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, Nifty End Flat; Telecom & FMCG Stocks Drag
Thu, 31 Dec Closing | Yash Vora, TM Team

Indian share markets witnessed volatile trading activity today and ended on a flat note.

Benchmark indices scaled fresh lifetime highs earlier in the day before turning volatile ahead of the expiry of December series derivative contracts.

At the closing bell, the BSE Sensex stood higher by 5 points. Meanwhile, the NSE Nifty ended up by 1 point.

HDFC was among the top gainers today. TCS, on the other hand, was among the top losers today.

SGX Nifty was trading at 14,014, up by 36 points, at the time of writing.

--- Advertisement ---
2 High Growth Stocks for a Potential Millionaire Portfolio

Our co-head of research, Tanushree Banerjee, has uncovered these two high-growth companies.

The first company is using the same model which Apple used to become a global giant.

This asset light model of growth could enable this company to generate excellent shareholder returns... just like Apple's.

The second company is already a world leader in its domain. But the big catalyst of growth is yet to come. A catalyst of $1.4 trillion.

Both these companies have got a long runway of growth ahead. And Tanushree is very confident, their stocks could offer great returns to investors in the coming years.

Tanushree revealed the details of these two stocks at her recently concluded special event - The Great Indian Wealth Project.

You had registered for this event but missed it for some reason.

You can still get all the details about these stocks by watching the special replay of this event.

Get the Details of 2 High Growth Stocks for a Potential Millionaire Portfolio
------------------------------

The BSE Mid Cap index ended up by 0.2%. The BSE Small Cap index ended higher by 0.4%.

Sectoral indices ended on a mixed note with stocks in the realty sector and consumer durable sector buying interest.

FMCG stocks and telecom stocks, on the other hand, witnessed selling pressure.

Both benchmarks, Sensex and Nifty logged their highest annual gains since 2017 and ended with double digit gains for second straight year. The BSE Sensex and NSE Nifty surged 16% and 15%, respectively, in 2020.

News on vaccine development and measures from global central banks to cushion the economic fallout from the crisis have helped the indexes log annual gains.

Watch Now: 3 Little-known Stocks We are Super Bullish On

Asian stock markets ended on a positive note after the announcement of a trade deal with the European Union.

Official data released today also showed activity in China's service and factory sector expanding in December.

The Nikkei ended down by 0.5% while the Shanghai Composite ended higher by 1.7%. The Hang Seng ended up by 0.3%.

US stock futures are trading flat. Nasdaq Futures are trading up by 3 points, while Dow Futures are trading down by 45 points (down 0.1%).

European shares fell today as lockdowns and rising COVID-19 cases overshadowed the optimism around the rollout of vaccines in the New Year.

The rupee is trading at 73.05 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 50,190 per 10 grams.

To know more about gold, you can check out our detailed article on investing in gold here: How to Invest in Gold?



Speaking of stock markets, in his latest video, Co-head of Research at Equitymaster, Rahul Shah talks about his preferred portfolio for 2021 and beyond.

In the video below, Rahul shares his portfolio strategy and the important principles one needs to keep in mind in order to build a market beating portfolio.

Tune in here to find out more:

In latest developments from the IPO space, Antony Waste Handling Cell shares traded at more than 30% premium in the grey market ahead of its listing scheduled on January 1.

The trading premium in the grey market on December 30 was Rs 100-120 per share over its issue price of Rs 315, the grey market data showed.

Antony Waste Handling Cell, one of the top five players in the Indian municipal solid waste (MSW) management industry, will debut on bourses tomorrow after its IPO received 15 times subscription during December 21-23.

The Rs 3-billion IPO comprised of a fresh issue of Rs 850 million and an offer for sale of Rs 2.2 billion by existing shareholders Leeds (Mauritius), Tonbridge (Mauritius), Cambridge (Mauritius) and Guildford (Mauritius).

How shares of the company perform on listing day remains to be seen.

Moving on to stock specific news...

Greenpanel Industries was among the top buzzing stocks today.

