Sensex Today Trades Lower | Apollo Tyre Slips 4% | Axis Bank & SBI Top Losers

Wed, 10 May 10:30 am

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Asian shares markets are trading lower today ahead of the critical inflation report. The US debt ceiling impasse further dampened investor sentiment.

The Nikkei is trading lower by 0.5% and the Hang Seng index is trading 0.7% lower. The Shanghai Composite is down 1.4%.

US stock indices closed lower on Tuesday as investors grew more cautious ahead of a US consumer price index report and a meeting between US political leaders to discuss the debt ceiling.

The Dow Jones Industrial Average ended 0.2% lower and the tech heavy Nasdaq Composite ended 0.7% lower.

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	107.94	-0.30	-0.28%	110.60	107.73	123.26	83.45
Apple	171.77	-1.73	-1.00%	173.54	171.60	176.15	124.17
Meta	233.37	0.10	0.04%	235.88	231.08	244.92	88.09
Tesla	169.15	-2.64	-1.54%	169.82	166.56	314.67	101.81
Netflix	332.14	0.93	0.28%	336.32	329.74	379.43	162.71
Amazon	106.62	0.79	0.75%	106.79	105.16	146.57	81.43
Microsoft	307.00	-1.65	-0.53%	310.04	306.31	311.97	213.43
Dow Jones	33,561.81	-56.88	-0.17%	33,656.40	33,509.72	34,712.28	28,660.94
Nasdaq	13,201.11	-90.53	-0.68%	13,254.81	13,193.88	13,720.91	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a negative note following the trend on SGX Nifty.

At present, the BSE Sensex is trading lower by 162 points. Meanwhile, the NSE Nifty is trading down by 41 points.

IndusInd Bank and Power Grid are among the top gainers today.

SBI and Axis Bank on the other hand are among the top losers today.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

Broader markets are trading on a negative note. The BSE Mid Cap index is trading 0.4% lower and the BSE Small Cap index is trading lower by 0.3%.

Sectoral indices are trading on a negative note with the exception of FMCG sector and oil and gas sector. Stocks in the banking sector, finance sector and metal sector witness selling.

Shares of ABB India and Varun Beverages hit their 52-week high today.

The rupee is trading at Rs 82.04 against the US dollar.

In commodity markets, gold prices are trading lower by 144 to Rs 61,275 per 10 grams today.

Meanwhile, silver prices are trading lower by 0.1% at Rs 77,348 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, the electrification of vehicles is not just a narrative anymore, but a megatrend that has taken over in the country. The major trigger has been a decline in the battery cost.

Then we have policy tailwinds - PLI schemes, carbon commitments, subsidies, and investment in EVs by corporates.

It's like little pieces coming together to make this vision a reality, especially in the two-wheeler segment.

Take a look at the chart below, which shows the massive opportunity in the two-wheeler EVs.

It remains to be seen how the above developments pan out.

A few months ago, Richa Agarwal, research analyst at Equitymaster, shared the names of some lesser-known pick and shovel chemical plays that could gain from EV megatrend.

After chemical plays, the next theme in focus is a specific segment of the EV ecosystem, i.e., the EV batteries and the companies that could be potential beneficiaries.

Tune into the below video to know more about such potential beneficiaries of the EV megatrend.

Dalmia Bharat enters into a MoU with the Assam government

Dalmia Cement Bharat has entered into a memorandum of understanding (MoU) with the Assam government to support the creation of 2500 jobs and invest close to Rs 46 billion (bn) in the state.

With government support, the cement company wants to encourage industrial activity in the state and be a committed partner in the region's overall development, it said in a statement.

Managing director and CEO Mahendra Singhi, expressed sincere gratitude and appreciated the diligent efforts made by the entire state and its government in bringing about industrial development and fostering partnerships which are creating millions of livelihood opportunities for the people of Assam.

The North-East region has showcased a very forward-learning mindset, being one of the fastest adaptors of low-carbon cement i.e., blended cement.

The penetration of low carbon green cement is in line with the company's vision of becoming carbon negative by 2040 and further intensifies its commitment towards the grey to green movement.

Vedanta's welcomes Terry Daly in its semiconductor business team

On Tuesday Vedanta announced that it appointed Terry Daly as an advisor for its semiconductor business. Daly will provide strategic counsel and inputs as Vedanta looks to establish a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit in India.

Before joining Vedanta, Daly served as an independent consultant in the microelectronics industry. He was earlier senior vice president at Global Foundries, where he held positions as head of strategy and corporate development, chief of staff, and head of corporate program management.

He was instrumental in establishing a strategic alliance on advanced technology with Samsung and in the acquisition of IBM's microelectronics business.

Daly also spent 26 years at IBM, the majority in the company's semiconductor division, where he held multiple roles.

Vedanta is actively recruiting talent from the semiconductor industry globally.

In February, Vedanta-Foxcon Semiconductors appointed industry veteran David Reed as CEO, and in April, the company welcomed Lawrence (Wong Chee Yoong) as senior director - Human Resources. The company continues to build a team of highly experienced personnel for its semiconductor business.

Market regulator issues notices to PTC India

Reportedly, India's market regulator has issued legal notices to government owned PTC India and its financial services unit PTC India Financial Services, demanding explanations of alleged corporate governance lapses.

PTC India, a power trading company, and PTC India Financial Services, a finance company, are given 21 days to reply to the show cause notice. A show cause notice requires the entity to explain before the market regulator why action should not be taken against it.

The reports further stated that in an investigation carried out by the market regulator it found preliminary evidence of alleged violations of governance, and listing norms.

Following the company's response to the show cause notice, the market regulator will pass a final order, with possible consequences ranging from monetary penalties to a ban from capital markets.

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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Indian Share Market Update: Top Gainers and Losers