Sensex Today Hits Record High | Nifty Above 25,550 | IT & Realty Stocks Shine

Thu, 19 Sep 10:30 am

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Asian stocks rose along with US equity futures after the Federal Reserve cut interest rates by half a percentage point and signaled further easing in the months ahead.

Japanese equities rallied in early trading, helped along by fresh weakness in the yen against the dollar.

US stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high side of estimates for its first cut in more than four years.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	160.81	0.53	0.33%	161.63	159.66	193.3	121.46
Apple	220.69	3.9	1.80%	222.71	217.54	237.23	164.08
Meta	537.95	1.64	0.30%	544.2	533.9	544.21	279.4
Tesla	227.2	-0.67	-0.29%	235.68	226.88	273.93	138.8
Netflix	690.47	-16.44	-2.33%	707.55	688	711.33	344.73
Amazon	186.43	-0.45	-0.24%	188.8	185.06	201.2	118.35
Microsoft	430.81	-4.34	-1.00%	436.03	430.41	468.35	309.45
Dow Jones	41503.1	-103.08	-0.25%	41981.97	41449	41981.97	32327.2
Nasdaq	19344.49	-87.9	-0.45%	19643.51	19330.81	20690.97	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 688 points higher and NSE Nifty is trading 191 points higher.

NTPC, Wipro and Tech Mahindra among the top gainers today.

ONGC, BPLCL and HCL Tech the other hand are among the top losers today.

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.

Broader markets are trading on positive. The BSE Midcap index is trading 0.7% higher and the BSE Smallcap index is trading 0.5% higher.

Sectoral indices are trading positive today with stocks in IT sector and realty sector witnessing most buying.

The rupee is trading at Rs 83.70 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 72,920 per 10 grams 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...

Speaking of the stock market, Warren Buffett, the legendary investor, once famously advised individuals to invest in low-cost index funds.

But is this advice still relevant today, especially for Indian investors?

With the surge in passive funds, it's time to re-evaluate whether active or passive investing is the better strategy.

Rahul Shah, Co-head of research at Equitymatser talks about the pros and cons of both approaches and decide which one aligns best with your investment goals.

Tune in for more

NTPC Green Energy Files for IPO

NTPC Ltd's renewable energy arm, NTPC Green Energy, has filed a draft red herring prospectus (DRHP) with SEBI to launch its much-anticipated Rs 100 bn initial public offering (IPO).

The public issue, which could become India's largest in 2024, will be entirely a fresh issue of equity shares, with no offer for sale from the promoter entities.

The IPO will feature a quota for existing shareholders of parent company NTPC Ltd, with a maximum of 10% of the issue earmarked under this category.

Investors holding shares of NTPC as of the date of filing the red herring prospectus (RHP) will be eligible to participate in this quota, providing an opportunity for NTPC shareholders to subscribe to the IPO.

NTPC Green Energy's management aims to unlock substantial value through the listing. The company's leadership had previously indicated that the IPO would be launched by the end of 2024, following a detailed plan laid out earlier in May.

The Rs 100 bn offering will mark the biggest share sale by a PSU since Life Insurance Corporation's Rs 210 bn IPO in May 2022.

NTPC Green Energy, incorporated in April 2022 to consolidate the parent company's renewable energy assets, currently has 3.3 GW of installed capacity, with an additional 5.9 GW under construction.

For more insights, check out - ONGC Green Energy IPO or NTPC Green Energy IPO - Which One are You Excited for?

IREDA Rs 45 Billion QIP

The Indian Renewable Energy Development Agency (IREDA) has received approval from the Union government to raise funds by selling fresh equity through qualified institutions placement (QIP).

This QIP allows them to raise funds by issuing new shares to institutional investors, like banks and mutual funds. The government, which is a majority shareholder in IREDA, will reduce its stake by issuing new shares.

Earlier, IREDA's board approved raising Rs 4,500 crore through any of the multiple avenues including an FPO or rights issue or preferential issue.

The company's market capitalisation was at about Rs 611.2 bn as of the last close.

As of the last update, the Government of India holds a 75% equity stake in IREDA. IREDA has a total paid-up equity and issued capital of Rs 22.8 bn, in 2.3 bn shares of face value of Rs 10 each.

For more, check out our editorial- Pros and Cons of Investing in IREDA Right Now.

Nazara Technologies Fundraising

Nazara Technologies announced its largest fundraiser to boost its growth trajectory. The company's board has approved a preferential equity issue to raise Rs 9 bn, subject to shareholder and regulatory approvals.

This capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company's ability to seize new growth opportunities.

The preferential equity issue amounting to Rs 9 bn will be placed with marquee investors such as SBI Mutual Fund, Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, Mithun and Siddharth Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments and Aamara Capital, further strengthening Nazara's financial foundation for long-term expansion.

These shares will be subject to SEBI regulations and lock-in requirements as per Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018.

When it comes to online gaming, Nazara has set a benchmark with its renowned IPs. The company owns several IPs, including Kiddopia, Animal Jam, and the World Cricket Championship.

It offers interactive gaming, e-sports, ad tech, and gamified early learning for users across India, Africa, and North America.

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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Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

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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