Sensex Today Trades Higher | Force Motors Rallies 7% | Bharti Airtel & Tata Steel Among Top Gainers

Tue, 27 Jun 10:30 am

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Asian stocks are trading lower today after US stocks slid amid concern that the Federal Reserve and its peers around the world will push economies into recession.

The Nikkei is trading 0.9% lower, and the Hang Seng index is trading higher by 1.6%. While, shanghai composite was down 0.9%

US stocks closed lower on Monday, as investors wary of betting on riskier assets before seeing the outcome of Russia's aborted weekend mutiny.

The Dow Jones Industrial Average ended marginally lower, and the tech heavy Nasdaq Composite ended 1.4% lower.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	119.09	-3.93	-3.19%	122.72	118.99	129.55	83.45
Apple	185.27	-1.41	-0.76%	188.05	185.23	188.05	124.17
Meta	278.47	-10.26	-3.55%	289.79	277.60	289.79	88.09
Tesla	241.05	-15.55	-6.06%	258.37	240.70	314.67	101.81
Netflix	415.94	-8.08	-1.91%	430.96	414.90	448.65	169.70
Amazon	127.33	-2.00	-1.55%	131.49	127.10	146.57	81.43
Microsoft	328.60	-6.42	-1.92%	336.11	328.49	351.47	213.43
Dow Jones	33,714.71	-12.72	-0.04%	33,819.49	33,610.32	34,712.28	28,660.94
Nasdaq	14,689.02	-202.46	-1.36%	14,982.82	14,687.02	15,284.65	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a positive note.

At present, the BSE Sensex is trading higher by 127 points. Meanwhile, the NSE Nifty is trading up by 42 points.

Tata Steel and M&M are among the top gainers today.

IndusInd Bank and Titan 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 higher 0.6% and the BSE Small Cap index is trading 0.9% higher.

Sectoral indices are trading on a positive note with the exception of consumer durables sector. Stocks in the realty sector and metal sector are witnessed most of the buying.

Shares of J K Cement and Interglobe Aviation hit their 52-week high today.

The rupee is trading at Rs 81.96 against the US dollar.

In commodity markets, gold prices are trading higher by Rs 98 at Rs 58,510 per 10 grams today.

Meanwhile, silver prices are trading 0.4% higher at Rs 69,472 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, a recent survey by Gartner states that almost 33% of electronics supply chain leaders have already moved their businesses out of China.

Or at least are planning to. The increased tariffs imposed by the Chinese and the US government have resulted in rising business costs.

Of course, India has begun reaping the benefits.

Smartphone and premium electronics maker Apple, for instance, is set to triple its production in India in the next three years.

Co-head of Research at Equitymaster, Tanushree Banerjee, in below video talks about such stocks that are set to benefits from India's electronics revolution.

SBI's subsidiary to open office in Abu Dhabi

State Bank of India (SBI)'s investment banking and project advisory arm, SBI Capital Markets, has expanded operations to the Middle East with its new Abu Dhabi office.

SBI Caps recently received approval to establish a branch office at the Abu Dhabi Global Market (ADGM), an international financial center. According to the media reports senior SBI and SBI Caps executives will be inaugurating the branch on 3 July.

The banking company's move to set up an office in the region reflects the growing importance of funds from the Middle East willing to invest in Indian businesses.

Speaking of SBI did you know that SBI is one of the five Indian banks that posted record high profits in FY 2023? Little wonder SBI share price rallied in 2023.

Aditya Birla Capital launches QIP

Aditya Birla Capital on Monday launched a qualified institutional placement (QIP) issue. The issue opened on 26 June, 2023.

The floor price of the said QIP is set at Rs 175.99 per share.

Earlier this month, the financial services company stated that the board of directors has approved preferential issuance of Rs 12.5 billion (bn) to Grasim and Surya Kiran Investments. This issuance is a follow-up of Rs 30 bn equity fundraising that was approved earlier last month.

Both Grasim and Surya Kiran Investments are part of the promoter and promoter group entity in Aditya Birla Capital. As per the regulatory filing, the company will raise Rs 10 bn from Grasim and Rs 2.5 bn from Surya Kiran Investments.

The company's board approved equity fundraising of up to Rs 300 m on 11 May 2023.

As of 31 March 2023, Aditya Birla Capital manages aggregate assets under management of about Rs 3.6 trillion (tn) with a total lending AUM of Rs 943.6 bn and gross written premium of Rs 177.9 bn in life and health insurance businesses.

The Birla group company through its subsidiaries/JVs has a strong presence across Protecting, Investing, and Financing solutions catering to the diverse needs of its customers across their life cycle.

Bharti Airtel rejigs its leadership team

Bharti Airtel on Monday announced changes to its leadership team in Airtel Business. Ajay Chitkara, the CEO of Airtel Business has decided to exit, while the overall business will be operated in three segments and each will be led by Vani Venkatesh, Ganesh Lakshminarayanan, and Ashish Arora.

Chitkara will continue with the company until the third week of August 2023.

Further, the telecom company announced that Airtel Business will operate as three businesses and channel segments - global business for which Vani Venkatesh will take the charge; Domestic business that will be headed by Ganesh Lakshminarayanan, and Nxtra Data Centers which will be led by Ashish Arora.

Airtel is the tenth largest company in India in terms of market share. As of 26 June 2023 Airtel's market cap was around Rs 4,753.6 bn.

Last week, Matter Motor Works, a technology-led innovation start-up, and Bharti Airtel announced a strategic partnership to deploy Airtel's IoT solution in Matter AERA, India's first and only geared electric motorbike.

Under the partnership, Airtel will enable advanced automotive grade E-Sims on all Matter AERA bikes.

In the first phase, 60,000 Matter bikes will be enabled with Airtel E- Sims with advanced IOT features, offering a smart and connected experience on Airtel's panIndia superior network. It needs to be noted that Matter plans to produce over 300,000 such bikes over the next three years.

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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