Sensex Rises 300 Points, Nifty Above 17,600; HUL, SBI and Titan Top Gainers

Thu, 25 Aug 10:30 am

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Asian share markets opened higher today, tracking overnight US gains ahead of a meeting of global central bankers that may offer clues about the future pace of interest rate hikes.

The Nikkei rose by 0.5% while the Hang Seng was down by 0.8%. The Shanghai Composite is trading higher by 0.3%.

Wall Street indices ended higher on Wednesday, breaking the three day losing streak, lifted by gains in energy stocks while investors awaited the US Federal Reserve's Jackson Hole conference this week.

The Dow Jones was up by 0.2% while the tech heavy Nasdaq was up by 0.4%.

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

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

At present, the BSE Sensex is trading higher by 281 points. Meanwhile, the NSE Nifty is trading up by 75 points.

Bajaj Finserv and HUL are among the top gainers today.

HCL Technologies and Power Grid are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is up by 0.9% while the BSE Small Cap index is trading higher by 0.8%.

Sectoral indices are trading on a positive note, with stocks in the realty sector and power sector witnessing most of the buying.

Keep an eye out on these 5 beaten down small-cap stocks as Indian markets turn volatile yet again.

Laxmi Machine and SKF India hit their 52-week high 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 and the most profitable bluechip stocks in India.

In the commodity markets, gold prices rise. Gold prices are trading higher by Rs 181. Currently, gold prices are trading at Rs 51,320 per 10 grams.

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

Meanwhile, silver prices are trading higher at Rs 55,375 per kg. Silver price too have fallen a lot in recent days.

The rupee is trading at 79.8 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.

In news from the engineering sector, L&T is slowly moving towards green energy.

The annual report of 2021-22 mentioned about L&T's plans and board's approval to enter into the green hydrogen segment. However, the business is yet to commence.

It has already set up a green hydrogen plant has been set up at Hazira in Gujarat. L&T has also entered into a contract with IOC to manufacture and sell electrolysers used in the production of green hydrogen.

On top of this L&T intends to be a debt-free company in financial year 2022-23. It plans to pay off the debt by selling of loss making and heavy asset business.

All of these plans, seems to have boosted investor's confidence in the company, because after June 2022, the share price has been on a rise.

Look at the chart below.

To know more about how green hydrogen sector is flourishing in India, check out our full update on India's top green hydrogen stocks and how they're faring in 2022.

Further in news from the auto sector, TVS Motor to acquire a stake in DriveX.

On Wednesday, TVS Motor said it will acquire 48% stake in Narain Karthikeyan's pre-owned two-wheeler start-up 'DriveX' for a consideration of Rs 850 m.

Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters.

Last fiscal year, DriveX had reported a turnover of around Rs 90 m.

The acquisition is expected to be completed by 30 November 2022.

Since you are interested in auto stocks read our editorial on auto stocks start august with a big bang and which stocks should you trade.

In news from the power sector, Tata Power to raise funds.

Tata Power is securing US$320 m in sustainability-related loans from international lenders led by Bank of America.

Sustainability-linked loans typically allow borrowers to obtain funds up to 25 basis points, or 0.25%, less expensively than conventional loans.

According to the reports, Tata Power will benefit from a drop in financing rates of up to eight basis points if it does not invest in or increase capacity in sectors like thermal power generation over the next few years.

In order to receive additional financial incentives, it must also boost the generation of renewable energy by 1.5 to 2 gigawatts annually.

Tata Power is accumulating the debt through two foreign entities. One is a club loan in which Bank of America and Sumitomo Mitsui Banking Corporation are both lenders (SMBC). Additionally, the former is providing a term loan facility.

According to the company's business responsibility and sustainability report, the company (including its subsidiaries) has 34% of its capacity (measured in MW) in clean and green generation sources (hydro, wind, solar, and waste heat recovery).

To know more, check out our detailed comparison between Tata Power and Adani Power.

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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