Sensex Today Ends 440 Points Lower On F&O Expiry | M&M Tanks 6%, Tech Mahindra 4% | Nestle and Axis Bank Top Losers

Thu, 27 Jul Closing

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After opening the day on the positive note, Indian share markets pared gains as the session progressed and ended the 0.6% lower.

Benchmark indices ended lower after the US Federal Reserve hiked interest rates by 0.25%. The monthly F&O expiry for the July series also weighed on the sentiment.

At the closing bell, the BSE Sensex stood lower by 440 points (down 0.7%).

Meanwhile, the NSE Nifty closed up by 118 points (down 0.6%).

Cipla, Sun Pharma and Apollo Hospital were among the top gainers today.

M&M, Tech Mahindra and Nestle 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 19,659, down by 147 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index ended 0.5% higher and BSE SmallCap ended marginally higher.

Sectoral indices ended on a mixed note with stocks in the healthcare sector and realty sector witnessing most of the buying.

On the other hand, stocks from the auto sector and oil & gas sector witnessed selling pressure.

Shares of Raymond and Colgate 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 0.7% higher, while the Hang Seng ended up by 1.4%. The Shanghai Composite ended lower by 0.2%.

The rupee is trading at 81.93 against the US$.

Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 59,535 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 0.6% higher at Rs 75,758 per kg.

Speaking of the stock markets, Chartist, Brijesh Bhatia talks about investing in power stock.

He has presented technical analysis on stocks from various sectors. Power stocks have been one of them.

Recently, these stocks have been showing interesting activity on the charts for traders.

Tune in to the below video for the technical outlook on these stocks.

Why Marico share price is rising?

In news from the FMCG sector, Marico share prices jumped 4% after the company signed definitive agreements to acquire a majority stake in Satiya Nutraceuticals, which owns the brand, The Plant Fix- Plix, a digital-first, clean label, plant-based nutrition brand.

In an all-cash deal, the maker of Parachute Coconut oil will buy the stake in the company for an aggregate consideration of up to Rs 3.7 bn.

The acquisition of 32.75% of the paid-up share capital of Satiya Nutraceuticals on a fully diluted basis, through primary infusion and secondary buyouts is expected to be completed on 26 July 2023.

Acquisition of the remaining 25.3%of the paid-up share capital of Satiya Nutraceuticals on a fully diluted basis, to be completed in one or more tranches by May 2025.

In line with the company's strategy to accelerate our diversification journey, the investment in Plix not only expands our total addressable market in value-added wellness foods and nutrition segments but also brings another digital-first brand with a distinct value proposition into its fold.

With an increase in the net profit margins and improving inflation, Marico is among the 5 Stocks to Watch Out for When Inflation Cools Down.

Marico also stands among the Best Midcap Stocks for Long Term.

Zydus Lifesciences gains 5% today. Here's why.

Moving on to the news from the Pharma sector, Zydus Lifesciences shares gained 5% to touch a 52-week high of Rs 654 today after the pharma company received final approval from the United States Food and Drug Administration (USFDA) for plerixafor injection.

Zydus Lifesciences got the American health regulator's nod for 24 mg/1.2 mL (20 mg/mL) single-dose vials of plerixa for injection used by patients with certain types of cancer to prepare them for a stem-cell transplant.

The drug will be manufactured at the group's injectable manufacturing facility in Gujarat's Ahmedabad.

The group now has 374 approvals and has far filed over 442 ANDAs since the commencement of the filing process in FY 2003-04.

Bayer Zydus Pharma, a joint venture between Zydus Lifesciences and Bayer (South East Asia) PTE Limited, agreed to set up a joint venture company for marketing pharmaceutical products.

The agreement is to amend certain clauses of the joint venture agreement (JVA) to enable participation in tenders of some government institutions / public sector undertakings for some products through an affiliated entity of a JV Partner.

The healthcare and pharma megatrend is unstoppable in India. Also, to know which are the best pharma and healthcare stocks in India right now, check out the best pharma companies in India.

Genus Power forms AMI arm

Moving on to news from the engineering sector, shares of Genus Power Infrastructures rose 6% today after the company incorporated a wholly owned subsidiary Genus Mizoram SPV.

The subsidiary is incorporated as a SPV (special purpose vehicle) for the execution of an Advanced Metering Infrastructure Service Provider Contract.

It will manufacture consumption meters for electricity, water or gas, flow meters and counting meters.

Genus Power Infrastructures recently entered into the big league striking a marquee deal with GIC for an equity infusion of Rs 5.2 bn for a 15% stake and setting up a platform - an SPV (where 26% is from Genus and 74% from GIC).

India is home to many prominent engineering companies that cater to a wide range of sectors. For more, check out the top engineering companies in India that are driving the country's growth and development.

And 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