Sensex Today Falls 250 Points | Power Stocks Under Pressure | Titan, Kotak Mahindra Bank, Bharti Airtel Top Losers

Thu, 19 Jan 10:30 am

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Asian share markets followed Wall Street and traded lower today as concerns over economic growth overshadowed optimism that central banks will slow policy tightening.

The Nikkei is trading down by 1.5% while the Hang Seng is trading flat. The Shanghai Composite is trading higher by 0.1%.

The S&P 500 and the Dow lost almost 2% on Wednesday, their biggest daily drops in more than a month, after weak economic data fuelled recession worries while hawkish comments from Federal Reserve officials soured investor moods further.

The Dow Jones ended lower by 1.8% while the tech heavy Nasdaq Composite ended lower by 1.2%

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	91.78	-0.38	-0.41%	93.59	91.4	152.1	83.45
Apple	135.21	-0.73	-0.54%	138.61	135.03	179.61	124.17
Meta	133.02	-2.34	-1.73%	137.25	132.8	328	88.09
Tesla	128.78	-2.71	-2.06%	136.68	127.01	384.29	101.81
Netflix	326.33	0.11	0.03%	330.08	321.25	526.64	162.71
Amazon	95.46	-0.59	-0.61%	99.32	95.38	170.83	81.43
Microsoft	235.81	-4.54	-1.89%	242.38	235.52	315.95	213.43
Dow Jones	33,296.96	-613.89	-1.81%	34,016.53	33,269.90	35,824.28	28,660.94
Nasdaq	11,410.29	-146.9	-1.27%	11,690.27	11,403.31	15,990.38	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a negative note, following the trend on SGX Nifty and tracking weak global cues.

At present, the BSE Sensex is trading lower by 280 points. Meanwhile, the NSE Nifty is trading lower by 88 points.

Axis Bank, L&T, and Sun Pharma are among the top gainers today.

Titan, Kotak Mahindra Bank and HUL are among the top losers today.

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

Sectoral indices are trading on a negative note with the exception of oil and gas sector. Stocks in the utilities sector, consumer durables sector, and power sector witness selling.

Shares of APT Apollo Tubes and Mahindra CIE Auto hit their 52 week high today.

The rupee is trading at Rs 81.3 against the US dollar.

In the commodity markets, gold prices trade higher by Rs 24 at Rs 56,310 per 10 grams.

Meanwhile, silver prices are trading lower by 0.4% at Rs 67,926 per 1 kg.

Speaking of stock markets, we believe that the next 10 years belong to the defence sector.

And within that, drones are a big opportunity. As per our research, this could be one of the fastest-growing sectors of the stock market by 2030... and possibly even beyond.

If you're an investor, then you simply cannot ignore this sector today. Otherwise, you could be leaving a lot of money on the table.

You can instantly access our complete research on India's defence opportunity by clicking here.

To know more about how drones can be the next big opportunity, tune in to the video below.

HUL to declare quarterly results today

FMCG giant, Hindustan Unilever (HUL) will be in focus today ahead of its third-quarter earnings for the financial year 2022-23.

Although, HUL is expected to post healthy double-digit growth YoY in both revenue and profitability terms, but sequentially the performance is likely to be lacklustre. Margins will continue to be under pressure in Q3. Sales are expected to be stable due to pricing growth in Q3.

Ahead of the Q3 result, HUL share price on Wednesday closed on a positive note

HUL is the fifth-largest company and the largest FMCG player in terms of market share. HUL is one of the best FMCG stocks.

Speaking of HUL, here's an interesting data on the stock, between 2002 to 2010, HUL's stock price went nowhere...have a look at the chart below:

A Journey of No Returns in a So Called Safe Stock

The stock was basically in an 8-year coma. The returns could barely even make up for the inflation.

However, over the 2010 to 2020 period, HUL delivered a whopping return of 30% CAGR!

Tata Motors repositions Nexon EV portfolio

Tata Motors on Wednesday announced the repositioning of Nexon EV portfolio with changes in pricing and enhanced range. The revision in price comes after the launch of Mahindra's XUV 400 electric SUV.

One of the best automobile stocks - Tata Motors' Nexon EV Prime XM has now been repositioned at Rs 14.5 lakh, the company stated in a press release. Meanwhile, Mahindra and Mahindra's newly launched electric SUV has been priced at Rs 15.9 lakh.

The range of the Tata's Nexon EV MAX variants have been enhanced to 453 km from 25 January 2023, onwards. This range enhancement will be offered to current Nexon EV MAX owners through a software upgrade, at dealerships, from 15 February 2023.

The company launched a feature packed Nexon EV MAX XM trim in the portfolio with its price starting at Rs 16.5 lakh.

The top end trim, Nexon EV MAX XZ+ Lux has been repriced at INR 18.5 lakh. The company has opened bookings for the entire Nexon EV Line-up immediately. Deliveries of the new variant, Nexon EV MAX XM will commence from April 2023 onwards.

When we talk about automobile sector it would be impossible not to mention the star performers of auto sector in the recent past: Maruti Suzuki India and Eicher Motors. However, time has come to look at the next Maruti and Eicher of the auto sector.

Brijesh Bhatia talks about new winners and losers of the auto space in his editorial on: this is the NEXT Maruti & Eicher.

KDDL approves buyback of shares

The Board of Directors of KDDL at its meeting held on Wednesday i.e. 18 January 2023 has inter-alia approved the proposal of buyback of fully paid-up equity shares having a face value of Rs. 10 each.

The company's board approved buyback worth upto Rs 210 million (m) at a price not exceeding Rs 2,100 each.

At the maximum buy-back size and the maximum buyback price, the indicative maximum number of equity shares to be bought back under the buyback would be 1,75,000 equity shares, representing 1.4% of paid-up equity shares of the company.

The maximum buyback size represents 9.7% and 8.5% of the aggregate of the total paid-up equity share capital and free reserves of the company.

As on 13 January 2023, promoters and promoter group held 49.3% in the company. Assuming the buyback of maximum buyback shares, promoter holding will increase to 49.9%.

Since you are interested in buyback of shares, 5 stocks that could announce big buybacks in 2023, might also interest you.

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

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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

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