Sensex Today Trades Higher | Nifty Tops 22,100 | CDSL Tanks 5% on Block Deal

Wed, 27 Mar 10:30 am

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Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders continued to be cautious and look ahead to key U.S. and European inflation readings later in the week.

Wall Street stocks climbed early Tuesday, shrugging off the prior session's decline as the market searches for direction ahead of quarterly earnings season.

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	151.7	0.55	0.36%	153.2	151.03	155.2	100.28
Apple	169.71	-1.14	-0.67%	171.42	169.58	199.62	155.98
Meta	495.89	-7.13	-1.42%	510	495.21	523.57	197.9
Tesla	177.67	5.04	2.92%	184.25	177.38	299.29	152.37
Netflix	629.24	1.78	0.28%	634.39	619.18	634.39	315.62
Amazon	178.3	-1.41	-0.78%	180.45	177.95	181.42	96.29
Microsoft	421.65	-1.21	-0.29%	425.99	421.35	430.82	272.05
Dow Jones	39282.33	-31.31	-0.08%	39439.44	39277.19	39889.05	32276.72
Nasdaq	18210.54	-66.53	-0.36%	18378.7	18207.88	18464.7	12517.87

Source: Equitymaster

At present, the BSE Sensex is trading 330 points lower and NSE Nifty is trading 110 points higher.

Maruti Suzuki, BPCL and Titan are among the top gainers today.

UPL and Wipro 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 id trading 0.5% higher and the BSE Small Cap index is trading 0.8% higher.

Sectoral indices are trading positive, with socks in oil & gas sector, and power sector witnessing buying.

The rupee is trading at Rs 83.34 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 66,125 per 10 grams today.

Meanwhile, silver prices are trading 0.1% lower at Rs 74,430 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:

Infibeam Avenue's Subsidiary to Raise Funds

Infibeam Avenues shares will be in focus on 27 March as the fintech's UAE-based subsidiary is planning to raise around US$ 25 million (m) through a pre-IPO round.

Avenues World FZ-LLC is raising US$ 25 million through a pre-IPO round before potential listing in the UAE capital market with a select group of investors. Consequently, it would cease to be a wholly owned step-down subsidiary of the company post the said fundraising.

The transaction will be completed within the next 45 days, and Vavian International, the wholly owned subsidiary of the company, will continue to hold a 75% stake or more in Avenues World FZ-LLC due to indirect dilution of up to 25% of the post-issue capital.

On 5 March, the AI-powered fintech company received the final authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator under the Payment Settlements Act, 2007 for CCAvenue.

In October 2022, Infibeam Avenues received in-principle approval from the banking regulator to operate as a Payment Aggregator (PA). Now, the RBI has granted the company the final Payment Aggregator licence.

For more details, check out Why Infibeam Avenues Share Price is Rising.

Sanofi Partners Cipla

Sanofi India and Cipla announced on Tuesday an exclusive partnership to boost access to Sanofi's Central Nervous System (CNS) medications across India.

Cipla will leverage its extensive network to distribute Sanofi's CNS portfolio, including Frisium, a leading anti-epileptic drug. Sanofi will retain ownership, import, and manufacture of the CNS products.

Sanofi India's CNS products are leaders in their respective categories. These well-established brands already improve the lives of many patients across urban centres in the country.

Cipla's wide presence will enable us to expand the reach of this portfolio to healthcare professionals and patients across all India.

Apollo Pipes Acquires Stake in Kisan Mouldings

Apollo Pipes on Tuesday acquired 53.6% share capital and voting rights in Kisan Mouldings Ltd (KML) for Rs 1.2 bn.

Under the transaction, Apollo Pipes has secured its position through preferential issue allotment of 6,40,00,000 equity shares at an issue price of Rs 18.5 per share, having a face value of Rs 10 each. As a result of the capital infusion, Kisan Mouldings Ltd has become a subsidiary of Apollo Pipes.

The acquisition aligns seamlessly with Apollo's overarching strategy to fortify its foothold as a premier manufacturer in the Plastic Pipe Industry within India. By integrating KML into its portfolio, Apollo aims to expand its legacy while unlocking synergistic benefits that promise greater market penetration and entry into new end-user segments.

Additionally, the acquisition will facilitate Apollo's geographical expansion, particularly in the Western and Central regions, further leveraging the esteemed KML network for accelerated growth.

KML brings an extensive range of high-quality products, encompassing a wide range of SKU, including plastic pipes and fittings for building and agricultural purposes and cost-effective PVC products, available in various designs, colours, and functionalities, to cater to diverse preferences and purposes, the company added.

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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