Sensex Today Falls 300 Points | Metal, PSU Bank Stocks Witness Selling | IndusInd Bank, Tata Steel & Tata Motors Top Losers

Wed, 4 Jan 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets are trading mixed today after a decline in US stocks and oil prices signalled uneasy outlook for the global economy.

The Nikkei is trading down 1.3% while the Hang Seng was up by 2.3%. The Shanghai Composite is trading higher by 0.3%.

Wall Street's main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple.

Investors were worried about Federal Reserve's interest-rate hiking path as they awaited minutes from the December 2022 meeting.

The Dow Jones ended flat while the tech heavy Nasdaq Composite ended lower by 0.7%.

Here's a table showing performance of US stocks yesterday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	89.7	0.97	1.09%	91.55	89.02	152.1	83.45
Apple	125.07	-4.86	-3.74%	130.9	124.17	182.94	124.17
Meta	124.74	4.4	3.66%	126.37	122.28	343.09	88.09
Tesla	108.1	-15.08	-12.24%	118.8	104.64	402.67	104.64
Netflix	294.95	0.07	0.02%	298.39	288.7	600.41	162.71
Amazon	85.82	1.82	2.17%	86.96	84.21	171.4	81.69
Microsoft	239.58	-0.24	-0.10%	245.75	237.4	335.2	213.43
Dow Jones	33,136.37	-10.88	-0.03%	33,387.52	32,850.57	36,952.65	28,660.94
Nasdaq	10,862.64	-77.12	-0.70%	11,093.10	10,770.93	16,764.86	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a negative note following the trend on SGX Nifty.

Benchmark indices extended losses today tracking weak global cues and selling seen in index heavyweight stocks.

At present, the BSE Sensex is trading lower by 332 points. Meanwhile, the NSE Nifty is trading lower by 98 points.

Sun Pharma, and UltraTech Cement are among the top gainers today. Tata Steel and Tata Motors are among the top losers today.

Broader markets are trading on a negative note. The BSE Mid Cap index is trading lower by 0.8% and the BSE Small Cap index is trading lower by 0.5%.

Sectoral indices are trading on a negative note with the exception of healthcare sector. Stocks in the metal sector, and realty sector witness selling.

Among the best pharma stocks, Divi's Lab and Sun Pharma gained 1%.

Metal stocks which were rising for the past couple of days, reversed course and fell today.

Shares of Axis Bank and GIC of India hit their 52 week high today.

The rupee is trading at 82.8 against the US dollar.

In the commodity markets, gold prices trade higher by Rs 195 at Rs 55,725 per 10 grams.

Meanwhile, silver prices are trading higher by 0.3% at Rs 70,105 per 1 kg.

Speaking of stock markets, for investing in stock markets in 2023, you need to focus on companies where there is comfort on growth aspect. It would help to focus on industries and themes that are witnessing tailwinds.

Considering that, editor of Hidden Treasure Richa Agarwal recorded a video on a specific theme.

According to her, this is the biggest investing theme of 2023. Watch the below video to know more.

Metal stocks on the rise, but for how long?

2022 was a tough year for Indian metal stocks.

Industrial metal prices were trading at multi-month lows. Sharp declines in the underlying commodity and metal stocks became a routine after April 2022.

Rising raw material prices, stringent margins, an economic slowdown in China, a levy of heavy export duty, etc.... all these headwinds came together and stopped the metal stocks rally.

But in the past two months the index saw some changes. With the beginning of 2023, the metal index has seen a decent rise.

Leading metal stocks like Tata Steel, Hindalco, Vedanta, Coal India, have also seen a sharp rise in their share prices.

So, what has changed for metal stocks right now? Find the answer in our editorial on why metal stocks are rising.

FMCG arm of Reliance Industries to acquires a new subsidiary

Reliance Retail Ventures' subsidiary - Reliance Consumer Products on Tuesday said that it will acquire 50% stake in Gujarat-headquartered Sosyo Hajoori Beverages.

The FMCG arm, Reliance Consumer Products, is the wholly owned subsidiary of Reliance Retail Ventures Limited has acquired stake in the Sosyo Hajoori Beverages which operated a beverage business under the brand 'Sosyo'.

The existing promoters, Hajoori family, will continue to own the remaining stake in Sosyo Hajoori Beverages (SHBPL).

SHBPL, operated by Abbas Hajoori and Aliasgar Hajoori, has several beverage brands in its portfolio including Sosyo, Kashmira, Lemee, Ginlim, Runner, Opener, Hajoori Soda and S'eau.

The joint venture with RCPL is expected to accelerate the growth of Sosyo's brands by leveraging Reliance's know-how, distribution and retail network.

Adani to pay more to shares it bought in offer to NDTV

Adani Group has decided to pay additional price for New Delhi Television (NDTV) shares that it bought under the open offer as transfer price for shares bought from another promoter was higher than that of open offer price.

Adani Enterprises on Tuesday said that it will pay an additional Rs 48.6 per share to NDTV investors who sold their shares to the conglomerate in its open offer for the news network.

Adani had unveiled plans late in August to acquire a majority stake in NDTV. NDTV initially said the move was "executed without any input from, conversation with, or consent of" its founders, but later, the conversion was agreed to.

To know the complete story on the Ambani-Adani-NDTV saga read our editorial on Vikram-Betal let me tell you a story.

NTPC commissions India's first green hydrogen blending project

State-owned NTPC on 3 January 2023, said it has commissioned India's first green hydrogen blending project. The green hydrogen blending has been started in the piped natural gas (PNG) network of NTPC Kawas township, Surat. The project is a joint effort of NTPC and Gujarat Gas (GGL).

The first molecule of green hydrogen from the project was set in motion by P. Ram Prasad, head of the project Kawas, in the presence of other senior executives of NTPC Kawas and GGL.

After the start of the blending operation, NTPC Kawas held awareness workshops for township residents with help of GGL officials, the company said in an exchange filing.

This set-up will supply H2-NG (natural gas) to households of Kawas township at Adityanagar, Surat. Green hydrogen in this project is made by electrolysis of water using power from the already installed 1 MW floating solar project.

So far, such a feat has been achieved only by a few countries such as UK, Germany, and Australia.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

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

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers