Sensex Today Trades Lower | SJVN Tanks 9% | TCS & ICICI Bank Among Top Losers

Thu, 21 Sep 10:30 am

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Asian shares sank on Thursday as the prospect of higher US interest rates crimped the appeal of risk-driven assets.

The Nikkei is trading 1.2% lower while the Hang Seng index is down 1.3%. The Shanghai Composite is trading down by 0.6%.

US stocks declined on Wednesday after the Federal Reserve left key interest rates unchanged but said it could hike rates again this year.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	134.59	-4.24	-3.05%	138.84	134.52	139.93	83.45
Apple	175.49	-3.58	-2.00%	179.7	175.4	198.23	124.17
Meta	299.67	-5.4	-1.77%	308.06	299.43	326.2	88.09
Tesla	262.59	-3.91	-1.47%	273.93	262.46	313.8	101.81
Netflix	386.3	-9.9	-2.50%	397.99	386.12	485	211.73
Amazon	135.29	-2.34	-1.70%	139.37	135.2	145.86	81.43
Microsoft	320.77	-7.88	-2.40%	329.59	320.51	366.78	213.43
Dow Jones	34,440.90	-76.9	-0.22%	34,776.28	34,434.29	35,679.13	28,660.94
Nasdaq	13,469.10	-209.1	-1.53%	13,727.81	13,467.28	14,446.55	10,088.83

Source: Equitymaster

Back home, Indian share markets are trading on a negative note following the trend on SGX Nifty.

At present, the BSE Sensex is trading lower by 337 points. Meanwhile, the NSE Nifty is trading down by 90 points.

Hindalco and UPL are among the top gainers today.

TCS and Grasim on the other hand are among the top losers today.

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

Sectoral indices are trading on a mixed note with stocks in the realty sector and metal sector are witnessing buying. While stocks in FMCG sector and banking sector witnessing selling pressure.

Shares of Polycab India and Glenmark Pharma hit their 52-week high today.

The rupee is trading at Rs 83.06 against the US dollar.

In commodity markets, gold prices are trading 0.6% lower at Rs 59,052 per 10 grams today.

Meanwhile, silver prices are trading 1.3% lower at Rs 72,311 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, owning scores of stocks delivering 15% annual rate of return or thereabouts is not a bad idea.

But do not cut the potential mango tree along with the grass.

Only then will you have a few 15% return contenders getting converted into the 15 baggers of your portfolio over time.

In the below video, Research Analyst, Tanushree Banerjee talks about catalyst to convert 15% CAGR into 15x return.

Infosys To Build GenAI

Information Technology (IT) giant Infosys and Nvidia have furthered their strategic partnership, aiming to empower businesses to enhance productivity through the utilisation of GenAI apps and solutions.

This partnership will incorporate the Nvidia AI Enterprise ecosystem into Infosys Topaz, including models, tools, runtimes, and GPU systems.

Infosys Topaz is an AI-centric suite of services, solutions, and platforms designed to accelerate business value using GenAI technologies.

Through this integration, Infosys will create offerings that customers can quickly adapt to integrate GenAI into their businesses.

This hub will be dedicated to training and certifying 50,000 of its employees in Nvidia AI technology, thus providing GenAI expertise to its extensive network of customers across various industries.

In a separate initiative earlier this month, Nvidia announced its intention to upskill over 600,000 employees of Tata Consultancy Services, India's largest IT services firm, in AI skills.

The partnership with Infosys is part of Nvidia's broader plan to collaborate with other IT services companies and Indian universities to train employees and students in AI.

Infosys is utilising the full-stack Nvidia GenAI platform, including both hardware and enterprise-grade software, to innovate across its business operations. This includes assisting customers in creating GenAI applications for various aspects of business operations, such as sales and marketing.

Additionally, this collaboration extends to digitalisation apps, with a particular focus on developing solutions for enterprise use cases.

Infosys and Nvidia are also jointly working on AI-powered solutions in areas such as 5G, cybersecurity, and energy transition.

Infosys is among the beaten-down IT stocks that could potentially stage a comeback. For more, check out the Top 5 IT Stocks that are still Undervalued. Worth a Look?

M&M Crosses 2 trillion Mark

The market capitalisation of Mahindra and Mahindra crossed the Rs 2 tn mark, helped by a strong order book in the SUV segment and leadership position in the tractor segment.

The automaker's market cap has doubled in less than one-and-a-half years - from Rs 1 tn in April 2022 to over Rs 2 tn this week. M&M's market cap hit Rs 2 tn mark on Monday.

The incremental m-cap in the last two years is more than the incremental market value the firm had over the last decade.

Capital allocation actions have led to an overall better financial performance, with several non-accretive divestments completed.

Mahindra's auto and farm businesses are industry leaders and are looking to capitalise on market leadership positions. It is the No. 1 revenue market share in the SUV segment and has about 50% market share of LCV.

Its dominance in the domestic tractor segment has seen its market share rise by about 3% in the last two years.

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.

Take a look at the chart below, which shows the massive opportunity in the two-wheeler EVs.

It remains to see how it pans out.

M&M is among top 5 Indian stocks with consistently rising operating margins.

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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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