Markets will remain closed on April 17, 2024 on account of Ram Navami.

Of Gujarat Elections, Rising Crude Oil Prices, and Top Cues in Focus Today

Thu, 14 Dec Pre-Open

   Previous Close   

   09:30 am   

   11:30 am   

   01:30 pm   

   Closing   

Indian share markets witnessed selling pressure in yesterday's trading session and finished lower at closing prices.

At the closing bell yesterday, the BSE Sensex closed lower by 175 points and the NSE Nifty finished lower by 47 points. The S&P BSE Mid Cap finished down by 0.9% while S&P BSE Small Cap finished down by 0.8%. Losses were largely seen in realty sector, metal sector and capital goods sector.

Top Stocks in Focus Today

Banking stocks be in focus today banks are set to refer about 23 of the 28 stressed accounts identified by the Reserve Bank of India (RBI) to the National Company Law Tribunal (NCLT). Note that bankers are looking to speed up the resolution of 28 accounts including Videocon Industries, Jaiprakash Associates as the RBI's deadline ends.

Asian Paints share price will be in focus today. The stock of the company witnessed buying interest yesterday after it was reported that the company has acquired 100% stake in Reno Chemicals Pharmaceuticals and Cosmetics (Reno), having its Registered Office at Santacruz East, Near Asian Paints, Mumbai. As per the news, the company has acquired 4,950 equity shares of the face value of Rs 100 for an amount of Rs 1.5 billion.

From the automobile sector, market participants will be tracking Ashok Leyland share price today. The company yesterday reported it is planning to invest Rs 4 billion over the next two years in developing new products, including left-hand-driving trucks. The company is working on left-hand-driving commercial vehicles to tap the potential export markets in Gulf countries and Africa.

Gujarat Election 2017: Second Phase of Polls Start Today

Market participants will be closely tracking the second phase of polls for Gujarat elections which is set to kick off today.

The first phase of the Gujarat Assembly Elections 2017 took place on Saturday, 9 Dec 2017. 89 of the total 182 constituencies in Gujarat went to polls in the first phase of this high-decibel, high-stakes state election. As per news reports, the voter turnout was around 68%.

The final outcome of the elections will be declared on 18^th December.

The outcome is decidedly important for the Indian stock markets. As Ankit writes in one his editions of Equitymaster Insider..."stock market valuations in India seem to reflect what I call the 'Modi market premium'". You can read his entire note on this topic here (subscription required).

Let's wait and watch how the result of this elections turn out. We'll keep a close watch on the developments in this space and keep you updated.

Fed's Decision on Interest Rate

Apart from the above, stock market participants will also take cues from the US Federal Reserve policy meeting.

The Fed, in its last meeting, had kept the benchmark interest rate unchanged.

US Federal Reserve rate hikes generally have a negative impact on emerging economies. But India is currently seen as better equipped than other emerging markets to ride the impact of higher US interest rates. That's largely because of its stronger economic growth and impressive foreign exchange reserves.

How the stock markets react to the development remain to be seen. We'll keep you updated on all the happenings from this space.

Crude Oil Continues Uptrend

In the news from commodities market, crude oil is witnessing buying interest this week.

Oil prices rose yesterday as industry data showed a larger-than-expected drawdown in US crude stockpiles.

Gains were also seen after the shutdown of the Forties North Sea pipeline hit supply levels from a market that was already tightening due to OPEC-led production cuts.

Owing to the above developments, brent crude oil, the international benchmark for oil prices, jumped above US$ 65 per barrel for the first time since 2015.

Rising crude oil prices do not bode well for the Indian economy. This we say is because India is hugely dependent on petroleum imports. In fact, the share of petroleum imports for India has only increased over the years.

India is the world's third-largest oil consumer. And energy consumption in India is set to grow as our economy remains one of the few 'bright spots' in a slowing, aging world economy. And India could face a potent risk with a rise in crude oil prices.

The only way out for India is to reduce its dependence on oil imports and achieve fuel-sufficiency.

To keep a tab on the movements in crude oil and other commodities, you can read the stock market commentary from the Daily Profit Hunter team. Their commentary tracks the developments in the global economy as well as stock, currency, and commodity markets.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers