Indian Indices Trade Higher; Reliance Industries & Maruti Suzuki Top Gainers

Wed, 25 Mar 12:30 pm

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Share markets in India are presently trading on a positive note. Benchmark indices recovered early losses to jump more than 1% in a volatile session.

The BSE Sensex is trading up by 346 points while the NSE Nifty is trading up by 98 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.3%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while capital goods stocks are witnessing selling pressure.

The rupee is currently trading at 76.36 against the US$.

Gold prices are currently trading up by 1.3% at Rs 41,907.

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

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...

In news from the automobile sector, shares of Mahindra & Mahindra (M&M) hit an over nine-year low of Rs 248, sliding 8%, amid concerns that volumes could take a hit due to the spread of the coronavirus.

On Tuesday, Prime Minister Narendra Modi imposed a nationwide 21-day lockdown in an attempt to stall the spread of the virus.

The stock of the automobile company is trading lower for the sixth straight day.

The company on March 22, decided to suspend the manufacturing operations at Nagpur, Chakan (Pune), and Kandivali (Mumbai) plants with immediate effect in light of heightened concern on the spread of Covid-19 in the state of Maharashtra.

M&M share price is presently trading down by 2%.

Moving on to news from the travel and tourism sector, Indian Railways Catering and Tourism Corporation (IRCTC) has asked people not to cancel the tickets they have booked online for those trains that have been cancelled and assured them that they will get full refund automatically.

In a statement, IRCTC said that doubts have been raised regarding cancellation of e-tickets subsequent to the halting of railway passenger trains.

It added that, "no cancellation required on the part of user. If user cancels his ticket, there are chances he may get less refund. Hence, passengers are advised not to cancel e-tickets on their own for those trains which have been cancelled by railways."

Earlier, Indian railways had cancelled all trains till March 31 in an effort to stop the spread of COVID-19.

However, after Prime Minister Narendra Modi's announcement of a 21-day lockdown across the country, the Indian Railways said that its suspension of all passenger services will continue till April 14.

Note that the stock of IRCTC hit a lower circuit of 5% for eighth consecutive session today as coronavirus outbreak has made travellers reconsider going on vacation in this middle of a global pandemic, putting pressure on travel and tourism industry.

The stock has tumbled more than 30% in eight trading sessions from its previous closing high of Rs 1228.

Speaking of the Indian railways, here's what Tanushree Banerjee wrote about it in one of the editions of The 5 Minute WrapUp...

• Investment in Indian railways has always been lacking in the past. This has meant a stretched infrastructure with more than 60% of routes being over utilised.
  
  The poor image of Indian railways meant a price hike was never an option for the government.
  
  All this has changed in the recent years.
  
  Since 2014, investment in the Indian railways has increased at a rapid pace.

This is evident in the chart below...

Massive Reforms Underway in the Indian Railways

The government's aim to modernize more than 100 stations to world class standards and by provide amenities like wi-fi, quality food and beverage services will improve passenger experience.

Improved services will also help the government justify fare increases in the future.

Tanushree believes such reforms are the need of the hour for the Indian economy.

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

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Indian Share Market Update: Top Gainers and Losers