Sensex Today Trades Higher | PB Fintech Surges 11% | Tata Motors & ONGC Top Gainers

Wed, 31 Jan 10:30 am

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Major Asian stock markets fell on Wednesday ahead of the US Fed's policy outcome later in the day.

The Nikkei index was trading 0.5% lower, while Hang Seng was trading 1.2% lower. Meanwhile Shanghai index tanked 1.1%.

The tech-heavy Nasdaq lost ground on Tuesday as the market awaited a spate of high-profile corporate earnings and the Federal Reserve convened for its monetary policy meeting.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	153.05	-1.79	-1.16%	155.04	152.78	155.2	88.86
Apple	188.04	-3.69	-1.92%	191.8	187.47	199.62	141.32
Meta	400.06	-0.96	-0.24%	406.36	399.57	406.36	147.06
Tesla	191.59	0.66	0.35%	196.36	190.61	299.29	152.37
Netflix	562.85	-12.94	-2.25%	570.88	560.82	579.64	285.33
Amazon	159	-2.26	-1.40%	161.73	158.49	161.73	88.12
Microsoft	408.59	-1.13	-0.28%	413.05	406.45	413.05	242.95
Dow Jones	38467.31	133.86	0.35%	38497.39	38257.8	38497.39	31429.82
Nasdaq	17476.71	-119.56	-0.68%	17578.46	17443.77	17665.26	11695.41

Data Source: Equitymaster

At present, the BSE Sensex is up 131 points and NSE Nifty is trading 51 points higher.

ONGC, Tata Motors and Coal India are among the top gainers today.

L&T, ICICI Bank and Titan on the other hand are among the top losers today.

Broader markets are trading on higher. The BSE Mid Cap is trading 0.4% higher and the BSE Small Cap index is trading 1% higher.

Sectoral indices are trading mixed, with socks in metal sector, energy sector and oil & gas sector witnessing most buying. Meanwhile, stocks in banking sector and capital goods sector witnessed selling pressure.

The rupee is trading at Rs 83.12 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 62,441 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 72,281 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, the general elections in India have always played a big role in deciding sentiment in the market.

This may be for right or wrong reasons but the fact can't be denied. Most people who have put their hard-earned money in stocks either as investment or speculation, will be interested in knowing how the elections will impact the market.

Which stocks or sectors will rise in anticipation of the results? Which ones will be on the back foot?

Tue in to the below video to know the stocks likely to benefit from the 2024 general elections.

TCS Bags Aviva Deal

Tata Consultancy Services (TCS) on 30 January announced that Aviva, the UK's leading insurance, wealth and retirement provider has expanded its partnership with the IT services major in a 15-year agreement to transform the company's UK Life business and improve customer experience.

TCS did not disclose the deal size.

The deal comes after the country's largest IT services firm had a seasonally weak quarter where no large deals were reported.

Aviva has been a long-standing partner of TCS for 20 years. In this new agreement, TCS will be deploying TCS BaNCS, transforming Aviva's end-to-end policy administration and servicing to expand to cover over 5.5 million policies. This will further be managed by Diligenta, TCS' FCA-regulated subsidiary in the UK, on behalf of Aviva.

TCS has operated in the UK for more than 45 years and works with over 200 of the top businesses in the country, including British Airways, Virgin Atlantic, Sainsbury's, Nationwide, M&S, Asda and Boots.

TCS has a leadership position in software and IT services to the UK market. It currently employs more than 23,000 people in the UK and Ireland, making it among the region's biggest IT employers.

As you're interested in Tata group stocks, check out the new section in our Stock Screener, where you can view the fundamentals of companies within a business group in one screen, including the Top Tata group stocks.

L&T Q3 Results

Larsen & Toubro (L&T) reported a consolidated net profit of Rs 29.5 bn for the December quarter of FY24, up 15% from the year-ago period, on better execution of infrastructure projects and continued growth in the IT and tech services portfolio.

Revenue zoomed to Rs 551.3 bn, 19% higher than last year.

The numbers were lower than market expectations.

An average of estimates of four brokerages pegged the diversified conglomerate to report an over 30% year-on-year (YoY) jump in profit at Rs 33.2 bn. Revenue was expected to grow 20% to Rs 557.2 bn on the strength of a strong order book.

L&T won orders worth Rs 759.9 bn at the group level during Q3, logging a 25.2% growth over the corresponding quarter of the previous year when it had won orders worth Rs 607.1 bn.

During the reporting quarter, orders were received across multiple segments, including public spaces, nuclear power and the irrigation, ferrous metal, health, renewables and refinery sectors.

International orders at Rs 505.6 bn during the quarter comprised 67% of the total order inflow. Last year, L&T had international orders worth Rs 152.9 bn, which accounted for 25% of its total order inflow.

The group's consolidated order book was at Rs 4.7 trillion (tn) as of the end of December, with international orders having a share of 39%. Last year, L&T ended the same period with a group consolidated order book of Rs 3.9 tn.

It stands among the five large-caps that have delivered the highest returns to investors in 2023.

For more, check out the Top 5 Biggest Gainers of 2023. Will Their Dream Run Continue?

L&T has been an investor's favourite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. For more details, check out L&T's next big leap in the green hydrogen space.

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

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Indian Share Market Update: Top Gainers and Losers