Sensex Today Trades Flat | Nifty Below 25,950 | Easy Trip Planners Drops 7%

Wed, 25 Sep 10:30 am

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Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts.

Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after the yen strengthened against the dollar in the prior two sessions.

US stocks drifted higher, erasing earlier losses as swaps traders' conviction in deep interest-rate cuts this year solidified and a jump in Nvidia's shares.

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	163.64	0.57	0.35%	164.55	162.03	193.3	121.46
Apple	227.37	0.9	0.40%	229.35	225.73	237.23	164.08
Meta	563.33	-1.08	-0.19%	567.75	554.19	573.98	279.4
Tesla	254.27	4.27	1.71%	257.19	249.05	271	138.8
Netflix	722.26	16.89	2.39%	722.44	704.45	722.44	344.73
Amazon	193.96	0.08	0.04%	195.37	190.13	201.2	118.35
Microsoft	429.17	-4.34	-1.00%	433.35	426.1	468.35	309.45
Dow Jones	42208.22	83.57	0.20%	42281.06	42056.82	42281.06	32327.2
Nasdaq	19944.84	92.65	0.47%	19984.47	19739.67	20690.97	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 25 points higher and NSE Nifty is trading 7 points higher.

Hindalco, Tata Steel and JSW Steel among the top gainers today.

Asian Paints, Bajaj Auto and Shriram Finance 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 0.2% lower and the BSE Smallcap index is trading 0.1% higher.

Sectoral indices are trading mixed today with stocks in power sector and metal sector witnessing most buying. Meanwhile stocks in telecom and realty sector are witnessing selling pressure.

The rupee is trading at Rs 83.56 against the US dollar.

In commodity markets, gold prices are trading 0.3% higher at Rs 75,243 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, even though the China+1 megatrend was relatively short lived in terms of stock market gains, India's logistics boom is here to stay.

Such a boom could play out for several decades as India's manufacturing, exports and domestic consumption continue to grow.

Tanushree Banerjee, Research Analyst talks about some niche players are the hidden and indirect beneficiaries of India's logistics boom.

Tune in for more

Easy Trip Planners Block Deal

Travel tech platform Easy Trip Planners Ltd's promoter Nishant Pitti will likely sell up to 8.5% of his stake in the company through block deals, with an estimated block size of Rs 6.2 billion (bn).

The indicative price for the sale is set at Rs 41.5 per share, according to multiple people familiar with the development.

As of the end of the first quarter, Pitti held a 28.13% stake in Easy Trip Planners.

Last week, EaseMyTrip said it's focusing on scaling its YoloBus initiative, to expand its fleet to 2,000 electric buses over the next four years. Currently, YoloBus operates with 80 buses, but EaseMyTrip Co-Founder Prashant Pitti sees electric vehicles (EVs) as a game-changer due to their favourable operational and servicing costs.

According to Pitti, YoloBus has been a highly successful venture for the company, and the switch to EVs promises significant cost advantages. Easy Trip Planners is also diversifying into medical tourism, with its board approving two acquisitions valued at Rs 900 m.

The first involves a 30% stake in Rollins International, a Singapore-based wellness and health supplements subsidiary of RHA Holding PTE, acquired through a Rs 600 m share swap. The second deal involves EaseMyTrip acquiring a 49% stake in Pflege Home Healthcare, a Dubai-based home healthcare provider, for Rs 300 m via a combination of cash and shares.

KEC International Launches QIP

Infrastructure company KEC International Ltd on Tuesday (24 September) announced the opening of its Qualified Institutional Placement (QIP) of equity shares, following approvals from its Board of Directors and shareholders.

The QIP floor price has been set at Rs 976.64 per share. The board had initially approved the QIP on 26 July 2024, and a special resolution was passed during the annual general meeting held on 22 August 2024.

The company's Committee of Directors has now authorised the opening of the issue, approved the floor price, and adopted the preliminary placement document. The company reserves the right to offer a discount of up to 5% on the floor price, which is in line with SEBI guidelines.

The final issue price will be determined in consultation with the book-running lead managers appointed for the QIP. The preliminary placement document has been filed with BSE and NSE.

KEC International has now received orders worth over Rs 123 bn in the first half of the current financial year.

That is nearly 70% of the Rs 181 bn worth of orders it received in all of the financial year 2024.

The recent addition comes after the company announced that it had won orders worth Rs 10 bn across various businesses on 22 September. KEC International's railways business has won an order for a tunnel ventilation system and associated works in India.

It has also secured an order in the industrial segment for civil and mechanical works for a steel plant in India. The company's cable business has won orders for the supply of various types of cables in India and overseas.

Tata Power Reports Fire Incident

Tata Power said there was a fire incident at its Trombay Plant on 23 September, and while no injuries or loss of life have been reported, the company is currently investigating the cause of fire and work is underway to restore normal operations.

The fire incident took place at the Control Room of Unit No. 5 (500 MW unit) of the Trombay Plant.

The company is in the process of assessing the actual damage caused by the fire.

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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