Sensex Today Trades Higher | Metal Stocks Shine | ZF Commercial & TV18 Broadcast Jumps 6%

Fri, 1 Sep 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian markets opened on a mixed note on Friday even as a crucial data on US economy suggested that inflation on the wane.

The Nikkei is trading 0.4% higher while the Hang Seng index is trading 0.6% lower. The Shanghai Composite is trading 0.2% higher.

US stocks ended mixed on Thursday after inflation and weekly jobless data. Investors are keenly awaiting employment data due on Friday for clues on the Fed's monetary policy outlook.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	137.35	0.42	0.31%	138.4	136.82	138.4	83.45
Apple	187.87	0.22	0.12%	189.12	187.48	198.23	124.17
Meta	295.89	0.79	0.27%	301.1	295.66	326.2	88.09
Tesla	258.08	1.18	0.46%	261.18	255.05	313.8	101.81
Netflix	433.68	-0.99	-0.23%	437.15	431.23	485	211.73
Amazon	138.01	2.94	2.18%	138.79	135	143.63	81.43
Microsoft	327.76	-1.03	-0.31%	330.91	326.78	366.78	213.43
Dow Jones	34,721.90	-168.3	-0.48%	35,070.21	34,719.77	35,679.13	28,660.94
Nasdaq	14,035.00	15.7	0.11%	14,114.68	14,010.48	14,446.55	10,088.83

Data Source: Equitymaster

Back home, Indian share markets are trading on a positive note. At present, the BSE Sensex is trading 166 points higher and NSE Nifty is trading 67 points higher.

Hindalco and Tata Steel are among the top gainers today.

NTPC and Asian paints on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.2% higher and the

BSE Small Cap index is trading 0.6% higher.

Sectoral indices are trading on a mixed note with stocks in the telecom sector and metal sector are witnessing most buying.

Meanwhile stocks in the capital goods sector and healthcare sector and realty sector witness selling.

Shares of Linde India and Mastek hit their 52-week high today.

The rupee is trading at Rs 82.68 against the US dollar.

In commodity markets, gold prices are trading marginally lower at Rs 59,284 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 75,700 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, a brutal combination of demand destruction, a highly leveraged balance sheet as well as regulatory flip-flops, had turned Suzlon into one of the biggest wealth destroyers in recent history.

But of late, the stock has been on a comeback trail. It has multiplied more than 14x since the lows of March 2020.

It has more than tripled in the last one year.

Are these gains sustainable or is there some danger lurking around the corner?

Rahul Shah, Co-head of Research, answers all these questions in the below video.

Torrent Pharma to acquire stake in Cipla

Ahmedabad-based Torrent Pharma has likely submitted a non-binding bid to acquire a stake in promoters of pharmaceutical giant Cipla.

Torrent Pharma is scheduled to decide on a binding offer in the coming weeks. According to the news report, the company is also holding talks with three to four private equity companies and foreign institutions as it considers several funding options for the offer.

A recent newspaper report said Torrent wants to take control of the Hamied family's stake in Cipla which is more than double (2.3x) its FY23 consolidated revenue, 2.3 times its profit, and 1.46 times its present market value.

More importantly, the competition for buying out the Hamied family's stake in Cipla also includes Blackstone, the largest buyout fund, and Baring PE Asia-EQT.

If the Torrent deal comes to fruition, it would eventually lead to the creation of India's second-biggest pharmaceutical company after Sun Pharma by revenue.

So far in 2023 shares of Torrent Pharma have rallied over 18%. Take a look below.

Torrent Pharma is among pharma companies in India that have solid growth in sales and profits...and a high Return on Equity (ROE).

Jio Financial to delist from exchanges

Jio Financial Services shares will be dropped from all the S&P BSE indices including Sensex with effect from tomorrow that is Friday, 1 September, said BSE in a circular.

Jio Financial Services Ltd (JFSL) is a demerged non-banking financial services (NBFC) unit of Reliance Industries.

According to the guidelines, JFSL will be taken out of the S&P BSE indices today. If the JFSL stock had hit the low circuit limit today, the exchanges would have extended the date of removal of JFSL shares from indices.

The bourses twice extended the removal of JFSL shares from the indices after the shares hit a lower circuit for four consecutive sessions post-listing.

On Wednesday, 30 August, Jio Financial Services' share price extended gains for the second consecutive session on Wednesday. Jio Financial Services shares were locked at 5% upper circuit on the BSE.

Jio Financial Services was listed on the stock exchanges on 21 August after its demerger with the billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries.

The stock was listed at Rs 265 apiece on the BSE and Rs 262 per share on the NSE compared to its discovered price of Rs 261.85 apiece.

Central Bank of India to raise funds

State-run Central Bank of India on Thursday said it has raised Rs 15 bn by issuing Basel-III compliant Tier-II bonds on a private placement basis.

The base size for the bond sale was Rs 5 bn, while the greenshoe option stood at Rs 10 bn.

The issue just managed to scrape through as the bank received bids for Rs 15.2 bn from investors and it accepted bids for Rs 15 bn.

The capital will help the bank maintain a healthy capital adequacy ratio and fund its business growth.

Central Bank of India reported a 78% rise in net profit at Rs 4.2 bn for the June quarter on the back of a decline in bad loans and an increase in interest income.

For more detailed updates, read our Banks Public Sector (PSU) report and check the latest Banks Public Sector (PSU) results. Also check out Equitymaster's powerful stock screener to find the top banking companies in India.

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