Sensex Today Falls 150 Points | IT Stocks Fall | Bajaj Finserv, TCS & IndusInd Bank Top Losers

Fri, 6 Jan 10:30 am

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Asian share markets gained today as investors braced for crucial US jobs data later in the day that should provide clues on how aggressive the Federal Reserve will be in tightening policy

The Nikkei is trading up by 0.6% while the Hang Seng was up by 0.5%. The Shanghai Composite is trading higher by 0.4%.

Wall Street's main indices lost more than 1% on Thursday, with Nasdaq leading the declines, as evidence of a tight labour market eroded hopes that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation.

The Dow Jones ended lower by 1% while the tech heavy Nasdaq Composite ended lower by 1.5%

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	86.77	-1.94	-2.19%	88.21	86.56	152.1	83.45
Apple	125.02	-1.34	-1.06%	127.77	124.76	179.61	124.17
Meta	126.94	-0.43	-0.34%	128.52	124.54	339.17	88.09
Tesla	110.34	-3.3	-2.90%	111.75	107.16	390.11	104.64
Netflix	309.7	0.29	0.09%	314.18	304.55	563.36	162.71
Amazon	83.12	-2.02	-2.37%	85.42	83.07	170.83	81.69
Microsoft	222.31	-6.79	-2.96%	227.55	221.76	323.41	213.43
Dow Jones	32,930.08	-339.69	-1.02%	33,191.72	32,812.33	36,952.65	28,660.94
Nasdaq	10,741.22	-173.58	-1.59%	10,842.33	10,728.26	16,764.86	10,440.64

Source: Equitymaster

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

Benchmark indices opened in the green but erased gains as the session progressed.

At present, the BSE Sensex is trading lower by 150 points. Meanwhile, the NSE Nifty is trading lower by 41 points.

Reliance Industries, HUL, and M&M are among the top gainers today.

Bajaj Finserv, TCS and ICICI Bank are among the top losers today.

Broader markets are trading on a negative note. The BSE Mid Cap index is trading lower by 0.3% and the BSE Small Cap index is trading lower by 0.2%.

Sectoral indices are trading on a mixed note. Stocks in the FMCG sector, and oil and gas sector witness buying.

Meanwhile stocks in the banking sector, IT sector, and finance sector witness selling.

Shares of Abbott India and RHI Magnesita hit their 52 week high today.

The rupee is trading at Rs 82.5 against the US dollar.

In the commodity markets, gold prices trade higher by Rs 102 at Rs 55,392 per 10 grams.

Meanwhile, silver prices are trading higher by 0.4% at Rs 68,379 per 1 kg.

Speaking of stock markets, the Tata group is gearing up to bring another TCS to the market - Tata Electronics.

The recent development that has put Tata Electronics in the spotlight is Tata Sons Chairman Natarajan Chandrasekaran confirming the company's plans to venture into the semiconductor business, which is pegged to reach US$ 1 trillion revenue by 2030 globally.

Tata Electronics could get listed anytime in 2023.

In the below video, co-head of research Tanushree Banerjee talks about how this Tata group stock can ride tailwinds that TCS rode for decades.

Earning consistent returns in volatile markets

2022 was a wild, turbulent, and volatile year for the stock market. During these tough times, a smart man is the one who managed to earn consistent returns and not just some windfall gains.

Unless a brutal bear market scares you out of your systematic monthly investments, they are one of the most effective ways to benefit from the long term stock market growth story.

Let us consider a systematic investment plan of Rs 1,000 every month into the Sensex between 2011 and March 2020 i.e. you start on 31 December 2010 and end on 31 March 2020.

December 2010 was a bull market top as the Sensex never closed the year higher two years prior to it and till three years later.

Likewise, March 2020 can be considered as a bear market bottom because that was the time the market crashed on account of the pandemic.

Thus, when it comes to timing, you were investing at a bull market top and exiting at a bear market bottom, the worst case scenario possible.

So, what was the performance like?

Well, not so great to be honest. You would have earned an annual return of 6.6% on your investments. Throw in a couple of percentage points of dividends and the returns climb to around 8%.

However, this is India, and 8% annual returns doesn't quite cut it.

There is a silver lining though.

Had you persisted for another 15-18 months, your returns would have climbed to an impressive 14.4%. Throw in dividends and you get a pretty respectable 16%-17%.

Here's how your journey would have progressed.

An investment of Rs 1.3 lakh spread over 129 months would have swelled to close to Rs 3 lakhs. To know more about the magic of SIPs read our editorial on: how to earn 15% returns even if the market is at all-time highs.

Godrej Agrovet to set up new edible oil commission plant

Food and agri conglomerate Godrej Agrovet will be setting up an edible oil processing plant in Khammam district, with an investment of Rs 250 crore (about Rs 2.5 billion).

The facility to process palm oil will have a capacity of 30 tonnes per hour expandable to 60 total petroleum hydrocarbons (TPH). This would be the single largest private investment in Khammam district.

Godrej Agrovet plans to operate the facility full scale by 2025-26. The factory will have a co-generation plant and self-sufficient in power requirement.

The investment announcement assumes significance in the backdrop of Telangana emphasis on promoting palm oil plantations to reduce dependence on imported oil. The State was planning palm oil plantation on 20 lakh acres and increase in oil seeds production.

Did you know that Godrej Agrovet, it is one of the 5 midcap stocks with bluechip heritage?

Ram Vikas Nigam bags a new order

State-owned Rail Vikas Nigam (RVNL) on Thursday said that it has bagged a project worth Rs 1.6 bn from Gujarat Metro Rail Corporation (GMRC).

The project is expected to be completed within 22 months.

RVNL and ISC Projects Private JV' has received letter of acceptance (LOA) for design, supply, installation, testing and commissioning of ballastless track from Sarthana to Dream city.

RVNL was incorporated as a public sector undertaking for the development, financing and implementation of projects related to rail infrastructure.

"Public" stake in IDBI Bank

The market regulator has given its consent to reclassify the government's stake in the bank as "public" after the strategic disinvestment.

The consent has been given on the condition that the government's voting rights in the lender should not exceed 15% of the total voting rights of the bank.

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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