Sensex Today Ends 242 Points Lower | PSU Banks Shine | Hindalco & HDFC Bank Among Top Losers

Mon, 18 Sep Closing

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After opening the day on a negative note, Indian share continued the downtrend as the session progressed and ended lower.

Caution crept into the markets ahead of key central bank decisions globally, dragging the domestic benchmark indices lower.

At the closing bell, the BSE Sensex stood lower by 242 points (down 0.4%).

Meanwhile, the NSE Nifty closed 59 points lower (down 0.3%).

Titan and BPCL were among the top gainers today.

Hindalco and HDFC Bank on the other hand, were among the top losers today.

The GIFT Nifty was trading at 20,173, up by 6 points, at the time of writing.

Broader markets are trading on a negative note. The BSE Mid Cap index is trading 0.3% lower and the BSE Small Cap index is trading lower by 0.6%.

Sectoral indices ended mixed, with stocks in the auto sector and FMCG sector witnessed buying. Meanwhile stock in the realty sector and metal sector witnessed selling.

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

The rupee is trading at Rs 83.29 against the US dollar.

Asia-Pacific markets ended mixed.

The Nikkei index ended 1.1% higher, Hang Seng index ended 1.4% lower, while the Shanghai Composite ended 0.3% higher.

In commodity markets, gold prices are trading 0.3% higher at Rs 59,162 per 10 grams today.

Meanwhile, silver prices are trading 0.5% higher at Rs 72,485 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.

Why HFCL Share Price Is Rising

In news from the telecom sector, shares of HFCL soared 7% on the back of winning a mega order in an otherwise subdued market.

It has secured the order aggregating to Rs 10.2 bn from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking (MPJN).

The said order encompasses providing EPC Services, including provision for laying of optical fibre cables on critical routes, for the execution of Multi village Drinking Water Supply Network in the Sheopur district of Madhya Pradesh. This order is expected to boost the company's revenue and profitability.

The aforesaid Project will be executed by the company in collaboration with Khilari Infrastructure as a consortium partner.

Earlier this month, the Reliance Industries-backed firm won an Rs 826 m order from a domestic telecom service provider.

HFCL is among the Top 5 Smallcap 5G Stocks to Watch Out for as India's 5G Revolution Begins.

It stands tall among 4 Optical Fibre Stocks to Watch Out amid India's Anti-Dumping Move.

HFCL is among six companies that are largely benefitting from the PLI scheme.

Radico Khaitan Commissions Greenfield Distillery

Moving on to news from the food and tobacco sector, Radico Khaitan shares jumped after the company announced the commissioning of a greenfield grain distillery with a capacity of 350 kilolitres per day at Sitapur in Uttar Pradesh.

Apart from this, the company said that it had also installed a captive power plant of 15 MW and a malt maturation facility with a capacity of 10,000 barrels at the Sitapur site.

Spread over 107 acres the Sitapur greenfield project will not only add to the growth of the company's branded business but also secure extra-neutral alcohol (ENA) supplies to the local manufacturing as well as the contract bottling units.

Together with the Rampur campus, the ENA production from the Sitapur plant will be able to support branded business growth for the next 7-10 years.

Radico Khaitan is primarily engaged in the production of alcoholic beverages. Their business operations encompass a diverse portfolio of spirits, including whisky, rum, brandy and vodka.

The company is the largest manufacturer of Indian Made Foreign Liquor (IMFL), with a production capacity of 165 million litres per annum.

The Indian liquor industry is one of the fastest-growing alcoholic industries in the globe. For more, check out the top liquor companies in India.

Samhi Hotels IPO Booked 4 Times

Moving on, the public issue of privately held Samhi Hotels received a good response from qualified institutional buyers on the final day of bidding on 18 September, with bids for 253.1 m equity shares against an offer size of 62.5 m, leading to a subscription of 4.05 times.

Qualified institutional buyers (QIB) who are generally considered medium-to-long investors, have bought 6.79 times the allotted quota, which is 75% of the total issue size. However, the issue has not received enough support from high net-worth individuals and retail investors, who subscribed for 69% and 96% shares of the portion set aside for them, which is 15% and 10% of the total offer.

Samhi Hotels, a prominent branded hotel ownership and asset management platform in India, aims to raise Rs 1,370.1 crore from the public issue at the upper price band.

It comprises a fresh issue of shares worth Rs 12 bn, and an offer-for-sale (OFS) of 13.5 m shares worth Rs 1.7 bn by three selling shareholders.

Singapore-based Blue Chandra, owned by Equity International Fund V, Goldman Sachs Investments Holdings (Asia), and GTI Capital Alpha are the selling shareholders in the OFS.

For more information on IPOs, check out the list of upcoming IPOs.

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!

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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

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Indian Share Market Update: Top Gainers and Losers