Sensex Today Trades Higher | Praj Industries Zooms 13%, IRFC 9% | Adani Ports & HCL Tech Among Top Gainers

Mon, 11 Sep 10:30 am

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Asia stock markets were softer on Monday ahead of US inflation September data this week, due out on Wednesday, with investors seeking signals about the Federal Reserve's next likely moves on interest rates.

The Nikkei is trading 0.5% lower while the Hang Seng index is down 1.7%. The Shanghai Composite is trading up by 0.6%.

US stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three.

The Nasdaq rose marginally, while the Dow Jones Industrial Average ended 0.2% higher.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	137.2	1	0.73%	137.51	135.87	138.58	83.45
Apple	178.18	0.62	0.35%	180.24	177.79	198.23	124.17
Meta	297.89	-0.78	-0.26%	305.25	296.78	326.2	88.09
Tesla	248.5	-2.99	-1.19%	256.52	246.67	313.8	101.81
Netflix	442.8	-0.34	-0.08%	446.81	438.85	485	211.73
Amazon	138.23	0.38	0.28%	138.85	136.75	143.63	81.43
Microsoft	334.27	4.36	1.32%	336.16	329.46	366.78	213.43
Dow Jones	34,576.60	75.9	0.22%	34,627.85	34,473.57	35,679.13	28,660.94
Nasdaq	13,761.50	12.7	0.09%	13,843.37	13,733.18	14,446.55	10,088.83

Source: Equitymaster

Back home, Indian share markets are trading on a positive note.

At present, the BSE Sensex is trading higher by 247 points. Meanwhile, the NSE Nifty is trading up by 85 points.

Adani ports and HCL Tech are among the top gainers today.

Coal India and Eicher Motors on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index and the BSE Small Cap index is trading higher by 0.7%.

Sectoral indices are trading on a positive note with stocks in the power sector, telecom sector and auto sector are witnessing buying.

Shares of ABB India and LTIMindtree hit their 52-week high today.

The rupee is trading at Rs 82.95 against the US dollar.

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In commodity markets, gold prices are trading marginally higher at Rs 58,950 per 10 grams today.

Meanwhile, silver prices are trading marginally 0.3% higher at Rs 71,751 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, last month, the Parliament passed an important bill that could influence the fortunes of companies catering to mining ecosystem. The new Mines and Minerals (Development & Regulation) Amendment Bill allows private companies to mine six out of 12 atomic minerals, including lithium, and deep-seated minerals such as gold and silver.

So far, the mining has been mainly dominated by PSU sector leading to limited activity.

The bill brings in major reforms in the mining sector such as exploration license for deep seated and critical minerals, exclusive auction of mineral concessions for critical minerals, and revenues from these will also accrue to state governments.

A lot of activities related to mining, excavation and exploration earlier that were prohibited will now be allowed.

And the companies in the mining ecosystem are likely to benefit.

Tune in below to know some of these lesser known players in the ecosystem.

NTPC's Power Milestone

NTPC's group installed capacity has reached 73,824 MW (73.8 GW), according to a company statement on Friday.

The achievement came against the backdrop of the completion of the trial operation of the first unit of 800 MW at Telangana Super Thermal Power Project on 5 September 2023.

With this, the installed capacity of NTPC Limited and NTPC Group has become 57,838 MW and 73,824 MW respectively.

The company said that it is committed to achieving 60,000 MW of renewable energy capacity by the year 2032.

NTPC Ltd is India's largest integrated power utility, contributing 1/4th of the power requirement of the country. It has a diverse portfolio of thermal, hydro, solar, and wind power plants.

In another development, NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, has signed an MoU with V.O Chidambaranar Port Authority (VOCPA) for the development of Green Hydrogen Hub at VOCPA, Tuticorin in Tamil Nadu.

A transition from grey to green hydrogen is happening at a faster pace than expected. NTPC is one of the companies that are contributing to this transition. For more, check out Full Update on India's Top Green Hydrogen Stocks and How They're Faring in 2023.

As a part of its drive to diversify into clean energy, NTPC is stitching a grand green-hydrogen roadmap. For more details, check out NTPC's Next Big Leap in the Green Hydrogen Space.

Adani hikes stake in two group companies

Adani Group has increased its stake in two of the group's listed companies as the ports-to-energy conglomerate continues to work on a claw back strategy after being hit by damaging reports.

The promoter group has increased its stake in flagship Adani Enterprises to 71.9% from 69.9%, according to stock exchange filings.

This is the second time in less than a month that the promoters have raised a stake in the flagship firm that incubates new businesses. The promoters had last month increased their stake in Adani Enterprises Ltd from 67.7% to 69.9%.

The promoter group has also increased its stake in Adani Ports and Special Economic Zone Ltd from 63.1% to 65.2%, the filings showed.

Resurgent Trade and Investment bought almost a one per cent stake in Adani Ports and Special Economic Zone in open market transactions and another 1.2% was purchased by Emerging Market Investment DMCC. Both are promoter group firms.

The stake increase comes within weeks of the US-based boutique investment firm GQG Partners buying shares in Adani group firms.

GQG now has a stake in five of the 10 Adani Group firms.

For more details, check out Equitymaster's Indian stock screener, which shows all the Adani group companies' fundamental analysis on one screen.

Dig deeper into Adani group 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