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 Ends 181 Points Higher; Energy and Healthcare Stocks Witness Buying
Wed, 20 Nov Closing | Monish Vora, TM Team

Indian share markets continued to trade on a positive note during closing hours but ended their session off day's high.

At the closing bell, the BSE Sensex stood higher by 181 points (up 0.5%) and the NSE Nifty closed higher by 59 points (up 0.5%).

The BSE Mid Cap index ended up by 0.3%, while the BSE Small Cap index ended the day up by 0.1%.

On the sectoral front, gains were seen in the healthcare sector and energy sector. Realty sector and consumer durables sector, on the other hand, witnessed selling.

Asian stock markets finished on a negative note as of the most recent closing prices. The Hang Seng stood down by 0.75% and the Nikkei was trading down by 0.62%, while the Shanghai Composite was trading down by 0.78%.

European markets were also trading on a negative note. The FTSE 100 was down by 1.24%. The DAX was trading down by 0.98%, while the CAC 40 was trading down by 0.70%.

The rupee was trading at 71.84 to the US$ at the time of writing.

In the news from commodities space, gold was trading on a volatile note today. Prices for the yellow metal fell for the second straight day today.

--- Advertisement ---
Last Day to Grab the Biggest Opportunity of This Decade...

This is your last chance...

You had registered for Richa's emergency summit, Rebound Riches, but you missed it for some reason.

At the summit we revealed how the carnage on the stock markets has created a once-in-a-decade opportunity... a rare chance to grab high-potential stocks at very attractive prices.

The details of 3 such high-potential stocks are outlined in Richa's special report, 'Rebound Riches: 3 Stocks Set to Become India's Next Mega Stocks.'

If you act before 11:59pm tonight, then you can grab it for virtually FREE.

Because once the clock strikes 11:59pm, you might miss out on the biggest money-making opportunity of this decade.

Click here to grab the biggest opportunity of this decade...
------------------------------

After the recent decline, gold prices are now down about Rs 1,800 per 10 grams from September highs of about Rs 40,000 per gram.

Gold prices have been weighed down this week as optimism grew about US-China trade ties following a report of "constructive talks" over the weekend, while losses were capped by a softer dollar.

Gold is considered a safe store of value during times of economic or political uncertainty.

Market participants now await minutes of the Federal Reserve's last policy meeting which is due today for clues about the future interest rate trajectory.

Gold is highly sensitive to interest rates, as a lower interest reduces the opportunity cost of holding the non-yielding bullion.

Speaking of gold, how lucrative gold has been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

Gold Has Been a Shining Long-Term Investment

Gold Has Been a Shining Long-Term Investment

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

Here's what Ankit Shah wrote about this in a recent edition of The 5 Minute WrapUp...

  • In fact, gold has delivered double-digit gains in 10 of the last 15 years.

    During the entire 15-year period, gold has shot up 555% (compounded annual return of 12.1%).

    During the same period, the Sensex surged 511% (compounded annual return of 12.0%). If you include dividends, the Sensex returns would be higher than gold by a couple of percentage points.

    One must note that the Sensex returns are not representative of the broader market returns. Moreover, gold was a no-brainer. You didn't have to study financial statements, business models and forecast future earnings growth to get a double-digit return on your investment.

    If you grab a pie of the big money-making opportunities beyond stocks, I would strongly insist you attend Vijay's Weekly Cash Summit here (It's free).

Meanwhile, Vijay Bhambwani also talks about how gold has been relied upon by humankind for 3000 years in one of his videos.

If you consider street inflation, your fixed deposits are giving negative yields. In times like these, Vijay considers gold as a safe haven.

So, is it the time to buy gold?

Tune in to find out...

--- Advertisement ---
3 Tech Stocks to Boost Your Wealth

Technology. That's where the growth is.

That's why we believe, it's time to load up on 3 specific tech stocks.

We've spent years to vet these stocks.

And our research says... these 3 cutting edge tech stocks could potentially create a wave of Indian millionaires.

Click here for the full details...
------------------------------

Moving on to news from the power sector, Kalpataru Power Transmission share price was in focus today. The stock of the company witnessed buying interest as the company exited one of its subsidiaries.

In a filing, Kalpataru Power Transmission said it had completed the sale of its entire stake in Kalpataru Satpura Transco on November 20 after obtaining the regulatory and other approvals.

