Sensex Trades in Red; Dr Reddy's Lab & Sun Pharma Top Losers

Thu, 18 Aug 10:30 am

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Asian share markets kicked off today with more gains after minutes showed Federal Reserve officials planned to slow their pace on interest rate hikes at some point as they try to rein in inflation.

The Nikkei fell by 0.8% while the Hang Seng was down by 0.7%. The Shanghai Composite is trading lower by 0.5%.

US stocks closed lower on Wednesday, after minutes from the Federal Reserve's meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September.

The Dow Jones was up by 0.5% while the tech heavy Nasdaq was down by 1.3%.

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

Benchmark indices opened in red today following the trend on SGX Nifty. And as the session progressed, losses were extended.

At present, the BSE Sensex is trading lower by 52 points. Meanwhile, the NSE Nifty is trading down by 18 points.

Kotak Mahindra Bank and SBI are among the top gainers today.

Dr Reddy's Lab and Sun Pharma are among the top losers today.

Investors await corporate actions. So we bring to you this month's bonus alert: This Zero Debt Company Announces Bonus Issue.

Broader markets are trading on a positive note. The BSE Mid Cap index is up by 0.7% while the BSE Small Cap index is trading higher by 0.6%.

Sectoral indices are trading mixed. The stocks in the FMCG and realty sector witness most of the buying.

Meanwhile, stocks in the metal and IT sector witness selling.

Keep an eye out on these 4 sectors that can produce future multibagger stocks.

ZF Commercial and SKF India hit their 52-week highs today.

Since you're interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

Also check out our editorial on the most profitable mid cap stocks.

In the commodity markets, gold prices rise. Gold prices are trading higher by Rs 128. Currently, gold prices are trading at Rs 51,671 per 10 grams.

Note that gold prices have fallen and have taken quite a knock in recent weeks.

Meanwhile, silver prices are trading lower at Rs 56,760 per kg. Silver price too have fallen a lot in recent days.

The rupee is trading at 79.7 against the US dollar.

After getting a bird's eye view of the market, do you want to get a full analysis on how the markets will perform today? You know how the market started but do you want to know how the markets will close today?

In the below video, Brijesh Bhatia does a complete analysis of today's market.

Patience bears sweet fruits. This saying holds true for share markets too.

An investor can generate multibagger returns if has enough patience to let stock market do its magic.

Patience combined with an eye for small and micro-cap stocks are the key ingredients to the recipe of hefty returns from stock market.

Here's an example to show how these key ingredients work.

Rajratan Wires, a stock we recommended in Hidden Treasure in November 2020, has been in news for being a 10 bagger in less than two years.

In fact, in the last 6 years, this stock has turned out to be a 140 bagger. Take a look at the chart below.

Read our editorial: The Most Fertile Ground to Find 100 Baggers to know how the stock has performed even against all odds.

In news from the oil and gas sector, Gas Authority of India (GAIL) is set to raise funds.

The board of state-owned natural gas explorer and producer GAIL (India), in its meeting held yesterday, approved raising Rs 250 bn by issuing secured or unsecured, redeemable and non-convertible bonds.

The decision to raise funds comes as the PSU plans to foray into chemicals and clean energy space and diversify from the current natural gas transmission and distribution business.

The money will be raised by way of a rupee term loan up to the limit of Rs 250 bn. The company could raise funds via foreign currency term loans or external commercial borrowing.

It can also raise funds via the issuance of rupee-denominated, listed or unlisted or secured or unsecured non-convertible bonds.

Among the recent projects, GAIL commissioned the 533-km Bokaro-Angul Pipeline section of Jagdishpur Haldia and Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) in April-June.

With this, 1,642 km of JHBDPL, popularly known as Pradhan Mantri Urja Ganga, has been commissioned.

In line with the government's 'National Hydrogen Energy Mission', GAIL is setting up a green hydrogen production unit with a daily capacity of 4.3 tonnes at Vijaipur, Madhya Pradesh.

The unit will produce green hydrogen using polymer electrolyte membrane technology based on water electrolysis. No wonder GAIL is among the 5 Indian companies leading the green hydrogen revolution.

GAIL is also setting up a 10 MW PEM Electrolyser for producing green hydrogen and has also entered into MoU with Gujarat Alkalies and Chemicals (GACL) to set up a 500 KLPD bioethanol plant in Gujarat.

To know more, check out GAIL India 2021-22 annual report analysis.

Moving on to news from the IPO space, Syrma SGS Technology IPO garnered a lukewarm response with the initial public offering (IPO) garnering less than two times subscription.

Syrma SGS IPO was the first issue to hit the market in nearly three months. Syrma SGS had set the price band for its IPO at Rs 209-220 per share.

Yesterday, Syrma's GMP strengthened as retail investors showed increased participation and market sentiment also improved.

Stay tuned to get further updates on this IPO and all upcoming IPOs 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

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Indian Share Market Update: Top Gainers and Losers