Sensex Trades on a Volatile Note; Dow Futures Up by 18 Points

Thu, 19 Nov 12:30 pm

   Previous Close   

   Pre-Open   

   09:30 am   

   Closing   

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

The BSE Sensex is trading down by 3 points, flat at 44,177 levels.

Meanwhile, the NSE Nifty is trading up by 4 points.

Bajaj Finserv and Titan are among the top gainers today. HDFC and HDFC Bank are among the top losers today.

The BSE Mid Cap index is trading up by 0.8%

The BSE Small Cap index is trading up by 1.1%

On the sectoral front, stocks from the real estate sector are witnessing most of the buying interest.

On the other hand, stocks from the banking sector are witnessing most of the selling pressure.

US stock futures are trading mixed today.

Nasdaq Futures are trading down by 15 points (down 0.1%), while Dow Futures are trading up by 18 points (up 0.1%)

The rupee is trading at 74.26 against the US$.

Gold prices are trading down by 0.6% at Rs 50,032 per 10 grams.

In global markets, gold prices slipped today pressurized by a stronger US dollar. Optimism about progress in Covid vaccine development also dented the precious metal's appeal.

Tracking global cues, gold prices slipped in Indian markets, extending their recent decline. On MCX, gold futures fell 0.3% to Rs 50,180 per 10 grams in its fourth straight day of losses.

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

Speaking of the stock markets, India's #1 trader, Vijay Bhambwani talks about whether you should rely on stock targets in trading, in his latest video for Fast Profits Daily.

In the video below, Vijay shares how reliable these targets are and how you can use them to trade.

Tune in here to find out more:

Moving on to stock specific news...

Among the buzzing stocks today is Mahindra & Mahindra.

Mahindra & Mahindra (M&M) is planning to list 10 of its units in the next 2-7 years as it looks to increase shareholders' return on equity.

M&M has identified the 10 companies, across sectors such as mobility, clean energy, rural, financial services, infrastructure and technology, to drive the future growth of the group.

The 10 units identified by M&M include cleantech firm Mahindra Susten, diesel generator maker Mahindra Powerol, electrical steel processor Mahindra Accelo, and supply-chain consultant Bristlecone.

Classic Legends, the maker of Jawa Motorcycles; Mahindra Electric Mobility, the maker of the electric vehicles; and used-car seller First Choice Wheels are also among the 10 companies that will sell shares to the public for the first time.

The company expects 2-3 businesses to IPO in the next 2-3 years, some to go public in 3-5 years and others in 5-7 years.

These 10 gems were identified as part of M&M's strategic plan to ensure 18% return on equity (RoE) across all business units in the mid-term. While their contribution to M&M's overall revenues is low, currently, their cumulative revenues are more than Rs 100 billion.

The companies are also doing well in their respective industries and have shown a strong ability to execute and deliver profits. Many of them are profitable and are generating cash and will not require more cash from the parent to grow.

At the time of writing, Mahindra & Mahindra share price was trading up by 0.9% on the BSE.

Speaking of the automobile sector, note that the sector has rebounded sharply from its March lows.

Have a look at the chart below:

Healthcare sector is at the top, followed by the automobile sector.

As per Apurva Sheth, Senior Research Analyst at Equitymaster, the auto index entered the greed phase in September 2019 and will stay there until December 2021. This means there is still a lot of fuel left for auto stocks.

How automobile stocks perform in the coming months remains to be seen. Meanwhile, stay tuned for more updates from this space.

Moving on to news from the software sector...

TCS Shareholders Approve Rs 160 Billion Share Buyback Plan

On November 18, India's largest IT services firm Tata Consultancy Services (TCS) said its shareholders approved a Rs 160 billion share buyback plan.

Last month, the company's board of directors had approved a proposal to buy back up to 53.3 million equity shares of the company for an aggregate amount of up to Rs 160 billion.

The voting, which started on October 20 and ended on November 18, saw 99.6% of the votes being cast in favour of the buyback offer.

There was 100% voting in favour of the proposal by the promoters, 98.1% by public institutional shareholders and 98.4% by other shareholders.

CEO and Managing Director of TCS, Rajesh Gopinathan had earlier said the company is focused on its policy to return capital to shareholders.

In 2017 and 2018, the company had conducted a similar share purchase exercise.

TCS' smaller rival Wipro has also announced an up to Rs 95 billion share buyback plan at Rs 400 per equity share.

We will keep you updated on all the news from this space. 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

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