Sensex Ends 231 Points Higher; Capital Goods and FMCG Stocks Witness Buying

Wed, 29 Jan Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   12:30 pm   

Editor's note: Dear reader, we are now on Telegram! Get our latest views on stock markets and more, instantly. Join our Telegram channel here!

---

Indian share markets continued their momentum during closing hours and ended their trading session on a positive note.

At the closing bell, the BSE Sensex stood higher by 231 points (up 0.6%) and the NSE Nifty closed higher by 73 points (up 0.6%).

The BSE Mid Cap index ended up by 0.5% and the BSE Small Cap index ended the day up by 0.1%.

On the sectoral front, gains were seen in the FMCG sector, metal sector and capital goods sector.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood down by 2.82% and the Nikkei was trading up by 0.71%, while the Shanghai Composite was trading down by 2.75%.

European markets were trading on a positive note. The FTSE 100 was up by 0.10%. The DAX was trading flat, while the CAC 40 was trading up by 0.30%.

The rupee was trading at 71.23 to the US$ at the time of writing.

Speaking of Indian share markets, the chart below shows the monthly trend in SIP inflows.

SIPs on the rise

As can be seen, in the month of December 2019, SIP inflows into mutual funds hit an all-time high of Rs 8,518 crore.

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

• AMFI data shows that mutual funds added, on average, 9.55 lakh SIP accounts each month during FY2019-20, with an average SIP size of about Rs 2,850 per SIP account.
• From April to December 2019, there were a total of 85.99 lakh new SIP registrations. Indian mutual funds have currently about 2.98 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes.
• Total SIP AUM (assets under management) has been growing steadily. As on December 2019, the total SIP AUM stood at Rs 3.17 lakh crore.

The big picture Ankit is trying to show is clear.

A lot of money is continuously pouring into the stock markets despite all the bad news about the economy.

In fact, Ankit has also been recommending his Insider subscribers to buy stocks that take advantage of this megatrend (requires subscription).

In news from the finance sector, Bajaj Finance share price was in focus today as the company reported a 52% year-on-year (YoY) jump in consolidated net profit for the third quarter ended December 31.

The growth here was driven by strong growth in net interest income and loan growth.

On a consolidated basis, the company reported profit of Rs 16.1 billion in Q3FY20.

New loans booked during the quarter increased by 13% YoY.

Customer franchise increased by 24% YoY to 40.38 million as of 31 December 2019 from 32.57 million as of 31 December 2018.

Assets under management (AUM) of Bajaj Finance grew by 35% YoY to Rs 1,450.9 billion as of 31 December 2019.

Net interest income for Q3FY20 was up by 42% YoY at Rs 45.4 billion.

During the quarter, Bajaj Finance made an accelerated provision of Rs 850 million in its loan against securities portfolio. Adjusted for this, loan losses and provisions (expected credit loss) for Q3FY20 was Rs 7.46 billion.

Gross NPA and Net NPA stood at 1.61% and 0.70% respectively, while the provisioning coverage ratio stood at 57%.

The consolidated results of Bajaj Finance include the results of its wholly owned subsidiaries viz. Bajaj Housing Finance Limited (BHFL) and Bajaj Financial Securities Limited (BFinsec).

Moving on to the news from commodity markets, gold was witnessing selling pressure today. Losses for the yellow metal were seen as market participants took stock of the economic impact of the new coronavirus and awaited the US Federal Reserve's interest rate decision.

Market participants are looking forward to the US Federal Reserve's policy decision due later in the day. The death toll from the coronavirus outbreak in China rose to 132, while the number of confirmed cases rose to 5,974.

Gold prices also witnessed selling yesterday after strength in the dollar index and upbeat US Richmond manufacturing index and consumer confidence data.

How the policy decision of the Federal Reserve pans out and what impact it has on gold prices remains to be seen. We will keep you updated on all the developments from this space.

Speaking of gold, Vijay Bhambwani 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...

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