Sensex Today Ends Flat | Bajaj Finance Jumps 4% | Coal India & Apollo Hospitals Among Top Gainers

Mon, 25 Sep Closing

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After opening the day flat, Indian share remained volatile as session progressed and ended the day marginally changed.

Benchmark indices on Monday hit a more-than-two-week low as information technology stocks continued to fall.

At the closing bell on Friday, the BSE Sensex stood 15 points higher.

Meanwhile, the NSE Nifty closed marginally changed.

Coal India and Apollo Hospital were among the top gainers today.

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

The GIFT Nifty was trading at 19,703, up by 60 points, at the time of writing.

The BSE Mid Cap index is trading 0.5% higher and the BSE Small Cap index ended marginally higher.

Sectoral indices ended mixed, with stocks in the realty sector and finance sector witnessing buying. Meanwhile stock in the IT sector and capital goods sector witnessed selling.

Shares of Trent and Coal India hit their 52-week high today.

The rupee is trading at Rs 83.16 against the US dollar.

Asia-Pacific markets ended mixed.

The Nikkei index ended 0.9% higher, Hang Seng index ended 1.8% lower, while the Shanghai Composite ended 0.5% lower.

In commodity markets, gold prices are trading marginally lower at Rs 58,873 per 10 grams today.

Meanwhile, silver prices are trading marginally lower at Rs 73,248 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, PSU banking stocks are on fire. They are big favorite of traders in the stock market these days.

Some of these stocks have hit new highs.

But what do the charts say?

TCS expands Standard Bank partnership

In news form the IT sector, Tata Consultancy Services has expanded its partnership with the Standard Bank Group (SBG), the largest custodian in Africa. This is to centralise and standardise its custody and securities settlement operations in over 15 markets with the TCS BaNCS Global Securities Processing Platform.

SBG operates the largest custody network in sub-Saharan Africa, with US$ 635 bn in assets under custody and administration, standing at the forefront of capital market development in the continent.

To further streamline its custody and settlement processes and build greater resilience in its operations by having all its critical business operations running in the cloud by 2026, the bank sought to upgrade its existing platform and leverage next-generation technologies.

Standard Bank Group chose Tata Consultancy Services, its strategic partner of 25 years, to plan and execute this technology transformation.

TCS BaNCS Global Securities Platform was at the core of this transformation to enable real-time settlement, reporting, and high-performance services.

Eight of the top 10 custodians worldwide run on TCS BaNCS, and in South Africa, more than 95% of custody transactions are handled by the solution.

The solution aims to empower organisations with an advanced digital core and intelligent decision-making using cognitive technologies and superior client servicing across multiple channels.

Tata Consultancy Services (TCS) is a bright shining star in the galaxy of Tata Group companies.

TCS has been one of the favourite stocks of investors because of the performance it has delivered since its listing.

If you had invested Rs 1 lakh in TCS shares at the issue price of Rs 850 in the IPO in 2004, the value of that investment today would be around Rs 3,176,000, a return of almost 3,000% by August 2022.

With strong fundamentals, it stands among the 5 best long-term companies of 2023.

Why is DCX share price rising?

Moving on to news from the defence sector, DCX Systems shares were trading 2% higher on 25 September 2023 after the company announced that its subsidiary Raneal Advanced Systems had received all necessary approvals for the production of printed circuit board assembly (PCBA).

The company is now ready to commence commercial production of PCBAs from September 25 onwards.

A PCBA is a vital component in electronic devices.

It serves as the backbone, connecting and supporting various electronic components like resistors, capacitors, integrated circuits, and connectors. This allows them to communicate and function as intended.

DCX Systems is engaged in the business of providing technology solutions and services. Its offerings include network management systems, software applications, and customised IT solutions.

Power grid Clears the Second Tranche

Molving on to news from the power sector, State-run Power Grid Corporation, on Monday, approved raising Rs 22.5 bn in its second tranche as part of its fundraising plans.

The proceeds will be used to part-finance the company's capex requirements, to provide inter-corporate loans to its wholly owned subsidiaries and joint ventures, and for general corporate purposes.

This will be done by securitisation of cash flows of four operational Special Purpose Vehicles, Power Grid Bhuj Transmission, Power Grid Khetri Transmission System, Power Grid Medinipur Jeerat Transmission System and Power Grid Varanasi Transmission System, up to March 2034.

Power Grid's bond issue will consist of a base issue size of Rs 5 bn, with a green shoe option of Rs 17.5 bn.

The bonds are redeemable at par in 10 equal instalments, and interest payments will be made every year.

Power Grid's fundraising is part of the Rs 57 bn it had approved raising via bonds in July this year. The company has a capex plan of Rs 88 bn for the financial year 2024, which the company's management is confident of surpassing.

It is among Top 5 Power Companies in India by Growth.

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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