Sensex Today Zooms 600 Points | RITES Surges 10% | Adani Enterprises & Adani Port Top Gainers

Mon, 29 Jan 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Major stock markets in Asia opened higher on Monday as investors awaited fresh key economic data scheduled during the week and the US Fed interest rate decision this Wednesday.

The Nikkei index was trading 0.8% higher, while Hang Seng was trading 1.3% higher. Meanwhile Shanghai index is trading flat.

The S&P 500 ended a five-session streak of record highs on Friday, with Intel, opening a new tab slumping after a bleak revenue forecast, while US economic data showed inflation moderating.

Here's a table showing how US stocks performed on Friday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	153.79	0.15	0.10%	154.11	152.8	154.76	88.86
Apple	192.42	-1.75	-0.90%	194.76	191.94	199.62	141.32
Meta	394.14	0.96	0.24%	396.79	391.59	396.79	146.95
Tesla	183.25	0.62	0.34%	186.78	182.1	299.29	152.37
Netflix	570.42	8.42	1.50%	579.64	558.43	579.64	285.33
Amazon	159.12	1.37	0.87%	160.72	157.91	160.72	88.12
Microsoft	403.93	-0.94	-0.23%	406.17	402.43	407.01	242.2
Dow Jones	38109.43	60.3	0.16%	38215.31	37997.77	38215.31	31429.82
Nasdaq	17421.01	-95.98	-0.55%	17514.76	17395.54	17665.26	11695.41

Source: Equitymaster

At present, the BSE Sensex is down 574 points and NSE Nifty is trading 181 points higher.

Adani Enterprises, ONGC and Adani Ports are among the top gainers today.

Cipla, ITC and JSW Steel on the other hand are among the top losers today.

Broader markets are trading on mixed. The BSE Mid Cap and the BSE Small Cap index is trading 0.7% higher.

Sectoral indices are trading mixed, with socks in power sector and oil & gas sector witnessing most buying. Meanwhile, stocks in IT sector and realty sector witnessed selling pressure.

The rupee is trading at Rs 83.15 against the US dollar.

In commodity markets, gold prices are trading 0.4% higher at Rs 62,344 per 10 grams today.

Meanwhile, silver prices are trading 0.4% higher at Rs 72,070 per 1 kg.

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...

Speaking of stock markets, India's three leading exchanges, BSE, MCX and IEX operate in different genres.

One is a stock exchange (operating in financial sector).

The second is a commodity exchange (operating in manufacturing sector).

The third is an energy exchange (operating in infrastructure sector).

All three exchanges are listed. Also, they are perceived by investors as the gateway to the long-term prosperity of the underlying sector they operate in.

Which one could be a future multibagger?

Tanushree Banerjee co-head of research at Equitymaster, answers these questions in below video.

SJVN Bags Solar Project

State-owned SJVN Ltd on Thursday said it has bagged a 100 MW solar project under an e-reverse auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL).

SJVN bagged the 100 MW solar project at the rate of Rs 2.54/unit on a build-own and operate basis through a tariff-based competitive bidding process of GUVNL Phase XXI.

SJVN has secured the full quoted capacity of a 100 MW solar power project through e-Reverse Auction conducted by GUVNL.

This ground-mounted solar project will be developed by SJVN through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL) at a tentative cost of Rs 5.5 bn.

The project will be executed by SGEL in Solar Park being developed by Gujarat Industrial Power Corporation in Khavda, Gujarat, through an EPC contract. The power purchase agreement will be executed after the issuance of the Letter of Award from GUVNL.

The project is expected to generate about 252 million units in its first year of commissioning, and the cumulative energy generation over 25 years would be about 5,866 million units.

After zooming 190% in 2023, shares of the company hit an all-time high in January 2024. For more, check out Why SJVN Share Price is Rising.

DLF Acquires Land in Gurugram

Realty major DLF Ltd will acquire 29 acres of land in Gurugram from IREO to build a housing project after taking over bad loans worth Rs 8.3 bn related to the land.

A senior official of DLF said the total consideration for the 29 acres of land will exceed Rs 8.3 bn.

The land has been mortgaged by realty firm IREO with some financial institutions.

DLF plans to develop a group housing project on the land located on Golf Course Extension in Gurugram, Haryana.

DLF said it has agreed with Standard Chartered Bank, Singapore Branch, DB International (Asia), Singapore and Deutsche Investments India.

From these lenders, DLF has agreed to buy non-convertible, redeemable bonds issued by IREO (bond issuer).

He said it might take more than 12 months to bring this project to the market, but it will be a very big addition to the portfolio.

He said the company is in the process of finalising an agreement with the developer for the acquisition of the 29 acres of land with the requisite FAR.

HDFC Bank Receives RBI nod to Buy Additional Stake

Today, HDFC Bank gained 2% after the Reserve Bank of India (RBI) allowed Life Insurance Corporation (LIC) to acquire an additional 4.8% stake in the lender, taking its stake to 9.9%.

The stock has crashed 14% after the private sector lender reported its December quarter results. Margin strain, fall in earnings per share (EPS) and slower-than-expected deposit growth have hit the sentiment.

In the third quarter, HDFC Bank's net interest income (NII) grew 4% on-quarter, led by a 4.9% sequential growth in gross advances, while its net profit was up 2.5% on quarter supported by bulky treasury gains and favourable tax write-backs of Rs 15 bn.

Higher cost of funds, or borrowing costs, however, limited expansion in net interest margins (NIMs) for the banking giant, keeping them flat sequentially at 3.6% in Q3FY24.

The management believes that the bank is at the lower end of the margin contraction spectrum and expects the recovery to 3.7% in 18-24 months.

For more, check out Why HDFC Bank Share Price is Falling.

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