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?  

Markets will remain closed on 21st February, 2020 on account of Mahashivratri.

RBI's Report on NBFCs, Developments in Crude Oil Markets, and Top Cues in Focus Today
Fri, 27 Dec Pre-Open | Monish Vora, TM Team

India share markets witnessed huge selling pressure yesterday and ended their day deep in the red.

At the closing bell yesterday, the BSE Sensex stood lower by 297 points (down 0.7%) and the NSE Nifty stood down by 88 points (down 0.7%).

The BSE Mid Cap index ended down 0.1%, while the BSE Small Cap index ended up by 0.4%.

Stocks in the telecom sector and energy sector witnessed huge selling pressure, while metal stocks were trading in the green.

--- Advertisement ---

India's Tesla Play

We believe there's one specific way to ride the coming electric vehicle (EV) boom that has the potential to generate a lot of money for early movers.

It involves taking a small stake in a company which I believe could be at the forefront of this 'irreversible' shift to EVs. In fact, I would even say that it has the potential to dominate it.

Interested to know more?

Well, all we ask of you is to join us on February 25, at 10am, for a MEGA Summit where we will reveal details about this stock.

Click here to join our FREE MEGA Summit...
------------------------------

Top Stocks in Focus Today

From the finance sector, Dewan Housing Finance Ltd (DHFL) share price will be in focus today as reports suggested that the housing finance firm is expected to resume lending after a gap of seven months.

The corporation, which is under insolvency resolution process, is planning to resume lending to stay relevant in the business.

Reports state that, central bank-appointed administrators at DHFL have decided to lend about Rs 5 billion every month beginning the next few weeks.

The report added that the consortium of lenders, led by the State Bank of India, granted the permission to resume lending in October.

Manappuram Finance share price will also be in focus today as the Financial Resources and Management Committee of the board of directors of the company approved the issuance of the private placement of rated, secured, redeemable non-convertible debentures having face value of Rs 10 lakh each for the amount of Rs 3.5 billion.

Saudi Arabia and Kuwait Sign Agreement for Resumption of Oil Production in Neutral Zone

Saudi Aramco said on Wednesday a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production in the Neutral (partitioned) Zone shared by the two countries.

Saudi Minister of Energy Prince Abdulaziz bin Salman and Kuwaiti Foreign Minister Sheikh Ahmad Nasser al-Mohammad al-Sabah signed an agreement and a memorandum of understanding in Kuwait, the reports noted.

The two OPEC members halted production at the jointly operated Khafji and Wafra fields, which together produce some 500,000 barrels of oil a day (bpd) or up to 0.5% of the world's oil supply, in 2014 and 2015, respectively.

With lots going in oil front, where do you think are oil prices headed? And what does it mean for the Indian markets?

Well, India's no.1 trader, Vijay Bhambwani shares his insights and updates on his YouTube channel regularly.

In his latest video, he talks about how you can hedge against the rising crude oil prices and also gives a perspective as to what's actually happening in this space.

Tune in to find out more...

Govt. May Come Up with Highest-Ever Divestment Target

As per a leading financial daily, the government may come up with the highest-ever divestment target of Rs 1.5 lakh crore in the Budget come February.

As per the news, the government may draw up a list of PSUs where stakes will be reduced below 51% next year.

DIPAM is pushing for corporatisation of Life Insurance Corporation of India (LIC) and The Airports Authority of India (AAI) to help list the companies. It is eyeing about Rs 900 billion from the completion of Bharat Petroleum Corporation (BPCL) and Container Corporation of India (CONCOR) stake sale in the first half of FY21.

So far, the government has raised just Rs 173.6 billion this year through disinvestment proceeds with no strategic sale against its disinvestment target of Rs 1.05 lakh crore.

How this pans out remains to be seen. Meanwhile, we will keep you updated on all the developments from this space.

