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 Flat; Realty and Energy Stocks Gain
Tue, 26 Mar 09:30 am | Rini Mehta, TM Team

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.4% while the Hang Seng is up 0.3%. The Nikkei 225 is trading up by 1.8%. While, the indices in the US moved between negative and positive territory throughout the session, with investors keeping their eyes on the US Treasury market.

Back home, India share markets opened on a flat note. The BSE Sensex is trading up by 49 points while the NSE Nifty is trading up by 22 points. Both, the BSE Mid Cap index and BSE Small Cap index opened up by 0.3%.

Barring IT stocks and telecom stocks, all the sectoral indices have opened the day in green with realty stocks and energy stocks leading the gainers.

The rupee is currently trading at 68.91 against the US$.

The rupee ended almost flat at 68.96 per US dollar Monday as participants preferred to wait on the sidelines to see the outcome of RBI's first-ever rupee-dollar swap auction.

The forex market sentiment revived towards the fag-end, offsetting early losses amid increased selling of the greenback by exporters, the reports noted.

At the Interbank Foreign Exchange market, the rupee opened on a weak note at 69.09 then fell further to 69.17 against the US dollar. The local unit, however, erased the initial gains and finished at Rs 68.96, down by just 1 paisa over its previous close.

On Friday, the rupee had ended lower by 12 paise at 68.95 against the American currency on rise in demand for the greenback from importers and sell-off in domestic equities.

The rupee-dollar swap auction announced by the RBI earlier in March will infuse Rs 350 billion into the system. The auction of US$ 5 billion for a tenure of three years will be conducted today.

Additionally, foreign portfolio investors (FPIs) bought equities worth a net Rs 1.5 billion on Monday. Ongoing flood of liquidity into both debt and equity coinciding with the stable dollar index has led to recent strength of rupee.

Foreign investors are back in the news.

The recent surge in the Indian stock markets can be also attributed to the strong foreign investor inflows into Indian equities.

The chart reveals the monthly trend in foreign investor flows into Indian equities over the last five years. The period almost coincides with the term of the Modi government.

Are Foreign Investors Coming Back to Indian Equities?

During this period, you can see that foreign investor participation in Indian equities shrank.

Over the last five years, foreign investors were net sellers in 24 months. Effectively, foreign investors were net sellers 40% of the time.

The chart shows that the highest monthly net foreign investor inflow over the last five years was recorded in March 2017 at Rs 337.8 billion.

However, foreign investor flows are influenced by a myriad of global factors and are susceptible to change course anytime.

Moving on to other news. As per an article in a leading financial daily, food inflation in the country is likely to go up to 2% in FY20 from the 0.7% estimated for FY19.

It can be noted that the low food prices have been one of the prime factors which has aided the RBI to be more accommodatory in its rate setting recently.

As per the report, low food prices in the last few months can be attributed to the prices of cereals and vegetables which have been low for some time.

Deregulation of markets, which saw delisting of vegetables from the Agriculture Produce and Marketing Committee Act (APMC) in 14 states, has helped the vegetable prices.

In the case of cereals, "active food management" policies have helped, and the government released buffer stocks in large quantities and went in for higher imports on this front.

Going forward, the food inflation is unlikely to shoot up sharply unless there is some shock related to weather events, the reports noted.

Now how this pans out going forward remains to be seen. Meanwhile, we will keep you updated of the developments from this space.

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 Flat; Realty and Energy Stocks Gain". Click here!

  

Stock Market Updates

HPCL Surges by 5%; BSE OIL & GAS Index Up 1.5% (Today's Market)

Jun 5, 2020 03:31 PM

HPCL share price has surged by 5% and its current market price is Rs 205. The BSE OIL & GAS is up by 1.5%. The top gainers in the BSE OIL & GAS Index is HPCL (up 5.0%). The top losers are RELIANCE IND. (down 0.1%) and INDRAPRASTHA GAS (down 2.9%).

TATA METALIK Surges by 11%; BSE METAL Index Up 3.6% (Today's Market)

Jun 5, 2020 03:15 PM

TATA METALIK share price has surged by 11% and its current market price is Rs 544. The BSE METAL is up by 3.6%. The top gainers in the BSE METAL Index is TATA METALIK (up 10.7%).

THE INDIAN HOTELS Surges by 11%; BSE 500 Index Up 1.2% (Today's Market)

Jun 5, 2020 03:15 PM

THE INDIAN HOTELS share price has surged by 11% and its current market price is Rs 93. The BSE 500 is up by 1.2%. The top gainers in the BSE 500 Index are THE INDIAN HOTELS (up 11.2%) and PVR LTD (up 15.1%). The top losers are LAURUS LABS LTD and ZEE ENTERTAINMENT .

TORRENT POWER LTD Surges by 5%; BSE POWER Index Up 2.4% (Today's Market)

Jun 5, 2020 03:05 PM

TORRENT POWER LTD share price has surged by 5% and its current market price is Rs 343. The BSE POWER is up by 2.4%. The top gainers in the BSE POWER Index are TORRENT POWER LTD (up 5.0%) and RELIANCE INFRA (up 9.9%).

SBI Surges by 6%; BSE BANKEX Index Up 2.1% (Today's Market)

Jun 5, 2020 02:45 PM

SBI share price has surged by 6% and its current market price is Rs 185. The BSE BANKEX is up by 2.1%. The top gainers in the BSE BANKEX Index is SBI (up 5.9%). The top losers is CITY UNION BANK (down 1.3%).

Sensex Trades Marginally Higher; Tata Steel & ONGC Top Gainers (Today's Market)

Jun 5, 2020 12:30 pm

The BSE Sensex is trading up by 128 points, while the NSE Nifty is trading up by 59 points.

View More Indian Share Market News

Most Popular

6 Charts Showing the State of Indian Financial Markets in 2020(Sector Info)

May 26, 2020

Six charts showing how Indian financial markets have performed in 2020 so far...

Why We Picked This Smallcap Stock for a Post Coronavirus World(Profit Hunter)

May 28, 2020

Covid-19 has made it a survival of the fittest race for many companies. The ones that can adapt will thrive in a post crisis world.

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

Who Will Be Crowned the 'Multibagger Blue Chip' of the Decade?(Profit Hunter)

May 25, 2020

Will the mutlibagger blue chips of the past decade continue to rule the bourses?

More

India's #1 Trader
Reveals His Secrets

The 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


Jun 5, 2020 (Close)

MARKET STATS