Sensex Today Ends 284 Points Higher | Bajaj Finserv & Hero MotoCorp Gains 5%| Tech Mahindra, Sun Pharma Among Top Gainers

Tue, 4 Jul Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day flat, Indian share markets picked up pace as session progressed and ended the day higher.

Benchmark indices inched higher today as banking and IT stocks lifted the market mood.  The S&P BSE Sensex swung in a range of 502 points, hitting an all-time high of 65,673 in intra-day trade.

At the closing bell, the BSE Sensex stood higher by 284 points (up 0.4%).

Meanwhile, the NSE Nifty closed up by 66 points (up 0.3%).

Tech Mahindra and Bajaj Finance were among the top gainers today.

Eicher Motors and Grasim 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 Gift Nifty was trading at 19,491 up by 52 points, at the time of writing.

Broader markets ended on a mixed note. The BSE Midcap index ended 0.2% lower and BSE SmallCap ended flat.

Sectoral indices ended on a mixed note with stocks in the IT sector, finance sector and FMCG sector witnessing most of the buying.

On the other hand, stocks from the telecom sector and energy sector witnessed selling pressure.

Shares of Bajaj Finance and Titan 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 mixed note. The Nikkei ended lower by 0.9%. while the Hang Seng ended 0.6% higher. The Shanghai Composite ended flat.

The rupee is trading at 82.03 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 58,520 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading higher by 0.5% at Rs 70,631 per kg.

Speaking of stock markets, We Indians are very price conscious. No matter what we're buying, we always bargain first.

So, why don't we take the trouble to find bargains in the stock market? You see, most stocks are either trading at super-expensive valuation or they are trading way below their true worth because they are worthless stocks.

There are very few stocks in the market that you can call value for money stocks. But these value for money stocks are some of the safest stocks available in the market that you can buy at bargain prices. See the full video to discover this category of stocks where your downside is limited but upside potential is huge.

IDFC First Bank shares plunge 6%. Here's why.

In news from the banking sector, shares of IDFC First Bank dropped up to 6% today following last night's merger announcement, as the share swap deal with parent IDFC appeared skewed in favour of the latter.

One possible deterrent could be the stock not meeting the price cut-off level requirement.

As part of the share exchange ratio for the merger, IDFC shareholders would get 155 shares of IDFC First Bank for every 100 shares held in the former.

While the bank did not provide the likely valuation of the merged entity, based on Monday's closing prices of the two companies on BSE, the valuation is Rs 717.6 billion (bn).

At Monday's closing price, the spread favours 16.3% for IDFC shareholders.

Completion of the merger, subject to approvals of various regulatory bodies, is likely to take anywhere around 12 to 15 months.

The merger will lead to the simplification of the corporate structure of both entities by consolidating them and other subsidiaries into a single entity, helping streamline regulatory compliances.

It gave multibagger returns of 130.9% in the last year.

For a detailed analysis of IDFC First Bank's meteoric rise, check out our editorial- IDFC First Bank: the next Kotak or the next Yes Bank?

Bajaj Finance shares Zoom 8%. What's cooking?

Moving on to news from the finance sector, Bajaj Finance shares surged 8% as the company reported upbeat numbers for the quarter ended June 2023.

The NBFC's new loans booked during Q1 grew by 34% to 9.94 million compared to 7.42 million in the corresponding quarter of the previous year.

Bajaj Finance recorded the highest-ever quarterly increase in its assets under management (AUM), which grew by 32% to approximately Rs 2.7 trillion (tn) as of 30 June 2023.

Its customer franchise as of June 2023-end stood at 72.9 million compared to 60.3 million as of 30 June 2022. The company recorded the highest-ever quarterly increase in its customer franchise of 3.84 million in Q1 FY24.

AUM mix remained stable in Q1 FY24. Consolidated net liquidity surplus stood at approximately Rs 127 bn as of 30 June 2023.

The deposit book on the other hand, recorded a YoY growth of 46% and stood at approximately Rs 499 bn in Q1.

Up 168% in the last three years and 5,472% in 10 years, Bajaj Finance shares have been one of the biggest wealth creators on Dalal Street in the last few decades. So far on a calendar year basis, the stock has outperformed with about a 20% rise.

Post a stellar run in the banking index in 2022, is it time for the NBFCs to outperform? Check out: Is rerating on the cards for this undervalued NBFC?

Hero MotoCorp Partners Harley Davidson

Moving on to news from the auto sector, Hero MotoCorp shares surged more than 3% today after its partnership with Harley Davidson helped it enter the 440cc segment, where it had no presence so far.

Harley Davidson unveiled the X440, a premium motorcycle developed in collaboration with Hero MotoCorp. This marks the entry of Hero MotoCorp and Harley Davidson into the 440cc segment for the first time in India.

It boasts a single-cylinder, oil and air-cooled engine with a displacement of 440cc. The X440 is the inaugural premium motorcycle introduced as part of the licensing agreement between the two companies.

The launch of the Harley Davidson X440 is a significant milestone in our premium journey and lays a strong foundation for Hero MotoCorp's future growth.

Note that the electric vehicle (EV) megatrend is a once-in-a-century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.

To know more, check out Why Hero MotoCorp is Underperforming in the Market?

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