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India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
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- Indian Stock Market News March 19, 2020
Sharp Recovery for Indian Share Markets: Sensex Recovers 2,100 Points; Nifty Above 8,500 Level Thu, 19 Mar 02:30 pm
Share markets in India have recovered sharply and are currently trading on a positive note.
The benchmark indices erased all intraday losses with Sensex shooting up over 2,100 points from day's low.
The BSE Sensex is trading up by 201 points, up 0.7%, while the NSE Nifty is trading up by 58 points (up 0.7%).
Sectoral indices are trading on a mixed note with stocks in the telecom sector and banking sector witnessing most of the buying interest. On the other hand, stocks from the metal sector and auto sector are witnessing most selling.
Speaking of the volatility we're witnessing amid the gloomy economy and coronavirus fears, what's next for the Indian stock markets?
You have the answer to this!
Participate in Equitymaster's "State of the Markets" poll and make your opinion count.
60 seconds is all that this anonymous poll will take.
Participate here: Equitymaster's "State of the Markets" Poll
Also, here's what Richa Agarwal, our smallcap analyst at Equitymaster, has to say about the ongoing market volatility and what it means for stock market participants...
- ...at a time when you see the Sensex and large cap stocks taking big knocks, you will be completely surprised at another feature of the market.
It has flown under the radar for most investors so far...
Small cap stocks, which were already cheap and attractive, have now become downright ridiculously priced!
Many of them offer massive gains to those who will buy at current prices.
And I'm not even talking about the weak companies...
I'm talking about strong companies with ultra-strong balance sheets. Businesses strong enough to weather the oncoming coronavirus storm - whatever it throws at them.
Looks like the perfect time for the opportunistic investor to pick up some good bargains!
Richa believes the best approach right now is to consider investing in stocks that are fundamentally strong and promise steady income along with strong upside in the long term.
She has identified one such stock that has the potential to return crores in the long term. To know more, click here for all the details.
Also, Richa's latest webinar - Smallcap Rebound Opportunity in the Times of Coronavirus shares a list of open positions where the rebound potential is strong... And until the rebound, one can enjoy regular income from the dividend stocks with yields up to 9%.
The stock of Yes Bank corrected over 25%, a day after its largest promoter, Madhu Kapur, sold about 2.5 crore shares for Rs 1.6 billion at Rs 65 apiece.
From the auto sector, Ashok Leyland share price hit 52-week low of Rs 51.50 as company approved to acquire up to 19% additional equity shares in Hinduja Leyland Finance Limited from the existing shareholders in tranches.
More details to follow in the upcoming commentary. 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
Indian Share Market Update: Top Gainers and Losers
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