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

Asian share markets opened lower today, extending falls on Wall Street where higher US Treasury yields, inflation and rising recession fears persisted.

The Nikkei fell by 1.5% while the Hang Seng was down 0.3%. The Shanghai Composite is trading lower by 0.3%.

Wall Street indices ended sharply lower on Thursday on worries that the Federal Reserve’s aggressive fight against inflation could hobble the US economy, and as investors fretted about a rout in global currency and debt markets.

The Dow Jones fell by 1.5% while the tech heavy Nasdaq ended lower by 2.8%.

Back home, Indian share markets are trading on a positive note.

Benchmark indices opened on a negative note today following the trend on SGX Nifty. But as the session progressed, losses were erased.

The Reserve Bank of India’s today raised repo rate by 50 basis point to 5.9% which has somehow improved sentiment.

RBI Governor Shaktikanta Das said in his address that the move to increase the rates was in tandem with the global cues and done to contain the headline inflation in the country.

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At present, the BSE Sensex is trading higher by 241 points. Meanwhile, the NSE Nifty is trading up by 71 points.

Power Grid and UltraTech Cement are among the top gainers today.

Asian Paints and Tech Mahindra are among the top losers today.

Broader markets are trading on a negative note. The BSE Mid Cap index is down by 0.6% and the BSE Small Cap index is trading lower by 0.3%.

Sectoral indices are trading on a negative note with the exception of telecom and banking sectors. Stocks in the consumer durable sector and IT sector witness heavy selling.

Among the best IT stocks in India, Infosys, Tech Mahindra and TCS all are trading 1-2% lower.

Shares of Gujarat Fluorochemicals and Solar Industries hit their 52-week high today.

In the commodity markets, gold prices rise. Today, gold prices are trading higher by Rs 325 at Rs 50,075 per 10 grams.

Note that gold prices have fallen and have taken a big knock in recent months.

Meanwhile, silver prices are trading lower at Rs 56,189 per kg. Silver prices too have fallen a lot.

The rupee is trading at 81.6 against the US dollar. After touching record low yesterday, the rupee stabilized.

If you’re wondering how to profit from a falling rupee, check out our editorial on how a weaker rupee benefits you.

After getting a bird’s eye view of the market, do you want to get a full analysis on how the markets will perform today? You know how the market started but do you want to know how the markets will close today?

In the below video, Brijesh Bhatia does a complete analysis of today’s market.

Speaking of stock markets, at times where share market has been consistently inconsistent, it’s becoming increasingly difficult to predict the price pattern of any share.

Hence, it becomes important to have a system in place where in your investments and returns both, can also be regularised. This can be done by Systematic Investment Plans (SIP).

Rahul Shah – Editor and Co-head of Research at Equitymaster, explained how SIP would benefit an investor, if the investor invests in SIPs in the bull market.

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He showed through the following chart how returns would have progressed if an investor would have held on to investment in SIP for a period of 15-18 months.

For more details, read the entire editorial: How to Earn 15% Returns Even if the Market is at All-Time Highs.

In news from the auto sector, Hero MotoCorp to invest in Zero Motorcycles.

India’s largest bikemaker Hero MotoCorp said on Thursday it will collaborate and invest US$ 60 m in California-based Zero Motorcycles for developing electric motorcycles. The collaboration will focus on co-developing Electric motorcycles, the company said in a statement.

The move comes after Hero in January announced an investment of more than US$ 56 m in electric vehicle (EV) start-up Ather Energy – India’s top electric-scooter maker by revenue.

Earlier this month, it partnered with state-run Hindustan Petroleum Corp to set up EV charging infrastructure across the country.

Zero Motorcycles is the global leader in electric motorcycles and powertrains. Designed and crafted in California, Zero Motorcycles combines Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for riders around the world.

In keeping with its vision “Be the Future of Mobility”, Hero MotoCorp is addressing the electric mobility space through a range of organic and inorganic /collaboration initiatives and will launch its first electric product, under its emerging mobility brand Vida, Powered by Hero, on 7 October 2022.

Further in news from the renewable energy sector, Adani Green commissions largest wind-solar plant.

Adani Green on Thursday said it has commissioned the world’s largest wind-solar power plant of 600 MW capacity in Jaisalmer, Rajasthan.

The plant has a power purchase agreement with Solar Energy Corporation of India (SECI) at Rs 2.69/kwh for 25 years.

The project consists of 600 MW solar and 150 MW wind plants, adding it shall not only reduce intermittency of renewable energy power, but also help the country in optimal utilisation of transmission network.

In May 2022, AGEL operationalised India’s first hybrid power plant with a capacity of 390 MW in Jaisalmer.

With the commissioning of the 600 MW plant, AGEL now has total operational generation capacity of 6.7 GW, including operational hybrid power generation capacity of 1 GW, the largest in the world, it said.

This puts AGEL’s total renewable portfolio of 20.4 GW well on track to reach its vision of 45 GW capacity by 2030.

The 600 MW hybrid plant is housed in two AGEL subsidiaries namely Adani Hybrid Energy Jaisalmer Two and Adani Hybrid Energy Jaisalmer Three.

Did you know that even after coming under pressure in recent days, Adani Green is one of the fastest growing stocks of 2022?

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

What else is happening in the markets today? Dig in…

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( With inputs from equitymaster)