Sensex Today Ends 418 Points Higher | Tata Communications Jumps 8% | ITC & Titan Top Gainers

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After opening the day on positive note, Indian share markets continued their momentum as session progressed and ended higher.

Benchmark indices ended higher on buying across sectors as investors' risk appetite improved after the latest macroeconomic prints showed India's inflation eased further while economic growth picked pace.

At the closing bell, the BSE Sensex stood higher by 418 points (up 0.7%).

Meanwhile, the NSE Nifty closed up by 114 points (up 0.6%).

Cipla, ITC, and Titan were among the top gainers today.

M&M, HCL Tech and Adani Enterprises on the other hand, were among the top losers today.

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

The SGX Nifty was trading at 18,776, up by 77 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index ended 1.1% higher while the BSE SmallCap rose by 0.8%.

All sectoral indices ended the day on a positive note with stocks in the realty sector, FMCG sector and metal sector witnessing most of the buying.

Shares of MRF and Nestle hit their 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...

Asian stock markets ended on a positive note. The Nikkei ended higher by 1.8%, while the Hang Seng rose 0.6%. The Shanghai Composite ended marginally higher.

The rupee is trading at 82.38 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 59,755 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 0.5% higher at Rs 73,361 per kg.

Speaking of stock markets, is AI going to eat the lunch of the average retail investor? AI or Artificial Intelligence is one of the hottest topics of discussion these days.

You see, the computers that we have used up till now weren't capable of thinking on their own. Their outputs were entirely based on a set of instructions or the code as they are called in the technical language.

To put it crudely, no matter how fast or how efficient the computer, it is still a calculating machine at its core. However, AI is a different beast altogether.

It is an intelligence that has been inspired by the natural or the human form of intelligence. In other words, it tries to mimic the human brain. In that case, will it pose a threat to the average retail investor? Will AI impact long term return for the small investor?

Rahul Shah, co-head of research at Equitymaster, answers all these question in the below video.

L&T's order win

In news from the engineering sector, engineering and construction conglomerate Larsen and Toubro on Tuesday secured an offshore project from a prestigious overseas client for the hydrocarbon business.

The scope of work comprises Engineering, Procurement, Construction & Installation for new offshore structures.

Organized under Offshore, Onshore, Construction Services, modular fabrication and advanced value engineering & technology (advent) verticals, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers.

L&T Energy Hydrocarbon is currently executing several domestic and international offshore projects and is committed to growing its regional presence in the geographies.

Note that L&T has rewarded investors with 10 bonuses over the last 7 decades and the CAGR over the last 20 years stands at an impressive 25.6%.

L&T has been an investor's favorite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. For more details, check out L&T's next big leap in the green hydrogen space.

Why Greaves Cotton share price is rising?

Moving on, shares of Greaves Cotton jumped 2% today after the company partnered with Bike Bazaar Finance to provide flexible financing options for the electric three-wheeler portfolio.

Greaves Electric Mobility Private Limited (GEMPL), the electric vehicle arm of Greaves Cotton, agreed with Bike Bazaar Finance, an RBI-registered nonbanking finance company that specialises in retail financing of pre-owned and new vehicles.

Under the agreement, Bike Bazaar Finance will finance GEMPL's ELE-branded L3 electric vehicles. This partnership will initially take effect in Uttar Pradesh and Bihar, with plans to expand nationwide soon.

This collaboration will benefit both GEMPL and Bike Bazaar Finance, as well as customers. Customers can get up to 85% of the on-road price as a loan under this partnership.

The company is an over decade old company and has a presence in the electric 2-wheeler and 3-wheeler segments.

Note that the electric vehicle (EV) megatrend is a once in a century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.

It remains to see how all this pans out.

Why Inox Wind Energy zoomed 19% today?

Moving on, Shares of Inox Wind Energy shot up 19%, hitting a 52-week high of Rs 2,150, reacting to the announcement of the company's merger with parent Inox Wind.

The company will merge with the parent Inox Wind through a share swap. For every 10 share warrants of Inox Wind Energy with an issue price of Rs 847 each, 158 share warrants of Inox Wind.

This consolidation aims to simplify and streamline the group's structure by reducing the number of listed entities.

The company is engaged in the business of manufacturing Wind Turbine Generators and is a wind energy solutions provider.

Inox Wind Energy was incorporated to engage in the business of generation and sale of wind energy, providing services for EPC of wind farms and holding a strategic business interest in Renewable Energy.

Note that renewable energy is the future, and here are 5 ways to play this opportunity.

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

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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