Gift Nifty Up 48 Points | Adani Total Gas Partners Shigan Quantum | Dr Reddy's Acquires MenoLabs' Business | Top Buzzing Stocks Today

Thu, 4 Jan Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Wednesday, Indian share markets continued the downtrend as the session progressed and ended the day lower.

Indian benchmark indices fell for the second straight session dragged by IT and financial stocks tracking a downfall in the global markets.

At the closing bell on Wednesday, the BSE Sensex closed down by 535 points (down 0.8%).

Meanwhile, the NSE Nifty closed lower by 148 points (down 0.7%).

ITC, Bajaj Auto and Adani Ports were among the top gainers.

Hindalco, Tata Steel and Infosys on the other hand, were among the top losers.

Broader markets ended on positive note. The BSE MidCap index ended 0.3% higher and BSE SmallCap index ended 0.2% higher.

Sectoral indices ended mixed with stocks in the power sector and realty sector witnessing most of the buying. Meanwhile stocks in metal sector and media sector witness selling.

The rupee was trading at 83.3 against the US$.

Gold prices for the latest contract on MCX were trading 0.3% lower at Rs 63,094 per 10 grams at the time of Indian market closing hours on Wednesday.

At ,8:15 AM today, the Gift Nifty was trading 48 points higher

Indian share markets are headed for a positive opening today following the trend on Gift Nifty.

Speaking of stock markets, arriving at a reasonable estimate of a stock's intrinsic value is easy. However, there are errors that can creep in and even the most astute analysts can fall prey to them.

So, what exactly are these errors and how are they associated with a stock like Titagarh Rail Systems.

Tune into below video for more

Top buzzing stocks today

GAIL share price will be in focus today.

GAIL India and TruAlt Bioenergy have entered into a US$ 72-million compressed biogas (CBG) joint venture to set up 10 plants with targeted production of over 33 million kg of CBG using organic waste as raw material.

GAIL will hold a 49% stake and TruAlt Bioenergy 51% in the joint venture, named Leafinti Bioenergy.

Railtel Corporation will also be a top buzzing stock.

Railtel Corporation of India gained more than 5% to hit a fresh 52-week high of Rs 374 per piece on BSE on Wednesday after the company announced bagging a work order worth Rs 350 m from Rail Vikas Nigam.

The state-owned company has received a work order worth Rs 350.8 m from RVNL. The order is related to Data Centre Hosting and Application Support services.

Adani Total Gas Partners Shigan Quantum

Adani Total Gas inked a memorandum of understanding (MoU) with Shigan Quantum Technologies Limited, an alternative fuel-system provider for automotive, locomotive and stationary engine applications, in a bid to decarbonise supply chains.

The primary focus of both partners will be on adopting natural gas for transportation and mining applications through sustainable solutions for fleet operators, including those deployed by Adani Group companies in sectors like cement, ports and logistics.

The fuel-system provider also has Tata and Mahindra group entities as its customers.

Under its agreement with Adani Total Gas, traditional ICE (internal combustion engine) vehicles will be retrofitted to run on CNG or LNG fuels.

The partnership will also focus on developing e-mobility-based solutions for last-mile delivery players and use cases for green hydrogen as fuel for ICE vehicles.

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.

Dr Reddy's Acquires MenoLabs' Business

Dr Reddy's Laboratories Ltd. on Wednesday announced that it has acquired the MenoLabs business, a women's health and dietary supplement branded portfolio from Amyris, Inc. in Amyris' Chapter 11 sales process.

Dr Reddy's acquired the entire MenoLabs supplements portfolio, which includes seven branded products designed to provide health support and address symptoms of perimenopause and menopause.

According to the company's statement, brands include MenoFit and MenoGlow probiotics, Happy Fiber and Well Rested dietary supplements, Athena's Shield menopause support supplement, and Goodness Glow and Keep Glowing Gorgeous supplements for healthy ageing support.

MenoLabs portfolio of products is sold in the United States, primarily through the brand's own and other e-commerce marketplaces, including Amazon and Walmart.

Dr Reddy is a top pharma company in India that has solid growth in sales and profits and a high Return on Equity (ROE).

Petronet to Renew Qatar LNG Contract

Petronet LNG, India's largest liquefied natural gas buyer, will likely renew a big supply contract with Qatar by the end of January.

Petronet's 25-year contract with Qatar for 7.5 million tons of LNG a year is supposed to be renewed five years before expiration in 2028.

The deal got delayed beyond an end-of-December target due to its complex nature.

A new deal could last for decades, which is often a requirement when buying from Qatar.

Qatar is building an enormous expansion to its LNG export facility, which will start later this decade, and extending its commitment to India will help to lock in a key buyer. QatarEnergy didn't immediately respond to an emailed request for comment.

Petronet LNG is dedicated to the development of facilities for the import, storage, and regasification of Liquefied Natural Gas (LNG).

It imports roughly 45% of India's LNG, regasifies it at its 11 terminals across the country, and then channels it through a vast network of pipelines to fuel power plants, industries, and households.

It is among the Top 4 Indian Government Midcap Stocks Set for Explosive Growth in 2024.

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