Sensex Trades Lower, Nifty Below 18,200; Motherson Sumi Tanks 17%

Fri, 14 Jan 10:30 am

   Previous Close   

   Pre-Open   

   SGX Nifty   

   Closing   

Asian share markets are trading on a negative note today after a raft of Federal Reserve officials signaled they will combat inflation aggressively.

The Hang Seng and the Shanghai Composite are trading down by 1% and 0.6%, respectively. The Nikkei is trading down by 1.3%.

In US stock markets, Wall Street's major indexes closed lower on Thursday as investors took profits, particularly in technology stocks after a three-day rally, while multiple Federal Reserve officials were out talking about inflation and interest rate hikes.

The Dow Jones fell 176.7 points, or 0.5% and the Nasdaq Composite dropped 382 points, or 2.5%.

Back home, Indian share markets are trading on a negative note. Benchmark indices opened lower today on the back of weak global cues.

Market participants are tracking shares of HCL Technologies, Tinplate Company of India, Ashirwad Capital and Gujarat Hotels as these companies will announce their December quarter results today.

The BSE Sensex is trading down by 245 points. Meanwhile, the NSE Nifty is trading lower by 66 points.

IOC and Tata Consumer Products are among the top gainers today. HCL Tech and Axis Bank, on the other hand, are among the top losers today.

The BSE Mid Cap index is up 0.2% while the BSE Small Cap index is trading higher by 0.3%.

Sectoral indices are trading on a negative note with stocks in the IT sector and banking sector witnessing selling pressure.

Engineering stocks, on the other hand, are trading in green.

Shares of Tanla Platforms and Deepak Fertilisers hit their 52-week highs today.

The rupee is trading at 74.07 against the US$.

Crude oil prices eased for a second session today on growing concerns that Washington may soon act to cool prices, while movement controls in China to rein in a Covid-19 outbreak weighed on fuel demand.

Gold prices are trading up by 0.4% at Rs 47,923 per 10 grams.

In news from the energy sector, Reliance Industries is among the top buzzing stocks today.

Reliance Industries (RIL) pledged to invest a massive Rs 6 tn (US$80 bn) in Gujarat over 10 to 15 years for its clean energy businesses, as India's largest fossil-fuel refiner seeks to extend its dominance amid a global shift to renewables.

RIL, which first announced plans to diversify into clean energy in June, said that it signed an accord with the Gujarat government for a total investment of Rs 6 tn in various projects in the state, which is home to its refinery complex, the world's largest such plant.

'RIL will develop an ecosystem for assisting small and medium enterprises and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of renewable energy and green hydrogen', the company said, adding that the memorandum of understanding with the Gujarat government was part of investment promotion initiatives announced at the Vibrant Gujarat Summit 2022.

The projects are expected to create one million direct and indirect job opportunities in Gujarat. Reliance said it is scouting for land for a 100 gigawatt (GW) renewable energy power project in Kutch, Banaskantha and Dholera in consultation with the state government and has sought 4.5 lakh of land in Kutch.

Furthermore, Reliance will invest Rs 250 bn in existing projects and new ventures over the next three to five years.

The company has also proposed to invest Rs 75 bn over three to five years for Jio Network upgradation to 5G and another Rs 30 bn over five years in Reliance Retail.

RIL, which currently generates more than half of its revenue from refining and petrochemicals, is pivoting the conglomerate to renewable fuels.

Last year, the company said it plans to build four giga-factories for solar PV modules, electrolyzers, fuel cells and energy storage at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar at an investment of over Rs 750 bn over the next three years.

To know more, check out Reliance Industries' 2020-21 annual report analysis.

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 below video to find out more:

Moving on to news from the retailing sector,

Rakesh Jhunjhunwala Raises Stake in Titan Company

Ace investor Rakesh Jhunjhunwala has increased shareholding in jewellery-watches-to-eyewear maker Titan Company to 5.09% at the end of quarter ended December 2021.

Titan is the biggest stock in his portfolio, which is valued at Rs 118.5 bn at share price of Rs 2,618.7 per share, followed by Star Health and Allied Insurance.

Rakesh Radheshyam Jhunjhunwala raised his stake in Titan to 4.02% (35.7 m equity shares) at the end of December 2021 quarter, up from 3.8% (33.8 bn shares) as of September 2021 quarter.

In addition, his wife Rekha Rakesh Jhunjhunwala's shareholding maintained at 1.07% (95,40,575 shares) during the same period.

With this, Jhunjhunwala's total shareholding increased to 5.09% in December quarter, up from 4.87% in previous quarter.

Meanwhile, Titan recorded strong demand across its consumer businesses and clocked 36% growth over the festive quarter last year.

The company's jewellery business grew by 37% year on year (YoY) in the third quarter of the fiscal 2022, watches & wearables up 28%, eyewear 27% and other businesses registered a 44% YoY growth

Titan share price is currently trading down by 0.3%.

Speaking of stocks, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these for stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets

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