Asian markets were off with a positive open on Thursday after investors interpreted the latest reading of US inflation as confirmation the Federal Reserve will not raise interest rates next week.
The Nikkei is trading 0.9% higher while the Hang Seng index was trading flat and Shanghai Composite is trading 0.2% lower.
Wall Street churned to a mixed finish on Wednesday after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected.
The Nasdaq ended 0.3% higher while the Dow Jones Industrial Average ended 0.2% lower.
Here's a table showing how US stocks performed on Wednesday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
---|---|---|---|---|---|---|---|
Alphabet | 137.5 | 1.43 | 1.05% | 137.7 | 134.93 | -15.35% | 138.58 |
Apple | 174.21 | -2.09 | -1.19% | 177.3 | 173.98 | 36.62% | 198.23 |
Meta | 305.06 | 3.4 | 1.13% | 307.18 | 301.32 | -28.22% | 326.2 |
Tesla | 271.3 | 3.82 | 1.43% | 274.98 | 268.1 | -3.13% | 313.8 |
Netflix | 412.24 | -22.45 | -5.16% | 438.4 | 410.69 | 168.12% | 485 |
Amazon | 144.85 | 3.62 | 2.56% | 144.98 | 140.87 | 18.41% | 144.98 |
Microsoft | 336.06 | 4.29 | 1.29% | 336.85 | 331.17 | -17.90% | 366.78 |
Dow Jones | 34,575.50 | -70.5 | -0.20% | 34,767.11 | 34,509.95 | 35,679.13 | 28,660.94 |
Nasdaq | 13,813.60 | 40 | 0.29% | 13,868.57 | 13,733.82 | 14,446.55 | 10,088.83 |
Back home, Indian share markets are trading on a positive note.
At present, the BSE Sensex is trading higher by 260 points. Meanwhile, the NSE Nifty is trading up by 90 points.
Hindalco and UPL are among the top gainers today.
ITC and Sun Pharma on the other hand are among the top losers today.
Broader markets are trading on a negative note. The BSE Mid Cap index is trading 0.9% higher and the BSE Small Cap index is trading higher by 1.4%.
Sectoral indices are trading on a positive note with stocks in the realty sector, IT sector and metal sector are witnessing buying.
Shares of P&G Hygiene and TCS hit their 52-week high today.
The rupee is trading at Rs 82.94 against the US dollar.
In commodity markets, gold prices are trading marginally lower at Rs 58,565 per 10 grams today.
Meanwhile, silver prices are trading marginally 0.5% lower at Rs 71,095 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, Coal India has done well on the bourses lately.
However, can it continue its good run going forward?
Can it give the value conscious investor a good return of 50%-100% over the next 1-2 years?
Can it be the next SJVN, which has more than doubled in the last one year and where most of the gains have come in the last six months.
Rahul Shah, Co-head of research answers all this questions in video below.
The Directorate General of Civil Aviation (DGCA) has authorised IndiGo to wet-lease 11 Airbus A320 neo family aircraft, according to a senior official at DGCA.
The move comes as several of IndiGo's A320 neo planes, powered by Pratt & Whitney (PW) engines, are grounded for safety reasons.
Under a wet lease agreement, lessors provide not only the aircraft but also the crew and maintenance services.
Issues with PW engines have been a recurring problem for IndiGo in recent years. As of 1 August, about 10 per cent of IndiGo's total fleet of 323 aircraft was grounded, according to aviation analytics firm Cirium.
All 33 grounded aircraft are powered by PW engines.
In July, Pratt & Whitney disclosed that a particular condition in the powdered metal used for manufacturing certain engine parts would necessitate accelerated fleet inspection.
This will require the inspection of more than 1,200 engines worldwide within 12 months, including approximately 200 accelerated removals from jets equipped with PW1100G-JM engines.
The company indicated that the inspections need to be completed by mid-September of this year and clarified that current production-phase engines are not impacted.
Indian airlines are known for their mischiefs and managing an airline business is not so easy. To know how has IndiGo managed to take-off in recent months then? Check out Why Interglobe Aviation Ltd Share Price is Rising.
Reliance Retail is in talks to raise $1.5 billion from existing investors, including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia.
The talks are part of an internal target to raise $3.5 billion by the end of September this year.
Out of that, a $1 billion investment has been committed by the Qatar Investment Authority (QIA). Earlier this week, KKR & Co. announced an injection of US$ 250 m.
Out of US$ 1.5 bn, Singapore's GIC, the Abu Dhabi Investment Authority (ADIA) and Saudi Arabia's Public Investment Fund (PIF) are looking to invest at least US$ 500 m each in Reliance Retail. They will value the retail arm of Mukesh Ambani-led conglomerate at US$ 100 bn.
GIC, PIF and ADIA are among the world's biggest investment funds, and together they own a 4.4% stake in the Indian retailer.
Reliance Industries, the retail arm's parent, also has plans to invest in the ongoing fundraising round.
The company is on a mission to make India a place with the most affordable green energy by 2030.
Reliance is not new to hydrogen as it is the largest producer of grey hydrogen globally. It plans to transition to green hydrogen production by 2025 and become net zero by 2035.
For full update, check out India's Top Green Hydrogen Stocks and How They're Faring in 2023.
Digital payment services provider Paytm, on Wednesday said its shareholders have approved the appointment of a new statutory auditor, S.R. Batliboi & Associates LLP, for five years.
Price Waterhouse Chartered Accountants LLP has completed its term as the statutory auditor of the company after the AGM.
Price Waterhouse Chartered Accountants LLP, on 7 August, announced its resignation as auditor of Paytm Payments Services Limited with immediate effect.
PwC had cited the change of auditors at the holding company level and Paytm's practice to align the auditor of the holding company and subsidiaries to bring in synergies in the audit process.
Paytm shares soar to yearly high on robust operational performance and growth prospects. To know What's next, check out Why Paytm Share Price is Rising.
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
Equitymaster requests your view! Post a comment on "Sensex Today Trades Higher | Bombay Dyeing Zooms 20% | Hindalco & UPL Among Top Gainers". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!