SGX Nifty Down 82 Points | GAIL's Agreement with Shell Energy | PLI Scheme for Steel Companies | Top Buzzing Stocks Today

Mon, 20 Mar Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Friday last week, Indian share markets ended on a firm note for the second straight day.

Benchmark indices closed higher in a day filled with volatility, tracking a rebound in global equities after a slew of measures to support the global banking system eased worries about a crisis in the financial sector.

At the closing bell on Friday, the BSE Sensex stood higher by 355 points (up 0.6%).

Meanwhile, the NSE Nifty closed higher by 114 points (up 0.7%).

HCL Technologies, Nestle India, and Tata Steel were among the top gainers.

ITC, Maruti, and NTPC on the other hand, were among the top losers.

The BSE Midcap index rose 0.3% while the BSE SmallCap index ended higher by 0.7%.

Sectoral indices ended on a positive note on Friday with the exception of FMCG sector and auto sector. Stocks in the banking sector, and metal sector witnessing most of the buying.

Shares of Godrej Consumer, and KPIT Technologies hit their 52-week high.

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 was trading at 82.53 against the US$.

Gold prices for the latest contract on MCX were trading 0.5% higher at Rs 58,292 per 10 grams at the time of Indian market closing hours on Friday.

At 7:50 AM today, the SGX Nifty was trading down by 82 points or 0.5% lower at 17,080 levels.

Indian share markets are headed for a negative opening today following the trend on SGX Nifty.

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:

Top buzzing stocks today

Gail (India) share price will be in focus today.

Gail (India) signed an agreement with Shell Energy India to explore ethane sourcing and other opportunities along the energy value chain. GAIL is planning to import ethane from the US to replace natural gas and naphtha as feedstock at petrochemical plants.

The company last month floated a tender to hire a very large ethane carrier (VLEC) for 20 years starting mid-2026 for importing ethane from the US.

The ship with capacity of 80,000 to 99,000 cubic metres is targeted to take deliveries from the US ports of Marcus Hook, Nederland, Morgan's Point or Beaumont and deliver ethane at Dahej or Hazira in Gujarat or Dabhol in Maharashtra.

Rail Vikas Nigam share price will also be a top buzzing stock.

On Friday, the company announced that it has secured contract for the supply, installation, testing, and commissioning of various 11 KV line-associated works in Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles of MPPKVVCL in the Jabalpur company area. RVNL was the lowest bidder.

RVNL director of operations Rajesh Prasad recently said that the company's order book was projected to reach between Rs 75,000 and 1 trillion (tn) in financial year 2024, with 20% of the orders being obtained through bidding.

Why Sterling Tools share price is rising

Sterling Tools share price rallied 10% on Friday to hit an over five-year high of Rs 392.6 on strong business outlook. The stock of auto ancillary company surpassed its previous high of Rs 390.6, touched on 3 February 2023.

In past six months, the stock has zoomed 76%, as compared to 1.5% decline in the S&P BSE Sensex. Further, in past one year, it has skyrocketed 160%, as against a marginal 0.2% gain in the benchmark index.

Sterling Tools is the 2nd largest automotive fastener manufacturer in India, with a well-diversified presence across all automotive segments and customers. It entered the electric vehicle (EV) space in 2020 and has become one of the largest e-two wheeler motor control unit (MCU) supplier in India.

The EV theme is the next big thing in the industry and the company is well positioned to expand out footprint in that vertical. The turnover in this vertical touches Rs 1.2 bn in April-September in financial year 2022-23 as compared to Rs 70 m in corresponding period year ago.

The management said the company continues to focus on increasing sales in the EV vertical by catering to new OEMs, developing new products and sharpening its engineering capabilities. This strategy will enable the company to expand its footprint and grab market share, the management said.

With minimum capex requirement and strong cash flows, the management has guided for a growth of 15-18% in financial year 2023-24. Margins were impacted in financial year 2021-22 due to company's limited ability to pass on inflationary pressures.

PLI scheme for steel companies

Last week, metal stocks were falling initially but there was some rebound. Investors rushed to buy steel stocks on Friday with steel manufacturers signing contracts with the government for product linked incentive (PLI) scheme.

Reportedly, the government is planning to introduce the second edition of the PLI scheme for specialty steel to boost production of value-added steel in the country, Union Minister of Steel Jyortiraditya Scindia said at the PLI Scheme for specialty steel memorandum of understanding (MoU) signing event.

As many as 27 steel companies signed 57 memoranda of agreements with the steel ministry at the event to produce coated or plated steel products, high-strength or wear-resistant steel, specialty rails, alloy steel products, steel wires and electrical steel, according to the reports.

These products have a broad range of applications in the white goods, automobile and defence sectors, industrial machinery, and so on.

This will bring in an additional investment of Rs 300 bn in the domestic steel sector, leading to a capacity addition of 25 m tonne per annum.

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