Sensex Today Trades Higher, Nifty Above 18,750 | Hindalco & ITC Top Gainers | IKIO Lists At 37% Premium

Fri, 16 Jun 10:30 am

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Asian shares are trading on a positive note today, tracking dovish signals from the two largest central banks in the region, as the Bank of Japan maintained ultra-low interest rates and as the People's Bank of China began trimming borrowing costs.

The Nikkei is trading marginally higher and the Hang Seng index is trading higher by 0.7%. The Shanghai Composite is trading 0.4% lower.

US stocks ended higher on Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear.

The Dow Jones Industrial Average ended 1.3% higher , and the tech heavy Nasdaq Composite ended 1.1% higher.

Here's a table showing how US stocks performed on Thursday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	125.79	1.41	1.13%	126.16	123.14	129.55	83.45
Apple	186.01	2.06	1.12%	186.52	183.78	186.52	124.17
Meta	281.83	8.48	3.10%	283.99	271.42	283.99	88.09
Tesla	255.9	-0.89	-0.35%	258.95	247.29	314.67	101.81
Netflix	445.27	4.41	1.00%	448.65	439.5	448.65	169.7
Amazon	127.11	0.69	0.55%	127.69	124.32	146.57	81.43
Microsoft	348.1	10.76	3.19%	349.84	337.2	349.84	213.43
Dow Jones	34,408.06	428.73	1.26%	34,488.98	33,945.98	34,712.28	28,660.94
Nasdaq	15,185.48	179.78	1.20%	13,828.17	13,561.37	13,828.17	10,088.83

Data source: Equitymaster

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

At present, the BSE Sensex is trading higher by 285 points. Meanwhile, the NSE Nifty is trading up by 80.5 points.

Hindalco and Bajaj Finserv are among the top gainers today.

BPCL and TCS on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.5% higher and the BSE Small Cap index is trading higher by 0.8%.

Sectoral indices are trading on a mixed note with stocks in the capital goods sector and banking sector witnessing most buying. While stocks in the IT sector and oil & gas sector are witnessing selling pressure.

Shares of Nestle and Britannia hit their 52-week high today.

The rupee is trading at Rs 81.92 against the US dollar.

In commodity markets, gold prices are trading higher by 0.2% at Rs 59,260 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 72,105 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 stock price of US tech company Nvidia have soared by 25% after the management predicted a massive boom in demand for its computer chips in the latest earnings call.

The company expects to meet the needs of AI products such as ChatGPT.

Can Indian investors profit from such AI led boom in stock markets?

Co-head of Research at Equitymaster Tanushree Banerjee, answers this in the video below.

The latest on TVS Motor

TVS Motor Company, on Thursday, sold its entire holding constituting a 43.54% stake in Emerald Haven Realty.

The company has sold its entire holding of 111,219,512 shares.

Further, the Indian Navy, in continuation with celebrating its 'Azadi ka Amrit Mahotsav', has partnered with TVS Motor Company, a reputed manufacturer of two and three-wheelers, to embark on a motorcycle expedition in Ladakh.

Through the journey, over 34 officers would ride the TVS Apache RTR 200 4V and TVS Apache RR 310 motorcycles, passing through Chandigarh, Jammu, Srinagar, Kargil & Nubra before reaching Leh.

The ride is aimed at culminating at the National War Memorial on 12 July 2023 after covering a total distance of about 5,600 km.

Bajaj Auto and TVS Motors soar to new highs. To know whether their dream run continues, check out our editorial- Can Bajaj Auto and TVS Motors Continue to outperform?

The company is one of the best two-wheeler EV stocks in India.

TVS Motor manufactures a wide range of two-wheelers from mopeds to racing-inspired motorcycles. The company also manufactures three-wheelers.

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.

Wipro opens 5G innovation centre

Wipro announced the opening of its new 5G-Def-i Innovation Center in Austin, Texas, which will be its first testing facility in the US.

The centre will offer clients advanced 5G testing capabilities as well as mission-critical support.

The centre will leverage Wipro's 5G Def-i platform and provide fully integrated offerings for 24X7 product qualification, compliance, pre-certification, and interoperability testing with industry accreditation.

The state-of-the-art centre will provide a controlled environment designed to simulate real-world conditions, allowing clients to optimize the performance of 5G networks and devices.

Wipro engineers and researchers will use the centre to certify the compliance of 5G smartphones, tablets, modules, and IoT endpoints with rigorous standards for network accessibility and data performance.

Additionally, the centre will play a vital role in qualifying the performance of 5G mobile network infrastructure, ensuring optimal functionality and efficiency.

The innovation centre will focus on services such as collaboration, research and development, and incubation to help customers develop new products and services to drive growth and success.

Interactive demos will provide a platform for understanding how 5G can help drive innovation, transform industries, open doors to new opportunities, and empower customers to exchange innovative ideas and joint solutions to accelerate 5G technology adoption.

Wipro is one of the leading global IT, consulting and business process services companies.

The shares of the company have lost around 28.3% between 1 April 2022 to 1 April 2023. To know why, check out the editorial: why Wipro shares are falling.

Persistent Systems opens Texas PE hub

Persistent Systems, a digital engineering firm based in India, is launching a global private equity hub in Plano.

The centre will expand the company's onshore footprint and strengthen its presence in the rapidly evolving PE market by providing expertise across the full asset lifecycle for global PE firms and their portfolio companies.

The Dallas-Fort Worth area is the third-largest market for PE firms in the US after New York and Chicago.

It will serve as a source of playbooks for secure corporate carve-out, rapid globalization, cost rationalization, and product acceleration.

The comapny will work with its clients to create digital platforms, like software or apps, for tech, banking and healthcare firms.

The company's services are tailored to meet needs of each client and are aligned with their value creation objectives.

The company has an edge in cloud-native application development, analytics and AI, cloud engineering, migrations, and managed services. It has been awarded and highly recognized for its analysis and AI capabilities.

The company has remained a consistent dividend payer. Since 2010, the company has declared 28 dividends, making it among the top AI stocks which pay good dividends.

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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