Sensex Today Trades Lower | Apar Industries Sinks 4% | Tech Mahindra & Asian Paints Top Losers

Thu, 28 Sep 10:30 am

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Asia stocks opened mostly lower on Thursday amid the mixed global cues dented by rising US bond yields, a rampant dollar, higher oil prices and increasingly fragile equity markets.

The Nikkei is trading 0.9% lower while the Hang Seng index is down 0.8%. The Shanghai Composite is trading up by 0.1%.

US stocks eked out a fractional gain on Wednesday after a see-saw session, as investors weighed whether to start bargain hunting.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	129.85	2.01	1.55%	131.41	128.19	139.93	83.45
Apple	171.96	-1.53	-0.89%	175.2	171.66	198.23	124.17
Meta	298.96	-1.22	-0.41%	300.3	296.01	326.2	88.09
Tesla	244.12	-2.12	-0.87%	249.55	241.66	299.29	101.81
Netflix	379.25	-1.66	-0.44%	384.56	377.36	485	211.73
Amazon	125.98	-1.77	-1.40%	130.39	125.28	145.86	81.43
Microsoft	312.14	0.65	0.21%	315.88	310.02	366.78	213.43
Dow Jones	33,618.90	-68.61	-0.20%	33731.65	33306.3	35679.13	28660.94
Nasdaq	13,063.60	34.33	0.24%	14657.21	14432.6	15932.05	10440.64

Data Source: Equitymaster

Back home, Indian share markets are trading flat. At present, the BSE Sensex is trading 100 points down and NSE Nifty is trading 27 points lower.

Bajaj Auto and Axis Bank are among the top gainers today.

Tech Mahindra and Asian Paints 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 flat and the BSE Small Cap index is trading higher by 0.4%.

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

Shares of Dixon Technologies and L&T hit their 52-week high today.

The rupee is trading at Rs 83.21 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 58,190 per 10 grams today.

Meanwhile, silver prices are trading marginally higher at Rs 70,580 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, recently, something interesting has happened in the aviation space.

The country flew its first commercial flight from Pune to New Delhi. It was powered by Sustainable Aviation Fuel, or SAF blended Aviation turbine jet fuel.

You see, as India becomes signatory to CORSIA - or Carbon Offsetting and Reduction Scheme for International Aviation. It calls for compulsory blending of SAF from 2027.

Even at just 1% blending of SAF, the requirement for SAF will be 14 crores litres.

Now SAF is a second stage fuel, and it is produced from ethanol. This itself would create an additional requirement of 28 crore liters per annum of ethanol.

In the below video, Hidden Treasure, Richa Agarwal talks about a specific company in the biofuel economy that has enabled these feat and could be a big beneficiary of this mandate.

Dixon subsidiary partners with Xiaomi

Dixon Technologies India informed the stock exchanges on September 27 that its wholly owned subsidiary Padget Electronics Private has agreed with Xiaomi Technology India Private Limited for the manufacturing of smartphones and other related products for Xiaomi.

The production will take place at Padget's manufacturing facility situated in Noida, Uttar Pradesh.

This collaboration will leverage their strong track record of execution, and Xiaomi's expertise and leadership within the Indian business landscape.

Dixon Technologies India sees Xiaomi as a perfect ally that aligns with its fundamental principles of quality, engineering expertise, and a commitment to customer satisfaction.

Additionally, Dixon's wholly-owned subsidiary, Padget Electronics, is among the select few companies approved for the Government of India's PLI scheme.

Shares of Dixon Technologies have risen more than 600% in the last five years. In comparison, the Sensex has risen 73% during the same period.

With such substantial gains, Dixon Technologies is Top 4 Semiconductor Stocks that are Outperforming the Market.

Tata Power Renewable to set up solar plant

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, plans to construct a 41-megawatt (MW) captive solar plant in Thoothukudi, Tamil Nadu.

The facility will serve TP Solar's upcoming 4.3-gigawatt (GW) greenfield solar cell and module manufacturing unit located in Tirunelveli.

The solar plant aims to generate 101 million units of electricity annually while offsetting around 72,000 metric tonnes of carbon dioxide emissions.

The project is expected to be commissioned within 12 months from the signing of the Project Development Agreement. To manage the development, operation, and maintenance of this facility, TPREL has established TP Govardhan Creatives.

TP Solar, also a subsidiary of TPREL, is expected to commence commercial production by the financial year 2024-25.

With the new captive solar plant, TPREL's total capacity will increase to 7,877 MW.

This includes 3,720 MW of projects at various stages of implementation and an operational capacity of 4,157 MW, which comprises 3,154 MW of solar energy and 1,003 MW of wind energy.

As you're interested in Tata group stocks, check out the new section in our Stock Screener, where you can view the fundamentals of companies within a business group in one screen, including the Top Tata group stocks.

Oberoi Realty to redevelop land

Oberoi Realty has entered into a Development Agreement for the development and redevelopment of land measuring approximately 13,450 square meters, situated at Tardeo, Mumbai, that would generate a free sale component of around 2.5 lakh sq ft.

Currently, there are structures on the said land which are tenanted by the Municipal Corporation of Greater Mumbai in favour of various persons.

The company expects to generate a free sale component of around 2.5 lakh square feet (on carpet area) from the development and redevelopment of the said land, as per the extant provisions of the Development Control & Promotion Regulations for Greater Mumbai, 2023.

Oberoi Realty is one of the leading real estate firms in India. It is focused on premium developments in the residential, office space, retail, hospitality, and social infrastructure verticals.

Oberoi realty is among the top 5 midcap stocks that you can't ignore in 2023.

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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