Sensex Today Ends Flat | Bank & Auto Stocks Slip | DCB Bank Zooms 8%

Mon, 1 Jan Closing

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After opening the day lower, Indian share markets reversed the trend as the session progressed and ended the day higher.

Indian benchmark indices witnessed wild swings in trades on Monday, the first session of CY2024, during the fag-end of the session.

The indices languished in the red for the better part of the day, only to rise for an hour or so, before sinking again in the red.

The indices, however, made a sharp recovery again to end in the green. They all hit record highs during the intraday trade.

At the closing bell, the BSE Sensex stood up by 31 points.

Meanwhile, the NSE Nifty closed higher by 10 points.

Nestle, Coal India and Adani Ports were among the top gainers today.

Eicher Motors, M&M and Hindalco on the other hand, were among the top losers today.

The GIFT Nifty was trading at 21,845, down by 3 points, at the time of writing.

Broader markets ended on positive note. The BSE MidCap index ended 0.5% higher and BSE SmallCap index ended higher by 0.7%.

Sectoral indices ended mixed with stocks in the telecom sector, energy sector and FMCG sector witnessing most of the buying. Meanwhile stocks in banking sector and energy sector witness selling.

Shares of MRF, Trent and Bosch hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Asian share markets are closed today.

The rupee is trading at 83.2 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 63,320 per 10 grams.

Meanwhile, silver prices are trading 0.1% lower at Rs 74,344 per 1 kg.

Speaking of stock markets, with the rise of electric vehicles and renewable energy, the world may be on the verge of a revolution in transportation and energy technology.

This could transform the oil market the way the coal market was transformed a century ago.

Like coal then, oil could see its share in energy demand plummet in the coming decades.

In the below video, Research Analyst Tanushree Banerjee talks about green energy stock to profit from the end of the oil age.

BHEL Pips L&T for Talabira Project

In news from the engineering sector, shares of Bharat Heavy Electricals (BHEL) hit a multi-year high on reports that the state-owned company won a Rs 194.2 bn turnkey contract from another public sector company NLC India.

According to the Hindu Business Line report, BHEL has emerged as the best bidder for a Rs 194 bn turnkey contract for building a thermal power plant for NLC India at Talabira, Odisha, quoting a better price than L&T-MHI. The financial bids were opened on Friday.

BHEL will build three ultra-supercritical units of 800 MW each for NLC India at Talabira. Incidentally, NLC has added a fourth unit of 800 MW to the project. The EPC tender was for the first three projects; it is not clear whether or not there would be a separate tender for the fourth unit.

Meanwhile, in the past six months, the stock price of BHEL has more than doubled or zoomed 133 per cent on an improved business outlook.

BHEL received orders worth Rs 33,479 crore in the first half (April to September) of the financial year 2023-24, compared to Rs 12,310 crore orders bagged during the same period last fiscal. Fructification of diversification initiatives and revival of thermal power ordering led to robust order booking.

BHEL shares have surged over 90% in a year. For more, check out Why BHEL Share Price is Rising.

Adani's US$ 15 Billion Comeback Plan

Adani Group raised over US$ 5 billion (Rs 415 bn) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report.

Adani, who was the world's second-richest man at the start of the year, saw almost US$ 60 bn of his wealth erased after Hindenburg Research in a 24 January, report accused his group of market manipulation and accounting fraud.

The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some US$ 36 bn short of where he started the year and two notches and US$ 12 bn shy of rival billionaire Mukesh Ambani.

Star investor GQG Partners bought stakes worth almost US$ 4.3 bn in five group companies between March and August while Qatar Investment Authority (QIA) and French energy giant TotalEnergies poured in US$ 770 million in renewable energy firm Adani Green Energy.

India's two richest men, Mukesh Ambani and Gautam Adani are locked in a race for the top spot. For more, check out Adani vs Ambani - All Your Questions Answered.

For more details, check out Equitymaster's Indian stock screener, which shows all the Adani group companies' fundamental analysis on one screen.

Dig deeper into Adani group stocks.

Why Yes Bank Share Price is Rising

Moving on to news from the banking sector, Yes Bank shares witnessed buying interest in early morning deals on the first trade session of the new year 2024.

This Surge was seen after the private lender's declaration to receive Rs 1.5 bn from a single trust in the Security Receipts Portfolio after the NPA portfolio sale.

Following the announcement, the sharp rally in share price pushed Yes Bank's total market capitalisation close to Rs 660 bn.

For more details on what is fuelling, check out Why Yes Bank Share Price is Rising.

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!

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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

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