Sensex Today Ends 203 Points Lower | Nifty Below 25,200 | Oil India Down 6%

Wed, 4 Sep Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day lower, Indian benchmark indices continued the downward trend as the session progressed and ended the day lower.

The domestic equity market faced a tough day. The decline in global markets, coupled with concerns about a potential slowdown in the US economy, has understandably affected investor sentiment.

At the closing bell, the BSE Sensex stood lower by 203 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 81 points (down 0.3%).

Asian Paints, HUL and HUL among the top gainers today.

ONGC, Wipro and Coal India on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,272 up 90 points at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.1% lower and BSE SmallCap index ended 0.3% higher.

Sectoral indices were trading positive with socks in realty sector, FMCG sector and healthcare sector witnessing buying speer. Meanwhile stocks in metal sector and banking sector witnessed selling pressure.

Shares of Lupin, JK Cement and Bajaj finserv hit their respective 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...

The rupee is trading at 83.97 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% lower at Rs 71,086 per 10 grams.

Meanwhile, silver prices were trading 0.3% lower at Rs 82,965 per 1 kg.

Speaking of the stock market, is Kalyan Jewellers the Next Titan?

Not so fast!

In the below video, Rahul Shah Co-head of research at Equitymaster will break down the diamond and jewelry industry, analyse Titan's secret sauce, and assess if Kalyan Jewellers has what it takes to be a wealth creator.

Watch now to discover the truth.

BEML Stock Soars 7%. Here's Why

In news from the engineering sector, BEML is among the defence stocks that surged around 7% on September 4 after the Defence Acquisition Council (DAC) approved major procurements worth Rs 1.4 trillion (tn) for the Armed Forces.

The stock surged amid heavy volumes as 17 lakh shares of the defence PSU changed hands on BSE and NSE combined compared to the one-month average trading volume for 5 lakh shares.

BEML is a public sector undertaking (PSU) that manufactures a variety of heavy equipment, such as that used for earth moving, railways, transport and mining.

It manufactures variants of BEML Tatra vehicles for all-terrain operations and also supplies Engineering Mine Ploughs, Tank Transportation Trailers, Weapon Loading equipment, Armoured Recovery Vehicle, Milrail Coaches and Wagons.

The company plays a role in the country's Integrated Guided Missile Development Project by supplying ground support vehicles. The company has also created a test track at its KGF Complex to test defence equipment and vehicles.

BEML recently inaugurated the prototype manufacturing of driverless metro trainsets 5RS-DM Project dedicated to fulfilling the Bangalore Metro Rail Corporation's (BMRCL) project for Lines 2 and 6, including the ambitious Banglore Airport Line.

The PSU had secured the order for 53 trainsets during August 2023.

BEML manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defence forces, and coaches for the metro rails.

The company is a leading mining & construction equipment manufacturer in India and offers a comprehensive and diverse range of mining machinery for both opencast and underground mines.

Why Minda Corporation Share Price is Rising

Moving on to news from the auto ancillary sector, shares of Minda Corporation gained over 2% after the flagship company of Spark Minda announced the signing of a technology licensing agreement with China's Sanco Connecting Technology, a leader in Electric Vehicle (EV) connection systems.

This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of Electrical Distribution Systems (EDS).

Under this agreement, Minda Corporation & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, Power Distribution Units (PDU) and Battery Distribution Units (BDU).

Minda Corporation is an automotive component manufacturing company in India with a pan-India presence and a significant international footprint. The company has a product portfolio that encompasses mechatronics; information and connected systems and plastic and interior for auto OEMs.

These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. It has a customer base including Indian and global original equipment manufacturers and Tier-1 customers.

Rama Steel Tubes Jumps 13%

Moving on to news from the steel sector, Rama Steel Tubes surged 13% on 4 September after the firm announced a strategic collaboration with Onix Renewable.

Over 100 m shares exchanged hands in trade on the bourses, over 200% higher than the one-month daily traded average of four crore shares.

This partnership will focus on leveraging the expertise of Rama Steel Tubes to provide steel structures along with single-axis trackers and will also focus on dual-axis trackers to be expanded in the future essential for solar projects undertaken by Onix Renewable.

Rama Steel Tubes has expanded its expertise and developed specialised steel structures and tracker tubes which will serve as the backbone for Greenfield Solar Projects. This marks the firm's entry into the Green Energy segment.

The steel player also added that it is determined to deliver products that ensure the highest standards of reliability, durability, and performance, which are critical to the long-term success of solar greenfield projects.

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