Sensex Today Ends 354 Points Lower | UPL Tanks 10% | Cipla & Coal India Top Losers

Mon, 5 Feb Closing

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

After staying listless for better part of the day, equity markets turned sharply lower on Monday as investors read through Q3 numbers, and tracked global developments.

At the closing bell, the BSE Sensex stood lower by 354 points (down 0.5%).

Meanwhile, the NSE Nifty closed lower by 95 points (down 0.4%).

BPCL, Cipla and Coal India were among the top gainers today.

UPL, Bajaj Finance and Grasim Industries on the other hand, were among the top losers today.

The GIFT Nifty ended at 21,802 up by 164 points.

Broader markets are trading on higher. The BSE Mid Cap is trading flat and the BSE Small Cap index is trading 0.2% lower.

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

Shares of Hero MotoCorp, TCS and BOSCH 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 83.06 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 62,276 per 10 grams.

Meanwhile, silver prices are trading 0.7% lower at Rs 70,739 per 1 kg.

Speaking of stock markets, smallcaps were not the only outperformers of 2023.

Stocks from the defence, railways and electric vehicle sectors also found their place under the sun.

Stocks of the largest public sector entities in defence and railway sectors fetched handsome gains every time the government ordered more spending.

But there were also plenty of private sector entities in defence ecosystem that commanded premium valuations.

The EV sector became a stock market favourite in 2023.

Am sure you wonder, what after these big-ticket gains?

Will the stars of 2023 continue to shine in 2024? Or should you consider a different set of potential wealth creators?

Research Analyst, Tanushree Banerjee answers this in below video.

Why Tata Motors Share Price Is Rising

In news from the auto sector, Shares of Tata Motors, rose as much as 7.2% to hit a record high of Rs 941.9 on Monday after it announced its results for the December 2023 quarter.

The company reported a more than two-fold increase in net profit at Rs 70.3 bn, 2.4x times higher than Rs 30.4 bn registered in the year-ago period.

This was on the back of a 25% YoY increase in revenue at Rs 1.1 trillion (tn), led by strong sales in its British luxury car unit, Jaguar Land Rover (JLR).

JLR reported record revenue of 7.4-billion-pound sterling for the quarter, a growth of 22% from the year-ago period. Earnings before interest and taxes or EBIT margin at 8.8% was more than double year-on-year.

Increased wholesales to fulfil more client orders in the quarter drove the top line of the luxury carmaker.

Concerning the India business, passenger vehicle volumes rose 5% YoY in the last quarter, supported by a strong supply situation, new SUV facelifts, and robust demand during the festive period.

Due to the increase in revenue, the company's consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by a sharp 42.5% YoY to Rs 154 bn, and the operating margin expanded by 1.7% to 13.94%.

The stock touched its 52-week high of Rs 949.6 on 5 February 2024 and a 52-week low of Rs 400 on 38 March 2023.

This multibagger stock continues to be on the radar of investors. To know why, check out Why Tata Motors Share Price is Rising.

Tata Motors remains in the fast lane, when it comes to electric vehicles (EVs). The Tata group is leading India's EV revolution, and Tata Motors has remained at the forefront.

Birlasoft Launches AI Platform

Moving on to news from the IT sector, Birlasoft, on 5 February launched its Generative artificial intelligence (Gen AI) platform Cogito to deliver enterprise solutions to automate processes, generate innovative content, enhance decision-making, and boost overall business performance.

Birlasoft Cogito streamlines and expedites the development and implementation of Gen AI solutions for enterprises through pre-built tools, libraries, and frameworks.

The Gen AI platform offers support through comprehensive training, educational materials, tutorials, and documentation. Birlasoft further said organizations can devise roadmaps for operational improvement, adapt to market dynamics, and explore new growth avenues using Cogito.

Birlasoft Cogito will enable businesses towards rapid innovation, improved productivity, and uncovering new opportunities.

Birlasoft stands among 5 Stocks That Hiked Dividend Payouts by Over 30% in Just 10 Years.

Varun Beverages Profit Jumps 77%

Moving on to news from the beverages sector, Varun Beverages, on 5 February, reported a consolidated net profit of Rs 1.3 bn for the December quarter of FY24, registering a growth of 77% from Rs 750 m in the year-ago period.

Total revenue for the third quarter came in at Rs 27.3 bn, up 21% from Rs 22.6 bn in the year-ago period. The net realization per case rose by 7% in the calendar year 2023, reaching Rs. 175.7.

This increase was propelled by the sustained enhancement in the mix of smaller SKUs (250ml) within the Indian markets and a higher realization per case in international markets.

Varun Beverages, which is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world outside the US, follows the January-December financial year.

Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter were at Rs 4.2 bn, growing by 37%. EBITDA margin was at 15.3% compared to 13.6% in the year-ago period. This was led by led by increased realization and higher gross margins.

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!

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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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