Sensex Today Ends 280 Points Lower | Indian Cements Tanks 6% | Tata Motors & Bajaj Finance Top Losers

Thu, 22 Jun Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day on a flat, Indian share markets lost its momentum as session progressed and ended the day lower.

Benchmark indices fell on Thursday, facing heavy volatility, amid emergence of profit-taking and negative trend in the US markets. Hawkish remarks from Federal Reserve Chair Jerome Powell made investors cautious.

At the closing bell, the BSE Sensex stood lower by 281 points (down 0.4%).

Meanwhile, the NSE Nifty closed down by 84 points (down 0.5%).

L&T and Tata Steel were among the top gainers today.

Bajaj Finance and Power Grid 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 18,837, down by 72 points, at the time of writing.

Broader markets ended lower. The BSE Midcap index ended 1.1% lower and BSE SmallCap ended 0.6% higher.

All sectoral indices ended the day on a negative note with stocks in the realty sector, telecom sector, and power sector witnessing most of the selling.

Shares of MRF & ZF Commercial India 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 negative note. The Nikkei ended lower by 0.9%, while the Hang Seng ended 2% lower. The Shanghai Composite ended 1.3% lower.

The rupee is trading at 81.95 against the US$.

Gold prices for the latest contract on MCX are trading lower by Rs 213 at Rs 58,501 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are 0.7% lower at Rs 68,800 per kg.

Speaking of stock markets, have you ever wondered how advertising technology has grown leaps and bounds, in recent years.

For instance, I was randomly looking for some stay options for a break at a hill station.

While their trip has been cancelled, there are still popups and random advertisements that keep appearing whenever I'm on my mobile.

Well, I'm sure you too have had moments when you wondered how your mobile knows everything that you need or are thinking about.

It's like a genie ready to pop up, to cater to what whatever we are aspiring or wishing for. Be it your midnight food cravings or some workshop you have been intending to attend, there is a way to everything through a pop up and a click.

This may seem too random. But there is a lot of intentional work in place. There are businesses collecting billions of data points and making sense of it using AI and ML for companies to grow and their users to consume more.

In the below video, editor of Hidden Treasure, Richa Agarwal talks about two such companies.

Vedanta to sell its copper plant

In news from the mining sector, Vedanta, is planning to revive its copper plant in Tamil Nadu, is exploring options to sell the unit at a valuation of Rs 45 billion (bn).

The company invited expressions of interest (EoIs) for the unit in June 2022 but did not get a positive response as the plant was closed for the last five years. The process has now started again with bankers reaching out to potential bidders.

The company invited EoI on 12 June to restart activities following the Supreme Court's direction. The plant was shut down on the orders of the Tamil Nadu Pollution Control Board (TNPCB).

Vedanta moved the apex court against the closure decision and the final verdict is likely by August.

Reports further stated that Vedanta Resources, the parent company of Vedanta, is doing all it can to raise funds to repay its debt and the amount raised by selling the unit would help in meeting its capital expenditure of US $ 1.7 bn (around Rs 139.3 bn) for this year.

Following the news of sale Vedanta share price was under pressure today. In fact, Vedanta share rice was under trouble even before the news. In 2023 so far it is down 11.1%.

To know more, read our article on why Vedanta share price is falling.

Why Venus Remedies share price is rising

Moving on to news from the pharma sector, Venus Remedies share price were locked at 5% upper circuit today at Rs 248.9 on Thursday after the company received marketing authorisation from Spain for meropenem, its highest selling generic product.

The company's German subsidiary Venus Pharma GmbH has received this approval for 500mg, 1g and 2g injections of this last-recourse antibiotic. Venus Remedies has been the largest exporter of meropenem from India in the last three years.

The company plans to launch the product in December this year. It will be able to capture a 10% share in the US $ 6.3 million (m) (about Rs 516.4 m) meropenem market of Spain. It will help the pharma company strengthen its position in the European market as well.

A broad-spectrum antibiotic of the carbapenem class used in intensive care units of hospitals as a last resort for the treatment of life-threatening infections, meropenem contributes 40% to the company's total sales.

The market size for the broad-spectrum antibiotic in Europe is about US $ 70.3 m (about Rs 5,762.3 m). Venus Remedies has launched this drug in major European markets under its own brand name and through strategic alliance partners by way of tieups.

The company has secured more than 120 marketing authorisations for Meropenem throughout the world.

The company has managed to record about US$ 27 m in sales solely through the marketing of meropenem. The facilities of Venus Remedies have a capacity of manufacturing 24 m units of meropenem per annum on single shift basis. The company is utilising 60% of its capacity.

Why Delhivery share price rose 7% today

Moving on to news from the courier service sector, Delhivery shares jumped over 7% today on reports of American private equity firm Carlyle selling a 2.53% stake in the e-commerce logistics company.

According to the media reports, the deal is expected to fetch the PE firm as much as Rs 7.1 bn, or US$ 86 million (m). With this block deal, Carlyle will exit its entire shareholding in Delhivery.

Following the block deal, buying action picked up in the stockTo 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