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 Opens Strong; PSU & Realty Stocks Lead
Thu, 13 Dec 09:30 am | Rini Mehta, TM Team

Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1% while the Hang Seng is up 1.3%. The Shanghai Composite is also trading up by 1.3%. US stocks closed up on Wednesday afternoon, though well below their session highs as investors pulled back in the last few minutes of trading despite optimism about US-China trade relations and some reassuring signs in British politics.

Back home, India share markets opened strong today. The BSE Sensex is trading up by 248 points while the NSE Nifty is trading up by 65 points. The BSE Mid Cap index opened the day up by 1% while BSE Small Cap index opened up by 0.9%.

All sectoral indices have opened the day on a positive note with PSU stocks and realty stocks witnessing maximum buying interest.

--- Advertisement ---
The Secrets Behind Our Most Successful Recommendations…Revealed (Claim Within 48 Hours)

Every serious investor should own a copy of this book…

Not only does it contain the lessons we've learnt in over 20 years of successful stock picking…

It also reveals the secret strategies behind some of our most successful recommendations!

And it's one of the most popular books we've ever published.

And we'd like to send you a copy…

Just confirm your address and other details, and we'll have this book delivered right to your doorstep (anywhere in India).

You don't have to pay us anything for the book – just cover postage and handling.

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

The rupee is currently trading at Rs 71.62 against the US$.

Speaking of benchmark indices, if we check how the BSE-Sensex performed compared to BSE-Midcap and BSE Smallcap during downturns.

We get this result.

The starting point of this exercise was the economic downturn of 2008.

During this time, the BSE-Sensex was down 38% compared to -54% and -59% of BSE-Mid and BSE-Small index respectively.

Similarly, during the period of 'policy paralysis' of 2011-12, the large-cap index outperformed both the indices.

FY16 was an exception where the large-cap index underperformed.

Nevertheless, during the current calendar year, the BSE-Sensex outperformed by a wide margin and is currently giving a positive return of 6% compared to -17% and -27% of BSE-Mid and BSE-Small indices respectively.

Clearly, in the face of such volatility, you need a balance of growth and safety. Safe stocks will offer you that safety.

To get started, I recommend Tanushree's special report - 7 Stocks To Profit From This Market Crash.

If you are a StockSelect subscriber, you can read the report here.

If you want to access to this special report, all you need to do is sign up here.

In the news from the economy. As per the latest data released by the Central Statistics Office (CSO), two key indicators of macro economy, industrial production and retail price inflation improved their performance in October and November, respectively.

Industrial activity grew at an 11-month high of 8.1% in October, while the retail inflation rate fell to a 17-month low of 2.33% in November.

With inflation consistently undershooting the Monetary Policy Committee's target, it increases the likelihood of a change in policy stance from calibrated tightening to neutral, which could serve as a precursor to a rate cut.

Reserve Bank of India Governor Shaktikanta Das will chair the next monetary policy committee meeting in February.

The index of industrial production rose from 4.5% in September, with the major sectors registering strong growth. Manufacturing grew 7.9% in October, from 4.6% in September. Electricity generation and mining output increased by 10.8% and 7% respectively. Capital goods grew by 16.8%.

Further, the consumer price index (CPI) fell from 3.38% in October, on the back of falling food prices, correction in retail fuel prices and the waning impact of the Housing Rent Allowance revision.

The consumer food price index contracted by 2.61% in November, with major segments such as vegetables, pulses and sugar contracting.

It must be noted that, the Reserve Bank of India's (RBI) monetary policy statement is one of the most tracked events in the financial world. With both core and retail inflation easing to new lows, a rate cut in key interest rates is widely expected.

Rate cut or not, we at Equitymaster, do not attempt to predict how and when macroeconomic developments will unfold. Instead, we focus on the fundamentals and the underlying business strength of companies.

The ValuePro  team is always on the lookout for all-weather stocks whose fortunes are not tied to economic cycles.

