Sensex Today Falls 250 Points | Adani Wilmar, Adani Power & Adani Transmission Hit Upper Circuit | Reliance & TCS Top Losers

Thu, 9 Mar 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets rose today after a choppy US session saw major benchmarks post modest gains as investors weighed the outlook for interest rates.

The Nikkei is up 0.6% while the Hang Seng is trading higher by 0.2%. The Shanghai Composite is trading lower by 0.1%.

The S&P 500 index closed slightly higher while the Dow Jones fell on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and US economic data ahead of upcoming labour and inflation reports that are expected to determine the central bank's future rate hiking path.

The Dow Jones Industrial Average ended 0.2% lower while the tech heavy Nasdaq Composite rose 0.5%.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	94.65	0.48	0.51%	96.24	94.41	144.16	83.45
Apple	152.87	1.27	0.84%	153.47	151.83	179.61	124.17
Meta	184.97	0.46	0.25%	185.26	181.34	236.86	88.09
Tesla	182	-5.71	-3.04%	186.5	180	384.29	101.81
Netflix	311.79	3.32	1.08%	311.83	305.75	396.5	162.71
Amazon	93.92	0.37	0.40%	94.17	92.18	170.83	81.43
Microsoft	253.7	-0.45	-0.18%	254.54	250.81	315.95	213.43
Dow Jones	32,798.40	-58.06	-0.18%	32,903.44	32,612.70	35,492.22	28,660.94
Nasdaq	12,215.33	63.16	0.52%	12,237.72	12,102.28	15,265.42	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a negative note. Benchmark indices opened higher today following the SGX Nifty trend but erased gains as the session progressed.

At present, the BSE Sensex is trading lower by 259 points. Meanwhile, the NSE Nifty is trading down by 75 points.

Tata Steel and Axis Bank are among the top gainers today.

M&M and Reliance Industries on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is up 0.2% and the BSE Small Cap index trading higher by 0.3%.

Sectoral indices are trading on a mixed note with stocks in the power sector, and utilities sector witnessing buying.

Meanwhile stocks in the auto sector, and FMCG sector witness selling.

Shares of Bosch and Procter and Gamble Health hit their 52 week high today.

The rupee is trading at Rs 81.87 against the US dollar.

In the commodity markets, gold prices are trading lower by Rs 91 at Rs 54,820 per 10 grams.

Meanwhile, silver prices are trading lower by 0.4% at Rs 61,571 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, find out why timing the market is equally important as time in the market.

Which way will the pendulum swing? Is it Greed or Fear? Find out in the below video as Aditya Vora decodes some myths about timing the market.

Additional surveillance for select Adani group stocks

The National Stock Exchange (NSE) has put three Adani group stocks - Adani Enterprises, Adani Power, and Adani Wilmar under short-term additional surveillance measures with effect from 09 March.

Adani Green Energy and New Delhi Television will be moved to stage-II of long-term additional surveillance from stage-I with effect from Thursday, the exchange said in a circular.

The NSE had said on Monday that it would remove Adani Enterprises from the short-term additional surveillance measure framework from Wednesday. It has now been put back under the framework with effect from Thursday.

The move to put the stocks back under surveillance comes in the wake of the sharp gains in the recent sessions in the group.

Kirloskar Oil Engines' promoters stake divestment

The entities belonging to the late Gautam Kulkarni family and a part of the promoter group of Kirloskar Oil Engines have offloaded nearly 18% stake in the company for Rs Rs 8.3 billion (bn) (about Rs 825 crore) through block deals on Wednesday.

Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni cumulatively sold 2,56,22,987 shares on the NSE at Rs 322 apiece. This is at a discount of about 1% to the previous closing price.

Despite such a big sale, the stock ended 20% higher on the bourse at Rs 390.05 due to strong demand from institutional investors.

Through separate deals, Franklin Templeton, Nomura Trust, Nippon India Mutual Fund, Motilal Oswal Mutual Fund, HSBC Mutual, DSP Mutual Fund, BNP Paribas, Birla Sun Life Insurance, and Max Life Insurance Company have picked up stakes in the engine oil maker.

The 9 institutional investors cumulatively bought 1,88,19,878 shares of Kirloskar Oil for Rs 6.1 bn.

Another Kishore Biyani company's insolvency

The NCLT has admitted Kishore Biyani led Future Enterprises to insolvency resolution on 27 February on a petition by Foresight Innovations over Rs 15.8 million (m) default. The debt-ridden firm will have to be auctioned to recover unpaid dues under the process.

Future Enterprises was part of the 19 group companies operating in retail, wholesale, logistics and warehousing segments, which were supposed to be transferred to Reliance Retail as part of a Rs 24,713-crore deal announced in August 2020.

The deal was called off by billionaire Mukesh Ambani-led Reliance Industries in April last year. It had recently committed several defaults on payment of interest on its several non-convertible debentures.

The NCLT has already initiated insolvency proceedings against Future Group's flagship firm Future Retail. Financial creditors have claimed Rs 210.6 bn from Future Retail while operational creditors have claimed another Rs 2.7 bn.

Bharat Forge's first e-bike manufacturing facility

Bharat Forge share price gained, a day after the company announced that its e-mobility subsidiary, Kalyani Powertrain, inaugurated its first e-bike manufacturing facility at MIDC Chakan.

The facility has a production capacity of 60,000 units per annum and scalable to 100,000 units per annum, will undertake the assembly of e-bikes for Tork Motors, 64.3% owned by Kalyani Powertrain.

Industry experts have highlighted that the ramping up of electric vehicle (EV) and defence businesses are some of the key levers of growth for the company in the next couple of years.

Bharat Forge is one of the top 5 defence companies in India by growth.

VAI classification for Jubilant Pharmanova

Jubilant Pharmova share price is on the rise after the US drug regulator classified the company's Nanjangud facility as voluntary action indicated (VAI).

The United States Food and Drug Administration (USFDA) had inspected company's API manufacturing facility at Nanjangud from 5 December 2022 to 13 December 2022. Upon completion, the USFDA issued eight observations on 14 December 2022.

The company now received a communication from the USFDA through which the regulatory agency assigned the inspection classification of the API facility as 'Voluntary Action Indicated (VAI)'. VAI means USFDA accepted the company's response to its observations.

Based on this inspection and the USFDA VAI classification, the facility is in compliance with regard to current good manufacturing practices (cGMP).

Speaking of USFDA observations, Cipla share price is under pressure after USFDA inspection at it Pithampur facility.

To know more read our editorial on why Cipla share price is falling.

And to know what's moving the Indian stock markets, 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