Greenpanel Industries share price surged 5% to hit its 52-week high after the company's board approved capital expenditure (capex) of Rs 550 million at its medium-density fibreboard (MDF) plants for better productivity and cost-efficiency.

The company said it will spend Rs 290 million for installation of mat heating system and Rs 260 million on the installation of a wax emulsion system.

The capital expenditure shall be funded through a mix of internal accruals and debts.

The company said its business has improved considerably in the July-September quarter (Q2FY21). MDF volumes have grown by 31.3% year-on-year (YoY) and operating margins have improved by 220 basis points (bps) to 21.8%.

In the past three months, shares of the company have rallied as much as 160%.

Moving on to news from the automobile sector, auto stocks continued their upward trend today ahead of December 2020 sales data which will be announced in the first week of January 2021.

As per a leading financial daily, a low base because of last year's de-stocking is likely to aid the December wholesale numbers.

The report added that almost all segments are likely to show a decent YoY growth in sales. But given that it's a slow season for commercial vehicles, dispatches in this segment could still be soft. Three-wheeler sales are likely to remain sluggish, still the low base of last year should support growth.

India's largest carmaker, Maruti Suzuki's domestic wholesale numbers are expected to show a growth of about 5-7%.

On the two-wheeler front, sales are expected to remain high, while some companies are could see double-digit growth. Some states are showing better growth, which has been largely been coming from rural areas.

Commercial vehicles are likely to remain slow. Ashok Leyland is expected to report a flat growth over last year.

Auto stocks were also in focus after it was reported that American clean-energy and electric-vehicle (EV) company Tesla will begin its operations in India in 2021.

After a significant delay of four years, Tesla will go to the Indian car market by June 2021. Minister for Road Transport & Highways and the minister of micro, small and medium enterprises (MSMEs) Nitin Gadkari confirmed this news and said, "Tesla will start operations first with sales and then maybe look at assembly and manufacturing based on the response to the cars".

The minister said that Tesla will begin its operations with sales first and then maybe look at assembly and manufacturing based on the response to the cars.

He added that India is going to become a number 1 manufacturing hub for auto in five years.

Earlier this year in October, Tesla CEO Elon Musk had recommended that the organization will come to India in 2021.

Note that Tesla has become one of the leading companies in the electric car market. As per reports, Tesla will launch its new Model "Tesla Model 3".

The entry-level Tesla electric car gets a lithium-ion battery with dual electric motors and offers a range of up to 518 km on a single charge.

In other news from the EV space, MG Motor and Tata Power today installed a 60 kW superfast public EV charging station in Coimbatore, the first in the city and also Tamil Nadu.

The latest public EV charging station is available to all vehicles compatible with CCS (Combined Charging System) fast-charging standard and is in line with MG's commitment to provide a 5-way charging ecosystem to its customers.

The initiative is part of MG's recent partnership with Tata Power for the deployment of 50 kW and 60 kW DC Superfast Charging Stations across India.

We will keep you posted on more updates from this space. Stay tuned.

Speaking of electric vehicles, note that the power ministry has approved setting up 2,636 electric vehicle charging stations across 62 cities in 24 states.

Here's what co-head of Research at Equitymaster, Tanushree Banerjee wrote about electric vehicles in one of her editions of Profit Hunter:

  • 106 public and private entities have approached the government for permissions to set up about 7,000 EV charging stations.

    This clearly shows the vehicle manufacturers have enough incentive to capture this latent demand.

    The tax benefit in terms of a lower GST rate (at 5%) is a further shot in the arm of the EV industry.

As per Tanushree, electric vehicles are very much on their way to invading Indian roads. The threat of disruption in this era is something you cannot ignore.

Tanushree believes one of the companies manufacturing lithium ion batteries for powering electric cars will be a key catalyst for the Rebirth of India.

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, Nifty End Flat; Telecom & FMCG Stocks Drag". Click here!

  

Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark (Today's Market)

Feb 26, 2021 02:30 pm

The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 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.

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

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


Feb 26, 2021 (Close)

MARKET STATS