Sensex Today Ends 151 Points Lower | Nifty Below 25,200 | Smallcap Stocks Shine

Thu, 5 Sep Closing

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After opening the day higher, Indian benchmark indices gave up the gains as the session progressed and ended the day lower.

Benchmark equity indices ended in red weighed by negative global sentiments.

At the closing bell, the BSE Sensex stood lower by 151 points (down 0.2%).

Meanwhile, the NSE Nifty closed lower by 54 points (down 0.2%).

ITC, BPCL and Wipro among the top gainers today.

Cipla, Coal India and reliance Industries on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,249 down 17 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 0.3% higher and BSE SmallCap index ended 0.6% higher.

Sectoral indices were trading positive with socks in telecom sector and IT sector witnessing buying speer. Meanwhile stocks in realty sector and energy sector witnessed selling pressure.

Apollo Hospitals, JK Cement 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 83.98 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% higher at Rs 71,947 per 10 grams.

Meanwhile, silver prices were trading 1.4% lower at Rs 84,733 per 1 kg.

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Linde India Jumps over 6%

In news from the energy sector, Linde India shares jumped 6.1% to Rs 7641.6 on Thursday after the company announced that it had entered into a plant sale agreement with Tata Steel to acquire their industrial gas supply assets.

The deal includes the acquisition of two 1800 TPD Air Separation Units (ASUs) at Tata Steel's Kalinganagar Phase 2 expansion project.

This follows Tata Steel naming Linde India as the successful bidder to own and operate gas supply infrastructure at its Kalinganagar plant for 20 years.

As part of the agreement, Linde India will take over the two ASUs currently under construction and finance the purchase using its own funds.

Linde India produces commodity gases. The company is a leading industrial gas company operating in India. It enjoys a rich history that dates back several decades.

It specializes in producing and supplying a wide range of industrial gases, including oxygen, nitrogen, hydrogen, and argon, along with various speciality gases.

Why Premier Energies Share Price is Rising

Moving on to news from the electronic manufacturing sector, shares of newly listed Premier Energies surged 17% to Rs 985, hovering close to its all-time high in the afternoon on 5 September, after bagging an order worth Rs 2.2 bn from the Uttar Pradesh Department of Agriculture.

The development gains significance as it comes just two days from its stellar IPO, where shares doubled in value on 3 September. The company's shares were listed at Rs 991, a massive premium of 120% over the IPO issue price of Rs 450 per share.

The order is for the supply, installation, and commissioning with a 5-year comprehensive warranty of 8,085 solar water pumping systems across various districts in the state. The order will be executed by March 2025.

The Rs 28.3 bn public offer, comprising a fresh issue and an offer-for-sale, garnered significant attention from investors after being subscribed 74.1 times over three days.

Premier Energies, established in 1995, stands as a leading integrated solar cell and solar module manufacturing company, thriving on innovative technology. With backing from GEF Capital, a prominent Private Equity Investor in Washington DC, Premier Energies pioneers photovoltaic solutions.

Goldiam International Hits 52-Week High

Moving on to news from the jewellery sector, shares of Goldiam International rose as much as 5.7% to hit a 52-week high of Rs 355 after the company informed the exchanges that it has secured export orders worth Rs 700 m from a US retailer for diamond-studded gold jewellery, a majority of which involves lab-grown diamonds.

The stock has gained over 82% in the past six months, outperforming the Nifty 50 index which gained 12% during the same period.

This new order represents a significant milestone for the company, pushing its total order book to over Rs 2 bn.

These export orders are expected to be fulfilled by the end of December 2024.

The company also emphasised that the Rs 200 crore order book figure does not include online sales, indicating the strength of its traditional business channels.

Goldiam International is engaged in the manufacturing and export of diamond-studded gold and silver jewellery. The company is a fully integrated original equipment manufacturer (OEM) partner for retailers.

Goldiam International exports its diamond products to the US, Europe, and other countries. Its subsidiaries include Goldiam Jewellery Ltd, Diagold Designs Ltd, Eco-Friendly Diamonds LLP, and Goldiam US.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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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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