Sensex Today Hits Fresh Records | Nifty Above 23,600 | RCF Rallies 8%

Wed, 19 Jun 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian shares rose to their highest in three weeks on Wednesday, buoyed by a rally in tech stocks, while the dollar wobbled after soft US retail sales data reinforced expectations of the Federal Reserve cutting rates later this year.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.72 per cent higher, with the tech stocks in the region up 1.6 per cent at a record high.

The S&P 500 rose to a fresh record as artificial intelligence darling Nvidia continued its march to new highs, topping Microsoft as the most valuable public company.

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	176.45	-2.33	-1.30%	178.91	175.62	182.08	115.83
Apple	214.29	-2.38	-1.10%	218.63	213	220.2	164.08
Meta	499.49	-7.14	-1.41%	506	495.02	531.49	274.38
Tesla	184.86	-2.58	-1.38%	187.2	182.37	299.29	138.8
Netflix	685.67	9.84	1.46%	687.06	674.64	687.06	344.73
Amazon	182.81	-1.25	-0.68%	184.29	181.43	191.7	118.35
Microsoft	446.34	-2.03	-0.45%	450.14	444.89	450.94	309.45
Dow Jones	38834.86	56.76	0.15%	38936.93	38727.67	40077.4	32327.2
Nasdaq	19908.86	6.11	0.03%	19940.5	19837.86	19977.84	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 213 points higher and NSE Nifty is trading 41 points higher.

ICICI Bank, Axis Bank and JSW Steel among the top gainers today.

Adani Enterprises, BPCL 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 negative note. The BSE Midcap index is trading 0.4% lower and the BSE Smallcap index is trading 0.7% lower.

Barring banking sector all other sectoral indices are trading negative today, with socks in power sector and telecom sector witnessing most selling.

The rupee is trading at Rs 83.38 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 71,690 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 the stock market, in a recent video, Rahul Shah, Co-Head of Research at Equitymaster, discusses the essential quality for a successful investor aiming to outperform the market index by at least 5% annually.

Drawing inspiration from legendary investors like Warren Buffett, Shah emphasizes the importance of strategically adjusting one's investment style, shifting between aggressive and defensive approaches and selecting high-quality stocks at attractive valuation.

The author recommends using the Sensex PE ratio to determine when to be aggressive (PE < 20) or defensive (PE > 22) in the Indian stock market.

Tune into below video for more details.

Vedanta Resources to Trim Debt

Mining major Vedanta Limited informed investors in its latest annual report that Vedanta Resources, the UK-based parent entity will look to reduce debt by US$ 3 billion (bn) over the next three years. The company expects a disciplined capex across its projects to generate a healthy return on capital (ROCE).

The debt on Vedanta Resources' books stands at US$ 6 bn as of FY24.

In the last two years, Vedanta Resources has managed to cut its debt by US$ 3.7 bn.

For FY25, Vedanta Ltd has planned a capex of US$ 1.9 bn and intends to reduce the working capital requirement.

Vedanta Ltd is in the middle of an ongoing demerger and plans to expand capacities for the steel and aluminium business.

In the annual report, Vedanta has forecast its aluminium business to generate over US$ 4 bn in EBITDA and expects the expansion of BALCO to be commissioned in H2FY25.

The company is hopeful of monetisation of the steel and raw materials business and expects it to be completed by H1FY25.

Hindustan Zinc has projected a 20% year-on-year rise in domestic sales for this fiscal.

The company is aiming to operationalise the captive coal blocks in Radhikapur West and Kuraloi North, both in Odisha, this financial year.

Over the next two years, two new thermal power projects will commence operations, Vedanta added.

Tech Mahindra to Leverage M&M's Network

The Mahindra group aims to "unlock the full potential" of Tech Mahindra through cross-selling and synergies within the group, M&M said during an India investor meeting last week.

The comments come at a time when Tech Mahindra, India's fifth-largest IT firm, is grappling with slowing growth and margins. Tech Mahindra is planning to leverage the group relationships to expand its network, the company said in a presentation to investors. Apart from continuing to service the parent group for its technology requirements, it will leverage the parent's buying power to sell its services to the sellers of the Mahindra group, it said in an additional presentation at the group investor meeting which was also filed with the BSE.

The company has a strong presence across auto original equipment manufacturers, T1 (tier-1), industrial, process manufacturing and A&D (aerospace and defence).

Infosys Announces Incentive Package

As Infosys aims to strengthen its operations in Karnataka's Hubballi, the IT company is offering a lucrative transfer policy to incentivise its employees to relocate to the tier-2 city.

This is a part of Infosys' strategic intent to establish offices in several tier-2 cities, including Indore, Navi Mumbai, Nagpur, and Coimbatore in 2023.

The transfer policy reportedly targets employees handling project deliveries from any of Infosys development centres across India.

Only employees in band 2 and above are being targeted.

According to this transfer policy, employees at band three and below are entitled to receive an initial relocation allowance of Rs 25,000. This will be followed by an additional Rs 25,000 every six months for the next two years, culminating in a total of Rs 125,000 after 24 months.

However, for Infosys employees at higher bands than 3 (4 through 7), the relocation allowance can go up to Rs 80,000, inclusive of the initial relocation allowance, by the end of the same period.

This initiative aims to draw employees from the Mumbai-Karnataka region to consider opportunities in Hubballi.

It also allows the employees to continue working on their current projects from Hubballi, thereby optimising the use of the facility's modern infrastructure and reducing operational costs.

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