Sensex Today Trades Marginally Lower | JM Financial Drops 20% | ONGC & Tata Steel Top Losers

Wed, 6 Mar 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian markets eased on Wednesday in cautious trading, with Chinese stocks slipping as the lack of big stimulus measures from Beijing disappointed some investors, while gold and bitcoin eased after hitting record highs.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2% lower.

Wall Street's three major indexes retreated more than 1 per cent, with weakness in megacap growth companies such as Apple and the chip sector weighing most on the tech-heavy Nasdaq.

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	133.78	-0.42	-0.31%	134.02	131.55	155.2	89.94
Apple	170.12	-4.98	-2.84%	172.04	169.62	199.62	147.61
Meta	490.22	-7.97	-1.60%	495.58	487.89	504.42	174.82
Tesla	180.74	-7.4	-3.93%	184.59	177.57	299.29	152.37
Netflix	598.5	-17.33	-2.81%	610.91	592	624.42	285.33
Amazon	174.12	-3.46	-1.95%	176.93	173.3	180.14	88.12
Microsoft	402.65	-12.27	-2.96%	414.25	400.64	420.82	245.73
Dow Jones	38585.19	-404.64	-1.04%	38906.98	38457.83	39282.28	31429.82
Nasdaq	17897.87	-328.62	-1.80%	18097.5	17804.5	18333.26	11695.41

Source: Equitymaster

At present, the BSE Sensex is trading 103 points lower and NSE Nifty is trading 41 points lower.

Bajaj Auto, Nestle and ICICI Bank are among the top gainers today.

ONGC, Tata Steel and Bajaj Finance on the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading on negative note. The BSE Midcap index is trading 0.3% lower and the BSE Small Cap index is trading 0.6% lower.

Barring banking sector, all other sectoral indices are trading on negative note, with socks in telecom sector and power sector witnessing selling pressure.

The rupee is trading at Rs 82.9 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 64,700 per 10 grams today.

Meanwhile, silver prices are trading 0.4% lower at Rs 73,087 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, co-head of Research at Equitymaster Tanushree Banerjee talks about HUL and Dixon Technologies, in her latest video.

Which is the safer stock to go with in a market crash?

Tune in to the below video to find out:

Coal India's Capacity Expansion

Shares of Coal India may gain on 6 March after its Chhattisgarh-based subsidiary South Eastern Coalfield (SECL)-run Gevra mine secured the environmental clearance to expand production capacity to 70 million tonnes a year.

The expansion will position Gevra as the largest coal mine in Asia, overtaking Indonesia's Sangatta mine in terms of production.

The Gevra mine, stretching approximately 10km in length and 4km in breadth, can produce 52.5 million tonnes of coal every year, which makes it the largest in India.

SECL is a 'Miniratna' company, and one of the eight fully owned subsidiaries of Coal India. Headquartered in Bilaspur, Chhattisgarh, it runs more than 90 coal mines across Chhattisgarh and Madhya Pradesh.

The company deploys environment-friendly, blast-free mining technology, including surface miners and ripper mining equipment, in addition to heavy earth-moving machinery such as 42-cubic-metre shovels and 240-tonne dumpers for overburden removal.

The expansion of the Gevra mine aligns with India's aim of achieving self-sufficiency in coal production and phasing out imports for power generation by FY26.

In FY23, the company produced 167 million tonnes (MT) of coal and aims to raise it to 200 MT in FY24 and to 260 MT by FY26. It also achieved its highest-ever mineral offtake last fiscal year at 160.05 million tonnes in FY23, with coal dispatch to the power sector reaching an all-time high of 139.92 MT.

For more details on Coal India, check out the Top 5 Most Profitable PSU Stocks of FY23 to Add to Your 2024 Watchlist.

Zomato Block Deal

China's Ant Group's arm Antfin Singapore Holdings Pte is likely to sell up to a 2% stake in Zomato for Rs 28 bn through a block deal.

The floor price for the block deal has been fixed at Rs 159.4 per share, which represents a 4% discount on the current market price of Zomato stock.

Shares of the food delivery platform hit a record high on Monday, as improving profitability paved the way for future growth, triggering a turnaround in investor sentiment.

Zomato is the most valuable new-age tech stock in India, with a market capitalisation of Rs 1.4 tn.

Blinkit - Zomato's quick commerce business, which it acquired in 2022 - is expected to turn EBITDA-positive next fiscal year and is viewed by investors as the next lever of growth for the firm.

Last month, Zomato reported a consolidated net profit of Rs 1.4 bn in the third quarter ended 31 December 2023, on the back of accelerated growth of quick commerce and steady performance of its core business.

The company posted a consolidated net loss of Rs 3.5 bn in the same quarter last fiscal.

Swiggy Partners IRCTC

Food delivery platform Swiggy and The Indian Railway Catering and Tourism Corporation (IRCTC) have signed an agreement for food delivery services to train passengers travelling through Bengaluru, Bhubaneshwar, Visakhapatnam, and Vijayawada.

The partnership aims to extend the service to more than 59 stations in the next six months.

There are two kinds of order flows that will be made available to consumers: first, they can enter their PNR number on the Swiggy interface and continue to order.

In the second, they have to input the PNR on the IRCTC app, select the preferred station for food delivery, browse through an extensive list of restaurants on Swiggy, and choose a restaurant that is delivering at the specified location and time.

The food delivered to passengers will be packed in insulated Swiggy bags to keep the meal warm and fresh. Swiggy's delivery partner would reach the selected platform, hand over the food to the customer and mark the food delivered. To ensure smooth operations, effective issue resolution and maximum comfort for the passengers.

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