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Sensex Today Trades Higher | UCO Bank Surges 6%, Kalyan Jewellers 4% | Coal India & Bajaj Auto Among Top Gainers
Fri, 15 Sep 10:30 am

Sensex Today Trades Higher | UCO Bank Surges 6%, Kalyan Jewellers 4% | Coal India & Bajaj Auto Among Top Gainers

Asian markets are trading on a positive note fuelled by robust macroeconomic data from China and reduced concerns about US interest rate hikes.

The Nikkei is trading 1.3% higher while the Hang Seng index was trading 1.6% higher and Shanghai Composite is trading 0.3% higher.

US stocks ended sharply higher and the greenback jumped on Thursday as robust economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week.

The Nasdaq ended 0.9% higher while the Dow Jones Industrial Average ended 0.8% higher.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet138.991.491.08%139.55136.2139.5583.45
Apple175.741.530.88%180.13173.58198.23124.17
Meta311.726.662.18%312.87301.21326.288.09
Tesla276.044.741.75%276.71270.42313.8101.81
Netflix400.49-11.75-2.85%411.39400485211.73
Amazon144.72-0.13-0.09%145.86142.95145.8681.43
Microsoft338.72.640.79%340.86336.57366.78213.43
Dow Jones34,907.10331.60.96%34,977.9734,687.5035,679.1328,660.94
Nasdaq13,926.10112.50.81%13,957.5713,810.6614,446.5510,088.83
Source: Equitymaster

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

At present, the BSE Sensex is trading higher by 145 points. Meanwhile, the NSE Nifty is trading up by 45 points.

Bajaj Auto and Coal India are among the top gainers today.

Asian Paints and HUL on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.4% higher and the BSE Small Cap index is trading higher by 0.6%.

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

Meanwhile, stocks in oil & gas sector and FMCG sector witness selling pressure.

Shares of Bajaj Auto and HCL Tech hit their 52-week high today.

The rupee is trading at Rs 83.08 against the US dollar.

In commodity markets, gold prices are trading marginally higher at Rs 58,694 per 10 grams today.

Meanwhile, silver prices are trading marginally 0.7% higher at Rs 71,503 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, smallcap stocks have been on fire for the last few months.

Some smallcaps have even doubled in price since March.

Investors and traders alike are looking for the next hot smallcap to buy.

In the below video, Chartist Brijesh Bhatia talks about 5 smallcap stocks that you can keep on your watchlist.

Tata Motor's Exclusive EV Sales Network

Tata Motors is gearing up to establish an exclusive sales network for its electric passenger vehicles in the current fiscal year.

The objective is to provide a distinct and tailored experience for customers choosing eco-friendly models, as confirmed by a senior company executive.

The Mumbai-headquartered automobile giant, which recently unveiled updated editions of its Nexon EV and Nexon (internal combustion engine), also revealed plans to initiate trial runs of new outlets in select cities where electric vehicle demand has surged.

Tata Motors is set to invest approximately US$ 2 bn in battery-powered vehicles by 2027, while simultaneously bolstering its domestic electric vehicle supply chain by building a battery manufacturing facility in Gujarat.

The company anticipates a further decline in diesel car sales with the impending introduction of Bharat Stage 7 emissions regulations.

Sales of EVs globally have been growing as tighter emission regulations push carmakers to increase the share of electric cars in their portfolio. While Tesla still leads the EV race, Chinese rivals like BYD are catching up with new factories and aggressive exports.

Tata Motors remains in the fast lane when it comes to electric vehicles (EVs). The Tata group is leading India's EV revolution, and Tata Motors has remained at the forefront.

Also, the electric vehicle (EV) megatrend is a once-in-a-century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.

It remains to see how it pans out.

L&T Partners BAE Systems

BAE Systems Inc. has signed an agreement with Larsen & Toubro (L&T) to offer its articulated all-terrain vehicle (AATV), the BvS10, for an Indian Army acquisition programme.

An "articulated vehicle" consists of two or more separate frames connected by suitable couplings. It has a permanent or semi-permanent pivot joint, which allows it to turn more sharply. There are many kinds of articulated vehicles, including buses, trams and trains.

L&T will be the prime bidder, with the support of BAE Systems Hägglunds, the Swedish manufacturer of the successful BvS10 family of vehicles. BAE Systems and L&T have upgraded the BvS10 to meet the Army's requirements.

The variant being offered to India will be known as the "BvS10-Sindhu". The AATV programme aims to deliver vehicles from L&T's Armoured Systems Complex, Hazira, along with an integrated logistic support (ILS) programme.

L&T sees this as an opportunity to build its armoured systems business in partnership with BAE Systems' experience and its strong manufacturing and design base.

The BvS10 vehicle on display at the Defence and Security Equipment International (DSEI) in London this week features a mobile short-range air defence system (MSHORAD) configuration.

L&T has been an investor's favourite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

In line with its commitment to a sustainable future, L&T is poised to make significant strides in the green hydrogen landscape. For more details, check out L&T's next big leap in the green hydrogen space.

Reliance Industries To Shut Jamnagar Units

India's Reliance Industries said on Thursday that it plans to temporarily shut three units at its plant in Jamnagar in the western Indian state of Gujarat for planned maintenance and inspection activities.

The oil-to-telecom conglomerate owned by billionaire Mukesh Ambani is the operator of the world's biggest refining complex, which houses two plants with a combined capacity of about 1.4 million barrels per day.

Reliance will temporarily shut a crude distillation unit and delayed coking in the SEZ refinery, fluidized catalytic cracker in the DTA refinery and a refinery off-gas cracker.

The maintenance of these units lasting between four to seven weeks will begin in mid-September.

The company added that all other units of the Jamnagar facility will operate normally during the maintenance period.

Reliance 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.

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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