MEMBER'S LOGINX
| Invalid Username / Password | ||||||||
| Invalid Captcha | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
- Home
- Todays Market
- Indian Stock Market News November 26, 2020
Sensex Trades 178 Points Lower; Dow Futures Up by 57 Points Thu, 26 Nov 12:30 pm
Share markets in India are presently trading marginally lower.
The BSE Sensex is trading down by 178 points, down 0.4% at 43,650 levels.
Meanwhile, the NSE Nifty is trading down by 50 points.
Grasim and Mahindra & Mahindra are among the top gainers today. Eicher Motors and Maruti Suzuki are among the top losers today.
The BSE Mid Cap index is trading down by 0.1%.
The BSE Small Cap index is trading flat.
On the sectoral front, stocks from the banking sector are witnessing most of the selling pressure.
On the other hand, stocks from the telecom sector are witnessing most of the buying interest.
US stock futures are trading higher today, indicating a positive opening for Wall Street indices.
Nasdaq Futures are trading up by 40 points (up 0.3%) while Dow Futures are trading up by 57 points (up 0.2%).
The rupee is trading at 73.84 against the US$.
Gold prices are trading up by 0.2% at Rs 48,602 per 10 grams.
In global markets, gold prices were slightly higher today amid a pause in rally in traditional risk assets. The yellow metal was also supported by disappointing US jobs data and a resurgence of Covid-19 cases worldwide.
Tracking global cues, gold prices edged higher in Indian markets, though the gains were moderate. On MCX, gold futures rose 0.2% to Rs 48,594 per 10 grams.
Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?
The chart below shows the annual returns on gold over the last 15 years...
As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.
The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among the best performing commodities this year to combat the fallout from the coronavirus pandemic.
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 Siemens.
On November 25, Technology major Siemens reported a 4.7% year-on-year (YoY) fall in net profit at Rs 3.3 billion for September quarter. The company's profit was impacted mainly due to expenses amounting to Rs 2.8 billion incurred during the lockdown period.The company follows October-September financial year.
The company also saw its revenue from operations decline 9.2% to Rs 34.2 billion over the corresponding quarter of the previous year.During the quarter, new orders from continuing operations grew 8.7% at Rs 32.2 billion as compared to the year-ago period. The company has a strong order backlog of over one year's revenue, partially on account of the period of lockdown in the country, which resulted in reduced revenues.However, despite the volatility in the business environment with core industrial sectors being negatively impacted, there are now initial signs of an uptick across some market segments post lockdown. Its focus continues to be on profitable growth in the Energy, Industry, Infrastructure and Mobility businesses.
The company believes that increased government spending on infrastructure will also have a cascading impact on demand.
The company announced a dividend payment of Rs 7 per equity share.
At the time of writing, Siemens share price was trading up by 9.6% on the BSE
Speaking of the stock markets, India's #1 trader, Vijay Bhambwani talks about how he knew when to turn bullish on the market, in his latest video for Fast Profits Daily.
In the video below, Vijay shares his unconventional 360 degree approach that told him the markets were looking positive in May when everyone said they were going to crash like they did in March.
Tune in here to find out more:
Moving on to news from the pharma sector...
Laurus Labs to Acquire 72.5% Stake in Richcore Life Sciences
Laurus Labs has signed a definitive agreement to acquire a 72.5% stake in Bengaluru-based Richcore Lifesciences for Rs 2.5 billion.
This acquisition marks Laurus Labs' entry into the broader biologics and biotechnology segments, providing the company access to its high growth areas, globally and in India.
With this acquisition, Laurus adds a fourth revenue stream to its three existing divisions - API, formulations and synthesis.
Richcore, a fast-growing biotechnology company based in Bengaluru with its advanced research and development and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs.
It also helps its global customers develop and scale-up their bioprocesses by providing contract research, development, and manufacturing services.
The company is currently in its growth phase and has raised funding from Eight Roads Ventures, VenturEast Proactive Fund and VenturEast Life Fund III.
Following the successful closure of the transaction, Richcore will be renamed Laurus Bio.
The current promoters of Richcore led by Subramani Ramachandrappa will continue as promoters and will be responsible for its management and operations.
Laurus Labs will fund the acquisition from its internal accruals and this acquisition will be revenue and Profit After Tax (PAT) accretive.
The deal will be closed on or before March 31, 2021.
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
Indian Share Market Update: Top Gainers and Losers
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Multibagger Penny Stocks
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Best Small-cap Stocks to Buy
- Best Bluechip Stocks to Buy
- Guide to Penny Stocks
- How to Invest in the Share Market
- Warren Buffett - The Value Investor
- Pick the Best Multibagger Stocks
TRENDING TOPICS
Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407
Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com
LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
Equitymaster requests your view! Post a comment on "Sensex Trades 178 Points Lower; Dow Futures Up by 57 Points". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!