Gift Nifty Trades Flat | HPL Electric's Rs 90 Billion order Win | Why Telecom Stocks Are Falling | Top Buzzing Stocks Today

Wed, 5 Jul Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Tuesday, 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 on Tuesday, the BSE Sensex 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.

Eicher Motors and Grasim, on the other hand, were among the top losers.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

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 on Tuesday.

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 was trading at 82.03 against the US$.

Gold prices for the latest contract on MCX were trading 0.4% higher at Rs 58,520 per 10 grams at the time of Indian market closing hours on Tuesday.

At 7:45 AM today, the Gift Nifty was trading higher by 4 points at 19,497 levels.

Indian share markets are headed for a muted opening today following the trend on trend on Gift Nifty.

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.

Top Buzzing Stocks Today

IDFC First Bank will be among the top buzzing stocks today.

shares of IDFC First Bank dropped up to 6% on Tuesday following last night's merger announcement, as the share swap deal with parent IDFC appeared skewed in favour of the latter.

Bajaj Finance will also be in focus today.

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.

HPL Electric's bags smart meter order

HPL Electric and Power (HPL), a leading provider of electric equipment, bagged a large order.

HPL Electric announced that it has won a large order for smart meters worth Rs 9 bn. Taking into account the new contract, the company's total pending pipeline order book now stands at over Rs 22.5 bn.

After the announcement, shares of HPL Electric climbed as much as 18.3% to hit a 52-week high of Rs 153.2 on BSE on Tuesday.

HPL Electric claims that these smart meters contribute to a greener and more sustainable future by empowering consumers and utilities to optimise energy usage.

HPL Electric's order win comes just a few hours after Genus Power and Infra announced an order win worth over Rs 2,000 crore for smart meters.

HPL, a multi-product electric equipment smallcap company is among the leading players in the electrical industry today.

Since small-cap stocks interest you, here's a proven approach to investing in small-cap stocks.

Wipro buyback receives 77.4% retail acceptance

In the just-concluded Rs 120 bn share buyback programme, Wipro has recorded an acceptance ratio of 77.4% among retail participants. This means that for every 500 stocks surrendered by a retail investor, 387 were accepted for a buyback.

The acceptance ratio was in line with the trend seen in the company's past four repurchase offers, in which it stayed within a range of 50-100%.

For the latest buyback, a retail or small shareholder was categorised as someone who held Wipro shares worth less than Rs 200,000 in terms of market value as of the record date.

The investors will receive a payout for the buyback on 5 July 2023, along with the shares that were not accepted.

The programme concluded on 30 June. Wipro's plans to initiate a buyback of approximately 269.7 m shares at Rs 445 per unit gave investors a chance to seize double-digit returns of 16.7% from the closing price of Rs 381.3 on the record date.

The returns investors managed to earn from the buyback were much more than what they made within the past one year. For context, the stock has given negative returns of over 7% in the past one year, while the buyback gave investors double-digit returns within just 18 days.

Wipro is one of the largest IT companies in India. The company caters in the financial, manufacturing, and hi-tech sectors.

With companies announcing bonus issues, Wipro stands among 5 Indian Companies which have consistently declared bonus shares.

Telecom stocks take a hit. Here's why.

Shares of Indian telecom operators took a beating on Tuesday, a day after Reliance Jio revealed plans to launch a US$12 4G phone to capture the broadly untapped entry-level 2G market in India.

The new phone could drive Jio's subscriber additions by 20-22 million annually, boosting its revenue and operating earnings by 2-3% in the next fiscal year.

It could also hit the revenue and operating earnings of rival Bharti Airtel by 1-2% during this period. Following this, shares of rivals Bharti Airtel and Vodafone Idea slipped between 2% and 3%.

In the past, Jio had disrupted the Indian telecom sector by introducing cut-price tariffs. With this move, it plans to roll out entry-level phones equipped with internet services, like digital payment, to reach the roughly 250 million 2G users who are yet to migrate to smartphones.

Check out Equitymaster's stock screener for screening India's top telecom stocks.

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