Sensex Extends Gains, Dow Futures Up by 152 Points

Thu, 7 Oct 12:30 pm

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Share markets in India are presently trading on a strong note.

The BSE Sensex is trading up by 692 points, up 1.2%, at 59,882 levels.

Meanwhile, the NSE Nifty is trading up by 194 points.

Titan and Tata Motors are among the top gainers today. ONGC and Cipla are among the top losers today.

The BSE Mid Cap index is trading up by 1.8%.

The BSE Small Cap index is trading up by 1.5%.

On the sectoral front, all sectors are trading in green with stocks from the real estate sector witnessing most of the buying interest.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 126 points (up 0.9%) while Dow Futures are trading up by 152 points (up 0.4%).

The rupee is trading at 74.81 against the US$.

Gold prices are trading up by 0.1% at Rs 46,950 per 10 grams.

Gold prices fell in Indian markets today for the second time in three days as a stronger dollar put pressure on global prices. On MCX, gold futures fell 0.1% to Rs 46,845 per 10 grams.

In global markets, gold prices edged lower as investors were cautious ahead of the release of US payrolls data. Spot gold fell 0.2% to US$ 1,758.9 per ounce.

To know more about gold, check out our article on how to invest in gold here: How to Invest in Gold?

Moving on to stock-specific news...

Among the buzzing stocks today is Tata Motors.

Shares of Tata Motors soared as much as 10% in early trade today on the exchanges on the back of new launches, a potential increase in demand during the festive season and an improvement in the broader outlook.

Its peer Tata Motors DVR also zoomed over 9%.

Tata Motors is seen more as a global luxury play, but the incremental upside could come from its India business.

Market-share wins in India's passenger vehicle (PV) and commercial vehicle (CV) businesses could help boost its numbers. The stock also stands to gain from progress in the EV segment.

In a press release, Tata Motors said,

• The first 10,000 EVs have been led by the early adopters and with this encouragement Tata Motors has built a viable roadmap for the future and is committed to staying on course with making EVs mainstream.

Shares of Tata Motors have doubled in 2021 so far. The scrip has delivered about 160% returns in the last one year, outperforming the benchmark indices.

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, Tata Motors shares were trading up by 9.3% on the BSE.

Speaking of the stock market, India's #1 trader Vijay Bhambwani explains what the energy crisis is about, in his latest video for Fast Profits Daily.

Moving on to news from the telecom sector...

Indian Government Notifies 100% FDI in Telecom Sector

The Government of India has notified its decision to permit 100% foreign direct investment (FDI) under the automatic route in the telecom services sector.

Till now, only 49% of FDI was allowed through the automatic route and anything beyond it had to mandatorily go through the government route.

This comes over a year after Union government notified changes in the FDI rules in April 2020.

At the time, it said prior approval of the government was required for foreign investments from countries that share a border with India, including Pakistan, China, Bangladesh and Nepal among others.

The Centre has already allowed FDI through automatic routes in many sectors. However, in sectors such as defence, media, pharmaceuticals and insurance, government approval is needed for foreign investors.

All telecom services including infrastructure providers will be covered under the new regime of FDI investments.

The government has infused life into the debt-ridden telecom industry, with a series of reliefs including on computing dues relating to AGR, a four-year moratorium on dues, and the option for the government to convert dues into equity after the moratorium period expires.

How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

Speaking of stocks, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these for stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets

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

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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