Sensex Today Ends 237 Points Higher | Nifty Above 25,400 | KPR Mills Rallies 9%

Thu, 19 Sep Closing

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After opening the day on firm footing, Indian benchmark indices remained positive as the session progressed and ended the day higher.

Benchmark equity indices, the BSE Sensex and NSE Nifty50, retreated from record high levels.

At the closing bell, the BSE Sensex stood lower by 237 points (up 0.3%).

Meanwhile, the NSE Nifty closed higher by 38 points (up 0.2%).

NTPC, Titan and HUL among the top gainers today.

BPCL, ONGC and ONGC on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,500 up by 100 points at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.5% lower and BSE SmallCap index ended 1% lower.

Sectoral indices were trading mixed with socks in banking sector and realty sector witnessing buying speer. Meanwhile stocks in telecom sector and oil & gas sector witnessed selling pressure.

Info Edge, Britannia and Voltas hit their respective 52-week highs today.

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...

The rupee is trading at 83.66 against the US$.

Gold prices for the latest contract on MCX are trading 0.6% higher at Rs 73,512 per 10 grams.

Meanwhile, silver prices were trading 2.3% higher at Rs 90,340 per 1 kg.

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Why Vodafone India Share Price is Falling

In news from the telecom sector, Shares of debt-ridden telecom operator Vodafone Idea on Thursday crashed 15% to hit the lower circuit after the Supreme Court rejected a request by telecom companies in the re-computation of Adjusted Gross Revenue (AGR) case.

Last year, Airtel and Vi had requested the apex court to hear in the "open court" their curative petitions against an earlier order, which rejected the pleas for rectification of what they called arithmetical errors in DoT's calculation of AGR dues.

For Vi, in 2019, the Supreme Court confirmed the AGR demand raised by the Department of Telecom which translated into a burden of Rs 580 bn. With the interest levy, that burden has now gone up to Rs 703.2 bn as of the end of FY24.

Vodafone Idea's curative plea in the AGR case had sought three key remedies: correction of any errors in the AGR demand calculations; a reduction of the penalty to 50% of the total shortfall amount; and an adjustment of the interest rate on the penalty to 2% above the State Bank of India's (SBI) prime lending rate.

Vodafone Idea is an Aditya Birla Group and Vodafone group partnership. It's among India's leading telecom service providers.

The company provides pan India voice and data services across 2G, 3G, and 4G platforms.

On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea. Vodafone holds a 45.1% stake in the combined entity and Aditya Birla Group holds a 26% stake.

DCX System Jumps 5%. Here's Why

Moving on to news from the defence sector, shares of DCX Systems surged 5% on 19 September 2024 after the company announced it received an export order from Israel's Elta System worth Rs 1.5 bn.

In a regulatory filing to the exchanges, DCX Systems said that the order is related to the supply of RF Electronic Modules and is expected to be completed within 12 months.

This is the second order win in 2 days after its subsidiary secured an industrial license from the Cochin Special Economic Zone (CSEZ) to manufacture and test microwave submodules, along with avionics and defence electronic equipment.

The newly acquired license permits DCX Systems' wholly-owned subsidiary to manufacture items classified under CATEGORY-A, according to the Ministry of Defence Security Manual. These products are considered highly classified and sensitive, representing the highest level of security in defence manufacturing.

The granted license is valid for 15 years.

In the recently concluded June quarter, DCX Systems reported a 19% year-on-year decline in revenue, with net profit plunging by 69%. The company also recorded an operating loss of Rs 48 m, primarily due to rising costs.

Arkade Developers IPO Oversubscribed 43x

Moving on, the initial public offering (IPO) of Arkade Developers, which opened for subscription on September 16, has been subscribed 42.7 times on Thursday so far, the last day of the bidding process.

Around 1 pm, the issue witnessed robust demand from the non-institutional investors and the retail investors, subscribing to the issue over 100 times and 42 times respectively, followed by the qualified institutional buyers (QIBs) who had subscribed to the issue by 90%.

Ahead of the issue opening, the GMP for Arkade Developers was at Rs 85, suggesting a 66% premium over the issue price at the upper price band.

The issue is completely a fresh equity sale of Rs 4.1 bn. In the public offer, about 50% is reserved for qualified institutional buyers, 35% for retail investors, and the rest 15% for non-institutional investors.

The price band has been fixed at Rs 121-128 per equity share, where investors can bid for 110 shares in one lot.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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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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