SGX Nifty Trades Flat | Cyient DLM IPO | Why Adani Group Shares are Falling | Top Buzzing Stocks Today

Wed, 11 Jan Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Tuesday, Indian share market extended losses as the session progressed and ended deep in the red.

Indian shares reversed all the gains made on Monday and shed 1% after hawkish comments from Federal Reserve officials and a warning from IT giant TCS dampened sentiment.

At the closing bell on Tuesday, the BSE Sensex stood lower by 632 points (down 1%).

Meanwhile, the NSE Nifty lower by 187 points (down 1%).

Tata Motors, Hindalco, and Apollo Hospitals were among the top gainers.

Adani Enterprises, Bharti Airtel, and Eicher Motors, on the other hand, were among the top losers.

Broader markets settled on a negative note. The BSE Midcap index and the BSE SmallCap index dived 0.5% lower.

Sectoral indices ended on a mixed note with stocks in the finance sector, IT sector, and telecom sector witnessing most of the selling.

While stocks in metal sector, and oil & gas sector witnessed buying.

Shares of Mahindra CIE Auto and Schneider Electric Infra hit their 52-week high on Tuesday.

The rupee was trading at 81.7 against the US$.

Gold prices for the latest contract on MCX were trading lower by 0.2% at Rs 55,759 per 10 grams at the time of Indian market closing hours on Tuesday.

At 7:20 AM today, the SGX Nifty was trading down by 6 points or 0.1% lower at 17,900 levels.

Indian share markets are headed for a flat opening today following the trend on SGX Nifty.

Speaking of stock markets, Tanushree Banerjee talks about stocks that could double the Sensex returns from 2023.

She also highlights how the RBI capex data and company annual reports point to this fact.

Tune in to the below video to know more:

Top Buzzing Stocks Today

Coal India will be among the top buzzing stocks today.

Coal India has issued letters of acceptance for nine greenfield projects to engage mining developers-cum-operators, which have a cumulative production capacity of 127 MT per year.

A total of 15 projects with 169 MT capacity are on offer that aims to develop through MDOs, with an investment of around Rs. 206 bn.

Zydus Lifesciences will also be in focus today.

Zydus Lifesciences on Tuesday received final approval from the US health regulator to market its generic version of Febuxostat tablets used to treat high uric acid in the blood.

The approval granted by the US Food and Drug Administration (USFDA) to market Febuxostat tablets is for strengths of 40 mg and 80 mg.

Why Adani group stocks are falling

Shares of Gautam Adani Group companies were under pressure on Tuesday, falling up to 8%, wiping off Rs 665 m from the market cap of the group.

All 10 companies of Gautam Adani's conglomerate were trading in red during the second half of the trading session.

Adani Enterprises, the flagship firm of the Adani Group, tanked by 8%. Adani total gas, Adani Ports and SEZ, and Adani Wilmar fell 4%. While other Adani companies, Adani Green Energy, Adani Transmission and Adani Power lost between 3-4%.

Recently acquired cement players Ambuja Cement and ACC were also down 3% each.

Adani Enterprises is likely to launch a mega FPO amounting to Rs 200 bn that is likely to find some big investors like Gulf sovereign wealth funds and strategic equity partner International Holding Company (IHC), suggest media reports.

This will lead to a marginal 3.5% dilution for the promoters, and the company may file the red herring prospectus (RHP) later this month.

This created negative sentiment for Adani group stocks, pulling the fastest-growing stocks of 2022 lower.

Rupee climbs to 1-month high

The rupee gained 57 paise to close at 81.7 (provisional) against the US dollar on Tuesday, supported by a weaker greenback overseas. It registered the biggest single-day gain since November 2022.

The dollar index has dropped almost 2% over the last two sessions on expectations that the Fed is likely to pause its rate hiking cycle after two 0.25% hikes.

This continued struggle in dollar since US job report have helped the currency to hedge high.

The rupee became the best performer among the Asian currencies following stop order triggers and inflows from bond selling.

However, sustained foreign fund outflows and a weak trend in domestic equities dented investor sentiments.

At the interbank foreign exchange market, the local unit touched an intra-day high of 81.72 and a low of 82.26 against the greenback.

The rupee was falling for quite some time now, depreciating below 83 per dollar.

If you're looking for investing ideas, we suggest watching this video - How to Profit from a Rising US Dollar.

Also, read our recent pieces on how IT stocks benefit from a falling rupee and the 5 stocks that can gain from a falling rupee.

Cyient DLM Files IPO papers

Electronic manufacturing services and solutions provider Cyient DLM has filed the draft red herring prospectus (DRHP) with the capital market watchdog Sebi to raise funds through an initial public offering (IPO).

The wholly owned subsidiary of IT services company Cyient is looking to raise Rs 7.4 bn through a fresh issue of equity shares.

It may also consider raising to Rs 1.5 bn by way of the private placement, rights issue, preferential offer or any other method before filing the red herring prospectus with the Registrar of Companies.

If it raises funds through the pre-IPO placement, the fresh issue size will be reduced accordingly.

The company will allocate 75% of the net offer for the qualified institutional bidders, whereas non-institutional bidders will get 15% of the net offer. The remaining 10% of shares will be allocated to retail investors.

Cyient DLM is an integrated electronic manufacturing service (EMS) and solutions provider with strong capabilities across the value chain and the entire life cycle of a product.

It offers end-to-end (E2E) manufacturing, assembly and repair capabilities and re-engineering services with a focus on sectors like aerospace, defense, medical, energy, railways and other industries.

To know more about IPOs, check out the upcoming IPO section on our website

And to know what's moving the Indian stock markets, 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