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 Zooms 600 Points, Nifty Tops 17,250; Bajaj Finserv & Tech Mahindra Top Gainers
Tue, 30 Nov 10:30 am

Sensex Zooms 600 Points, Nifty Tops 17,250; Bajaj Finserv & Tech Mahindra Top Gainers

Asian share markets are trading in positive territory as investors became cautiously optimistic the new Omicron variant might not cause a widespread global economic disruption to worsen the coronavirus pandemic.

The Nikkei advanced 0.7% while the Shanghai Composite added 0.2%. The Hang Seng, on the other hand, lost 1.3%.

In US stock markets, Wall Street indices closed higher on Monday, regaining some of the ground they lost in Friday's sell-off, as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden.

The Dow Jones gained 0.7% while the Nasdaq Composite zoomed 1.9%.

Back home, Indian share markets have opened on a strong note. Riding on positive global momentum, benchmark indices advanced over 1% in early trade.

Go Fashion made its Dalal Street debut today. The company sold its shares in the range of Rs 655-690 between 17-22 November to raise Rs 10.1 bn via IPO.

Before listing, it was commanding a premium of Rs 490 per share, a premium of 70% in the grey market.

--- Advertisement ---
STOP Trading and Become a Lazy Millionaire...

There's an incredible way to get extremely rich without losing any sleep whatsoever.

The most amazing thing is that you can accelerate your wealth creation journey with very little effort...and without any unnecessary risk.

Rahul Shah, our Co-Head of Research, is about to reveal his ultimate master key to SUPERFAST riches which he has successfully mastered over the last 15 years.

In fact, on 24th January at 5pm, he's going to reveal everything about the most controversial project of his career - Lazy Millionaire.

If you want to sleepwalk your way to extreme riches, you've got to tune in to this special summit.
------------------------------

Meanwhile, the Rs 72.5 bn IPO by Star Health opened for subscription today.

The BSE Sensex is trading up by 628 points. Meanwhile, the NSE Nifty is trading higher by 185 points.

Bajaj Finserv and Tech Mahindra are among the top gainers today.

Dr Reddy's Lab, on the other hand, is among the top losers today.

Both, the BSE Mid Cap index and the BSE Small Cap index are trading higher by 1.9%.

All sectoral indices are trading in green with stocks in the realty sector and IT sector witnessing most of the buying interest.

Shares of Sheela Foam and Raymond hit their 52-week highs today.

The rupee is trading at 74.94 against the US$.

Gold prices are trading up by 0.1% at Rs 47,587 per 10 grams.

Meanwhile, silver prices are trading up by 0.2% at Rs 61,784 per kg.

Crude oil prices climbed today extending a rebound from last week's plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.

In news from the mining sector, Coal India share price is in focus today.

State-owned Coal India on Monday announced that its board has approved interim dividend of Rs 9 per share.

The company stated that it has fixed 7 December as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2022. The date of payment of dividend is on and from 21 December 2021.

Just recently, it was reported that the dispatch of coal to the power sector for Coal India rose 22.7% to 291.72 m tonne (MT) in the first seven months of the ongoing fiscal year. Coal India had dispatched 237.75 MT of coal to the power sector in April-October period of 2020-21.

FREE REPLAY: Catch the Details of Potential Crorepati-Making Stocks Right Now...

The supply of coal to the power sector during the last month also increased 21.7% to 47.67 MT, over 39.17 MT in the year-ago period.

Coal India accounts for over 80% of the domestic coal output.

The company, which is eyeing one bn tonne of fuel output by 2023-24, will pump over Rs 1.22 lakh crore in projects related to coal evacuation, exploration and clean coal technologies by 2023-24.

This investment of Rs 1.22 lakh crore will be utilised to fund a total of 500 projects.

To know more about the company, check out Coal India's 2020-21 annual report analysis.

Moving on to news from the defence sector, state-run Hindustan Aeronautics (HAL) will manufacture four light utility helicopters (LUHs) under limited series production by 2022-23, according to the government.

Minister of State for Defence Ajay Bhatt, replying to a question in Rajya Sabha on Monday, also said that another eight LUHs will be built by 2023-24.

This would be followed by the manufacture of series production (SP) of the helicopters by HAL.

Note that the defence ministry had approved the procurement of 12 LUH from the HAL for around Rs 15 bn earlier this month.

The LUH is designed and developed as a replacement for ageing fleets of Cheetah and Chetak helicopters being operated by the armed forces.

Indigenously-developed LUH is a new generation helicopter in the 3-tonne category that has state-of-the-art technology features like a glass cockpit with multi-function displays (MFD) and is powered by a single turboshaft engine.

Hindustan Aeronautics share price is currently trading up by 0.7%.

Speaking of the defence sector, have a look at the chart below which shows the top 5 military spending countries in the world as of 2019:

According to a SIPRI (Stockholm International Peace Research Institute) report, India was the third largest military spending country in the world in 2019.

--- Advertisement ---
[Alert] Sell These 3 Stocks Immediately

These 3 stocks are ticking time bombs in your portfolio.

It is very likely that you could be owning these 3 overvalued...

fundamentally weak... ready to crash stocks... in your portfolio today.

Because many stock brokers have painted rosy pictures of these stocks. But the reality is starkly different.

If the market crashes, then these stocks could wipe out your wealth.

You should get rid of these stocks as soon as possible.

Click her for full details of these 3 landmines
------------------------------

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

  • If you look at the chart closely, you will realise it is likely to remain among the top spenders in the coming years.

    It's because of the second largest spender shown in the chart, China.

    With rising tensions between the two countries, the incentive is strong for India to keep up with China.

    It all makes sense for the government to focus on this sector in a big way in the near future.

    The government's 'Atmanirbhar' push will get a massive boost through local defence manufacturing. This will create profitable opportunities in defence stocks for astute investors.

Co-head of Research at Equitymaster, Tanushree Banerjee keeps a close watch on stocks in the defence space. As per Tanushree, defence will be a big wealth-creating opportunity.

Back in July 2021, she recorded a video about India's best drone stocks.

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 Zooms 600 Points, Nifty Tops 17,250; Bajaj Finserv & Tech Mahindra Top Gainers". Click here!

  

Stock Market Updates

Sensex Loses the Psychological 60,000-Mark, Dips 900 Points; Finance & IT Stocks Bleed (Today's Market)

Jan 20, 2022 02:30 pm

The BSE Sensex fell over 900 points while NSE Nifty dipped to 17,700-mark.

Indian Share Markets Trade Lower with Energy Stocks Under Pressure; Infosys, ONGC Top Losers (Today's Market)

Jan 20, 2022 10:30 am

Indian share markets trade lower with the Sensex down by 281 points, while the Nifty is trading lower by 72 points.

SGX Nifty Down 42 Points, M&M's Partnership for Electric Scooters, JSW Energy Quarterly Results, and Buzzing Stocks Today (Today's Market)

Jan 20, 2022 Pre-Open

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

View More Indian Share Market News

Most Popular

India's Best Semiconductor Stocks(Views On News)

Jan 7, 2022

Modern wars are fought with semiconductors. India's best semiconductor stocks have big tailwinds from defence and manufacturing.

10 Indian Companies with the Fastest Growth in Dividend Payouts...(Views On News)

Jan 10, 2022

These companies have been consistently paying higher dividends for several years.

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Watch Out for these 4 Indian Companies Betting Big on EV Supply Chain(Views On News)

Jan 11, 2022

The upside in supply chain players could be huge but a delay in the transition to EVs, or any policy related hiccups could end the momentum.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

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


Jan 20, 2022 (Close)

MARKET STATS