SGX Nifty Up 56 Points | JBM Auto's Big Launch | Hindalco Industries Plans Fundraise | Top Buzzing Stocks Today

Thu, 12 Jan Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Wednesday, Indian share markets gave up all the gains during closing hours and ended flat.

Indian indices had a volatile Wednesday as they remained rangebound for most of the day and ended with minor losses.

Traders waited for domestic and US consumer price data later in the week to offer cues on central banks' interest rate-hike plans.

At the closing bell on Wednesday, the BSE Sensex stood lower by 10 points.

Meanwhile, the NSE Nifty closed lower by 18 points (down 0.1%).

Hindalco, Sun Pharma, and BPCL were among the top gainers.

Bharti Airtel, Cipla, Divis Laboratories on the other hand, were among the top losers.

Broader markets settled on a mixed note on Wednesday. The BSE Midcap inched 0.3% lower while the BSE SmallCap index ended flat.

If you're looking to midcap stocks that offer growth in the long run, check out the 5 midcap stocks for long term.

Sectoral indices ended on a mixed note with stocks in the banking sector, metal sector and IT sector witnessing heavy buying.

While stocks in the healthcare sector, FMCG sector, and power sector witnessed selling.

Shares of Jindal Steel and Power, and Schneider Electric Infra hit their 52-week highs.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

The rupee was trading at 81.56 against the US$.

Gold prices for the latest contract on MCX were trading higher by 0.3% at Rs 55,900 per 10 grams at the time of Indian market closing hours on Wednesday.

At 8:00 AM today, the SGX Nifty was trading up by 56 points or 0.3% higher at 18,000 levels.

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

Speaking of stock markets, combined with government policies, a solid ecosystem and investors with deep pockets have come together to bring about once in a century disruption in the energy sector.

In the below video, Richa Agarwal - smallcap analyst at Equitymaster, talks about 3 companies in green energy space that deserve to be on your watchlist.

Top Buzzing Stocks Today

HCL Technologies share price will be in focus today.

IT major HCL Technologies will declare its quarterly results today. HCL Technologies is an Indian multinational information technology services and consulting company headquartered in Noida.

Infosys will also be a top buzzing stock.

The company will report its Q3 earnings on Thursday along with peer HCL Technologies.

Market participants will also track the share price movement of Sigachi Industries.

The company's board on Tuesday approved an increase in authorised share capital from Rs 320 million (m) (about Rs 32 crore) to Rs 420 m by way of issue of up to 110 m convertible warrants to the promoters at Rs 285.3 per share.

Sona BLW to acquire Novelic

Investors have cheered the entry of Sona BLW Precision Forgings into the sensor and software business. The auto component manufacturer plans to acquire a 54% stake in Novelic, a Serbian company focussing on autonomous driving and automation products.

The deal opens the doors to a growing market for the company as more and more vehicles are electrified and autonomous. The advanced driver assistance systems (ADAS) sensors market size is estimated to reach US $ 43 bn (about Rs 3,515.9 m) by 2030.

The acquisition adds a new segment, 'sensors and software', for Sona, which is present in manufacturing and supplying of automotive systems and components to original equipment manufacturers, including electric vehicle makers.

Hindalco Industries to raise funds

Hindalco Industries is looking to sell a bond for as much as Rs 7 bn via the issuance of Non-convertible debentures (NCDs) on a private placement basis, the company informed on Wednesday.

The company would seek bids on 17 January 2023 for 14-month bonds, as per a report by Bloomberg.

The company, part of the Aditya Birla Group, is returning to the bond market after a decade-long hiatus, looking to raise funds to meet regulatory requirements as if the transaction goes ahead, it would the firm's first bond sale since 2012.

Regulators in India require large companies to meet 25% of their annual funding requirements by issuing bonds, a policy designed to deepen the market.

Hindalco's board approved a proposal to raise as much as Rs 10 bn through bonds, loans, debentures and other securities in November last year. Managing Director Satish Pai said at the time that approval to raise funds through notes was to fulfill regulatory requirements.

Did you know that Hindalco is one of the five Indian companies with Indian cash reserves?

Piramal Pharma share price under pressure

On Wednesday, Piramal Pharma declined after the pharma company said that the United States Food and Drug Administration (USFDA) issued a Form 483, with six observations after the inspection of its Lexington facility.

The USFDA conducted a pre-approval inspection (PAI) and good manufacturing practices (GMP) inspection of Piramal Pharma's Lexington facility, Kentucky, USA from 27 December 2022 to 10 January 2023.

The observations were classified under voluntary action indicated (VAI) and does not relate to data integrity.

The company added that it is preparing a detailed response to the observations, which will be submitted to the US FDA within the stipulated timelines.

Piramal Pharma lastly added that it remains committed to maintain the highest standards of compliance and will work closely with the agency to comprehensively address all the observations.

Piramal Pharma is a pharmaceutical company that manufactures and develops a wide range of pharmaceutical solutions to reduce diseases. Piramal Pharma serves customers worldwide.

JBM Auto launches 'Galaxy'

On Wednesday JBM Auto launched its first self-designed and self-manufactured electric luxury coach 'Galaxy' at Auto Expo 2023.

The company, also showcased its new series of e-buses, including city bus, staff bus and school bus.

The new range of electric buses will address the growing market requirements, especially the fleet owners, who are looking for sustainable, safe, reliable and profitable solutions. However, the company did not disclose the price of the coach.

Currently, 1,000 JBM electric buses are plying in 12 states.

The Galaxy's 12-metre high coach is equipped with the latest technology and has a seating capacity of 45 passengers.

It is powered by high energy density advanced lithium-ion battery, offering up to 1,000 kilometer per day.

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