Moving on to the news from pharma sector. Lupin share price is in focus today after the company said a court in Europe has upheld a decision to impose a fine of 40 million euros (over Rs 3.3 billion) on the company by European Commission (EC).

It involves a litigation over blood pressure lowering drug Perindopril.

The company said the General Court of the European Union has delivered its judgment concerning Lupin's and other companies appeal against the EC 2014 decision in the Perindopril litigation.

Note that, the company added that it will study the court's judgment and evaluate further course of action.

In 2014, Lupin and Unichem Laboratories are among six global drug makers on which the European regulator had imposed a collective fine of 427.7 million euros for striking deals to prevent entry of cheaper version of blood pressure drug Perindopril in the EU.

To know more about the company, you can access to Lupin's Q2FY19 result analysis and Lupin's 2017-18 Annual Report Analysis on our website.

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 Opens Strong; PSU & Realty Stocks Lead". Click here!

  

Stock Market Updates

SUNTECK REALTY Share Price Up by 5%; BSE REALTY Index Up 2.1% (Today's Market)

Aug 4, 2020 03:17 PM

SUNTECK REALTY share price is trading up by 5% and its current market price is Rs 191. The BSE REALTY is up by 2.1%. The top gainers in the BSE REALTY Index is SUNTECK REALTY (up 5.2%). The top losers are MAHINDRA LIFESPACE and PHOENIX MILL (down 2.0%).

MISHRA DHATU NIGAM LTD Share Price Up by 5%; BSE METAL Index Up 1.4% (Today's Market)

Aug 4, 2020 02:59 PM

MISHRA DHATU NIGAM LTD share price is trading up by 5% and its current market price is Rs 208. The BSE METAL is up by 1.4%. The top gainers in the BSE METAL Index is MISHRA DHATU NIGAM LTD (up 5.0%). The top losers is NMDC LTD (down 0.2%).

IPCA LABS Share Price Up by 5%; BSE HEALTHCARE Index Up 1.2% (Today's Market)

Aug 4, 2020 02:59 PM

IPCA LABS share price is trading up by 5% and its current market price is Rs 1,997. The BSE HEALTHCARE is up by 1.2%. The top gainers in the BSE HEALTHCARE Index are IPCA LABS (up 5.0%) and APOLLO HOSPITALS (up 5.2%). The top losers are PROCTER & GAMBLE HEALTH and PFIZER (down 0.1%).

VAIBHAV GLOBAL Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Aug 4, 2020 02:55 PM

VAIBHAV GLOBAL share price is trading up by 10% and its current market price is Rs 1,485. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are VAIBHAV GLOBAL (up 10.3%) and FINE ORGANIC INDUSTRIES (up 10.4%). The top losers are NMDC LTD (down 0.1%) and TCS (down 0.1%).

FINE ORGANIC INDUSTRIES Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Aug 4, 2020 02:53 PM

FINE ORGANIC INDUSTRIES share price is trading up by 10% and its current market price is Rs 2,440. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are FINE ORGANIC INDUSTRIES (up 10.0%) and RAJESH EXPORTS (up 10.2%). The top losers are BIOCON and TCS (down 0.1%).

Sensex Surges 550 Points; HDFC Bank & Reliance Industries Top Gainers (Today's Market)

Aug 4, 2020 12:30 pm

The BSE Sensex is trading up by 566 points, while the NSE Nifty is trading up by 158 points.

View More Indian Share Market News

Most Popular

Why the Stock of HDFC Bank Deserves a Closer Look than Before...(Profit Hunter)

Jul 22, 2020

HDFC Bank's results point to a gaping hole in Indian financial sector. Possibly even a global contagion.

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

My Best Trading Ideas When Interest Rates Are So Low(Fast Profits Daily)

Jul 23, 2020

India's interest rates are lower than the inflation rate. Here are the best trades for this situation.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

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 4, 2020 (Close)

MARKET STATS