Indian Stock Market News, Equity Market and Sensex Today in India

On Thursday, Indian share market slipped into red in the afternoon session and ended on a weak note.

Markets were on edge, as investors assessed the possibility of the US Federal Reserve going for a 100-basis-point interest rate hike next week to tackle elevated inflation.

Auto index was the only index which remained stable throughout the session with Maruti Suzuki leading the rally with a gain of 2.5%.

The fall was heightened by IT and metal stocks, as worries of global economic growth kept investors on tenterhooks.

At the closing bell on Thursday, the BSE Sensex stood lower by 412 points (down 0.7%).

Meanwhile, the NSE Nifty closed down by 127 points (down 0.7%).

Maruti Suzuki, Eicher Motors, and Adani Ports and SEZ were among the top gainers.

Hindalco, Infosys, and Tech Mahindra on the other hand, were among the top losers.

The broader markets ended on a positive note, BSE Mid Cap index was up by 0.3% and the BSE Small Cap index traded higher by 0.1%.

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Sectoral indices ended on a mixed note with stocks in the power sector, and auto sector witnessing buying interest.

While stocks in the realty sector, metal sector, and IT sector witnessed selling pressure.

Shares of Maruti Suzuki, Navin Fluorine, and Ceat hit their 52-week high.

Since you’re interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

At 7:30 AM today, the SGX Nifty was trading down by 102 points or 0.6% lower at 17,770 levels.

Indian share markets are headed for a negative opening today following the trend on SGX Nifty.

Gold prices were down by 0.3% at Rs 50,018 per 10 grams, at the time of Indian market closing hours yesterday.

Meanwhile, silver prices for the latest contract on MCX were trading lower by 0.1% at Rs 56,986 per kg.

Note that gold prices have fallen and have taken quite a knock in recent weeks. Silver prices too have fallen a lot in recent days.

The question on everyone’s mind now is when will gold and silver prices recover?

Speaking of stock markets, chartist Brijesh Bhatia does a complete analysis of today’s market and what to expect today, in the video below.

Top Buzzing Stocks Today

Eicher Motors will be among the top buzzing stocks today.

Royal Enfield parent company Eicher Motors marked 1 tn  market capitalisation (market cap) for the first time on Thursday after its shares touched a record high of Rs 3,659.5.

With this, Eicher Motors has become the fifth auto firm in the country to cross the market cap of Rs 1 tn.

Larsen and Toubro share price will also be in focus today.

Larsen and Toubro has secured a significant order for its water and effluent treatment business.

The water & effluent treatment business of L&T construction has secured a repeat order from the Department of Water Resources, Government of Odisha, to execute a pressurized underground pipeline irrigation network system for the Right Command of Lower Suktel Irrigation project.

The continue increase in order book has made L&T an investor’s favorite stock for a long time, making it in the list of top 5 infrastructure stocks.

Oil on the Boil

Crude oil prices fell yesterday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase balanced supply concerns.

Oil came under pressure from a strong dollar, which makes dollar-denominated commodities more expensive for other currency holders, ahead of a Federal Reserve meeting next week that could hike interest rates by a jumbo 100 basis points.

The weak growth in oil demand would further grind to a halt in the fourth quarter.

Crude has dropped substantially after a surge close to its all-time highs in March after Russia’s invasion of Ukraine added to supply concerns, pressured by the prospects of recession and weaker demand.

New clashes between Armenia and Azerbaijan, an oil producer, linked to a decades-old dispute between the ex-Soviet states has further raised another risk to supplies.

Indian Auto Industry to be Self-Reliant

The Indian automobile industry aims to be among top two global producer in all auto segments of vehicle over the next 25 years, according to the Society of Indian Automobile Manufacturer (SIAM).

India is currently looking forward be nearly 100 per cent self-reliant in the entire manufacturing value chain of automobiles during the period as per the Vision 2047.

Besides, the industry also aims to have a dominant share of clean energy vehicles on a life-cycle basis in the next 25 years.

Multiple challenges have impacted the industry ‘s growth on both demand and supply side with the pandemic.

The industry is going through a unique phase with some segments witnessing recovery after the pandemic, while others still struggling to cope up.

Sweet News for Sugar Stocks

India is poised to allow 5 m tons of sugar exports in the first tranche for the new marketing year beginning October.

Sugar output for 2022-23 would hover around 36 m tons, like current year.

In the current marketing year, India has capped sugar exports at 11.2 m tonnes, to hold down domestic prices after mills sold record volumes on the global market.

The mills’ carryover stockpiles from the previous season are anticipated to reach 6 million tonnes on October 1, 2022, down from 8 m tonnes a year earlier, when the next season starts.

Around 27.5 m tonnes of sugar are used domestically in India, and during the 2022-2023 growing season, mills plan to divert 4.5 m tonnes of that amount to ethanol production. A minimum of 6 m tonnes of sugar will also be held aside by mills as yearly carryover reserves.

This sent sugar stocks up to 5% higher on Thursday.

Shares of Ugar Sugar Works, Dhampur Sugar Mills, and KCP sugar & industries rose up to 5%.

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,

Read the latest Market Commentary

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( With inputs from equitymaster)