Sensex, Nifty Trade in Green; IndusInd Bank, Kotak Bank & Nestle Among Top Gainers

Wed, 25 May 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets are mixed today after US stocks retreated on concerns about growth following a profit warning from the owner of Snapchat that shocked the tech sector.

The Nikkei is down 0.1% while the Shanghai Composite gained 0.6%. The Hang Seng is trading up by 0.4%.

In US stock markets, the S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the US economy into recession dampened investors' risk appetite.

A slump in several big companies weighed on sentiment. The Nasdaq fell 2.4% while the Dow Jones gained 0.2%.

Back home, Indian share markets are trading on a flat note.

Benchmark indices opened on a positive note today following the trend on SGX Nifty but erased some gains.

Market participants are tracking shares of Coal India, BPCL, Power Finance and Bata as these companies are scheduled to announce their Q4 results later today.

The BSE Sensex is trading up by 42 points. Meanwhile, the NSE Nifty is trading higher by 22 points.

IndusInd Bank and Kotak Bank are among the top gainers today. Asian Paints, on the other hand, is among the top losers today.

The BSE Mid Cap index is down 0.7%. The BSE Small Cap index is trading lower by 1%.

Sectoral indices are trading mixed with stocks in the banking sector and finance sector witnessing most of the buying.

Consumer durable stocks and IT stocks, on the other hand, are trading in red.

Shares of Choice International and Mehta Housing hit their 52-week highs today.

In this volatile market, several penny stocks are continuously hitting their 52-week highs. But not all are worthy.

If you're new and on the lookout for fundamentally strong penny stocks, check out the list of multibagger penny stocks for 2023.

Crude oil prices rose today, boosted by tight supplies and the prospect of rising demand from the upcoming start of the US summer driving season.

Gold prices are trading down by 0.1% at Rs 51,051 per 10 grams.

Meanwhile, silver prices are trading down by 0.2% at Rs 61,931 per kg.

Speaking of silver, India's #1 trader Vijay Bhambwani talks about silver and why the silver bull market will continue, in his latest video for Fast Profits Daily.

Meanwhile, also take a look at the video we recorded on undervalued stocks.

In the video, we highlight the 5 most undervalued smallcap stocks to add to your watchlist.

In news from the pharma sector, Divi's Lab is among the top buzzing stocks today.

After falling for the past two consecutive sessions, shares of Divi's Lab gained 2% today. However, it quickly erased gains and is trading marginally lower at present.

Since the beginning of 2022, Divi's Lab has been under pressure.

Many pharma companies like Dr Reddy have declared their Q4 results. It can be seen from their results that the pharma sector performed exceptionally well in financial year 2021-22.

The primary reason why Divi's Lab is falling is that the high growth it saw last year seems unsustainable going forward.

The profit margins were also running high due to Covid-19. Now, with the Covid-19 situation normalising everywhere, it is expected the company will face a lower growth base and reduced margins.

In other news, Zomato is also buzzing today. After rallying the most since listing in the previous session, Zomato shares were back on a selling spree and fell 6%.

Note that earlier this month, Zomato came close to value investor Aswath Damodaran's buy price of Rs 41.

In July last year, the valuation guru wrote in his blog that Zomato's true value should be just Rs 41 per share.

It appears Damodaran's price was justified after all as shares of Zomato nearly came to the levels he suggested.

Have a look at the chart below which will show you the journey of Zomato since listing.

Moving on to latest developments from the IPO space, Oyo is looking to launch its initial public offer (IPO) after September this year and has written to the market regulator seeking to file updated and restated consolidated financial information.

The hospitality and travel-tech firm is now prepared to settle for a lower valuation of around US$7-8 bn against the earlier decided US$11 bn.

Oyo had filed preliminary papers with the watchdog to raise Rs 84.3 bn through an initial share sale in October last year.

In a letter to the regulator, Oravel Stays, which runs Oyo, has sought permission to include restated financial statements for the six-month periods ending 30 September 2022, 30 September 2021, and 30 September 2020.

In other news, the IPO of Aether Industries was off to a slow start on the first day of the bidding process on Tuesday.

According to data, investors made bids for 30,41,635 equity shares or 33% as of 5 PM yesterday compared to 93,56,193 equity shares on offer.

The quota for retail bidders was subscribed 42%, whereas the allocation for non-institutional bidders was subscribed only 5%.

The qualified institutional buyers (QIBs) portion was subscribed 36% so far.

The issue will remain open till Thursday, 26 May. The company is selling its shares in the range of Rs 610-642 apiece to raise Rs 8.1 bn through the primary route.

We will keep you updated on the latest developments from this space. Stay tuned.

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