Sensex Today Trades Higher | Caplin Point Zooms 6% | Wipro & Infosys Top Gainers

Mon, 17 Jul 10:30 am

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Asian stocks are trading mixed today as markets braced for a raft of Chinese economic data that could well underwhelm, while earnings season picks up steam with Tesla on the docket.

The Nikkei is trading marginally lower, and the Hang Seng index is trading up 0.3% and Shanghai composite is trading lower 1.2%.

The S&P 500 ended down slightly on Friday, with bank and financial shares mostly lower on the day following quarterly reports that kicked off earnings season, but all three major US stock indices posted solid weekly gains.

The Dow Jones Industrial Average ended 0.3% higher, and the tech heavy Nasdaq Composite ended marginally lower.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	125.70	0.87	0.70%	127.09	124.90	129.55	83.45
Apple	190.69	0.15	0.08%	191.18	189.63	194.48	124.17
Meta	308.87	-4.54	-1.45%	314.88	307.36	316.24	88.09
Tesla	281.38	3.48	1.25%	285.30	276.31	314.67	101.81
Netflix	441.91	-8.47	-1.88%	456.48	439.70	456.48	174.56
Amazon	134.68	0.38	0.28%	136.65	134.06	146.57	81.43
Microsoft	345.24	2.58	0.75%	351.43	344.31	351.47	213.43
Dow Jones	34,509.03	113.89	0.33%	34,592.26	34,425.33	34,712.28	28,660.94
Nasdaq	15,565.60	-6.38	-0.04%	15,720.06	15,531.00	15,720.06	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a positive note following the trend on Gift Nifty.

At present, the BSE Sensex is trading higher by 124 points. Meanwhile, the NSE Nifty is trading up by 39 points.

Wipro, Infosys and Tech Mahindra are among the top gainers today.

Bharti Airtel, Tata Motors and NTPC on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is up by 0.5% the BSE Small Cap index is trading 1% higher.

Sectoral indices are trading on a positive note with the exception of realty sector, auto sector, and financial sector. Stocks in the IT sector, and industrial sector witness buying.

Shares of Nestle India and MRF hit their 52-week high today.

The rupee is trading at Rs 82.16 against the US dollar.

In commodity markets, gold prices are trading higher by Rs 128 at Rs 59,188 per 10 grams today.

Meanwhile, silver prices are trading lower by 0.3% at Rs 75,731 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, is the risk-reward of investing in Dixon Technologies still in favour of investors?

Is it possible to give a view on a stock without even looking at its fundamentals or the business model?

A lot of investors would consider this as ridiculous. Some may even call it blasphemy.

After all, one needs to have a thorough understanding of the business model and the financials before one can make a sound judgement on a stock.

However, Rahul Shah, co-head of research at Equitymaster has done this exercise for Dixon Technologies and he believes it is an effective way to approach stock analysis.

Check out in the below video the exact details of this approach.

Mahindra & Mahindra joins hands with NXP Semiconductors

Mahindra & Mahindra and NXP Semiconductors signed a Memorandum of Understanding (MoU) to explore the electric and connected vehicle landscape in India.

This collaboration covers a wide range of vehicles, including utility vehicles, light commercial vehicles, farm equipment, and tractors.

As part of this agreement, Mahindra will have access to NXP's partner ecosystem, which includes Tier 1 suppliers, original design manufacturers (ODMs), independent design houses (IDHs), module vendors, and integrators.

This access to a diverse network of stakeholders will provide the auto maker with valuable resources and expertise to enhance their electric and connected vehicle offerings.

The partnership will also provide insights into NXP's technology roadmap, including areas such as smart homes and industrial sectors.

Lately, M&M share price is on an upward trajectory. In 2023 so far it is up 22.7%. In last one year it rallied 33.2%.

To know more about why M&M share price is rallying read our editorial on why M&M share price is rising.

Nestle India to set up a food processing unit in Odisha

Nestle India has received an in-principal approval from the Industrial Promotion & Investment Corporation of Odisha (IPICOL) to set up a food processing unit in Mundaamba of Khordha district, Odisha.

The food processing unit in Odisha will come up at an investment of about Rs 8.9 billion (bn), subject to fulfilment of customary conditions by the company.

The FMCG company reported an increase of 25% in its net profit at Rs 7.4 bn for the first quarter of financial year 2024, helped by robust volume growth and pricing.

The company's net sales rose 20.4% to Rs 48.1 bn during the period under review against Rs 39.6 bn in the corresponding period last fiscal.

This is the highest growth for Nestle India in any quarter in the last 10 years, except the quarters of 2016 which was off a low base in 2015 due to the Maggi crisis.

Currently, Nestle India is present in 90,000 villages and gets around 20% of its sales from rural areas and expects this to go up by around 25%.

Lupin receives USFDA approval

Lupin's subsidiary has been granted permission by the US health regulator to market a drug intended to treat various disorders, including schizophrenia.

The approval for Chlorpromazine Hydrochloride tablets has been accorded to Lupin Inc, the company's fully-owned subsidiary based in Somerset.

The Mumbai-based pharmaceutical producer's medication is a generic variant of a product by Upsher-Smith Laboratories, LLC.

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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Indian Share Market Update: Top Gainers and Losers