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Indian Indices End Positively, Surge in Crude Oil Prices, and Top Cues in Focus Today
Wed, 25 Mar Pre-Open | Monish Vora, TM Team

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Indian share markets continued to trade in the green during closing hours yesterday and ended on a strong note.

Benchmark indices climbed after Finance Minister Nirmala Sitharaman said that an economic package was still underway even as she announced a slew of other measures, mainly with regard to regulatory compliance matters.

In early trade yesterday, Sensex rose more than 1,450 points as global sentiments improved after the US Federal Reserve pledged to spend as much as needed to steady the financial system.

At the closing bell yesterday, the BSE Sensex stood higher by 693 points (up 2.7%) and the NSE Nifty closed higher by 191 points (up 2.5%).

The BSE Mid Cap index ended up by 1.6%, while the BSE Small Cap index ended flat.

On the sectoral front, gains were largely seen in the IT sector, healthcare sector and energy sector.

Since the coronavirus outbreak, all BSE indices and NSE indices are down in the range of 25-35%.

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In a recent article, we dive deep and show you how bad the coronavirus impact has been for individual sectors. You can read the same here: Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know

Also, what is the best way to protect your investments amid the corona crash?

Our special report, How to Trade the Coronavirus Crash, has the answer. Just claim your FREE copy here...

In the video below, Ajit Dayal, founder of Quantum group, shares his views on the impact of the Coronavirus crisis and the oil price war on the Indian economy and the stock market.

He also talks about the market crash and how to invest your hard-earned money across various assets in these difficult times.

Tune in to find out more...

Tanushree Banerjee believes that the ongoing market crash could, in fact, be an inflection point for what she calls the irreversible Rebirth of India megatrends.

For bluechip stocks, she believes the time is ripe to begin buying some of the safest bluechips as there is safety in valuations and the market is offering them at deeper and deeper bargains.

The profits of bluechips (BSE 200 companies) are currently at a decade low as can be seen in the chart below.

A Rebound in Profits Overdue?

Tanushree is recommending her subscribers, to buy stocks selectively, a few at a time, by taking partial exposures to begin with.

She has already recommended 4 safe bluechips in the past month and there are several more in her watchlist. You can access them here: Here's How You Could Trade the Coronavirus Crisis Safely (requires subscription)

And if you are not a StockSelect subscriber, here's where you sign up.

And here's some futures and options data from Vijay Bhambwani, editor of Fast Income Alerts...

Here's what Vijay wrote about the same...

  • NSE f&o turnover was Rs 5,50,875 Crs (yesterday Rs 4,16,818 Crores). Rally boosted volumes, as did the rollover process from March to April futures.

    The marketwide average MWPL was 22.29% (previous 22.43%). Unwinding ahead of expiry is a routing phenomena.

    Statistical Beta is still very high. Stay alert.

To track such data on a daily basis and get our latest views on stock markets and more, you can join our Telegram channel here.

Top Stock to Buy: One stock with crorepati potential

Top Stocks in Focus Today

From the FMCG sector, shares of Hindustan Unilever (HUL) witnessed buying interest yesterday after the consumer goods major announced the acquisition of intimate hygiene brand VWash from Glenmark Pharma for an undisclosed sum.

From the banking sector, IndusInd Bank share price will be in focus today. The stock of the lender plunged as much as 30% to hit an 8-year low of Rs 235.55 today, after the bank's managing director and chief executive officer Romesh Sobti retired on Monday.

Sobti retired on Monday as he turned 70. The RBI norm does not allow the position to be held by anyone beyond 70 years.

The private lender's market-capitalisation slipped below the Rs 200 billion-mark in early trade today.

The bank said that it has appointed Sumant Kathpalia as the managing director and chief executive officer. Kathpalia's appointment as MD & CEO will be placed for approval of the shareholders at the ensuing annual general meeting, the bank said in a statement.

However, shares of IndusInd Bank recovered most of the losses and ended down by 7% yesterday.

Crude Oil Prices See a Huge Spike

Crude oil prices rose around 4% yesterday on hopes that the US will soon reach a deal on a US$ 2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.

On the Multi Commodity Exchange, crude oil for April delivery surged by Rs 117 to Rs 1,931 per barrel.

