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?  

A volatile day of trading
Mon, 20 Dec Closing

Indian indices had a rather volatile day of trading today. The morning session saw the indices languishing in the red. However, buying activity intensified post noon to push the indices above the dotted line. Although there was some paring of gains in the final hour, the indices managed to close barely into the positive. While the BSE Sensex closed higher by around 24 points, the NSE Nifty lost around 2 points. The BSE Midcap closed lower by 0.1%, while the BSE Smallcap closed higher by 0.4%. Gains were largely seen in IT and auto stocks.

As regards global markets, Asian indices closed in the red today while European indices have opened in the green. The rupee was trading at Rs 45.44 to the dollar at the time of writing.

As per a leading business daily, Tata Chemicals' UK subsidiary Brunner Mond (a manufacturer of soda ash and associated alkaline products) will be acquiring British Salt for £93 m (approx. Rs 6.5 bn). Tata Chemicals will not be funding this acquisition as Brunner Mond will be financing it entirely through debt. British Salt is the manufacturer of pure dried vacuum salt and owns brine wells in the UK which have a residual life of 50 years. The company is also active in the gas storage business. The rationale for Brunner Mond acquiring this company is that it will have long-term supply of brine for its operations. It must be noted that Tata Chemicals had acquired Brunner Mond (Europe's second largest producer of soda ash), for Rs 5.1 bn or US$ 113 m (63.5% stake) in December 2005 with the aim of leveraging on the latter's technological prowess in the ammonium soda process. The stock closed higher today.

Pharma stocks closed mixed today. While Cipla and Cadila Healthcare closed form, Dr.Reddy's and Glenmark led the pack of losers. As per a leading business daily, pharma major Glenmark has received final approval from the US FDA to manufacture and market the generic version of AstraZeneca's drug ‘Plendil.' This drug is indicated for the treatment of hypertension. Glenmark will be launching this drug in the strengths of 2.5, 5 and 10 mg. This drug generated revenues to the tune of US$ 97 m for the 12 month period ended September 2010 as per IMS Health. This is a positive for the company and will enhance its revenues from the highly competitive US generics market. US currently accounts for around 35% of Glenmark's overall revenues.

Mr. Rangarajan, who is the Chairman of the Economic Advisory Council to the Prime Minister, expects inflation to come down to 6.5% by the end of December. He opines that it would also touch 5.5-6% by the end of March. It must be noted that inflation has in recent many months been a chief concern for the government and the RBI what with food prices escalating. Rangarajan also expects the economy to grow at around 9% led by the manufacturing and the services sector. India has grown at a strong pace in the last few years and although growth slowed down at the height of the financial crisis, it was still stronger than the growth witnessed by its peers in the West.

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 "A volatile day of trading". Click here!

  

Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Mar 4, 2021 (Close)

MARKET STATS