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?  

Indian Indices Finish Strong; FMCG & Banking Stocks Witness Buying
Fri, 7 Dec Closing | Monish Vora, TM Team

Indian share markets traded on a positive note throughout the day and ended on a strong note. Gains were seen in the bank sector, FMCG sector and auto sector, while oil & gas stocks and PSU stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 361 points (up 1%) and the NSE Nifty closed higher by 93 points (up 0.9%). The BSE Mid Cap index ended the day up 0.2% and the BSE Small Cap index ended the day down by 0.3%.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was down by 0.3% and the Shanghai Composite was up by 0.1%. The Nikkei 225 was up 0.8%.

The rupee was trading at 70.66 against the US$.

As per Association of Mutual Funds of India (AMFI), retail investors continued to pour money in mutual funds through systematic investment plans (SIPs) in the month of November.

This comes as the industry received Rs 79.8 billion via the SIP route in November, a rise of 35.4% on a YoY (year-on-year) basis.

The figure, however, remained flat month-on-month despite the volatility in the stock market.

SIP AUM increased to Rs 2.31 lakh crore in November from Rs 2.17 lakh crore in the previous month. SIP folios also increased to Rs 2.52 crore in November from 2.49 crore last month.

--- Advertisement ---
We Hope You Haven't Bought This Book From Amazon

One of our most popular books, Equitymaster's Secrets, is available on Amazon for Rs 1,450…

We'd say it's cheap even at that price, considering it contains a wealth of secrets and wisdom from our 20+ years of successful stock-picking.

But as an Equitymaster reader, you shouldn't have to pay that much for this book…

Which is why, for a short while only, we're giving away virtually free copies of the latest version of this book to the first 500 readers to act.

Here are the details.
------------------------------

Average Assets Under Management (AAUM) of the industry for the month of November 2018 stood at Rs 24,031 billion, registering a growth of 5% on YoY basis and 8% on month on month basis.

The total number of folios as on November 30, 2018 stood at 79.7 million, witnessed an increase of 23% on YoY basis. Within that the retail segment stood at 67.1 million, up 27% YoY.

Note that the SIP flows in to Indian stock markets are on the rise. Have a look at the chart below. It plots the month SIP contributions over the 31-month period between April 2016 and October 2018.

SIPs Continue to Rise Despite Market Correction

During the above period, SIP contributions have grown from Rs 3,122 crore in April 2016 to Rs 7,985 crore in October 2018, growing at compounded annual rate of 46%.

Currently, there are about 2.49 crore SIP accounts through which investors regularly invest in various Indian mutual fund schemes. As per AMFI data, the mutual fund industry added an average of about 10.05 lakh SIP accounts each month during the financial year 2018-19, with an average SIP size of about Rs 3,200 per SIP account.

Here's what Ankit wrote about it in one of the editions of The 5 Minute WrapUp...

    As I've shown you some of my earlier editorials (here, here and here), there's a structural change in the Indian stock markets. Domestic investors have emerged as key players in the Indian markets.

    But there are a few questions that need to be answered...

    Is this flood of domestic liquidity entering the markets a temporary fad? Or is there some element of long-term sustainability to it?

    To answer these questions, the most reliable piece of data is SIP flows.

    First, let me quickly explain what SIP is all about.

    SIP stands for Systematic Investment Plan. It is an investment plan offered by mutual funds where in one can periodically invest a fixed amount in a mutual fund scheme. It is similar to a recurring deposit where in you deposit a certain amount every month.

    SIP is a convenient method of investing in mutual funds through standing instructions to debit your bank account every month.

    This not only saves you a lot of hassle, it also helps in averaging your costs and investing in a disciplined manner without worrying about timing the market.

    For these reasons, SIPs have been gaining popularity among Indian mutual fund investors.

    The liquidity pouring into the markets through SIPs is relatively stable, reliable, and long-term money.

If the trend in SIP inflows remains steady, it will provide the much-needed buoyancy to the Indian markets which have been witnessing an exodus of foreign investors.

In the news from the aviation sector, Jet Airways share price was in focus today after media reports suggested Etihad Airways has offered to finance as much as US$ 200 million to Jet Airways to keep the airline operational.

As per the news, the airline had sought US$ 350 million in soft loans from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier.

To know more about the company, you can access to Jet Airways' latest result analysis and Jet Airways' 2017-18 Annual Report Analysis on our website.

From the IT space, HCL Technologies share price was in focus today after the company said it is acquiring select IBM software products for US$ 1.8 billion.

As per the news, the products which represent a total addressable market of more than US$ 50 billion include the products in areas like security, marketing and commerce.

The acquisition, which is the largest in the history of HCL, is expected to close by mid-2019.

To know more about the company, you can access HCL Tech Q2FY19 result analysis and HCL Tech Annual Report on our website.

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 "Indian Indices Finish Strong; FMCG & Banking Stocks Witness Buying". Click here!

  

Stock Market Updates

CAPLIN POINT Share Price Down by 6%; BSE HEALTHCARE Index Down 1.1% (Today's Market)

Aug 11, 2020 11:47 AM

CAPLIN POINT share price is trading down by 6% and its current market price is Rs 575. The BSE HEALTHCARE is down by 1.1%. The top gainers in the BSE HEALTHCARE Index are J.B.CHEMICALS (up 4.5%) and ERIS LIFESCIENCES LIMITED (up 2.4%). The top losers is CAPLIN POINT (down 6.1%).

TV TODAY NETWORK Share Price Up by 11%; BSE 500 Index Up 0.3% (Today's Market)

Aug 11, 2020 11:27 AM

TV TODAY NETWORK share price is trading up by 11% and its current market price is Rs 237. The BSE 500 is up by 0.3%. The top gainers in the BSE 500 Index are TV TODAY NETWORK (up 11.0%) and GARWARE TECHNICAL (up 11.5%). The top losers are SHILPA MEDICARE and GILLETTE INDIA .

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

Aug 11, 2020 11:07 AM

TORRENT PHARMA share price has hit a 52-week high. It is presently trading at Rs 3,040. BSE 500 Index is up by 0.6% at 14,843. Within the BSE 500, TORRENT PHARMA (down 12.9%) and NESCO (up 12.9%) are among the top gainers, while top losers are VA TECH WABAG and SUZLON ENERGY.

JINDAL STEEL & POWER Share Price Up by 5%; BSE METAL Index Up 2.7% (Today's Market)

Aug 11, 2020 10:49 AM

JINDAL STEEL & POWER share price is trading up by 5% and its current market price is Rs 212. The BSE METAL is up by 2.7%. The top gainers in the BSE METAL Index are JINDAL STEEL & POWER (up 5.1%) and SAIL (up 6.4%).

VAIBHAV GLOBAL Share Price Up by 10%; BSE 500 Index Up 0.8% (Today's Market)

Aug 11, 2020 10:45 AM

VAIBHAV GLOBAL share price is trading up by 10% and its current market price is Rs 1,862. The BSE 500 is up by 0.8%. The top gainers in the BSE 500 Index are VAIBHAV GLOBAL (up 10.0%) and GARWARE TECHNICAL (up 14.5%). The top losers are PFIZER and BRITANNIA .

Sensex Opens Over 300 Points Up; ICICI Bank and Axis Bank among Top Gainers (Today's Market)

Aug 11, 2020 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 319 points, while the Nifty is trading up by 88 points.

View More Indian Share Market News

Most Popular

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)

Aug 10, 2020

Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?

This 20 Year Cycle Suggests Gold is Set for an August Rally(Profit Hunter)

Jul 31, 2020

The real reason why gold prices will go up more.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 11, 2020 12:11 PM

MARKET STATS