Sensex Today Ends 141 Points Higher | Nifty Tops 23,560 | Private Bank Stocks Shine

Thu, 20 Jun Closing

   Previous Close   

   Pre-Open   

   10:30 am   

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

Benchmark indices remained volatile all through the day on Thursday, swinging between gains and losses, and investors adjusted their position amid the weekly F&O expiry.

At the closing bell, the BSE Sensex stood higher by 141 points (up 0.2%).

Meanwhile, the NSE Nifty closed higher by 51 points (up 0.3%).

Hindalco, BPCL and Adani Ports among the top gainers today.

NTPC, M&M and wipro on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,600, down by 86 points, at the time of writing.

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

The BSE MidCap index ended 0.6% higher and BSE SmallCap index ended 1% higher.

Sectoral indices are trading mixed, with socks in metal sector, realty sector and oil & gas sector witnessing most buying. Meanwhile stocks in auto sector, telecom sector and media sector witnessed selling pressure.

Shares of Dixon Technologies, Shriram Finance and Bharat Forge hit their respective 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...

The rupee is trading at 83.65 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 72,047 per 10 grams.

Meanwhile, silver prices were trading 1.5% higher at Rs 90,856 per 1 kg.

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.

Suzlon Hits Upper Circuit

In news from the energy sector, Suzlon shares hit the upper circuit in the morning trade on 20 June, after shares worth Rs 1.8 bn changed hands in a block deal.

Around 0.3% equity or 37 m shares of the wind energy player were exchanged.

On 8 June, an independent director on the board of Suzlon Energy - Marc Desaedeleer - tendered his resignation from the board.

In the resignation letter, Desaedeleer - who joined Suzlon's board in 2016 - expressed satisfaction with the company's operational and financial performance over the past eighteen months but raised concerns over compliance and transparency.

Desaedeleer stated in his resignation letter that there were several instances where the corporate governance standards applied by the company did not meet his expectations. He highlighted situations where communications lacked the level of openness and transparency he had hoped to see.

Why Blue Dart Share Price is Rising?

Moving on to news from the logistics sector, shares of Blue Dart Express surged up to 2.5% to Rs 8,049 apiece on 20 June after the company launched drone deliveries in collaboration with Skye Air.

The company said that this move marked a significant advancement towards cleaner and more efficient delivery solutions.

It is set to revolutionise last-mile delivery by offering same-day delivery for shipments, significantly reducing delivery time and environmental impact.

Balfour Manuel, Managing Director of Blue Dart, noted that the logistics sector in India is experiencing an exhilarating phase. He highlighted the surge in demand, emphasizing the need for innovative solutions to drive growth while ensuring efficiency and sustainability.

Manuel mentioned the marvel of drone technology and expressed anticipation of extending this service further, with plans to cover additional pin codes in subsequent stages with their partners.

Blue Dart is the market leader in India's air express market with a 54% plus share. It covers over 220 countries and territories and offers an entire spectrum of distribution services, including air express, freight forwarding, supply chain solutions, and customs clearance.

Why GMR Power is locked in at 5% Upper Circuit

Moving on to news from the engineering sector, shares of GMR Power and Urban Infra were stuck in a 5% upper circuit on 20 June, after the company said that its arm GMR Smart Meter Electricity Distribution, has partnered with Bosch Global Software Technologies to implement a smart meter project.

Today marked the fourth session of GMR Power's shares being stuck in a 5% upper circuit.

In September 2023, GMR Smart secured an order for 76 lakh smart meters from Purvanchal Vidyut Vitran Nigam Ltd and Dakshinanchal Vidyut Vitran Nigam. Following this, GMR Smart created three Special Purpose Vehicles (SPVs) to implement the smart metering projects.

GMR Smart has now partnered with Bosch Global Software Technologies for the smart metering project.

BGSW, renowned for its expertise in designing and building advanced smart metering systems, will create a robust architecture to connect these smart meters to the cloud and IT infrastructure.

As part of this partnership, Bosch Global will invest in the project by taking a 10% equity stake in each of the three SPVs. GMR Smart will hold the remaining 90%.

This collaboration aims to improve the efficiency of electricity distribution in the areas covered by Purvanchal Vidyut and Dakshinanchal Vidyut.

The collaboration with Bosch Global apart, GMR Power informed the exchanges last week that its subsidiary GMR Hyderabad Vijayawada Expressways was in an advanced stage of settlement of its claims with the National Highway Authority of India (NHAI) and closure of loans with its consortium of lenders.

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