Sensex Today Ends 333 Points Higher | PFC Rallies 13%, REC 10% | Coal India & NTPC Top Gainers

Fri, 8 Sep Closing

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After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended the 0.5% higher.

Indian benchmark indices inched up to their highest in more than one month on Friday, led by gains in energy stocks, to extend a five-session winning streak and largely ignoring the softness in global equities.The benchmarks were on track for their second straight week of gains and saw their best week since the week ending 30 June 2023.

At the closing bell, the BSE Sensex stood higher by 333 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 92points (up 0.5%).

Coal India and NTPC were among the top gainers today.

ITC and UPL, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 19,766, up by 140 points, at the time of writing.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.9% higher and the BSE Small Cap index is trading higher by 0.4%.

Sectoral indices ended on a mixed note with stocks in the FMCG sector and healthcare sector are witnessing buying. While stocks in the realty sector, power sector and oil & gas sector witnessing selling pressure.

Shares of P&G Hygiene and Oracle Finance hit their 52-week high today.

Asia-Pacific markets were mostly lower on Friday, following a sell off on Wall Street and as investors assess trade data from China and Australia.

The Nikkei index fell 1.2%, for the second day in a row. The Hang Seng index shed 1.3%, while the Shanghai Composite ended 0.2% lower on Friday.

In commodity markets, gold prices are trading marginally higher at Rs 59,040 per 10 grams today.

Meanwhile, silver prices are trading marginally 0.3% higher at Rs 71,978 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, IRFC has to be one of the hottest stocks around. But why has it run up so fast, so soon?

What is the market seeing that we are not? Or is the market being too optimistic about the stock's future?

Tune to the video below by Rahul Shah to know more.

Why Tata Steel share price is rising

In news from the steel sector, Tata Steel was trading over a percent higher in the morning on September 8 after the company signed an agreement with AVAADA Group for a green hydrogen and ammonia manufacturing unit in Odisha.

AVAADA said it signed a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Limited (TSSEZL) but didn't disclose financial details of the project, which would be set up at the Gopalpur Industrial Park in the Ganjam district.

Avaada Group is an integrated energy platform with interests ranging from manufacturing solar cells, modules and electrolysers to renewable power generation, green hydrogen, and green ammonia production.

This is the second investment in the green hydrogen and ammonia manufacturing sector, given its conducive offerings for setting up a unit.

The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities and aims to reduce nearly 2 million tonnes of carbon dioxide emissions annually.

Tata Steel is Asia's first integrated private steel company. In the past year, Tata Steel has surged 22%.

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Tata Steel is among the top 5 stocks trading at a discount that could potentially harm you. For more, check out Why You Must Ignore These 5 Stocks Trading Below their 5-Year Average PE Ratio.

As you're interested in Tata group stocks, check out the new section in our Stock Screener, where you can view the fundamentals of companies within a business group in one screen, including the Top Tata group stocks.

LTIMindtree launches AdSpark

Moving on to news from the IT sector, LTIMindtree, the technology consulting and digital solutions company, has launched two industry solutions, AdSpark and Smart Service Operations, to accelerate the time-to-market for businesses on the salesforce platform.

AdSpark is a company that assists retailers in expanding their Retail Media platforms. On the other hand, Smart Service Operations is a service that combines Salesforce Service Cloud and NxT to cater to clients in various industries.

LTIMindtree is a global technology consulting and digital solutions company. LTIMindtree stock has given a return of 14.61% over the last six months.

The Indian stock market can be a great source of wealth creation in the coming years. LTIMindtree is one of the Top 5 Companies that Have the Potential to Create Lasting Generational Wealth.

Why Natco Pharma share price is falling

Moving to news from the pharma sector, Natco Pharma shares were down 3% on Friday after it was named as a defendant in an antitrust lawsuit in the United States.

The lawsuit was filed against the company by Louisiana Health Service and Indemnity Company and HMO Louisiana regarding pomalidomide, a drug used in treating cancer. However, the company has not disclosed any further details.

The other defendants in the lawsuit were Celgene Corporation, Bristol Myers Squibb, and Breckenridge Pharmaceutical.

The company's shares have increased 59.14% in year-to-date terms and 45% in the last year.

Check out Equitymaster's stock screener for screening India's top pharma stocks.

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

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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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Indian Share Market Update: Top Gainers and Losers