Sensex Today Ends 236 Points Higher| PSBs Soars | Coal India & Adani Ports Top Gainers

Sat, 20 Jan Closing

   Previous Close   

   10:30 am   

After opening the day on the positive note, Indian share markets gave up the gains as the session progressed and ended the day lower.

Indian benchmark indices remained range-bound on Saturday as volumes remained low due to weekend trading, and lack of global cues.

At the closing bell, the BSE Sensex stood higher by 236 points (up 0.3%).

Meanwhile, the NSE Nifty closed higher by 123 points (up 0.6%).

Coal India, Adani Ports and ICICI Bank were among the top gainers today.

HUL, TCS and HCL Tech on the other hand, were among the top losers today.

The GIFT Nifty ended at 21,612 down by 69 points, on Friday.

The BSE MidCap index ended 0.5% higher and BSE SmallCap index ended 0.4% up.

Sectoral indices ended mixed with stocks in the banking sector and power sector witnessing most of the buying. Meanwhile stocks in FMCG sector, realty sector and media sector witness selling pressure.

Shares of Apollo Hospitals, JK Cement, Trent hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.12 against the US$.

Gold prices for the latest contract on MCX are trading flat at Rs 61,988 per 10 grams.

Meanwhile, silver prices are trading marginally higher at Rs 71,510 per 1 kg.

Speaking of stock markets, the last few days however have been quite hard on Polycab India. It has seen its share price erode by a huge 30% from its top and there could be more losses in the offing.

The decline is a result of the company coming in the cross hairs of the tax authorities.

Is this reason enough for the share price to fall 30%? Or are investors overreacting as usual?

Rahul Shah co-head of research at Equitymaster, answers these questions in below video.

Why Kotak Mahindra Bank share Price is rising

In news from the banking sector, shares of Kotak Mahindra Bank jumped over 2% after the bank reported its fiscal third-quarter net profit expanded 8% on-year to Rs 30.1 bn.

Net interest income, the difference between interest earned and interest expended, rose nearly 16% YoY to Rs 65.5 bn.

Provisions and contingencies surged to Rs 5.8 bn from Rs 1.5 bn a year ago.

Pre-provision operating profit increased 19% YoY to Rs 45.7 bn but declined nearly 1% sequentially.

On the asset quality front, the gross non-performing assets as a percentage of total loans was 1.7% as of December end compared to 1.9% a year ago and 1.72% a quarter ago.

The net non-performing assets ratio was 0.3% as of December end, compared to 0.4% a year ago and 0.3% a quarter ago.

During the quarter, Kotak Bank also made a provision of Rs 1.4 bn for investments into the Alternate Investment Fund (AIF). Net interest margin (NIM) for the quarter was 5.2%, flat sequentially but lower than 5.5% a year ago.

Fees and services revenue increased 26% on year to Rs 21.4 bn.

The capital adequacy ratio of the bank, as per Basel III, was 21.2% as of December end. The provision coverage ratio stood at 80.6%.

Total advances were at Rs 3.7 trillion (tn) as of December end, 19% higher from the last year. Customer assets, which comprise advances and credit substitutes, were Rs 4 tn, up 17% YoY.

RITES Rallies 19%. Here's why

Moving on to news from the railway sector, shares of RITES surged 19% to Rs 656 to hit a new 52-week high in afternoon trade on 20 January after the company won a Rs 4.1 bn Project Management Consultancy (PMC) from IIT- Bhubaneswar.

RITES will undertake the construction of various infrastructure works for the institute.

RITES will execute the MoU with IIT-Bhubaneswar with mutually agreed terms and conditions. The client is yet to issue the Letter of Acceptance (LoA) for the work order.

In July last year, RITES had won a Rs 5 bn order from Mozambique for 10 locomotive.

Shares of IRFC, Rail Vikas Nigam and other railway companies continued to surge on Saturday, extending their record breaking run. The rally in railways-related stocks comes just weeks before the Interim Budget presentation.

Ganesh Housing Zooms over 50%. Here's why.

In news from the finance sector, shares of Ganesh Housing Corporation rallied 15% on BSE to a fresh high of Rs 694.1.

In the past four days, the stock of the Ahmedabad-based real estate company has zoomed 54% after it reported strong earnings for the December quarter.

In Q3FY24, Ganesh Housing's profit after tax grew 232% year-on-year (YoY) to Rs 1 bn.

Revenue jumped 172% YoY to Rs 1,833 crore. EBITDA (earnings before interest, taxes, depreciation, and amortization) improved 5.1% to 75.6% from 70.5% in Q3FY23.

The company is engaged in the business of construction of residential, commercial and infrastructure projects. It continues to remain debt-free from a peak debt of Rs 6.5 bn in FY19.

Ahmedabad's expanding infrastructure, thriving economic activities, and conducive business environment have contributed to a surge in both residential and commercial real estate projects.

The growth in the Ahmedabad real estate market is further augmented by the emergence of GIFT City.

The presence of GIFT City has attracted major financial institutions, global companies, and investors, leading to an increased demand for commercial spaces and upscale residential developments in Ahmedabad.

Ganesh Housing is in the process of setting up a Special Economic Zone for 6 million (m) sq. ft of space.

The Ganesh Group has having land reserve exceeding 500 acres in and around Ahmedabad and the said land has a potential of 30 msf of development.

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