Sensex Ends 85 Points Higher, Nifty Settles Above 18,250; Metal Stocks Rally

Thu, 13 Jan Closing

   Previous Close   

   Pre-Open   

   10:30 am   

Indian share markets witnessed volatile trading activity throughout the day today and ended marginally higher.

Frontline indices whipsawed around the flat line today as tepid economic data back home and sombre global mood hit sentiment.

At the closing bell, the BSE Sensex stood higher by 85 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 45 points (up 0.3%).

Tata Steel and JSW Steel were among the top gainers today.

Wipro and Asian Paints, on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,301, up by 85 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 0.4% and 0.5%, respectively.

Sectoral indices ended on a mixed note with stocks in the metal sector, engineering sector and power sector witnessing most of the buying interest.

Realty stocks, on the other hand, witnessed selling pressure.

Shares of Adani Transmission and Sun Pharma hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng ended up by 0.1%, while the Shanghai Composite ended down by 1.2%. The Nikkei ended down by 1% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading up by 4 points.

The rupee is trading at 73.88 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 47,843 per 10 grams.

Speaking of stock markets, Brijesh Bhatia explains why power stocks are ready to break out, in his latest video for Fast Profits Daily.

In the video, Brijesh discusses why you should have power stocks on your watchlist and at what levels you should buy them for fast profits.

Tune in to the video below to find out more:

Moving on to the stock-specific news, Adani Group Stocks were among the top buzzing stocks today.

POSCO and the Adani Group together will be investing up to US$5 bn and have agreed to explore business cooperation opportunities, including the establishment of a green, environment-friendly integrated steel mill at Mundra, Gujarat, as well as other businesses.

The non-binding MoU signed between POSCO and Adani will see further collaboration at the group business level in various industries such as renewable energy, hydrogen, and logistics in response to carbon reduction requirements.

Both the parties are examining various options to cooperate and leverage the technical, financial, and operational strengths of each company.

The collaboration includes evaluating a joint integrated steel mill at Mundra, Gujarat, based on POSCO's state-of-the-art technology and cutting-edge R&D capability, said Adani in its release.

POSCO and Adani intend to utilise renewable energy resources and green hydrogen, in line with both partners' environmental, social and governance (ESG) commitments to sustainability and energy efficiency.

POSCO and Adani have also signed a MoU with the Government of Gujarat for support and cooperation from the Government for the collaboration.

POSCO operates POSCO-Maharashtra, a 1.8-million-ton cold-rolled and galvanized mill regarded as the most advanced automotive steel supplier in India, and four processing centres in Pune, Delhi, Chennai and Ahmedabad.

How this pans out remains to be seen.

Moving on to news from the pharma sector...

LIC Picks Up Stake in This Healthcare Stock

The recent shareholding pattern released by Dr Lal PathLabs on the BSE showed that insurance giant Life Insurance Corporation of India (LIC) has picked up stake in the healthcare company during the October-December 2021 period.

Shares of Dr Lal PathLabs surged over 2% at Rs 3,765 apiece on the BSE in today's early deals.

LIC name has appeared in the December shareholding of Dr Lal PathLabs as it has bought 1.12% stake or 9.3 lakh equity shares in the diagnostic services provider during the third quarter of the current fiscal, BSE data showed.

The state-owned insurer and investment giant did not hold any stake in the firm as of the previous quarter of July-September 2021 period.

On the other hand, mutual funds (MFs) have increased their holding in the company as their stake stands at 3.34% or 27.8 lakh shares as of December end.

Dr Lal PathLabs shares have surged over 55% in a year's period whereas the stock is up over 6% in the last six months as compared to a 16% rise in benchmark Sensex.

One of India's top diagnostic chains, the company has locations for its diagnostic laboratory services with over 5000+ diagnostic tests and related healthcare tests and services offered.

Dr Lal PathLabs share price ended the day up by 0.9% on the BSE.

Speaking of the stock markets, a right investing process can help you win in the long term. It might offer some unexpected and undesirable results in the short term but lets you fare well when you average the outcomes.

According to Richa Agarwal, Senior Research Analyst at Equitymaster, any investment process should not be judged based on individual outcomes. Instead, it should have stood the test of the time.

Her smallcap service Hidden Treasure has had its fair share of failures. But sticking to a disciplined process meant that Hidden Treasure's internal rate of return (IRR) increased to 24.38% since inception. This compares favourably to the IRRs of 9.6% for the Sensex, and 8.8% for the smallcap index in the same period (February 2008 - June 2020) as can be seen in the chart below.

The service's performance did suffer in the short term after the 2018 crash in smallcaps. However, the long term track record and the post Covid rebound underscores the strength of stock picking process.

If you are interested in becoming a Hidden Treasure subscriber, here's where you can sign up.

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