X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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 Trades Over 250 Points Up; Tata Motors & Power Grid Top Gainers
Mon, 17 Dec 12:30 pm | Rini Mehta, TM Team

Stock markets in India are presently trading higher. The BSE Sensex is trading higher by 252 points and the NSE Nifty is trading higher by 59 points. Meanwhile, the BSE Mid Cap index and the BSE Small Cap index both are trading up by 0.3% & 0.2% respectively.

Among the sectoral indices, metal stocks and power stocks are witnessing buying interest. While, consumer durables stocks and IT stocks are trading in red.

The rupee is trading at 71.68 to the US$.

In the news from the economy. According to commerce ministry data, India's exports grew by a meagre 0.8% to US$ 26.5 billion in November.

Imports rose by 4.3% to US$ 43.2 billion during the month, leading to widening of the trade deficit to US$ 16.7 billion.

The deficit widened despite a steep decline of 15.6% in gold imports at US$ 2.8 billion during the month under review.

During April-November this fiscal, exports rose by 11.6% to US$ 217.5 billion, while imports recorded a growth of 14.7% to US$ 345.6 billion.

Trade deficit during the period widened to US$ 128.1 billion as against US$ 106.4 billion during April-November 2017-18.

--- Advertisement ---
Get One of Our Best Services FREE For A Year!

It's not every day that we do something like this. That's why we want you to grab this opportunity with both hands before it disappears.

Simply stated, you now have an opportunity to get one of our best services – our small cap service, Hidden Treasure – FREE for a year.

Yes! Hidden Treasure recommendations have given several triple-digit and even four-digit gains in the long run. And a year's subscription to Hidden Treasure normally costs Rs 6,000.

This offer will expire very shortly and may NEVER be available again. And the reason we're giving this now is due to the recent market crash, a number of solid small caps are also available cheap right now.

So don't delay. Click here for full details right away!
------------------------------

Oil imports in November jumped by 41.3% to US$ 13.5 billion. However, the non-oil imports dipped by 6.8% to US$ 29.7 billion.

Speaking of the reason behind India's rising deficit, the one big thing that worked for the Modi government when it came into power was low oil prices.

Given that India largely imports most of the oil it consumes, lower prices meant the trade deficit was kept in check.

Fast forward to recent past...oil prices had risen.

So has the trade deficit. But can this be entirely attributed to rising crude prices? Not really, if an article in Livemint is to be believed.

You see, oil prices have inched up in FY18. But they are still not as high as they were in FY14.

Yet, in FY14, the trade deficit was barely anything. Whereas in FY18, India is staring at a trade deficit of around US$ 53 billion.

Gold is not the culprit either. Gold imports peaked in FY12, after which they fell and have been at moderate levels.

So it's the non-oil, non-gold deficit that is the big problem today.

You may be aware, dear reader, India's export growth in the last four years has been poor. Meanwhile, imports have risen.

The Real Culprit for India's Rising Deficit

We seem to be staring at a structural problem. While consumption has been a big driver of GDP growth, investments in the economy have not picked up.

This is a crucial issue that must be addressed in the long-term.

Moving on to the news from the pharma sector. Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Hydrocortisone Valerate Ointment USP, 0.2%.

It is a generic version of Westcort Ointment, 0.2%, of Sun Pharmaceutical Industries, Inc.

Glenmark has been granted a competitive generic therapy (CGT) designation for Hydrocortisone Valerate Ointment, therefore, with this approval, Glenmark is eligible for 180 days of CGT exclusivity upon commercialization, the reports noted.

This is Glenmark's first granted CGT product approved by the FDA.

Company's current portfolio consists of 145 products authorized for distribution in the US marketplace and 55 ANDA's pending approval with the USFDA.

To know more about the company, you can access to Glenmark Pharma's latest result analysis and Glenmark Pharma's Stock Analysis on our website.

At the time of writing, Glenmark Pharma share price was trading up by 3.3%.

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

Equitymaster requests your view! Post a comment on "Sensex Trades Over 250 Points Up; Tata Motors & Power Grid Top Gainers". Click here!

  

Stock Market Updates

Sensex Ends 228 Points Higher; Metal and Energy Stocks Witness Buying (Today's Market)

Aug 23, 2019 Closing

While the BSE Sensex closed higher by 228 points, NSE Nifty closed higher by 88 points.

INFO EDGE Plunges by 5%; BSE IT Index Up 1.1% (Today's Market)

Aug 23, 2019 03:26 PM

INFO EDGE share price has plunged by 5% and its current market price is Rs 2,019. The BSE IT is up by 1.1%. The top gainers in the BSE IT Index are TATA ELXSI (up 7.2%) and ORACLE FINANCIAL (up 4.2%). The top losers are INFO EDGE (down 5.4%) and PERSISTENT SYSTEMS (down 5.3%).

ESCORTS LIMITED Surges by 5%; BSE AUTO Index Up 1.5% (Today's Market)

Aug 23, 2019 03:20 PM

ESCORTS LIMITED share price has surged by 5% and its current market price is Rs 454. The BSE AUTO is up by 1.5%. The top gainers in the BSE AUTO Index is ESCORTS LIMITED (up 5.2%). The top losers is EICHER MOTOR (down 1.1%).

CASTROL INDIA Surges by 5%; BSE OIL & GAS Index Up 3.4% (Today's Market)

Aug 23, 2019 03:16 PM

CASTROL INDIA share price has surged by 5% and its current market price is Rs 120. The BSE OIL & GAS is up by 3.4%. The top gainers in the BSE OIL & GAS Index are CASTROL INDIA (up 5.1%) and BPCL (up 5.2%). The top losers [TOPLOSERS].

GE POWER INDIA LTD Surges by 11%; BSE CAPITAL GOODS Index Down 0.3% (Today's Market)

Aug 23, 2019 03:14 PM

GE POWER INDIA LTD share price has surged by 11% and its current market price is Rs 822. The BSE CAPITAL GOODS is down by 0.3%. The top gainers in the BSE CAPITAL GOODS Index is GE POWER INDIA LTD (up 10.7%). The top losers are ELGI EQUIPMENTS (down 0.1%) and THERMAX (down 0.2%).

VODAFONE IDEA Surges by 10%; BSE 500 Index Up 0.9% (Today's Market)

Aug 23, 2019 02:26 PM

VODAFONE IDEA share price has surged by 10% and its current market price is Rs 6. The BSE 500 is up by 0.9%. The top gainers in the BSE 500 Index are VODAFONE IDEA (up 10.1%) and STERLITE TECH. (up 13.3%). The top losers are PAGE INDUSTRIES and GSK CONSUMER (down 0.1%).

View More Indian Share Market News

Most Popular

This 60-Year Old Smallcap Company Could Be Our Next Recommendation(The 5 Minute Wrapup)

Aug 12, 2019

My experience at the recent AGM of this smallcap company which has financials of any FMCG major.

Interest Rates Are Low. Buy Solid Dividend Stocks Instead(The 5 Minute Wrapup)

Aug 13, 2019

The dividends paid by these stocks are helpful when interest rates are falling.

My Top 3 Dividend Stocks to Buy Now(Profit Hunter)

Aug 19, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Smallcaps that Will Outperform in the Market Rebound(Profit Hunter)

Aug 12, 2019

Only These Smallcaps Will Give Historic Returns in the Future.

One Stock You Could Consider Buying Now and Holding Forever(The 5 Minute Wrapup)

Aug 22, 2019

If there is one company that I could recommend that is making the most of the tech disruption, this would be it.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 23, 2019 (Close)

MARKET STATS