Sensex Trades Above 60,000-Mark, Nifty Nears 18,000; Realty & IT Stocks Rally

Mon, 12 Sep 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets kicked off higher today, tracking rallies on Wall Street as investors came to terms with the prospect of more central bank interest rate hikes.

The Nikkei rose by 1.1% while the Hang Seng was up by 2.7%. The Shanghai Composite is trading higher by 0.8%.

Wall Street indices broadly rallied on Friday, with indices recording their first weekly gain in four weeks as investors went on a buying spree, shrugging off concerns about the economic outlook.

The Dow Jones rose by 1.2% while the tech heavy Nasdaq ended higher by 2.1%.

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

Benchmark indices opened on a positive note today following the trend on SGX Nifty and tracking gains in global peers.

IT stocks, after falling for a long time, appear to have found their mojo back as large IT stocks are on a roll today.

At present, the BSE Sensex is trading higher by 429 points. Meanwhile, the NSE Nifty is trading up by 121 points.

Tech Mahindra and Infosys are among the top gainers today.

M&M and HDFC are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is up by 0.8% while the BSE Small Cap index is trading higher by 0.9%.

Sectoral indices are trading on a positive note. Stocks in the IT sector and realty sector are witnessing most of the buying.

Metal stocks were falling for months but now the scenario has changed. The top metal stocks in India is what you should look at as they will be prime beneficiaries of any PLI scheme.

Speaking of PLI Scheme, the centre is reportedly mulling a PLI hike for drones.

ZF Commercial and SKF India hit their 52-week high today.

Since you're interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

In the commodity markets, gold prices fall. Today, gold prices are trading lower by Rs 105. Currently, gold prices are trading at Rs 50,425 per 10 grams.

Note that gold prices have fallen and have taken quite a knock in recent weeks.

Meanwhile, silver prices are trading higher at Rs 55,213 per kg. Silver prices too have fallen a lot in recent days.

The rupee is trading at 79.7 against the US dollar.

After getting a bird's eye view of the market, do you want to get a full analysis on how the markets will perform today? You know how the market started but do you want to know how the markets will close today?

In the below video, Brijesh Bhatia does a complete analysis of today's market.

In news from steel sector, Tata Steel's board is set to meet this week.

The board of the steel major is scheduled to meet on 14 September 2022 to consider the issuance of unsecured non-convertible debentures on private placement basis.

Tata Steel is among the top steel companies in India with an annual crude steel capacity of 34 m tonnes per annum.

On a consolidated basis, the steel major's net profit dropped 21% to Rs 77.1 bn on 18.8% increase in net sales to Rs 631.3 bn in Q1 of the financial year 2022-23 over Q1 of last year.

Tata group stocks have been always on investor's watchlist. After the returns Tata Consultancy Services (TCS) has given, nobody wants to miss an opportunity to get a piece of the probable rally in Tata stocks.

TCS still continues to be one of the favourite stocks of investors because of the performance it has delivered since its listing.

Take a look at the chart below to see why TCS still makes it to investors' portfolio.

Further in the news from oil and gas sector, Oil and Natural Gas Corporation (ONGC) enters into six new contracts.

ONGC has signed six contracts for Discovered Small Fields (DSF) in offshore, with three each for fields in the Arabian Sea and Bay of Bengal, the company said in a statement on 10 September.

The contracts were obtained under the DSF-III bid round. These also include four contract areas as a sole bidder and 2 contract areas in partnership with Indian Oil Corporation Limited (IOCL), it added.

In these six DSF-III blocks awarded to ONGC, an investment of US $1,894.5 m is planned for the development in the blocks.

Furthermore, ONGC also signed two contracts for fields under special CBM bid round -2021 blocks in Jharkhand and Madhya Pradesh. For the two CBM blocks awarded to ONGC, the total investment commitment is to the tune of US $5.9 m.

The DSF-III bid round 2021 was launched by the Indian government on 10 June 10 2021. A total of 75 fields DSF Policy were clubbed in 32 contract areas (11 inland and 21 offshore). ONGC participated in the bidding and subsequently won 6 contract areas.

To know more, check out ONGC's 2021-22 annual report analysis.

And 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