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Sensex Today Trades Higher | Nifty Above 24,950 | Bikaji Foods & Aether Industries Jump 4%
Tue, 10 Sep 10:30 am

Sensex Today Trades Higher | Nifty Above 24,950 | Bikaji Foods & Aether Industries Jump 4%Image source: DNY59/www.istockphoto.com

Asian markets traded higher on Tuesday following an overnight rebound on Wall Street and ahead of trade data in the region.

Japan's Nikkei 225 gained 0.5% and the Topix rose 0.7%. South Korea's Kospi index added 0.2% and the Kosdaq gained 0.2%.

US stock market ended higher on Monday in a short covering rally after a steep fall last week.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet149.54-2.39-1.57%154.64148.2193.3121.46
Apple220.910.090.04%221.27216.71237.23164.08
Meta504.794.520.90%511.33502.08544.21279.4
Tesla216.275.542.63%219.87213.67278.97138.8
Netflix675.429.651.45%683.5672.14711.33344.73
Amazon175.44.012.34%175.85173.51201.2118.35
Microsoft405.724.021.00%408.65402.15468.35309.45
Dow Jones40829.59484.181.20%41000.2440518.0641585.2132327.2
Nasdaq18660.78239.471.30%18693.8618469.420690.9714058.33
Source: Equitymaster

At present, the BSE Sensex is trading 156 points higher and NSE Nifty is trading 52 points higher.

Axis Bank, Bharti Airtel and Hero MotoCorp among the top gainers today.

HDFC Life, Bajaj Finance and Bajaj Finserv the other hand are among the top losers today.

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.

Broader markets are trading on negative. The BSE Midcap index is trading 0.9% higher and the BSE Smallcap index is trading 1.3% higher.

Sectoral indices are trading positive with stocks in power sector, telecom sector and capital goods sector witnessing most selling pressure

The rupee is trading at Rs 83.96 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 71,620 per 10 grams 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...

Speaking of the stock market, Rahul Shah, Co-head of research at Equitymatser talks about the surprising downfall of a legendary investor.

Learn why even the greatest can falter when faced with market volatility. And find out how you can avoid making the same mistakes.

Watch now

Dixon's Subsidiary Secures HP Deal

Leading contract manufacturer Dixon Technologies (India) Ltd on Monday (September 9) said its wholly owned subsidiary Padget Electronics Private Ltd has entered into a Memorandum of Understanding (MOU) with HP India Sales Private Ltd.

Under this agreement, Padget will manufacture notebooks, desktops, and all-in-one PCs for HP, subject to the signing of definitive agreements in due course.

HP is a leading global provider of personal computing and other digital access devices, imaging and printing products, and related technologies solutions and services.

The facility is expected to play a pivotal role in India's growing electronics manufacturing industry, which currently employs around 10 lakh people.

According to Vaishnaw, the factory will initially create approximately 1,500 jobs, with the potential for further employment as production ramps up.

The minister also confirmed that the first HP laptop produced at the Tamil Nadu facility is expected to be shipped by February 2025.

Dixon Technologies Share Price Performance - 1 Year

Suzlon's Wind Energy Order

Suzlon Group on Monday said it has bagged India's largest wind energy order till date as it entered into a pact with NTPC Green Energy Limited (NGEL), the renewables arm of NTPC Limited, to build 1,166 megawatt (MW) project in Gujarat.

The project involves installing 370 wind turbine generators (WTGs) with a rated capacity of 3.15 MW each at three sites in Gujarat.

Two out of the three projects are operated by NTPC Renewable Energy, while the other is a collaboration with Indian Oil NTPC Green Energy.

The contract brings Suzlon's cumulative order book to nearly 5 GW as of 3 September.

This deal also marks the company's first direct wind energy order from NGEL, signaling the renewable energy major's return to the PSU market. The wind power generated will serve approximately three million households upon completion.

NTPC, India's largest energy conglomerate, plans to add 60 GW of renewable energy capacity by 2032.

This project forms a significant part of that goal and is expected to boost India's renewable energy efforts, with Suzlon managing equipment supply, installation, and maintenance.

Market Regulator Clears Charges Against Infosys

Market regulator on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares.

The regulator also directed that the prohibition slapped on six entities -- Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush Bhutra -- through the interim order, along with the confirmatory order, will stand vacated with immediate effect, bringing an end to the matter.

The case originated after Sebi identified suspicious trading patterns around the financial results announcements of Infosys for four quarters, covering from December 2019 to September 2020.

The preliminary investigation pointed to violations of the regulator's insider trading norms by various entities.

In its interim order in May 2021, Sebi imposed restrictions on several individuals and entities, including Pranshu Bhutra, Amit Bhutra, Bharath Jain, and other entities, prohibiting them from securities markets.

Thereafter, market regulator issued a show cause notice to Bhutra alleged to have access to unpublished price-sensitive information (UPSI) because of his frequent interactions with Subramaniyam and Sunil Kumar Dareshwar.

It was also alleged that Pranshu Bhutra had passed the UPSI to Amit Bhutra who then passed this information to the other notices.

Market Regulator's WTM Bhatia said the material available on record is not sufficient for sustaining the allegation that Venkat had communicated the UPSI to Pranshu.

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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