Sensex Today Ends Flat | Adani Power Jumps 5% | NTPC & Bajaj Auto Top Gainers

Thu, 20 Apr Closing

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After opening the day on a flat note, Indian share markets traded in a rangebound manner throughout the session and ended with minor gains.

Benchmark indices ended flat to positive as high-weightage finance stocks and IT stocks gained momentum.

At the closing bell, the BSE Sensex stood higher by 64 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 7 points.

Tata Motors and NTPC were among the top gainers today.

HUL and Eicher Motors on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,663, up by 9 points, at the time of writing.

The BSE Midcap ended flat while the BSE SmallCap index rose 0.1%.

Sectoral indices ended on a mixed note with stocks in the telecom sector and power sector witnessing buying.

While stocks in realty sector and metal sector witnessed selling.

Shares of ITC and NCC hit their 52-week highs today.

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...

Asian share markets ended the day on a positive note. The Hang Seng rose 0.1%, while the Shanghai Composite index ended flat. The Nikkei edged 0.2% higher.

The rupee is trading at 81.2 against the US$.

Gold prices for the latest contract on MCX are trading higher by 0.1% at Rs 60,370 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading up by 0.2% at Rs 75,615 per kg.

Speaking of stock markets, the recent crash in IT stocks presents an interesting investment opportunity. Want to buy IT stocks, but not sure if the correction is over? Instead, you could use statistical arbitrage to capture the price divergence between TCS and Infosys.

Over the years, savvy investors realised that a strong correlation does exist between certain stocks.

This gave rise to a strategy termed pair trading which involves buying and selling two related stocks simultaneously in order to profit from the difference in their relative prices.

Watch the below video to learn about this strategy and find out if there is such a divergence currently between TCS and Infosys.

Tata Power to install EV stations in Coimbatore

In news from the power sector, shares of Tata Power climbed 2% today after the company announced plans to install electric vehicle (EV) charging stations in Coimbatore, a city in the southern state of Tamil Nadu.

The company aims to set up 50 EV charging stations across the city in the next six months, with each station equipped with fast-charging facilities that can charge an EV in 60 minutes.

This move is part of Tata Power's effort to expand its EV charging network in India, which currently has more than 400 charging stations in over 100 cities.

Note that the electric vehicle (EV) megatrend is a once in a century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.

Shares of India's top renewable energy company, Tata Power, have fallen 11% so far in 2023. To know why, check out our recent editorial - why Tata Power share price is falling.

Zee Entertainment to close Sony merger

Moving on to news from the media sector, Zee Entertainment Enterprises, one of India's largest media companies, has initiated settlement talks with its creditors for a potential merger with Sony Pictures Networks India.

The talks come amid reports that ZEE has been struggling with a debt burden of over US$ 1.5 billion (bn) and is looking to sell off non-core assets and reduce its debt.

According to media reports, the proposed merger with SPNI could help ZEE reduce its debt and improve its financial position. The talks are still at an early stage, and it remains to be seen whether the two companies can reach an agreement on the terms of the merger.

However, if successful, the merger would create one of the largest media companies in India, with a strong presence in both television and digital media.

Zee Entertainment Enterprises is one of India's leading media and entertainment companies.

The share price of the company took a beating in January 2022, declining 12% in a month, and has been falling since then, down 155 in 2023. To know why, check out why Zee Entertainment share price is falling.

ITC hits record high, enters Rs 5 trillion club

In the news from the FMCG sector, ITC hit a fresh lifetime high today.

With the stock price touching new highs, the company has now become the eleventh listed Indian firm to cross Rs 5 trillion (tn) market capitalisation.

ITC shares have risen 55% in the last one year and 5% in the past one month.

The cigarette-to-flour maker is now the eighth-largest company by market capitalisation in India.

Strong improvement in the businesses across verticals and the lower-than-expected impact of the tax hikes on cigarette volumes have been the key drivers for the gains in the stock.

Keeping in view the bullish outlook for earnings growth, foreign portfolio investors (FPIs) increased their ownership in the company in the last quarter. The cumulative holding of Category-I FPIs was 12.87% at the end of the March quarter, up from 12.51% a quarter ago.

GQG Partners, which recently invested Rs 150 bn in Adani Group stocks, increased its holding in ITC in the March 2023 quarter.

ITC is one of the best dividend-paying stocks. We did an editorial back in January 2022 listing the best dividend stocks you can count on.

Apart from that, we also covered an editorial a couple of months ago explaining why the prospects for ITC look good. You can read it here - ITC: Load, Aim...Fire.

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

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Indian Share Market Update: Top Gainers and Losers