Indian Indices Continue Momentum, Falling Oil Prices, and Top Stocks in Action Today

Wed, 16 Oct Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   Closing   

On Tuesday, Indian share markets traded on a positive note throughout the day and ended higher.

The BSE Sensex closed higher by 292 points to end the day at 38,506. Vedanta and M&M were among the top gainers.

While the broader NSE Nifty ended up by 87 points to end at 11,428.

Among BSE sectoral indices, automobile stocks gained the most, followed by metal stocks and banking stocks.

Top Stocks in Action Today

Siemens share price will be in focus today as its subsidiary - Siemens Gamesa has secured contract from Lekela Power to develop 250 MW wind power project in Egypt. Under the contract, Siemens Gamesa will install 96 SG 2.6-114 turbines through a turnkey EPC contract and will provide long term maintenance through a 15-year service agreement.

Maruti Suzuki share price will also be in focus today as the company has invested over Rs 1.5 billion towards its CSR initiatives during FY 2018-19. The company's CSR efforts are focused on community development, road safety and skill development.

Market participants will also track Mindtree share price, Federal Bank share price, and Hathway Cable share price as these companies are set to announce their September quarter (Q2FY20) results later today.

You can also read our recently released Q2FY20 results: Infosys, TCS, IndusInd Bank, Bajaj Consumer Care, HUL.

Results Corner

GTPL Hathway has reported over 2-fold jump in its net profit at Rs 252.3 million for Q2FY20 as compared to Rs 96.5 million for the same quarter in the previous year.

Wipro has reported 39.8% rise in its consolidated net profit at Rs 22.5 billion for the quarter under review as compared to Rs 16.1 billion for the same quarter in the previous year.

Total income of the company increased by 5.6% at Rs 131.6 billion for Q2FY20 as compared Rs 124.5 billion for the corresponding quarter previous year.

Karnataka Bank has reported 5.3% fall in its net profit at Rs 1,059.1 million for the quarter under review as compared to Rs 1,118.6 million for the same quarter in the previous year.

From the IPO Space...

Kerala-based CSB Bank, formerly known as Catholic Syrian Bank, has received market regulator's approval to float an initial public offering.

The private sector lender, which had filed draft papers in August, received its observations on October 1.

Through the offer, CSB Bank is looking to raise fresh capital by issuing shares worth Rs 300 million apart from an offer for sale of 19.8 million shares by existing shareholders.

As per the draft red herring prospectus (DRHP), proceeds from the fresh issue would be utilised towards augmenting the bank's tier-1 capital base to meet future capital requirements and to ensure compliance with Basel III and other RBI guidelines.

The bank is one of India's oldest with a history of over 98 years and has a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka, and Maharashtra, according to the prospectus.

Canadian billionaire Prem Watsa has a controlling stake in the bank. Last year, Watsa's Fairfax India Holdings acquired 51% stake in the bank for around Rs 4.4 billion.

From the Commodity Space...

Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a US-China trade deal despite signs of a truce last week.

The National Bureau of Statistics (NBS) reported on Tuesday that China's factory gate prices declined at the fastest pace in more than three years in September.

On Monday, it was reported that Chinese imports had contracted for a fifth straight month.

US President Donald Trump on Friday outlined the first phase of a deal to end the trade war with China and suspended a threatened tariff hike, however an agreement has remained elusive and questions loom over future oil demand.

Global Stocks Edge Higher amid Brexit Hopes

Global stocks edged higher on Tuesday, yet safe havens were still in play as markets tried to balance fading optimism over the latest US-China trade truce with the likelihood of a Brexit deal by Thursday's European Union summit.

European share markets climbed briefly to a two-week high after comments from the European Union's chief Brexit negotiator that a deal with Britain over the terms of their divorce was still possible this week.

Asian share markets ended on a mixed note while Japan's Nikkei ended higher by 1.9%.

On the currencies front, optimism over a Brexit deal lifted Sterling by as much as 0.7% to the US$. The Yen was steady at 108.33 versus the dollar.

As per the economic schedule released by Vijay Bhambwani, here are the important events due later today:

• USA - September Core Retail and Retail Sales
• Canada - Core CPI September (M-o-M)
• Germany - 30 Year Bond Auction

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