Sensex Today Trades Higher | Nifty Midcap Hits Record High | IT Stocks Shine

Wed, 12 Jun 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian stocks shrugged off a positive US session and opened lower as a double-whammy of US inflation data and the Federal Reserve decision landing later in the day kept traders on edge.

Equities slipped in Japan and Australia, while those in South Korea climbed.

The US stock market recorded a mixed close on Tuesday, albeit with the Nasdaq and S&P 500 rallying to fresh records, driven by Apple shares.

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	178.19	1.56	0.88%	178.39	175.44	179.95	115.83
Apple	207.15	14.03	7.26%	207.16	193.63	207.16	164.08
Meta	507.47	4.87	0.97%	507.6	498.27	531.49	265.33
Tesla	170.66	-3.13	-1.80%	174.75	167.41	299.29	138.8
Netflix	648.55	4.05	0.63%	650.19	640.52	664.25	344.73
Amazon	187.23	0.17	0.09%	187.77	184.54	191.7	118.35
Microsoft	432.68	4.81	1.12%	432.82	425.25	433.6	309.45
Dow Jones	38747.42	-120.62	-0.31%	38795.71	38446.24	40077.4	32327.2
Nasdaq	19210.19	135.51	0.71%	19212.63	18966.56	19212.63	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 243 points higher and NSE Nifty is trading 88 points higher.

ONGC, BPCL and Coal India among the top gainers today.

Asian Paints, HUL and Titan the other hand are among the top losers today.

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.

Broader markets are trading on positive note. The BSE Midcap index is trading 0.7% higher and the BSE Smallcap index is trading 0.8% higher.

Sectoral indices are trading mixed, with socks in metal sector, power sector and oil & gas sector witnessing buying. Meanwhile stocks in consumer durables sector and FMCG stocks witnessing selling pressure.

The rupee is trading at Rs 83.56 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 71,500 per 10 grams 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...

Speaking of stock market, Penny stocks are investor favourites because they can potentially provide huge gains in a short time.

Investing in well-chosen and fundamentally strong penny stocks have the potential to deliver profits greater than 1,000% in 1-3 years.

This is almost impossible in the case of any other category of stocks. This is also the main reason for their popularity.

Sarit Panackal in his latest video talks about how do you find the best penny stocks?

Tune in for list of stocks to ride this opportunity.

TCS Launches IoT Lab

Tata Consultancy Services (TCS) has recently announced the launch of the Bringing Life to ThingsTM Lab in Cincinnati, Ohio.

The lab is designed to support the rapid prototyping, experimentation, and large-scale implementation of AI, GenAI, and IoT engineering solutions, enabling TCS to assist clients in bringing innovative solutions to life faster and more efficiently.

Spanning across 3,000 square feet, this lab will advance the deployment of TCS' comprehensive suite of IoT solutions, including TCS Clever EnergyTM, TCS Digital Manufacturing PlatformTM (DMP) and TCS DigifleetTM, among others.

These solutions cater to various industries, including health care and life sciences, manufacturing, energy and resources, consumer packaged goods, and more.

The lab will also help businesses collaborate and co-innovate, integrating physical assets, partner technologies, and customer challenges to create new offerings and solutions.

The lab also offers TCS' innovative solutions, including the TCS Neural Manufacturing solution, which provides autonomous and intelligent capabilities for factories, and the TCS connected healthcare platform, providing solutions for personalized medicine.

On the demand side, structural shifts such as energy transition, supply chain relocation and AI are requiring significant new production capacity in the United States that is connected, intelligent and autonomous by design.

For more details about TCS, check out This Defensive Sector is Poised for Rapid Growth.

HCL Tech Renews Deal

IT services company HCL Technologies (HCLTech) on Tuesday said it has expanded its partnership with Germany's largest cooperative primary bank Deutsche Apotheker- und rztebank eG (apoBank).

The estimated contract value of the deal is US$ 278 million over 7.5 years.

HCLTech will accompany apoBank with an outcome-oriented managed services model that delivers resilient, scalable, high quality and compliant digital foundation services, enabling apoBank to deliver fast and secured banking services to its customers.

HCLTech is a strategic partner of Avaloq, a provider of banking technology and services, and has strong expertise with Avaloq's core banking system. In 2022, HCLTech acquired Swiss company Confinale, a digital banking and wealth management consulting specialist and Avaloq implementation partner.

Wipro Launches AI Platform

Information technology company Wipro on June 11 announced the launch of the Lab45 Artificial Intelligence (AI) platform, which leverages Generative AI (Gen AI), machine learning (ML), and deep learning technologies to enable companies to enhance efficiencies, transform business functions and enable industry-specific solutions.

The platform allows seamless integration of language and visual processing for generating images from text prompts, as well as the ability to index, parse, and summarise content.

The platform launched by Wipro assumes significance as just last week, its larger rival Tata Consultancy Services launched a platform to help aggregate multiple Gen AI services into a single interface and enable organisations to rapidly adopt next-gen technologies at scale.

With over 1,000 Gen AI agents and more than 10 Gen AI applications, the Lab45 Artificial Intelligence platform offers no code and low code pre-built applications in areas such as human resource (HR), sales, marketing, and operations functions.

It also allows easy creation of industry-specific Gen AI agents and applications.

The AI platform runs on a SaaS (Software-as-a-Service) model and supports various state-of-the-art Large Language Models (LLMs) from leading providers as well as custom deep-learning and other models.

With Application Programming Interface (API)-based access for custom applications, the platform makes it easier for clients to deploy Gen AI to their environments. Select Wipro teams and external users have been using the platform over the past six months and have seen significant productivity gains and time savings.

For example, in quality engineering and testing, recent proof of concepts (PoCs) for Wipro customers in banking, pharmaceutical, telecommunication and other industries globally have shown anywhere from 20-30% improvements across test cases, test scripts, and test result analytics.

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