Sensex Today Trades Lower | Vedanta Sinks 5% | Nestle & Eicher Motors Top Losers

Wed, 27 Sep 10:30 am

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Asia stocks traded mixed as benchmark US Treasury yields hit multi-year highs.

The Nikkei is trading 0.6% lower while the Hang Seng index is up 0.8%. The Shanghai Composite is trading up by 0.3%.

US stocks tumbled on Tuesday after a slew of economic data stoked fears about the US economy's cloudy outlook and further interest rate hikes from the Federal Reserve.

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	129.85	-2.32	-1.76%	131.41	128.19	139.93	83.45
Apple	171.96	-4.12	-2.34%	175.2	171.66	198.23	124.17
Meta	298.96	-1.87	-0.62%	300.3	296.01	326.2	88.09
Tesla	244.12	-2.87	-1.16%	249.55	241.66	299.29	101.81
Netflix	379.25	-5.55	-1.44%	384.56	377.36	485	211.73
Amazon	125.98	-5.29	-4.03%	130.39	125.28	145.86	81.43
Microsoft	312.14	-5.4	-1.70%	315.88	310.02	366.78	213.43
Dow Jones	33,618.90	-388	-1.14%	33,879.93	33,569.60	35,679.13	28,660.94
Nasdaq	13,063.60	-207.7	-1.57%	13,199.13	13,033.40	14,446.55	10,088.83

Data Source: Equitymaster

Back home, Indian share markets are trading flat. At present, the BSE Sensex is trading 215 points down and NSE Nifty is trading 45 points lower.

Cipla and Dr Reddy are among the top gainers today.

Nestle and Eicher Motors 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 0.4%.

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

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

The rupee is trading at Rs 83.22 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 58,807 per 10 grams today.

Meanwhile, silver prices are trading 0.8% lower at Rs 71,220 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, when it rains, it pours.

If you don't believe in this phrase, just ask the Delta Corp management. They will tell you from their first-hand experience that the phrase is pretty much valid and can make life very, very difficult.

Talking of a difficult life, the share price performance of Delta Corp Ltd has certainly made the life very difficult for its investors and management alike.

What now though? Is the risk-reward equation in favour of investors or is there very high unpredictability?

In the below video, Cohead of research, Rahul Shah answers all this in the video below.

Adani Ports Buyback Plan

Adani Ports and Special Economic Zone will buy back as much as US$ 195 million (m) of its notes due 2024 at a discount to their issue price, the Indian firm's second tender offer for the notes in just a few months.

The company, part of the conglomerate backed by billionaire Gautam Adani, said it would fund the purchase from its cash reserves.

For debt tendered by 11 October, the firm will pay US$ 975 for every US$ 1,000 in principal. Thereafter the offer price drops to US$ 965 per US$ 1,000.

The Adani group has been trying to rebuild investor confidence in recent months after a Hindenburg Research report alleging corporate malfeasance caused a selloff in its bonds and shares.

Apart from this, promoters of the company have also been buying shares from the open market in recently.

Adani Ports share price has outperformed benchmark Nifty 50 in recent months. Here's Why Adani Ports Share Price is Rising.

REC Signs MoU with PNB

REC and Punjab National Bank (PNB) on Tuesday announced the signing of a Memorandum of Understanding (MoU) to jointly fund projects in the power sector and infrastructure & logistics sector.

The collaboration aims to co-finance debts totalling Rs 550 bn over the next three years under a consortium arrangement.

Established in 1969 under the Ministry of Power, REC Limited has a history of providing long-term loans and other financial products tailored for the power-infrastructure sector, which includes generation, transmission, distribution, renewable energy, electric vehicles, battery storage and more.

In addition to its power-focused endeavours, REC has diversified its portfolio to support projects in the non-power infrastructure sector, including metro rail, roads & expressways, airports, IT communication, and social & commercial infrastructure.

REC is one of the leading finance sector stocks in India.

India's financial sector is robust and dynamic, with many companies offering a wide range of investment and financial services to customers. Here check out top investment and finance companies in India.

Shree Renuka Sugar Acquires Anamika Sugar Mills

Shree Renuka Sugars' share price gained in the early trade on 27 September after the company acquired a 100% stake in Anamika Sugar Mills, setting itself for establishing a presence in Uttar Pradesh.

The company entered into a binding agreement with Anamika Sugar Mills Private Limited to acquire Anamika for Rs 2.4 bn.

The object is to establish a presence in Uttar Pradesh and to cater to the markets of north and east India.

The acquisition would enable the company to gain access to the sugarcane catchment area with a significant reduction in lead time for setting up the plant in Uttar Pradesh and easy access to labour. The company may expand, alter or modernise the plant based on its needs and preferences.

The board also approved the raising of funds through unsecured, non-convertible debentures by private placement, subject to necessary approvals.

Sugar is a significant agricultural commodity in India, with the country being one of the world's largest producers of sugar.

Check out the list of the top sugar companies in India that have been contributing to the growth of the sugar industry.

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