NBFC Sector Sees Sharp Jump in NPA Ratio

The Reserve Bank of India (RBI) in its report on Trends and Progress 2018-19 has said that the non-banking financial company (NBFC) sector, which has been affected by a series of default by Infrastructure Leasing & Financial Services (IL&FS), reported a sharp jump in gross non-performing assets (NPA) ratio to 6.1% in FY19 from 5.3% in FY18.

The net NPA ratio saw a marginal uptick at 3.4% in the fiscal ended March 2019, compared to 3.3% in FY18.

The RBI in its report said in FY20, up to September, asset quality of the sector showed deterioration with a slight increase in gross non-performing asset (GNPA) ratio.

The net NPA ratio for NBFCs-ND-SI edged up marginally, reflecting the maintenance of adequate buffers, especially by microfinance institutions (MFIs) and Infrastructure Finance Companies (IFC).

Stay tuned for more updates from this space.

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

Equitymaster requests your view! Post a comment on "RBI's Report on NBFCs, Developments in Crude Oil Markets, and Top Cues in Focus Today". Click here!

  

Stock Market Updates

Sensex Ends 152 Points Lower; Energy and IT Stocks Witness Selling (Today's Market)

Feb 20, 2020 Closing

The BSE Sensex ended the day down by 152 points, while the NSE Nifty stood down by 45 points.

ADANI TRANSMISSION Surges by 5%; BSE POWER Index Up 0.6% (Today's Market)

Feb 20, 2020 03:33 PM

ADANI TRANSMISSION share price has surged by 5% and its current market price is Rs 332. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are ADANI TRANSMISSION (up 5.3%) and SUZLON ENERGY (up 9.7%). The top losers are NTPC (down 0.3%) and THERMAX (down 0.6%).

PARAG MILK FOODS LTD Plunges by 5%; BSE 500 Index Down 0.1% (Today's Market)

Feb 20, 2020 03:28 PM

PARAG MILK FOODS LTD share price has plunged by 5% and its current market price is Rs 115. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are INDIABULLS HOU. FIN. (up 10.3%) and AJANTA PHARMA (up 10.2%). The top losers are PARAG MILK FOODS LTD (down 5.0%) and FORBES & CO. LTD. (down 6.3%).

AJANTA PHARMA Surges by 13%; BSE HEALTHCARE Index Up 0.3% (Today's Market)

Feb 20, 2020 03:24 PM

AJANTA PHARMA share price has surged by 13% and its current market price is Rs 1,485. The BSE HEALTHCARE is up by 0.3%. The top gainers in the BSE HEALTHCARE Index is AJANTA PHARMA (up 12.9%). The top losers are TORRENT PHARMA (down 0.2%) and SYNGENE INTERNATIONAL (down 0.2%).

HERITAGE FOOD Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Feb 20, 2020 03:08 PM

HERITAGE FOOD share price has plunged by 5% and its current market price is Rs 408. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are INDIABULLS HOU. FIN. (up 11.5%) and JAIPRAKASH ASSO. (up 9.8%). The top losers are HERITAGE FOOD (down 5.1%) and FORBES & CO. LTD. (down 6.4%).

TRIDENT Surges by 10%; BSE 500 Index Up 0.2% (Today's Market)

Feb 20, 2020 02:40 PM

TRIDENT share price has surged by 10% and its current market price is Rs 6. The BSE 500 is up by 0.2%. The top gainers in the BSE 500 Index are TRIDENT (up 10.0%) and INDIABULLS HOU. FIN. (up 13.3%). The top losers are BAYER CROPSCIENCE and GAIL .

View More Indian Share Market News

Most Popular

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

Will Algo Traders Take Away All Your Profits?(Fast Profits Daily)

Feb 11, 2020

How to fight back against algo trading systems.

A Megatrend to Help You Find the Best Stocks of the Next Decade(The 5 Minute Wrapup)

Feb 12, 2020

Recent events have put climate change into the spotlight. Here's how you should play this megatrend...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, 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 20, 2020 (Close)

MARKET STATS