Sensex Today Ends 189 Points Lower | IT Stocks Drag | REC Rallies 10%, Hitachi Energy 9%

Tue, 30 Apr Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day on positive note, Indian share markets reversed the trend as the session progressed and ended lower.

Indian benchmark indices came off the day's high in late deals on account of profit-taking ahead of the trading holiday on Wednesday.

Both Indian stock exchanges Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed on 1 May in observance of Maharashtra Day.

At the closing bell, the BSE Sensex stood lower by 189 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 39 points (down 0.2%).

Power Grid Corporation, Hero MotoCorp, and Bajaj Auto were among the top gainers today.

Tech Mahindra, BPCL and Tata Steel on the other hand, were among the top losers today.

The GIFT Nifty was trading at 22,737, down by 29 points, at the time of writing.

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

The BSE MidCap index ended 0.5% higher and BSE SmallCap index ended marginally higher.

Sectoral indices are trading mixed with socks in auto sector, realty sector and power sector witnessing most buying. Meanwhile stocks in metal sector, oil & gas sector and IT sector witnessed selling pressure.

Shares of Polycab India, Eicher Motors, Supreme Industries hit their respective 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...

The rupee is trading at 83.43 against the US$.

Gold prices for the latest contract on MCX are trading 0.9% lower at Rs 70,955 per 10 grams.

Meanwhile, silver prices were trading 1.5% lower at Rs 81,273 per 1 kg.

Speaking of stock markets, Rahul Shah, Co-head of Research at Equitymaster argues that it's better to analyse a company first to determine its intrinsic value before looking at the market price to avoid bias.

We try this technique on a prominent Tata group stock and come away with a surprising result.

Tune in to find out the result.

Why Mannapuram Finance Share Price is Rising

In news from the finance sector, shares of Manappuram Finance surged about 5% to Rs 207 apiece in the afternoon on 30 April after its subsidiary Asirwad Microfinance received the market regulator's go-ahead to launch an initial public offering (IPO).

On 16 February, the non-banking finance company (NBFC) submitted an addendum to the proposed Rs 15 bn IPO of Asirvad Micro Finance to the market regulator.

Asirvad Micro Finance had initially filed a DRHP (Draft Red Herring Prospectus) with the market regulator on 5 October 2023. However, the market regulator had put the IPO on hold in January 2024.

Asirvad, which started in 2008 with two branches in Tamil Nadu, has now expanded to 22 states and 4 union territories through a network of 1,684 branches, data showed. It caters to 3.25 million active borrowers in the microfinance portfolio that constitutes a majority of its assets under management. It also caters to loans against gold and MSME loans.

The IPO will have a face value of Rs 10 per share and a fresh issue of equity shares of up to Rs 15 bn, with no offer-for-sale component.

Manappuram Finance pioneered many gold loan innovations by launching online gold loans in 2015. Moving away from a one-size-fits-all approach, the company introduced options for higher loan amounts at higher price points.

It was also the first company to offer one-day interest, empowering borrowers to settle gold loans at the earliest, when the standard industry norm is seven days or a month.

The share price of Manappuram Finance has shot up by 55.9% in the past 12 months.

It stands among the top Stocks that Benefit from Rising Gold Prices.

Gillette India Rallies 10%. Here's Why.

Moving on to news from the FMCG sector, Gillette India's stock price surged close to 10% on 30 April after the company reported quarterly results for the March quarter on 29 April.

The company's net sales jumped 9.9% to Rs 6.8 bn at the end of March, as compared to Rs 6.2 bn in the same period last year. While its quarterly profit stood at Rs 990.9 m in the fourth quarter, down 3.52% from March 2023, as other income was half of what it was in the year-ago period, the EBITDA stood at around 20%.

The revenue of the grooming segment, which includes razors and trimmers, jumped almost 13.5% providing a boost to sentiments. The EBITDA of the segment jumped by 30%, implying a margin growth of 3% to 21.6%. However, the oral care segment performed badly as the revenue declined by 4%.

The company has improved its distribution network, while the company's female hair removal brand Venus has become a growth driver for the company. The female range has now jumped to around 15% of its grooming sales from around 7-8% in the last year.

The company is engaged in the manufacturing and selling of branded packaged goods in the grooming and oral care businesses.

Gillette reached success because it invested time and energy in learning about the preferences of Indian customers. And it continues to do the same.

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