Sensex Today Rises 350 Points | Metal Stocks Rally | Asian Paints & Bajaj Finserv Top Gainers

Wed, 15 Mar 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets rose sharply today, tracking a relief rally on Wall Street and as US inflation data delivered no nasty surprises, reinforcing hopes the Federal Reserve will likely go for a smaller rate hike when it meets next week.

The Nikkei is up 0.2% while the Hang Seng is trading higher by 1.3%. The Shanghai Composite is trading higher by 0.7%.

US stocks bounced back on Tuesday as largely on-target inflation data and easing jitters over contagion in the banking sector cooled expectations regarding the size of the rate hike at the Federal Reserve's policy meeting next week.

The Dow Jones Industrial Average ended 1.1% higher while the tech heavy Nasdaq Composite rose 2.3%.

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	94.25	2.59	2.83%	94.83	92.78	144.16	83.45
Apple	152.59	2.12	1.41%	153.4	150.1	179.61	124.17
Meta	194.02	13.12	7.25%	194.32	186.56	236.86	88.09
Tesla	183.26	8.78	5.03%	183.8	177.14	384.29	101.81
Netflix	294.94	1.43	0.49%	297.45	290.31	396.5	162.71
Amazon	94.88	2.45	2.65%	95.07	92.71	170.83	81.43
Microsoft	260.79	6.87	2.71%	261.07	255.86	315.95	213.43
Dow Jones	32,155.40	336.26	1.06%	32,306.59	31,805.40	35,492.22	28,660.94
Nasdaq	12,199.79	276.62	2.32%	12,217.87	12,035.22	15,265.42	10,440.64

Data source: Equitymaster

Back home, Indian share markets are trading on a positive note following the SGX Nifty trend and tracking firm global cues.

At present, the BSE Sensex is trading higher by 377 points. Meanwhile, the NSE Nifty is trading up by 125 points.

L&T, Titan and Asian Paints are among the top gainers today.

Bharti Airtel, HUL and Nestle 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 0.6% and the BSE Small Cap index trading higher by 0.7%.

Sectoral indices are trading on a positive note with the exception of telecom sector. Stocks in the consumer durable sector, capital goods sector and metal sector witness most of the buying.

Shares of Cummins India and Sonata Software hit their 52 week high today.

The rupee is trading at Rs 82.43 against the US dollar.

In the commodity markets, gold prices are trading lower by Rs 76 at Rs 57,407 per 10 grams.

Meanwhile, silver prices are trading lower by 0.5% at Rs 66,621 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, we all know how the unique cost focused business model has allowed D-Mart or Avenue Supermart, to stand out amongst its loss making retail peers as a profitable and sustainable growth oriented business.

Similarly, Co-head of Research at Equitymaster Tanushree believes this company has a business model to be the D-Mart of medical procedures. Like D-Mart, even with affordability as its core objective, the business is scalable, sustainable and shareholder friendly.

Tune into the video below to know more:

Profit booking in Adani group stocks

The rally in Adani group stocks following a spate of positive news flow related to stake sale and prepayment of loans seems to be getting weaker now, with traders booking profits. All 10 Adani stocks were trading in the red zone yesterday.

Embattled billionaire Gautam Adani's flagship entity Adani Enterprises was among the worst affected in the selloff as the Nifty 50 stock tanked up to 6.8% during the day at Rs 1,746.1.

Other top losers in the pack included NDTV, Adani Total Gas, Adani Power, Adani Transmission and Adani Wilmar, as they lost up to 5% each.

Mutual fund data for February shows that fund managers offloaded stakes in Adani Ports, Adani Enterprises, Adani Total Gas, and Ambuja Cements.

Cipla sells stake in Quality Chemical Industries

Indian pharma company, Cipla on Tuesday said it has inked a pact with Africa Capitalworks to sell a 51.2% stake in Uganda-based Cipla Quality Chemical Industries.

The company and its wholly-owned subsidiaries, Cipla (EU) and Mauritius-based Meditab Holdings, have entered into a share purchase agreement with Africa Capitalworks on 14 March.

Subsequent to the sale, Cipla Quality Chemical Industries (CQCIL) will cease to be a subsidiary of the company.

Consideration to be received by Cipla (EU) and Meditab Holdings shall be in the range of US $ 25-30 million (m) (about Rs 2,058.9-2,470.8 m).

The proposed sale is expected to be completed by 31 May 2023.

Africa Capitalworks is a wholly owned subsidiary of Africa Capitalworks Holdings (ACW), an investment management company incorporated in Mauritius.

ACW is engaged in providing permanent equity capital and complementary skills to mid-market companies across Sub-Saharan Africa.

Following the news Cipla share price is rising today. This news comes as a big relief for investors because as of late Cipla share price was under pressure.

NBCC (India) bags a new order

NBCC (India) said it secured a contract worth Rs 5 billion (bn) (about Rs 500 crore) for construction of Government Medical College and Hospital at Karaikal in Puducherry.

The nature of contract is project management consultant (PMC) on deposit work basis.

NBCC (India) provides civil engineering construction services. As on 30 September 2022, the Government of India held 61.8% stake in the company.

The company's consolidated net profit declined 16.3% to Rs 690.9 m despite of 8.1% rise in net sales to Rs 201.2 bn in Q3 of the current financial year over Q3 of the previous financial year.

Why RailTel Corporation share price is rising

RailTel Corporation of India is on the rise after the company received work order from Centre for Development of Advanced Computing (C-DAC) amounting to Rs 2.875.7 m.

Order from C-DAC includes supply, installation, integration, testing & commissioning of IT infrastructure in green field data center at New Delhi and Bengaluru along with training & support.

The contract will be executed within 300 days from the date of work order.

RailTel is a Mini Ratna (Category-I) public sector unit. It is an information and communications technology (ICT) provider and one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive right of way (ROW) along railway track.

As on 31 December 2022, the Government of India holds 72.84% stake in the company.

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