Sensex Today Trades Marginally Higher | Tanla Platforms Surges 5% | Cipla & ONGC Among Top Gainers

Wed, 6 Sep 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian stocks traded mixed on Wednesday after US shares fell and a rally in oil increased concern about inflation.

The Nikkei is trading 0.6% higher while the Hang Seng index is down 0.8%. The Shanghai Composite is trading down by 0.3%.

Wall Street stocks stumbled on Tuesday after a long weekend, as investors digested signs of a slowing US economy on cooler hiring figures released last week.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	136.71	-0.09	-0.07%	137.37	135.56	138.58	83.45
Apple	189.7	0.24	0.13%	189.98	187.61	198.23	124.17
Meta	300.15	3.77	1.27%	301.39	295.51	326.2	88.09
Tesla	256.49	11.48	4.69%	258	244.86	313.8	101.81
Netflix	448.68	8.8	2.00%	453.45	438	485	211.73
Amazon	137.27	-0.85	-0.62%	137.8	135.82	143.63	81.43
Microsoft	333.55	4.89	1.49%	334.85	328.66	366.78	213.43
Dow Jones	34,642.00	-195.7	-0.56%	34,871.26	34,635.63	35,679.13	28,660.94
Nasdaq	14,021.00	-10.9	-0.08%	14,060.85	13,945.65	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 higher by 48 points. Meanwhile, the NSE Nifty is trading up by 14 points.

Cipla and ONGC are among the top gainers today.

Hindalco and NTPC 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 0.1% higher and the BSE Small Cap index is trading higher by 0.3%.

Sectoral indices are trading on a mixed note with stocks in the telecom sector and energy sector are witnessing buying. While stocks in the auto sector and metal sector witnessing selling pressure.

Shares of TVS Motors and L&T Technology hit their 52-week high today.

The rupee is trading at Rs 82.07 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 59,224 per 10 grams today.

Meanwhile, silver prices are trading marginally higher at Rs 73,480 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, Hidden Treasure, Richa Agarwal, talks about a market leader that seems to be doing well with regards to its relevance in a world marked by electric mobility.

In fact, it is the an exclusive supplier to Ola's 2-wheeler factory in its product category.

Here's an interesting fact about it.

More than 90% of the vehicles running on Indian roads use this company's products.

Now India is the world's 5th largest vehicle market and is expected to become the 3rd largest in terms of volume by 2026. So needless to say, this company is well positioned to benefit as that opportunity unfolds.

The reasons she has have chosen to talk of it are not just its decent fundamentals, but also the fact that the insiders have been on a buying spree for this stock for quite some time now.

Tata Motors partner Tata Power Renewable Energy

Tata Power Renewable Energy Ltd (TPREL) will set up a 12-megawatt (MW) on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Maharashtra.

The project will generate 17.5 million units of electricity per annum mitigating over 12,400 tonnes of Co2 per annum.

The latest order follows a 28.12-megawatt green energy plant for Sanyo Special Steel Manufacturing India Private Limited (SSMI), a 6-MW captive solar plant for Chalet Hotels and a 26-MW captive solar plant for Neosym Industry Limited (Neosym) in Maharashtra.

The company, however, did not provide any financial details of the project.

As per industry estimates, to set up 1 MW of solar energy capacity, a capital of Rs 50-60 m is needed.

The total renewables capacity of TPREL, a Tata Power arm, is at 7,821 MW, including 3,689 MW projects under various stages of implementation.

Tata Motors remains in the fast lane when it comes to electric vehicles (EVs). The Tata group is leading India's EV revolution, and Tata Motors has remained at the forefront.

Also, the electric vehicle (EV) megatrend is a once-in-a-century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.

It remains to see how it pans out.

Vedanta regains KCM

Vedanta Resources Limited, the parent company of Mumbai-listed mining giant Vedanta revealed that ownership and operational control of Konkola Copper Mines (KCM) had been returned to the company by the Zambian government.

According to Vedanta, KCM has resources and reserves of 16 million tonnes of contained copper, and its copper grade is 2.3%, which is significantly higher than the 0.4% average for the world. It has also acknowledged KCM's critical role in addressing the energy transition needs of a decarbonising world.

The timing of this development coincides with India's yearly growth rate of almost 25% in demand for copper, a crucial mineral for energy transition technologies.

Vedanta added that its restoration as the largest shareholder, with a 79.4% stake in KCM, is extremely important for it.

By forming a recent joint venture with Foxconn to manufacture semiconductor chips, the company has made its space among India's top 5 semiconductor stocks.

Also, as China tries to move up the technology supply chain with advanced chips, the US is getting wary, which makes semiconductors the top Indian megatrends.

Jio Financial to exit Nifty 50

Jio Financial Services will exit Nifty 50 and other indices of the NSE effective from 7 September 2023.

The decision to exclude the stock was taken as Jio Financial did not hit the price band in the last two trading sessions.

The news of exclusion from NSE indices comes nearly a week after the stock was excluded from Sensex and other BSE indices.

On Monday, shares of the newly-listed stock from Reliance Industries (RIL) stable surged up to 9% and moved past its listing day price of Rs 262 on the NSE. This is because exchanges raised the circuit limit in the stock to 20% from 5%.

Jio Financial made its official debut on the bourses on 21 August.

In the initial days after listing, the stock was reeling under the selling pressure from passive funds, who had to adjust their portfolio before the removal of the stock from benchmarks Nifty 50 and Sensex.

The inclusion took place by conducting a special pre-open session in RIL to derive the price of Jio Financial.

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