Sensex Trades Marginally Higher; Tata Motors Surges 10%

Tue, 5 Mar 12:30 pm

   Previous Close   

   Pre-Open   

   09:30 am   

   12:30 pm   

   Closing   

Share markets in India are presently trading marginally higher. Barring IT sector, all sectoral indices are trading in green with stocks in the automobiles sector, metal sector and power sector witnessing maximum buying interest.

The BSE Sensex is trading up by 78 points (up 0.2%), while the NSE Nifty is trading up by 36 points (up 0.3%). The BSE Mid Cap index is trading up by 1.5% while the BSE Small Cap index is trading up by 2.4%.

Speaking of Indian stock markets, the recent volatility seen in markets has given opportunity to load up on quality stocks.

The volatility started with the long-term capital gains tax.

Then corporate governance issues at various companies followed.

Then we had the IL&FS impact.

All this has ensured a rough ride for Indian investors.

Now with Indo-Pak tensions escalating, volatility can rise even further.

With the elections fast approaching, what can investors look forward to now?

Here's what Tanushree Banerjee, Editor, The 5 Minute WrapUp, has to say about this...

• History of the past few elections paints a rosy picture.
  
  Despite governments changing hands in 2004 and 2014, the Sensex gave returns of 44% and 13% in a year respectively.
  
  Even in 2009, when the same government retained power, Sensex was up by 18% in a year.

Good Times Ahead for Indian Stock Markets?

As per Tanushree, the recent volatility throws an opportunity to load up on quality stocks. These stocks will piggyback on India's long-term growth story.

She believes these stocks will rise fast when the tide of the market turns up.

The rupee is trading at Rs 70.75 against the US$.

The domestic currency was trading marginally lower against the US$ tracking losses in its Asian currencies market.

So far this year, the rupee has declined 1.6% while foreign investors have bought $2.3 billion in equity and sold $1.7 billion in debt market.

In the news from the healthcare sector, Glenmark pharma share price is in focus today as the company has received final approval from the US health regulator for Telmisartan and Hydrochlorothiazide tablets, used to treat high blood pressure (hypertension).

The approved product is a generic version of Boehringer Ingelheim Pharmaceuticals Inc's Micardis HCT tablets.

Reportedly, the Micardis HCT tablets market achieved annual sales of approximately US$ 40.6 million.

The company's current portfolio consists of 150 products authorised for distribution at the US marketplace and 52 Abbreviated New Drug Applications (ANDAs) pending approval with the USFDA.

To know more about the company, you can read Glenmark Pharma's Q3FY19 Result Analysis and Glenmark Pharma's Annual Report Analysis on our website.

Moving on to the news from the automobiles sector, Force Motors share price is witnessing buying interest today as the company has reported the production, sales and export of the products manufactured by the company during the month of February 2019.

The company's production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 1,259 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 666 units.

The company's domestic sales for SCV & LCV stood at 1,486 units and UV, SUV & Tractors stood at 981 units, while the company has exported 81 units of SCV & LCV and 15 units of UV, SUV & Tractors in month of February 2019.

Force Motors share price is presently trading up by 7.2%.

In another news, Tata Motors share price is also witnessing buying interest today on reports that the company's premium SUV, Harrier, will be the official partner for the VIVO IPL 2019.

As per an article in The Economic Times, the Board of Control for Cricket in India (BCCI) on Monday announced that IPL official partner Tata Motors will promote their newly launched Tata Harrier sports utility vehicle (SUV) as their lead brand for the 2019 Indian Premier League.

Here's an excerpt from the article:

• We are excited to continue our partnership with TATA Motors and have their newly launched SUV, Harrier, as the Official Partner of the IPL, 2019.
  
  Harrier will also continue with the very popular Harrier Fan Catch where fans are rewarded Rs 1 lakh for taking a single-handed catch of a six. One lucky fan who wins the most popular Harrier Fan Catch of the season will drive the luxury SUV home.

As the official partner, Tata Motors will showcase the Harrier in the stadium, across all matches, with exciting on-ground engagement plans and merchandise.

Buying was also seen on the back of heavy volumes after the company denied the reports of exploring options for Jaguar Land Rover Automotive Plc (JLR) including stake sale.

Tata Motors share price is presently trading up by 8.2%.

With today's gain, the stock of Tata Motors has soared 53% from its 52-week low of Rs 129 touched on February 8, 2019 after the company reported the biggest ever quarterly loss by an Indian company at Rs 269.6 billion for the third quarter ended December 31.

Most of the losses were seen on the back of asset impairment in its British arm Jaguar Land Rover (JLR).

The auto major said profit was impacted by an exceptional item of asset impairment in its British arm Jaguar Land Rover (JLR) of Rs 278.4 billion (3.1 billion pounds).

Total revenue from operations, however, rose 4.4% to Rs 775.8 billion as compared to Rs 743.4 billion in the year-ago period.

Speaking of automobiles sector, all the components of BSE Auto index have fallen. Tata Motors have crashed over 60% and Motherson Sumi Systems have plunged over 40% in past one year. While, Bharat Forge, Ashok Leyland and Maruti Suzuki fell over 30% during the same period.

But, one thing we must keep in mind is that not all auto companies will make money over time. And also, you shouldn't stay away from auto stocks altogether.

Even Tanushree Banerjee, Co-head of research at Equitymaster, believes that there are businesses in this sector that you cannot ignore. She is particularly talking about the blue-chip auto stocks.

Here's Tanushree...

• One out of every three household in India is a buyer of their products. They own some of the cult brands in Indian automobile space. They have formidable R&D teams. They have been through several economic cycles over decades. Few have even visited near-bankruptcy in the past and come out successful.
  
  Yet, some of the biggest passenger car, commercial vehicle, and two-wheeler companies in India have seen a huge dent in valuations in recent times.
  
  This could be the opportunity long term investors were waiting for.

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

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