Sensex Ends Marginally Higher; Realty And Energy Stocks Witness Buying

Indian share markets continued to trade near the dotted line during closing hours and ended the day marginally higher. Gains were largely seen in the realty sector and energy sector.

At the closing bell, the BSE Sensex stood higher by 86 points (up 0.2%) and the NSE Nifty closed higher by 18 points (up 0.2%). The BSE Mid Cap index closed down by o.2%, while the BSE Small Cap index ended the day down by 0.6%.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood up by 0.4% and the Nikkei was trading down by 0.1%. The Shanghai Composite stood higher by 0.4%.

European markets were also trading on a mixed note. The FTSE 100 was down by 0.1%. The DAX was up by 0.6% while the CAC 40 was up by 0.7%.

The rupee was trading at 71.22 to the US$ at the time of writing.

Speaking of Indian share markets, there has been a steady rise in direct participation by Indians in stock markets as can be seen in the chart below.

Direct Participation in Stock Markets is Growing Steadily


This increased participation has resulted in not just money flowing into mutual funds, but also in the opening of demat accounts.

In fact, the attractiveness of Indian equities and the fact that investing in demat accounts is now very easy has led to a steady rise in accounts.

What more, this trend is all set to continue, as the Indian stock markets scale new highs in the coming years.

In the news from the cement sectorUltraTech Cement share price was in focus today as the company reported a 13.6% year-on-year (YoY) drop in consolidated profit at Rs 3.9 billion for December quarter.

Net sales during the quarter rose 19% YoY to Rs 92.6 billion from Rs 77.8 billion last year.

Domestic sales volume for the company grew 15% YoY.

The company in a regulatory filing said that its numbers during the quarter were hurt on the back of 11% rise in costs which came in largely due to higher fuel expenses and a depreciation in the rupee.

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Disclosure: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. ...

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