Sensex Today Ends Flat | Smallcap Stocks Shine | Rallis India Zooms 12%, Tata Power 8%

Thu, 7 Mar Closing

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After opening the day lower, Indian share markets turned positive as the session progressed and ended the day Flat.

Benchmark indices moved in a narrow range around the flat line on Thursday, while the broader indices held their gains through the day.

At the closing bell, the BSE Sensex stood higher by 33 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 11 points.

Tata Steel, Bajaj Auto and Tata Motors were among the top gainers today.

M&M, BPCL and Axis Bank on the other hand, were among the top losers today.

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

The GIFT Nifty ended at 22,537 down by 54 points.

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

Broader markets ended the day higher. The BSE Mid Cap ended 0.4% higher and the BSE Small Cap index ended 0.7% higher.

Sectoral indices are trading positive, with socks in metal sector, power sector and telecom sector witnessing buying. Meanwhile stocks in oil & gas sector and energy sector witnessed selling pressure.

Shares of Tata Investment, Bajaj Auto and ABB India 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 82.80 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% higher at Rs 65,490 per 10 grams.

Meanwhile, silver prices are trading flat at Rs 74,210 per 1 kg.

Speaking of stock markets, oes back of the envelope calculation work in a field like investing as well? Or is it a field where one is required to apply scientific rigor and precision?

Well, if you look at all the great investors like Ben Graham, Warren Buffett, and Peter Lynch, I don't think any of them applied complex mathematical formulae to evaluate their investments.

Co-head of Research at Equitymaster, Rahul Shah show how you can use a simple back-of-the-envelope calculation to decide whether a stock can be considered for investment or whether it should be rejected, in his latest video.

Tune in to the below video:

Tata Chemicals Soars 14%

In news form the chemical sector, Tata Chemicals shares zoomed around 14% to hit a 52-week high of Rs 1,349 on NSE, extending gains to the sixth consecutive session.

The recent rally has come on the back of a media note on 4 March, which mentioned Tata Sons, the parent company of the Tata Group.

Tata Sons is the investment holding company of the Tata Group.

The Tata Group comprises over 100 operating companies in seven business sectors: communications and information technology (IT), engineering, materials, services, energy, consumer products and chemicals.

The company has been classified as an upper-layer non-banking financial company (NBFC), supporting and promoting other Tata Group businesses. It is currently preparing for its initial public offering (IPO).

According to the Reserve Bank of India's rules, when a company is designated as an upper-layer NBFC, it must go public within three years.

On 14 September 2023, the RBI announced that 15 financial firms, including Tata Sons, fall into this upper-layer NBFC category.

As the buzz over the potential listing of Tata Sons, the holding company of the Rs 30 trillion (tn) conglomerate, grows louder, investors have already started betting on Tata Chemicals, which could be the biggest beneficiary of the mega IPO.

As per the media report released earlier this week, four Tata Group companies - Tata Motors, Tata Chemicals, Tata Power and Indian Hotels have ownership in Tata Sons. However, the only realistic way to get exposure to this potential value-unlocking opportunity is via Tata Chemicals.

While Tata Sons is the promoter of Tata Chemicals and holds a 31.9% stake in the company, Tata Chemicals also holds more than 10,000 shares of Tata Sons, data from its annual report showed.

Tata Motors To Hike Prices

Moving on to news form the auto setcor, Tata Motors announced on 18 September that it will increase the prices of its commercial vehicles, effective 1 October 2023, by upto 33%.

This adjustment aims to offset the impacts of past input costs.

The price increase is to offset the residual impact of the past input costs.

While the price increase will vary, as per individual model and variant, it will be applicable across the entire range of commercial vehicles.

Tata Motors on 4 March informed the stock exchanges of its decision to demerge its businesses into two separate listed entities, namely the commercial vehicles (CV) and passenger vehicles (PV) businesses. PVs include electric vehicles (EVs) and Jaguar Land Rover (JLR).

Tata Motors' proposed demerger plan will help the company reap the best of both worlds.

For more details on demerger, check out Tata Motors Demerger: Will Shareholders Witness Value Unlocking?

Macrotech Developers Raises Funds

Moving on to news form the realty sector, realty major Macrotech Developers, formerly known as Lodha Developers, raised Rs 32.8 bn by selling shares to institutional investors to repay debt, acquire land and cover other expenses. The qualified institutional placement (QIP), which opened on 4 March, is set to close on 7 March.

The company had approved allotment of 290 m equity shares of face value Rs 10 each to eligible qualified institutional buyers (QIB) at the issue price of Rs 1,098 per share, against the floor price of Rs 1,129.4 per share.

After the allotment of equity shares in the issue, the paid-up equity share capital of the company stood increased to Rs 9.9 bn.

Invesco Developing Markets Fund was allotted the most shares via this QIP at 21.4% of the total issue size, followed by GQG Partners with 11.2% of the QIP issue, and Stitching Depositary APG Emerging Markets Equity Pool with 9% of the QIP issue.

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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