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Sensex Today Trades Flat | Nifty Above 26,000 | Prism Johnson Jumps 5%
Fri, 27 Sep 10:30 am

Sensex Today Trades Flat | Nifty Above 26,000 | Prism Johnson Jumps 5%Image source: dominic/www.istockphoto.com

Asian markets traded mixed on Friday following overnight rally on Wall Street and supported by China's policy stimulus measures.

Japan's Nikkei 225 gained 0.5%, while the Topix fell 0.2%. South Korea's Kospi declined 0.2%, while the Kosdaq fell 0.2%.

US stock market ended higher on Thursday, with the S&P 500 scoring a record closing high, amid strong economic data.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet163.830.840.52%165.5163.5193.3121.46
Apple227.521.150.51%228.5225.41237.23164.08
Meta567.84-0.47-0.08%577.4562.35577.4279.4
Tesla254.22-2.8-1.09%261.75251.53271138.8
Netflix711.43-10.13-1.40%725.26701.72725.26344.73
Amazon191.16-1.37-0.71%194.53189.54201.2118.35
Microsoft431.31-0.8-0.19%435.3429.13468.35309.45
Dow Jones42175.1260.360.62%42224.1542036.342299.632327.2
Nasdaq20115.5142.930.72%20273.3199672069114058.3
Source: Equitymaster

At present, the BSE Sensex is trading 20 points higher and NSE Nifty is trading 12 points higher.

Infosys, HCL Tech, Wipro among the top gainers today.

ONGC, L&T and Bharti Airtel 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% higher and the BSE Smallcap index is trading 0.4% higher.

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

The rupee is trading at Rs 83.64 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 76,293 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

Nifty 50 September Rejig

Defence PSU stock Bharat Electronics Ltd (BEL) and Tata Group company Trent will enter the NSE's benchmark Nifty 50 index in its September reshuffle.

On the contrary, LTIMindtree and Divi's Laboratories are likely to be excluded from the Nifty 50 index.

These changes would lead to an inflow worth US$ 500 million (m) in Trent and US$ 440 m in BEL.

The counters will have a weight of 1.4% and 0.9% respectively.

LTIMindtree and Divi's Laboratories are estimated to witness an outflow of US$ 210 million and US$ 260 million, respectively.

The Index Maintenance Sub-Committee (Equity) of NSE Indices has decided to change various Nifty equity indices as part of the semi-annual review of broad market indices.

Only stocks available for trading in NSE's Futures & Options (F&0) segment are eligible for inclusion in the Nifty 50 index.

More than 70 stocks currently qualify for F&O inclusions based on the quantitative criteria but have not made the cut as the capital markets regulator has yet to approve them.

RITES Consortium Emerges as Lowest Bidder

A RITES Ltd-led consortium has emerged as the lowest bidder in a tender floated by Delhi Metro Rail Corp and valued at Rs 875.8 m.

Of the total tender value, the share of RITES is 49%, or approximately Rs 429.1 m, including goods and services tax.

The consortium is required to execute the order within three years from the date of issuance of letter of award.

The state-owned undertaking recently announced a 1:1 bonus share allotment and a final dividend of Rs 5 per share for eligible shareholders. The PSU's stock price has gained over 45% so far this year.

RITES, formerly known as Rail India Technical and Economic Service Limited, is a Navratna central public sector undertaking under India's Ministry of Railways.

It was incorporated in 1974 and is a multidisciplinary engineering and consultancy organisation providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.

The company is a leading player in the transport consultancy and engineering sector in India.

Rites Share Price Performance - 1 Year

HDFC to Reduce Credit Book

Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about Rs 60 bn (US$ 717 m), seeking to further lighten its credit load amid regulatory pressures on the industry.

The portfolio was sold to about half a dozen state-controlled banks through private deals.

The Mumbai-based bank also unloaded another pool of car loans worth about Rs 90.6 billion, securitized in a fixed-income product called pass-through certificates.

The lender had been engaged in talks to offload the pool to about a dozen local asset management companies.

The deals confirm India's largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector's credit-deposit ratios - a measure of how much of an institution's deposits are being lent out.

The portfolio sales would help HDFC Bank improve its ratio which has worsened in recent years as credit growth outpaced deposits in the nation and following its merger with mortgage lender Housing Development Finance Corp.

The buyers who subscribed to the pass-through certificates, backed by HDFC's car loans, included ICICI Prudential AMC, Nippon Life India Asset Management Ltd., SBI Funds Management Pvt. and Kotak Mahindra Asset Management.

The certificates offered yields in the range of 8.0% to 8.2% monthly for three tranches.

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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