The US Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from restrictions on commerce that scientists say are needed to slow the coronavirus pandemic.

Note that, crude oil prices had crashed earlier this month in what was the worst price dip since the 1991 Gulf War with Brent prices plunging to US$ 31 per barrel.

In a recent article, we have written the entire timeline showing economics of falling crude oil prices. You can check the same here: All About the 30% Crash in Crude Oil - 10 Points

Vijay Bhambwani, editor of Weekly Cash Alerts at Equitymaster, states that at this point in time, short selling natural gas & crude oil at significantly higher levels for the coming summer are high conviction trades.

To know more about his view and positions, you can check out his recent article here: Fed Opens Money Tap (requires subscription).

Vijay's last 11 recommendations have been profitable. He will be sharing full details of his trading system on Monday, 30 March at 5pm.

You can sign up for Vijay's upcoming event here.

From the IPO Space...

In latest developments from the IPO space, Everstone Capital, which owns 99.39% stake in Burger King India, is in advanced talks to sell a 4-5% stake in Burger King India to private equity fund Oman India Joint Investment Fund (OIJIF), for an estimated Rs 1-1.5 billion.

As per sources, the transaction could close over the next two weeks, or by mid-April.

An Everstone spokesperson said there was strong investor interest in Burger King India and that any share sale prior to the IPO would constitute a pre-IPO sale, without specifically referring to its stake sale discussions.

Earlier this month, Burger King India postponed the launch of its Rs 10 billion initial public offering, in which Everstone was reported to be selling at least a fourth of its stake, after markets globally underwent a meltdown due to the Covid-19 pandemic.

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...

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Stock Market Updates

RELIANCE IND. Share Price Down by 6%; BSE OIL & GAS Index Down 2.9% (Today's Market)

Jul 15, 2020 03:28 PM

RELIANCE IND. share price is trading down by 6% and its current market price is Rs 1,978. The BSE OIL & GAS is down by 2.9%. The top gainers in the BSE OIL & GAS Index is OIL INDIA (up 0.3%). The top losers is RELIANCE IND. (down 5.8%).

NETWORK18 MEDIA Share Price Down by 5%; BSE 500 Index Down 0.2% (Today's Market)

Jul 15, 2020 03:28 PM

NETWORK18 MEDIA share price is trading down by 5% and its current market price is Rs 46. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are WIPRO (up 16.8%) and STERLITE TECH. (up 10.7%). The top losers are NETWORK18 MEDIA (down 5.0%) and RELIANCE IND. (down 5.8%).

JAI CORP LTD Share Price Down by 5%; BSE METAL Index Up 0.1% (Today's Market)

Jul 15, 2020 03:24 PM

JAI CORP LTD share price is trading down by 5% and its current market price is Rs 97. The BSE METAL is up by 0.1%. The top gainers in the BSE METAL Index are HINDALCO (up 0.8%) and TATA STEEL (up 0.5%). The top losers is JAI CORP LTD (down 5.4%).

SUNTECK REALTY Share Price Down by 10%; BSE REALTY Index Down 2.1% (Today's Market)

Jul 15, 2020 03:22 PM

SUNTECK REALTY share price is trading down by 10% and its current market price is Rs 188. The BSE REALTY is down by 2.1%. The top gainers in the BSE REALTY Index are PHOENIX MILL (up 1.1%) and OBEROI REALTY (up 0.2%). The top losers is SUNTECK REALTY (down 10.0%).

KALPATARU POWER Share Price Down by 5%; BSE CAPITAL GOODS Index Down 0.5% (Today's Market)

Jul 15, 2020 03:22 PM

KALPATARU POWER share price is trading down by 5% and its current market price is Rs 261. The BSE CAPITAL GOODS is down by 0.5%. The top gainers in the BSE CAPITAL GOODS Index are SADBHAV ENGINEERING (up 4.6%) and SIEMENS (up 2.3%). The top losers is KALPATARU POWER (down 5.4%).

Indian Indices Extend Rally; Infosys & Axis Bank Top Gainers (Today's Market)

Jul 15, 2020 12:30 pm

The BSE Sensex is trading up by 771 points, while the NSE Nifty is trading up by 213 points.

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