Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

March Quarter Results, Rising Crude Oil Prices, and Top Cues in Focus Today
Mon, 27 May Pre-Open | Monish Vora, TM Team

On Friday, share markets in India traded on a positive note throughout the day and ended above the 39,000-mark.

The BSE Sensex closed higher by 623 points to end the day at 39,435. L&T and ICICI Bank were among the top gainers.

While the broader NSE Nifty ended up by 187 points to end at 11,844.

Among BSE sectoral indices, realty stocks gained the most by 4.2%, followed by capital goods stocks and telecom stocks.

Top Stocks in Action Today

DLF share price will be in focus today as the company is targeting a 10% increase in sales bookings for FY20 at around Rs 27 billion, on hopes of an increase in housing demand.

Coal India share price will also be in focus today as its subsidiary - Northern Coalfields has reportedly inaugurated a new wharf-wall at MGR route line of company's Nigahi coal producing area to reduce coal transportation by road.

State Bank of India (SBI) share price and National Bank for Agriculture and Rural Development (NABARD) have reportedly joined hands, by signing a Memorandum of Understanding (MoU) for formation and credit linkage of 1,300 joint liability groups.

Results Corner

Market participants will track Adani Ports share price, BHEL share price, and InterGlobe aviation share price as these companies are set to announce their March quarter (Q4FY19) results today.

You can also read our recently released Q4FY19 Results: Bajaj Auto, PI Industries, IndusInd Bank, Bosch.

--- Advertisement ---
Revealed: 7 Stocks With Potential to Scale New Heights Just like Modi...

When the BJP gained an absolute majority on its own in 2014, a lot of people thought it was a one-off thing.

But Modi proved them wrong in the 2019 elections, when he beat his party's 2014 seats tally.

Yes! And now, just like Modi, who appears to be scaling new heights regularly, our Co-Head of Research has identified 7 companies that too have the potential to scale new heights and grow substantially during Modi's second stint as PM.

Full details of these 7 stocks are included in Tanushree's special report.

Click here to know how you could get this report for FREE now…

Revival Plan for Jet

Top executives from Hinduja group and Etihad met last week in Abu Dhabi to work out a deal. Reports state that no decision was taken regarding the partnership.

As per a leading financial daily, negotiations between Etihad Airways and Hinduja group regarding the joint ownership of Jet Airways hit a dead end.

Here's an excerpt from the article:

  • The Hinduja Group is uncertain about making any investment in Jet. Initial talks are still underway. It is unlikely that they will translate into an investment.

Reportedly, Jet needs around Rs 59.5 billion of investments to resume its operations.

Oil Prices

Oil rose towards US$ 69 per barrel on Friday after two sessions of losses. However, crude oil didn't fully recoup losses seen earlier last week. These losses were seen on the back of concerns over economic slowdown and rising inventories.

Note that crude oil prices witnessed sharp correction last week amid surging US crude inventories and weak demand from refineries. The Energy Information Administration (EIA) said US crude oil inventories rose last week, hitting their highest levels since July 2017, due to weak refinery demand.

Commercial US crude inventories rose by 4.7 million barrels in the week ended May 17, to 476.8 million barrels.

US crude oil production also rose by 100,000 barrels per day (bpd) to 12.2 million bpd, putting output near its record of 12.3 million bpd reached late last month.

Speaking of crude oil, within the oil industry, there are signs of a further rise in output from the United States, where crude production has already surged by more than 2 million barrels per day (bpd) since early 2018, to a record 12.3 million bpd.

That has made the United States the world's biggest producer ahead of Russia and Saudi Arabia.

As you know, rising crude oil prices have a big impact on the Indian economy as it imports over 70% of its energy needs.

Rise in crude oil increases input costs for dependent firms. It also means rising inflation. Rising inflation means rising interest rates.

It also puts pressure on the government to cut excise duty, thereby impacting its revenues. We have already seen that happening.

Research Analyst, Richa Agarwal believes that this has the potential to bring down sentiments in the domestic markets. She further believes that, if oil prices continue their upward march in a tight global environment, a broader correction in the sentiment fueled domestic market cannot be ruled out.

To know more on what moved the Indian stock markets today, you can 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 "March Quarter Results, Rising Crude Oil Prices, and Top Cues in Focus Today". Click here!


Stock Market Updates

TIME TECHNO Plunges by 5%; BSE 500 Index Down 1.7% (Today's Market)

Sep 17, 2019 03:33 PM

TIME TECHNO share price has plunged by 5% and its current market price is Rs 70. The BSE 500 is down by 1.7%. The top gainers in the BSE 500 Index are PC JEWELLER (up 10.2%) and TATA COMM. (up 5.0%). The top losers are TIME TECHNO (down 5.3%) and HERO MOTOCORP (down 6.4%).

TAKE SOLUTIONS Plunges by 7%; BSE IT Index Down 0.4% (Today's Market)

Sep 17, 2019 03:33 PM

TAKE SOLUTIONS share price has plunged by 7% and its current market price is Rs 134. The BSE IT is down by 0.4%. The top gainers in the BSE IT Index is INFOSYS (up 0.6%). The top losers are TAKE SOLUTIONS (down 6.8%) and ECLERX SERVICES (down 8.1%).

SUNTECK REALTY Plunges by 5%; BSE REALTY Index Down 3.7% (Today's Market)

Sep 17, 2019 03:33 PM

SUNTECK REALTY share price has plunged by 5% and its current market price is Rs 463. The BSE REALTY is down by 3.7%. The top gainers in the BSE REALTY Index is OMAXE LTD (up 0.2%). The top losers are SUNTECK REALTY (down 5.3%) and SOBHA LIMITED (down 5.2%).

TATA STEEL Plunges by 5%; BSE METAL Index Down 2.8% (Today's Market)

Sep 17, 2019 03:33 PM

TATA STEEL share price has plunged by 5% and its current market price is Rs 366. The BSE METAL is down by 2.8%. The top losers is TATA STEEL (down 5.1%).

TATA MOTORS Plunges by 5%; BSE AUTO Index Down 4.0% (Today's Market)

Sep 17, 2019 03:31 PM

TATA MOTORS share price has plunged by 5% and its current market price is Rs 130. The BSE AUTO is down by 4.0%. The top losers are TATA MOTORS (down 5.2%) and HERO MOTOCORP (down 6.3%).

Sensex Slips Over 300 Points; Axis Bank & Tech Mahindra Top Losers (Today's Market)

Sep 17, 2019 12:30 pm

The BSE Sensex is trading down by 304 points, while the NSE Nifty is trading down by 86 points.

View More Indian Share Market News

Most Popular

Buying these Eight Stocks is Like Owning Your Own Business(Profit Hunter)

Sep 5, 2019

Everyone dreams of owning a business. Here is your chance.

7 Stocks to Buy in the Market Today(The 5 Minute Wrapup)

Sep 5, 2019

The stock market had a four-year bull run starting September 2013. Are we seeing a similar pattern now?

Don't Buy Lakshmi Vilas Bank...Buy this Private Sector Bank with 74% Upside(The 5 Minute Wrapup)

Sep 4, 2019

Lakshmi Vilas Bank is in a vicious cycle. The stock is already down 57% in 2019. Despite this, the retail investors increased their holding.

Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)

Sep 12, 2019

News headlines predict gloom and doom for India these days. You should ignore them.

A Recession Proof Stock You Can Bet On(Profit Hunter)

Sep 10, 2019

Usually, the typical horizon period for my smallcap recommendations is 3 to 5 years. But if you ask me, this could be one business that you could own and pass on to future generations.


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


Sep 17, 2019 (Close)