Consequently, Kalpataru Satpura Transco Private Limited ceases to be the subsidiary of the company from November 20.

The company has entered into definitive agreements to sell its stake in three subsidiaries to CLP India Private Limited, subject to receipt of relevant approvals and completion of conditions precedent.

In other news, stock markets regulator SEBI will be looking to tackle a host of issues at its board meeting scheduled today.

The market regulator may discuss a significant reduction in time taken to process a rights issue to 31 days or less, from the current 55-58 day framework.

Also, as per a leading financial daily, it will consider increasing the minimum investment limit from Rs 25 lakh to Rs 50 lakh and raising the minimum net worth requirement from Rs 2 crore to Rs 5 crore for a company to run a PMS fund.

The regulator is also looking to streamline regulations for auditors, especially after the accounting scandals that have hit India Inc. lately.

We will keep you updated on all the decisions and news from this space. Stay tuned.

And 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 Ends 181 Points Higher; Energy and Healthcare Stocks Witness Buying". Click here!

  

Stock Market Updates

Sensex Ends 142 Points Higher; Healthcare and Capital Goods Stocks Witness Buying (Today's Market)

Aug 10, 2020 Closing

While the BSE Sensex ended up by 142 points, the NSE Nifty ended higher by 61 points.

VA TECH WABAG Share Price Up by 17%; BSE CAPITAL GOODS Index Up 3.2% (Today's Market)

Aug 10, 2020 03:35 PM

VA TECH WABAG share price is trading up by 17% and its current market price is Rs 151. The BSE CAPITAL GOODS is up by 3.2%. The top gainers in the BSE CAPITAL GOODS Index are VA TECH WABAG (up 17.3%) and HINDUSTAN AERONAUTICS (up 8.3%). The top losers are THERMAX (down 0.2%) and AIA ENGINEERING (down 0.4%).

STRIDES PHARMA SCIENCE Share Price Up by 15%; BSE HEALTHCARE Index Up 4.8% (Today's Market)

Aug 10, 2020 03:35 PM

STRIDES PHARMA SCIENCE share price is trading up by 15% and its current market price is Rs 616. The BSE HEALTHCARE is up by 4.8%. The top gainers in the BSE HEALTHCARE Index are STRIDES PHARMA SCIENCE (up 14.9%) and PFIZER (up 5.1%). The top losers are ALKEM LABORATORIES (down 0.1%) and FORTIS HEALTHCARE (down 0.3%).

CYIENT Share Price Up by 6%; BSE IT Index Up 0.3% (Today's Market)

Aug 10, 2020 03:35 PM

CYIENT share price is trading up by 6% and its current market price is Rs 362. The BSE IT is up by 0.3%. The top gainers in the BSE IT Index are CYIENT (up 5.9%) and TAKE SOLUTIONS (up 12.0%). The top losers are NIIT TECHNOLOGIES and WIPRO (down 0.1%).

PC JEWELLER Share Price Down by 5%; BSE 500 Index Up 0.8% (Today's Market)

Aug 10, 2020 03:35 PM

PC JEWELLER share price is trading down by 5% and its current market price is Rs 18. The BSE 500 is up by 0.8%. The top gainers in the BSE 500 Index are HIMACHAL FUTURISTIC (up 20.0%) and EMAMI LTD (up 20.0%). The top losers are PC JEWELLER (down 5.0%) and BIRLA CORPORATION (down 7.4%).

BOMBAY BURMAH Share Price Up by 12%; BSE 500 Index Up 0.7% (Today's Market)

Aug 10, 2020 03:21 PM

BOMBAY BURMAH share price is trading up by 12% and its current market price is Rs 1,533. The BSE 500 is up by 0.7%. The top gainers in the BSE 500 Index are BOMBAY BURMAH (up 11.8%) and DIVIS LABORATORIES (up 11.9%). The top losers are MAHARASHTRA SEAMLESS and WELSPUN CORP .

View More Indian Share Market News

Most Popular

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)

Aug 10, 2020

Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?

This 20 Year Cycle Suggests Gold is Set for an August Rally(Profit Hunter)

Jul 31, 2020

The real reason why gold prices will go up more.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 10, 2020 (Close)

MARKET STATS