwilling to sign contracts with intermediary procurers such as SECI for these previously-awarded projects at a comparatively higher tariff.

Due to the recent low-price bids, the discoms are tariff-shopping and are reluctant to ink power supply agreements (PSAs) for these projects.

We will keep you updated on the latest developments from this space. Stay tuned.

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 "SGX Nifty Trades Higher, Falling Gold Prices, Franklin Templeton Fiasco, and Top Buzzing Stocks Today". Click here!


Stock Market Updates

Sensex Tanks 531 Points; Reliance Industries & IndusInd Bank Fall 5% (Today's Market)

Jan 25, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 531 points and the Nifty plunging 133 points.

JUBILANT LIFE SCIENCES Share Price Down by 5%; BSE 500 Index Down 1.0% (Today's Market)

Jan 25, 2021 03:29 PM

JUBILANT LIFE SCIENCES share price is trading down by 5% and its current market price is Rs 956. The BSE 500 is down by 1.0%. The top gainers in the BSE 500 Index are GATEWAY DISTRIPARKS (up 10.9%) and NCC (up 6.4%). The top losers are JUBILANT LIFE SCIENCES (down 5.5%) and INFO EDGE (down 6.9%).

HIMACHAL FUTURISTIC Share Price Down by 5%; BSE 500 Index Down 1.0% (Today's Market)

Jan 25, 2021 03:29 PM

HIMACHAL FUTURISTIC share price is trading down by 5% and its current market price is Rs 32. The BSE 500 is down by 1.0%. The top gainers in the BSE 500 Index are GATEWAY DISTRIPARKS (up 10.9%) and NCC (up 6.4%). The top losers are HIMACHAL FUTURISTIC (down 5.3%) and INFO EDGE (down 6.9%).

ORIENT ELECTRIC Share Price Down by 5%; BSE 500 Index Down 1.0% (Today's Market)

Jan 25, 2021 03:27 PM

ORIENT ELECTRIC share price is trading down by 5% and its current market price is Rs 265. The BSE 500 is down by 1.0%. The top gainers in the BSE 500 Index are GATEWAY DISTRIPARKS (up 11.5%) and NCC (up 6.4%). The top losers are ORIENT ELECTRIC (down 5.4%) and INFO EDGE (down 6.7%).

INDUSIND BANK Share Price Down by 5%; BSE BANKEX Index Down 0.1% (Today's Market)

Jan 25, 2021 03:27 PM

INDUSIND BANK share price is trading down by 5% and its current market price is Rs 912. The BSE BANKEX is down by 0.1%. The top gainers in the BSE BANKEX Index are AXIS BANK (up 2.4%) and HDFC BANK (up 1.3%). The top losers is INDUSIND BANK (down 5.1%).

HDFC AMC Share Price Down by 5%; BSE 500 Index Down 1.0% (Today's Market)

Jan 25, 2021 03:27 PM

HDFC AMC share price is trading down by 5% and its current market price is Rs 3,114. The BSE 500 is down by 1.0%. The top gainers in the BSE 500 Index are GATEWAY DISTRIPARKS (up 11.5%) and NCC (up 6.4%). The top losers are HDFC AMC (down 5.0%) and INFO EDGE (down 6.7%).

View More Indian Share Market News

Most Popular

Time to Book Profits in Pharma Stocks(Fast Profits Daily)

Jan 15, 2021

In this video, I'll show you why it might be the right time to take money of the table in pharma stocks.

Smallcap Stocks: Your Best Bet for 2021 and Beyond(Profit Hunter)

Jan 15, 2021

The pandemic failed to thwart Richa's investing success formula for 2020.

One Chart to See Before You Sell(Fast Profits Daily)

Jan 22, 2021

In this video, I'll show you a crucial chart that you need to check before you decide to sell any stock or index.

Invest in the Multibaggers of 2021 and Beyond(Profit Hunter)

Jan 21, 2021

Our ace stock picker is ready to capitalise on a big growth opportunity.


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


Jan 25, 2021 (Close)