Sensex Today Trades Flat | Eicher Motor Jumps 4% | Tata Steel & Bajaj Auto Among Top Gainers

Tue, 26 Sep 10:30 am

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Asian shares mostly sank today over worries about a possible US government shutdown and the troubled Chinese economy.

The Nikkei is trading 0.6% lower while the Hang Seng index is down 0.9%. The Shanghai Composite is trading down by 0.2%.

US stocks declined on Monday clawed back some of their steep losses from last week.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	132.17	0.92	0.70%	132.22	130.03	139.93	83.45
Apple	176.08	1.29	0.74%	176.97	174.15	198.23	124.17
Meta	300.83	1.75	0.59%	300.95	293.7	326.2	88.09
Tesla	246.99	2.11	0.86%	247.1	238.31	299.29	101.81
Netflix	384.8	4.99	1.31%	386.62	380.81	485	211.73
Amazon	131.27	2.15	1.67%	131.78	128.77	145.86	81.43
Microsoft	317.54	0.53	0.17%	317.67	315	366.78	213.43
Dow Jones	34,006.90	43	0.13%	34,017.53	33,780.67	35,679.13	28,660.94
Nasdaq	13,271.30	59.5	0.45%	13,277.83	13,132.00	14,446.55	10,088.83

Data Source: Equitymaster

Back home, Indian share markets are trading flat. At present, the BSE Sensex and NSE Nifty is trading flat.

Tata Steel and Bajaj Auto are among the top gainers today.

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

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.2% higher and the BSE Small Cap index is trading higher by 0.6%.

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

Shares of Trent and TVS Motors hit their 52-week high today.

The rupee is trading at Rs 83.18 against the US dollar.

In commodity markets, gold prices are trading marginally lower at Rs 58,651 per 10 grams today.

Meanwhile, silver prices are trading 0.5% lower at Rs 71,817 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 favourite of traders in the stock market these days.

Some of these stocks have hit new highs.

But what do the charts say?

In the below video, Chartist, Brijesh Bhatia explains how to trade PSU bank stocks now.

Wipro Sells Land in Chennai

IT services company Wipro on Monday (25 September) said it has completed the sale of a sizeable prime property in Chennai, Tamil Nadu.

The transaction, which took place on Monday, involved the sale of a 14.02-acre plot of land along with a 20-year-old building measuring approximately 589,778 square feet.

Casagrand Bizpark Private Ltd emerged as the buyer, acquiring the property for a sale consideration of Rs 266.38 crore,

The prime piece of real estate is situated at No. 475-A, Wipro Street, Sholinganallur, Chennai. Importantly, the transaction is not categorised as a related party transaction, affirming its arms-length nature.

Wipro's shares have fallen by 28.3% from April 2022 to April 2023.

For more, check out Wipro Share Price: Is the Downtrend Finally Over?

RPP Infra new order win

RPP Infra Projects on Monday, 25 September 2023, informed the stock exchanges that it has received a letter of acceptance (LoA) for new projects worth Rs 4.8 bn.

The order is for the road and drain works-1, provision of civil works and allied services for the Engine Test Facility along with ancillary work, and Thoothukudi Corporation - Construction of Storm Water Drain.

Furthermore, RPP Infra Projects Ltd and Sun Construction's joint venture RPP-Sun with a ratio of 51% and 49%, respectively have received orders worth Rs 74.87 Crore (Incl GST).

The respective project is Twad - Improvement of existing CWSS to Pudukkottai municipality and three Town Panchayats and fifteen wayside habitations in Pudukkottai district, Tamil Nadu.

RPP Infra Projects Limited is a small-cap construction sector company engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management.

When it comes to real estate stocks, you need to be very careful about the management quality. Poor accounting and lack of corporate governance have been the reason for many large realty companies performing poorly in the past.

Also, a big drag on real estate players is high debt. So you need to check the debt-to-equity ratio. To know the top real estate stocks, check out Equitymaster's stock screener for the best real estate stocks in India.

ITC's overseas acquisition

ITC on Monday said that it may look at an acquisition in the overseas market for the company's consumer business. ITC's fast-moving consumer goods (FMCG) business has the maximum growth potential.

The company has grown faster than the industry. It aspires to improve the FMCG margins by 80-100 basis points annually.

On the soon-to-be-demerged hotel business, ITC chairman and MD, Sanjiv Puri said he does not foresee a significant need for capital raising.

He said the hotel business will have no debt and it will be able to fund its expansion over the next 2-3 years.

As per the scheme of arrangement announced in July, ITC will hold a stake of close to 40% in the new entity, while the remaining 60% will be held by the company's shareholders, proportionate to their shareholding in the company.

He expected ITC's overall return on capital employed (RoCE) to improve by 20% with the hotel business demerger process.

However, ITC has opened 18 hotels in the last 16 months and that the company will look to expand its hotels' presence in tier 2 cities and beyond.

ITC is one of the best dividend-paying stocks. We did an editorial back in January 2022 listing the best dividend stocks you can count on.

Apart from that, we also covered an editorial a couple of months ago explaining why the prospects for ITC look good. You can read it here - ITC: Load, Aim...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!

Read the latest Market Commentary

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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Indian Share Market Update: Top Gainers and Losers