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Sensex Today Trades Higher | Nifty Hits Fresh High | Nifty IT Gains Over 2%
Fri, 21 Jun 10:30 am

Sensex Today Trades Higher | Nifty Hits Fresh High | Nifty IT Gains Over 2%Image source: Jackie Niam/www.istockphoto.com

Asian shares are ending the week with a whimper after a rally to 26-month highs earlier this week drew profit-taking, while the strength in the US dollar as central banks in Europe cut rates kept pressuring the yen towards the intervention zone.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%.

U.S. stock indexes edged back from their records Thursday, weighed down by a dip for Wall Street darling Nvidia, following a mixed set of reports on the economy.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet177.711.260.71%178.74176.46182.08115.83
Apple209.68-4.61-2.15%214.24208.85220.2164.08
Meta501.72.210.44%503.67496.77531.49274.38
Tesla181.57-3.29-1.78%185.21179.66299.29138.8
Netflix679.03-6.64-0.97%689.88673.72689.88344.73
Amazon186.13.291.80%186.51182.72191.7118.35
Microsoft445.7-0.64-0.14%446.53441.27450.94309.45
Dow Jones39134.76299.90.77%39232.538778.4640077.432327.2
Nasdaq19752.3-156.56-0.79%19979.9319685.0319977.8414058.33
Source: Equitymaster

At present, the BSE Sensex is trading 106 points higher and NSE Nifty is trading 42 points higher.

Infosys, Tech Mahindra and Bharti Airtel among the top gainers today.

Tata Steel, HDFC Bank and HUL 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 0.5% higher and the BSE Smallcap index is trading 0.6% higher.

Sectoral indices are trading mixed today, with socks in power sector and IT sector witnessing most buying. Meanwhile stocks in banking sector and realty sector witnessing selling pressure.

The rupee is trading at Rs 83.6 against the US dollar.

In commodity markets, gold prices are trading marginally higher at Rs 72,715 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.

Indigo Partners Garuda Aviation

No-frills carrier IndiGo on Thursday said it has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program.

The 21-month course includes a three-month ground schooling at Garuda Aviation Academy training centre in Gurugram, followed by 12 months of training at 43 Air Schools in South Africa, which has a track record of training over 6,000 ab initio pilots over the years.

Over the last 13 years, the airline said, it has formed eight such partnerships and inducted over 1,000 pilots through these full training programmes, including commercial pilot licence and A320 type rating.

These courses start right from cadet selection to induction into the airline as a pilot.

Moreover, this initiative aligns seamlessly with the central government's regional air connectivity scheme -- UDAN mission -- fortifying IndiGo's commitment to connecting with smaller and medium-sized towns and cities.

India is going to have a huge demand for pilots as the domestic carriers IndiGo, Air India, and Akasa-together have ordered 1,120 aircraft since February last year.

Besides these orders, Indian carriers are set to take deliveries of new planes that were ordered earlier. IndiGo alone has an order book of nearly 1,000 planes.

India's commercial airlines, reportedly, are likely to nearly double fleet size to 1,400 by the 2029-30 fiscal year.

Amara Raja Energy Hikes Stake in InoBat

Amara Raja Energy & Mobility on Thursday said it has acquired an additional 4.5% stake in electric vehicle battery maker InoBat for 20 million euros.

With the latest investment, the company's total holding will be around 9.3% of its equity stake in InoBat AS, including its previous investment of 10 million euros.

Slovakia-based InoBat specialises in the research, development, and production of batteries for electric vehicles custom-designed to meet the specific requirements of global mainstream and specialist original equipment manufacturers (OEMs) within automotive and commercial vehicles.

This investment marks a pivotal step in Amara Raja's ongoing commitment to advancing sustainable energy solutions and enhancing its footprint in the energy and mobility sector.

The flagship company of the Amara Raja group, Amara Raja Energy & Mobility, is one of the largest manufacturers of lead-acid batteries.

It sells its leading brands, such as Amaron, PowerZone, Amaron Quanta, and Amaron Volt, for automotive and industrial uses.

Amara Raja Energy & Mobility

GE Power Bags NTPC GE Power Contract

GE Power India Ltd on Thursday (June 20) announced the receipt of a Letter of Intent for a contract valued at Rs 2.5 bn from NTPC GE Power Services Private.

The contract involves the renovation and modernisation of LMZ Steam Turbines at Wanakbori Thermal Power Station (TPS) Unit No. 1 and Unit No. 2, each with a capacity of 210 MW. The project aims to enhance the heat rate efficiency and extend the operational life of these units.

The nature of the order is focused on Steam Turbine Renovation and Modernisation (R&M), with a stipulated execution period of 33 months. NGSL, a joint venture between GE Power India Ltd (GEPIL) and NTPC Ltd, led the bid, while GEPIL participated as a joint venture/consortium partner.

GEPIL will be responsible for all critical supplies, including design and engineering, as well as the testing and commissioning of the system.

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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