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Sensex Trades Flat, Nifty Near 18,000; Infosys & Tech Mahindra Top Losers
Thu, 15 Sep 10:30 am

Sensex Trades Flat, Nifty Near 18,000; Infosys & Tech Mahindra Top Losers

Asian share markets tracked Wall Street indices and edged higher today, but gains were limited amid increased uncertainties of the US Federal Reserve's monetary policy decision next week.

The Nikkei fell by 0.3% while the Hang Seng was up by 0.3%. The Shanghai Composite is trading lower by 0.1%.

Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday's sell-off and investors pressed the 'pause' button.

The Dow Jones rose by 0.1% while the tech heavy Nasdaq ended higher by 0.7%.

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

Benchmark indices opened on positive note today following the trend on SGX Nifty. But as the session progressed indices ran into mild losses.

At present, the BSE Sensex is trading lower by 84 points. Meanwhile, the NSE Nifty is trading down by 31 points.

NTPC and Maruti Suzuki are among the top gainers today.

Infosys and Tech Mahindra are among the top losers today.

Broader markets are trading on a mixed note. The BSE Mid Cap index is flat while the BSE Small Cap index is trading higher by 0.3%.

Sectoral indices are trading mixed. Stocks in the IT sector and consumer durable sector are witnessing most of the selling.

Power sector and telecom sector stocks are witnessing mild 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.

Maruti Suzuki and Bajaj Holding & Investments 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 221. Currently, gold prices are trading at Rs 49,797 per 10 grams.

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

Meanwhile, silver prices are trading lower at Rs 56,860 per kg. Silver prices too have fallen a lot in recent days.

The rupee is trading at 79.5 against the US dollar.

Speaking of stock markets, Yazad Pavri talks about the company that can possibly become India's first trillion dollar stock, in his latest video.

No, it's not Reliance or TCS. This company could beat Reliance and TCS to become the first 'trillion dollar' stock of India.

Also, speaking of stock markets, at times where share market has been consistently inconsistent, it's becoming increasingly difficult to predict the price pattern of any share.

Crude oil prices are falling and there are rumors that central banks may go slow on rising interest rates.

Hence, it becomes important to have a system in place where in your investments and returns both, can also be regularised. This can be done by Systematic Investment Plans (SIP).

Rahul Shah - Editor and Research Analyst at Equitymaster, explained how SIP would benefit an investor, if the investor invests in SIPs in the bull market.

He showed through the following chart how returns would have progressed if an investor would have held on to investment in SIP for a period of 15-18 months.

chart

You can read the entire editorial here: How to Earn 15% Returns Even if the Market is at All-Time Highs.

In news from the mining sector, Vedanta is the highest bidder for coal mines.

Vedanta has emerged as the highest bidder for two coal mines in Odisha on the second day of commercial coal mines auction.

The government put on sale 10 coal mines under the commercial coal mine auction on Tuesday and Wednesday.

The blocks were auctioned under the second attempt of the fourth round of commercial coal mine auction.

Both the coal mines are fully explored and have Peak Rate Capacity (PRC) of 20 million tonnes per annum.

Note that Vedanta share price has been in focus after it announced that it will set up semiconductor manufacturing plant in Gujarat.

By doing this, it brough India a step closer to its own silicon valley.

Further in news from the steel sector, Tata Steel to issue non-convertible debentures (NCDs).

Domestic steel maker Tata Steel on Wednesday said its committee of directors decided has approved raising Rs 20 bn through allotment of non-convertible debentures (NCDs) on a private placement basis.

The issue is divided into two series.

The date of allotment for first series is 20 September 2022 and its date of maturity is 20 September 2027.

Tata Steel is among the top 6 undervalued stocks in India.

To know more, check out Tata Steel'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


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