Sensex Today Trades Lower | Nifty Below 25,100 | Suzlon Energy Jumps 5%

Wed, 11 Sep 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as markets prepared for the knock-on effects of a presidential debate.

A gauge for the region's equities fell for a third session, with Japanese stocks leading the declines. Futures for Hong Kong and US shares also dipped.

US stocks were mixed on Tuesday ahead of key inflation data later this 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	150.01	0.31	0.47	0.31%	152.30	193.30	121.46
Apple	220.11	-0.36	-0.80	-0.36%	221.48	237.23	164.08
Meta	504.79	0.00	0.00	0.00%	514.18	544.21	279.40
Tesla	226.17	4.58	9.90	4.58%	226.40	278.97	138.80
Netflix	673.62	-0.27	-1.80	-0.27%	680.59	711.33	344.73
Amazon	179.55	2.37	4.15	2.37%	180.50	201.20	118.35
Microsoft	414.20	2.09	8.48	2.09%	416.33	468.35	309.45
Dow Jones	40736.96	-92.63	-0.23%	40916.50	40417.48	41585.21	32327.20
Nasdaq	18829.14	168.36	0.90%	18845.74	18570.67	20690.97	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 98 points lower and NSE Nifty is trading 21 points lower.

Bajaj Auto, Asian Paints and Sun Pharma among the top gainers today.

Tata Motors, ONGC and Hero MotoCorp 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 flat and the BSE Smallcap index is trading 0.3% higher.

Sectoral indices are trading mixed with stocks in power sector, FMCG sector and capital goods sector witnessing buying. Meanwhile, stocks in realty and auto sector witnessing selling pressure.

The rupee is trading at Rs 83.97 against the US dollar.

In commodity markets, gold prices are trading 0.2% higher at Rs 72,018 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

RBI Fines Axis Bank and HDFC Bank

The Reserve Bank of India (RBI) on Tuesday (10 September) imposed monetary penalties on two major banks, Axis Bank and HDFC Bank, for non-compliance with various regulatory directives. On 3 September 2024, Axis Bank was fined Rs 19.1 bn, while HDFC Bank faced a penalty of Rs 10 m.

Axis Bank's penalty of Rs 19.1 m stems from findings during a statutory inspection for supervisory evaluation (ISE 2023). The inspection, conducted concerning the bank's financial position as of 31 March 2023, revealed several contraventions of the Banking Regulation Act, of 1949.

According to the RBI, the bank opened savings deposit accounts for ineligible entities, failed to provide unique customer identification codes (UCIC), and improperly secured collateral for agricultural loans up to Rs 1.6 lakh.

Additionally, a wholly-owned subsidiary of the bank acted as a technology service provider, which is not a permissible business that can be undertaken by a banking company.

The statutory inspection for supervisory evaluation (ISE 2022) of the bank was conducted by RBI with reference to its financial position as of 31 March 2022.

Both penalties are intended to address deficiencies in statutory and regulatory compliance without questioning the validity of any transactions or agreements made by the banks.

Kumar Mangalam Birla Buys Stake in VI

Vodafone Idea Ltd.'s shares were purchased by Aditya Birla Group chief Kumar Mangalam Birla and another marquee investor, according to official documents.

Kumar Mangalam Birla acquired 18.6 million (m) shares of Vodafone Idea on 6 September, while Pilani Investment bought 30 lakh shares on the same date.

A Creeping Acquisition generally means when someone gradually continues to increase his / her stake in the company over a period of time.

In the financial year 2021, the market regulator raised the creeping acquisition limit to 10% from 5% earlier. This relaxation though, was only applicable to preferential allotment of equity shares and did not apply to transfers, block or bulk deals.

Takeover regulations would be applicable if the promoter group crosses the Creeping Acquisition limit of 5% in a financial year.

Tata Motors Management Change

The Society of Indian Automobile Manufacturers (Siam), the apex body representing India's leading automobile manufacturers, on Tuesday announced the election of Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles, as its new president for the term 2024-25.

Chandra had previously served as Vice President of Siam. He is now succeeding Vinod Aggarwal, Managing Director and CEO of Volvo Eicher Commercial Vehicles. His appointment was confirmed at the Siam Executive Committee meeting held on Tuesday.

The Executive Committee also announced other office bearers for the coming year.

Shenu Agarwal, Managing Director and CEO of Ashok Leyland was elected as the Vice President of Siam, while Satyakam Arya, CEO and Managing Director of Daimler India Commercial Vehicles, will serve as the Treasurer.

Shailesh Chandra has years of experience and a strong vision for the future of the Indian automobile industry, particularly with his role at Tata Motors, where he has been a key figure in driving the transition towards electric mobility.

His leadership is expected to strengthen Siam's efforts to enhance the contribution of the automobile industry to the Indian economy while focusing on environmental sustainability and safety.

Siam is the national body representing the major vehicle and vehicular engine manufacturers in India. Its objectives include promoting efficiency within the industry, contributing to the nation's economic progress, and addressing social and environmental responsibilities, including road safety and pollution control.

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