Sensex Today Trades Lower | Vodafone Idea Slips 3% | HCL Technologies & Infosys Top Losers

Wed, 17 May 10:30 am

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Asian shares markets are trading on a mixed note today following better-than-expected Japan's economic growth.

The Nikkei is trading higher by 0.8% and the Hang Seng index is trading 0.6% lower. The Shanghai Composite is down 0.2%.

US stock indices closed lower on Tuesday after a disappointing forecast from Home Depot and US retail sales data for April pointed to softer consumer spending, while uncertainty about interest rates and debt limit negotiations weighed on sentiment.

The Dow Jones Industrial Average ended 1% lower and the tech heavy Nasdaq Composite ended marginally higher.

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	120.09	3.13	2.68%	121.20	116.83	123.26	83.45
Apple	172.07	0.00	0.00%	173.14	171.80	176.15	124.17
Meta	238.82	-0.04	-0.02%	239.64	235.52	244.92	88.09
Tesla	166.52	0.17	0.10%	169.52	164.35	314.67	101.81
Netflix	333.75	-2.14	-0.64%	335.17	331.91	379.43	164.28
Amazon	113.40	2.20	1.98%	114.79	111.05	146.57	81.43
Microsoft	311.74	2.28	0.74%	313.71	309.83	313.71	213.43
Dow Jones	33,012.14	-336.46	-1.01%	33,290.85	33,006.19	34,712.28	28,660.94
Nasdaq	13,426.02	12.51	0.09%	13,498.44	13,384.77	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 147 points lower. Meanwhile, the NSE Nifty is trading down by 47 points.

Benchmark indices opened in the green today. However, as the session progress gains were erased.

IndusInd Bank and Bharti Airtel are among the top gainers today.

HCL Technologies and Wipro 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 positive note. The BSE Mid Cap index is trading marginally higher and the BSE Small Cap index is trading 0.5% higher.

Sectoral indices are trading on a mixed note. Stocks in the capital goods sector, and industrial sector witness buying.

On the other hand, stocks in the realty sector and IT sector witness selling.

Shares of Cera Sanitary and Polycab India hit their 52-week high today.

The rupee is trading at Rs 82.34 against the US dollar.

In commodity markets, gold prices are trading higher by 143 to Rs 60,387 per 10 grams today.

Meanwhile, silver prices are trading higher marginally at Rs 72,661 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, 'sell in May and go away', is an old saying in the stock market.

But does it have merit? Does it work in the Indian market? What do the charts say?

In the below video chartist Brijesh Bhatia answers these questions.

Earning consistent returns in a volatile market

2022 was a wild, turbulent, and volatile year for the stock market. During these tough times, a smart man is the one who managed to earn consistent returns and not just some windfall gains.

Unless a brutal bear market scares you out of your systematic monthly investments, they are one of the most effective ways to benefit from the long term stock market growth story.

Let us consider a systematic investment plan of Rs 1,000 every month into the Sensex between 2011 and March 2020 i.e. you start on 31 December 2010 and end on 31 March 2020.

December 2010 was a bull market top as the Sensex never closed the year higher two years prior to it and till three years later.

Likewise, March 2020 can be considered as a bear market bottom because that was the time the market crashed on account of the pandemic.

Thus, when it comes to timing, you were investing at a bull market top and exiting at a bear market bottom, the worst case scenario possible.

So, what was the performance like?

Well, not so great to be honest. You would have earned an annual return of 6.6% on your investments. Throw in a couple of percentage points of dividends and the returns climb to around 8%.

However, this is India, and 8% annual returns doesn't quite cut it.

There is a silver lining though. Had you persisted for another 15-18 months, your returns would have climbed to an impressive 14.4%. Throw in dividends and you get a pretty respectable 16%-17%.

Here's how your journey would have progressed.

An investment of Rs 1.3 lakh spread over 129 months would have swelled to close to Rs 3 lakhs.

To know more about the magic of SIPs read our editorial on: how to earn 15% returns even if the market is at all-time highs.

Triveni Turbine Q4 results

Triveni Turbine on Tuesday posted a 68.5% YoY jump in its consolidated net profit at Rs 556 million (m) during the March 2023 quarter, boosted by higher revenues.

It had clocked Rs 330 m net profit during January-March quarter of financial year 2021-22.

The company's revenues from operations also rose by 56.3% YoY to Rs 3,698 m from Rs 2,366 m in the year ago quarter.

On the order booking front, the company's performance has been the highest ever with total order booking of Rs 16.1 bn.

The contribution of exports in total turnover has increased to 45% in financial year 2022-23 from 30% in financial year 2021-22.

The company is a leader in industrial steam turbines in India and also among the leading manufacturers of industrial steam turbines globally.

Healthy quarterly results may pull out Triveni Turbine share price out of its misery because as of late Triveni Turbine share price was falling.

TCS vs Intellect Design

Reportedly, top IT companies, TCS and Intellect Design Arena are in the race for a contract for the development of an advanced version of the public procurement portal government e-marketplace (GeM).

The government invited tenders for new GeM portal development work in February-March this year and after scrutiny of the bids, TCS and Intellect Design Arena qualified in the technical stage.

The government had set a pre-condition for the bidders to have a special certificate to qualify for the GeM portal tender.

GeM was launched by the commerce ministry in August 2016 for online purchases of goods and services by all the central government ministries and departments.

The task of development and maintenance of the GeM portal was awarded to Intellect Design Arena and Infibeam in July 2017. The duration of the contract was for five years, which is ending this year.

To know what's moving the Indian stock markets, 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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Indian Share Market Update: Top Gainers and Losers