Sensex Today Trades Higher | Nifty Above 21,850 | Reliance Power Jumps 4%

Wed, 20 Mar 10:30 am

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Asian shares were hesitant on Wednesday on concerns the Federal Reserve could signal a slower path of rate cuts this year, while the yen plumbed a fresh four-month low on expectations that policy in Japan will remain accommodative for a while longer.

MSCI's broadest index of Asia-Pacific shares outside Japan eked out a gain of 0.2%.

US stocks on rose Tuesday as the Federal Reserve kicked off its two-day policy meeting.

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	147.92	-0.56	-0.38%	149.62	147.01	155.2	100.28
Apple	176.08	2.36	1.36%	176.61	173.03	199.62	154.15
Meta	496.24	-0.74	-0.15%	496.63	481.28	523.57	193.64
Tesla	171.32	-2.48	-1.43%	172.82	167.42	299.29	152.37
Netflix	620.74	2.35	0.38%	621.28	608	627.41	293.54
Amazon	175.9	1.42	0.81%	176.09	173.52	180.14	95.7
Microsoft	421.41	4.09	0.98%	421.67	415.55	427.82	269.52
Dow Jones	39110.76	39282.28	31805.18	39282.28	31805.18	39282.28	31805.18
Nasdaq	18032.21	18416.73	12407.82	18416.73	12407.82	18416.73	12407.82

Source: Equitymaster

At present, the BSE Sensex is trading 185 points higher and NSE Nifty is trading 43 points higher.

Eicher Motors, Maruti Suzuki and Bajaj Auto are among the top gainers today.

Hindalco, UPL and Tata Steel 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 positive note. The BSE Midcap index and the BSE Small Cap index is trading flat.

Sectoral indices are trading mixed, with socks in auto sector, and realty sector are witnessing buying. Meanwhile, stocks in metal sector and capital goods sector are witnessing selling pressure.

The rupee is trading at Rs 83.02 against the US dollar.

In commodity markets, gold prices are trading marginally higher at Rs 65,690 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 75,333 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, in 1947 a group of researchers at Bell Labs, a subsidiary of AT&T, invented the transistor, a switch that controls electric current.

Within decade researchers were placing several transistors on a slab of silicon to make a chip.

A thriving industry grew up around California, outsourcing low-value tasks, such as chip assembly, to Asia, where labour was cheaper.

As the market grew, so did interest from America's rivals.

Japanese firms such as Toshiba and Fujitsu managed to take a share of some chip markets.

Decades later China's tech titans reduced the country's dependence on foreign chips.

Now it is India's turn.

Co-head of Research at Equitymaster, Tanushree Banerjee talks about how you could cash in, in her latest video.

Tune in to the below video:

UltraTech Cement Acquires Kesoram Cement

The Competition Commission of India (CCI) has approved UltraTech's acquisition of the cement business of Kesoram Industries and also the purchase of a certain stake of Shriram Investment Holdings Private by Shriram Ownership Trust.

In a statement on Tuesday, the CCI said Kesoram Industries also has businesses in rayon, transparent paper, and chemicals, which are not part of this transaction.

In November last year, UltraTech had said it would acquire Kesoram's cement business in an all-stock deal valued at Rs 53.8 bn, a move that was seen as further bolstering its hold in southern India.

Separately, the anti-trust regulator said Shriram Ownership Trust will buy a 9.44% stake in Shriram Investment Holdings (SIHL) held by APRN Enterprises and another 20% held by Piramal Enterprises (PEL).

SIHL is an unregistered core investment company with a standalone asset size of Rs 39.8 bn and an annual turnover of Rs 18.8 bn as of March 2023.

Madhu Sasidhar Leads Apollo Hospital

Apollo, one of the world's largest vertically integrated healthcare providers, today announced the appointment of Madhu Sasidhar as President and Chief Executive Officer of its hospital division.

In this role, Sasidhar will oversee Apollo's hospital business and will focus on continuing to deliver the world's best clinical outcomes, coupled with enhancing Apollo's hallmark patient care and experience.

Before joining Apollo, Sasidhar held various roles at Cleveland Clinic, including President of Cleveland Clinic Tradition Hospital.

Sasidhar is a practising physician with US board certifications in internal medicine, as well as pulmonary and critical care medicine. He is a published author with numerous contributions to book chapters, journal articles, and peer-reviewed publications.

Sasidhar is also a self-taught programmer with expertise in big data systems and holds a patent through Cleveland Clinic Innovations for a technology he invented.

He completed his medical education at JIPMER, Pondicherry, and pursued further studies in Internal Medicine at St Luke's-Roosevelt Hospital in New York City.

He also completed fellowships in Pulmonary and Critical Care Medicine at Yale University, New Haven, USA, and earned his Global Executive Master's in Business Administration from INSEAD, Fontainebleau, France.

Why HDFC Bank Share Price is Falling

HDFC Bank's share price extended losses for the fourth straight session on Tuesday as the lender is set to see a senior management exit.

The slump today comes as seasoned banker Arvind Kapil is set to leave the lender. He has been appointed as the new managing director and CEO of Poonawalla Fincorp.

Kapil's appointment, effective from June 24, is for a tenure of five years.

Currently serving as HDFC Bank's Group Head overseeing mortgage banking business, Kapil is renowned for his role in managing various loan portfolios, including home loans, loans against property, and HDFC Sales Pvt.

He has been instrumental in leading the retail lending franchise of HDFC Bank, covering areas such as unsecured loans, auto loans, two-wheeler loans, retail working capital loans, and gold loans.

Apart from that, HDFC Bank is gearing up for the long-awaited initial public offering (IPO) of its subsidiary HDB Financial Services. For more details, check out the upcoming IPO of HDB Financial Services: HDFC Bank Can Finally See Value Unlocking.

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

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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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