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?  

Indian Share Markets Trade Flat; HDFC Bank and TCS Top Losers
Thu, 9 Dec 10:30 am

Indian Share Markets Trade Flat; HDFC Bank and TCS Top Losers

Asian share markets are trading in the positive territory following recent rallies in US and other peers.

The Nikkei is down 0.2% while the Hang Seng is up 0.9%. The Shanghai Composite rallied over 1%.

In US stock markets, Wall Street indices closed slightly higher on Wednesday with the three major indexes managing their third straight day of gains after test data showed the Covid-19 vaccine from Pfizer and BioNTech offered some protection against the new Omicron variant.

The Dow Jones added 0.1% while the Nasdaq advanced 0.6%.

Back home, Indian share markets are trading on a flat note.

The BSE Sensex is trading down by 69 points. Meanwhile, the NSE Nifty is trading lower by 24 points.

Reliance and Asian Paints are among the top gainers today. HDFC Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index and the BSE Small Cap index are trading higher by 0.2% and 0.6%, respectively.

Sectoral indices are trading mixed with stocks in the telecom sector and energy sector witnessing buying interest.

Realty stocks and finance stocks, on the other hand, are trading in red.

Shares of Tanla Platforms and GSK Pharma hit their 52-week highs today.

The rupee is trading at 75.45 against the US$.

--- Advertisement ---
Rahul Shah's Lazy Millionaire Summit Is Now LIVE...

Discover the Master Key to Turning Every Market Crash to Your Advantage

Hurry up! Join in now...

Click Here to Join the Lazy Millionaire Summit

Crude oil prices extended gains on confidence that the Omicron coronavirus variant would not dent global growth, even as some governments stepped up curbs to stop its rapid spread.

Gold prices are trading down by 0.1% at Rs 48,047 per 10 grams.

Meanwhile, silver prices are trading down by 0.1% at Rs 61,564 per kg.

Gold is flat today as the US dollar and treasury yields firmed ahead of key inflation data that could provide clues on the Federal Reserve's next policy move.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among the best performing commodities this year to combat the fallout from the coronavirus pandemic.

In news from the automobile sector, Tata Motors is amm kilometers of EV operations on the road.rchive-page&utm_medium=website&utm_campaign=views-on-news&utm_content=story" target="_blank">electric vehicles (EVs) at its core.

The nation's largest truck maker has taken a lead in the passenger electric vehicle (EV) space, and is transitioning to new-age platforms designed to deliver futuristic EVs in the commercial vehicle (CV) space as well.

Equitymaster's Stock Screener: Identifying High-Potential Stocks Has Never Been this Easy

These vehicle architectures will also be able to accommodate CNG, LNG and diesel powertrains, in a significant shift from the past when fossil-fueled vehicles were re-engineered to make EVs.

Girish Wagh, executive director of commercial vehicle business said Tata Motors wants to lead and drive electrification in the marketplace just as it did with the conventional powertrains in the past.

It is working on a range of options catering to the short-range battery-operated vehicles for the last mile with the small CV offerings and gas-based fuel-cell electric vehicles to cater to the more extended range.

The company is also revamping its sales and marketing interface with the induction of senior marketing professionals like Shubranshu Singh, who joined from Royal Enfield, and former Ford India managing director Anurag Mehrotra, who will steer its international business and strategy.

Apart from last mile, some steel and cement companies are asking for electric trucks for mining applications, and Tata Motors has already started working on a solution.

Note that Tata Motors' nearest rival in the CV segment, Ashok Leyland, is already out in the market looking for an investor for its EV business under Switch Mobility.

Earlier this year, Tata Motors secured orders for 15 hydrogen fuel cell electric buses from Indian Oil Corp.

--- Advertisement ---
There is a new paradigm shift currently unfolding across the global economic landscape...

And at the heart of this massive SHIFT is...


India is on the verge of a multi-trillion-dollar rebirth that could potentially mint countless new millionaires...

If you are on the right side of this mega shift, then it could be your biggest opportunity to build potentially massive wealth over the long term.

Click here to find all the details...

Tata Motors has so far supplied more than 650 buses to various state transport undertakings and has secured experience of 20 m kilometers of EV operations on the road.

Shares of Tata Motors are currently trading lower by 0.5%.

To know more, check out Tata Motors' 2020-21 annual report analysis.

Speaking of stock markets, Brijesh Bhatia discusses whether it's time to by the dip in realty stocks, in his latest video for Fast Profits Daily.

In the video, Brijesh explains why going long in realty stocks is a good idea. Tune in to find out more.

Moving on to news from the telecom sector, senior executives of Bharti Airtel, Jio and Vodafone Idea (Vi) pushed the government to put all 5G bands including those currently used for 4G, for sale, reduce levies and give a longer period of moratorium on payment for the new airwaves.

Vodafone and Jio asked for a level playing field where no spectrum airwave is allotted to any OTT or satellite player and all get a chance to bid like the telcos do.

These comments by Vodafone Idea come on the back of a battle between satellite firms and telcos where the former have asked for free or nominally priced airwaves while the latter have protested the high-priced auction route.

The battle between the two camps heated up when the sector regulator recently asked Starlink, the satellite broadband arm of Elon Musk's SpaceX, not to "solicit any telecom business or collect any related fees" for its upcoming broadband-from-space services in India without the necessary authorisations.

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

Telecom stocks are trading on a positive note today with Bharti Airtel up 0.5% while Vodafone Idea has zoomed 9%.

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 "Indian Share Markets Trade Flat; HDFC Bank and TCS Top Losers". Click here!


Stock Market Updates

Sensex Extends Fall, Slumps 1,500 Points; Bajaj Finance, Tech Mahindra and Tata Steel Plunge 5% (Today's Market)

Jan 24, 2022 01:30 pm

The BSE Sensex fell over 1,500 points while the NSE Nifty dipped to 17,150-mark.

Sensex Tanks 650 Points Tracking Weak Global Cues, Nifty Below 17,450; Metal & IT Stocks Bleed (Today's Market)

Jan 24, 2022 10:30 am

Indian share markets follow global cues and trade lower. The BSE Sensex is down 540 points, while the Nifty is trading lower by 181 points.

SGX Nifty Down 122 Points; Indicates Gap-Down Opening for Indian Stock Markets (Today's Market)

Jan 24, 2022 SGX Nifty

Trends on SGX Nifty indicate a gap-down opening for Indian stock markets.

SBI Life Insurance Quarterly Results, Vedanta's Bid for BPCL Stake, and Buzzing Stocks Today (Today's Market)

Jan 24, 2022 Pre-Open

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

View More Indian Share Market News

Most Popular

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.

These 5 Penny Stocks are Held by Rakesh Jhunjhunwala. Worth a Look?(Views On News)

Jan 18, 2022

Rakesh Jhunjhunwala is holding these penny stocks in his portfolio for several years now.

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.

Time to Buy Energy Stocks(Fast Profits Daily)

Jan 14, 2022

Energy is a sector that looks set to take off. It's time to get in.


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


Jan 24, 2022 (Close)