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?  

Of Monetary Policy, IPO Analysis of Shalby Ltd and Top Stocks in Action Today
Tue, 5 Dec Pre-Open | Karan Janani, TM Team

Monetary Policy to Keep the Markets Volatile in the Next Few Days

After shedding off 770 points on concerns over fiscal deficit in the previous week, there was some marginal relief as the S&P BSE Sensex ended yesterday's trade in the positive territory.

Monetary policy scheduled to be held tomorrow will keep investors on their toes. The widespread expectation is that the Reserve Bank of India (RBI) would keep the interest rates unchanged.

The reasons being - One, the retail inflation has inched upwards. Retail inflation quickened to 3.58% in October from 3.28% in September. Second, a sharp rise in the commodity prices especially that of crude oil. From the lows of 30 dollars in 2016, the crude prices have now risen to above 64 dollars. Last but not the least, the growing concerns over fiscal deficit. Since the government has already spend 96% of the budgeted fiscal deficit, any spurt in the government expenditure could possibly breach the 3.2% fiscal deficit budgeted for the year. All these factors lead to the belief that the RBI would keep the interest rates unchanged.

Biocon Surges 15% Post USFDA Approval for Biosimilar of Cancer Drug

Biocon surged by 15% in yesterday's trade after USFDA gave an approval for its breast cancer drug. This drug has been developed in partnership with Mylan. The patented version of this drug named Herceptin clocked a turnover of US$ 2.5 billion in the US in the preceding year. The launch is expected to be in 2019 and the returns from this product could be substantial, considering that the competition is limited.

Infosys Surges on Appointment of Mr Salil Parekh as CEO

The shareholders of Infosys gave a big thumps-up on appointment of Mr Salil Parekh as the CEO, as the stock surged by 2.8% in yesterday's trade. The tussle between Mr Murthy and Mr Sikka had led to Sikka resigning from the post of CEO.

Mr Salil holds a Masters degree in Computer Science and Mechanical Engineering from Cornell University, and a Bachelors degree in Aeronautical Engineering from IIT, Bombay. Reportedly, people who know him describe him as a turnaround manager with expertise in mergers and acquisitions.

Just Released: Multibagger Stocks Guide
(2018 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

Should one subscribe to the IPO of Shalby Ltd?

Shalby Limited is one of the leading multi-specialty chain of hospitals in India. The company currently provides inpatient and outpatient healthcare services through 11 operational hospitals with an aggregate bed capacity of 2,012 beds.

As on 30 June 2017, the company had nine operational hospitals with an aggregate operational bed count of 841 beds. It had a 15% market share of all joint replacement surgeries conducted by private corporate hospitals in India in 2016.

Click here (subscription required) to get our detailed analysis and view on this IPO.

Top Stocks in Action Today

The stocks of Byke Hospitality, Dish TV India, Lux Industries, Alphageo is expected to be in the news today as they declare their results for the quarter ended September 2017.

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 "Of Monetary Policy, IPO Analysis of Shalby Ltd and Top Stocks in Action Today". Click here!


Stock Market Updates

Sensex Zooms 1,030 Points, Nifty Tops 14,980-Mark; HDFC Bank Among Top Gainers (Today's Market)

Feb 24, 2021 Closing

Indian share markets witnessed huge buying interest during the extended closing hours today and ended their day on a strong note.

Sensex Rises 477 Points; Trading Resumes on NSE (Today's Market)

Feb 24, 2021 Special Update

The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.5% (Today's Market)

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

MUTHOOT FINANCE Share Price Down by 6%; BSE 500 Index Up 0.5% (Today's Market)

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

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

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Sensex Trades Over 200 Points Higher; Dow Futures Down by 103 Points (Today's Market)

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

View More Indian Share Market News

Most Popular

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years(Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

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.


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


Feb 24, 2021 (Close)