Sensex Today Ends 320 Points Higher | Glenmark Pharma Rallies 10% | Hindalco & NTPC Top Gainers

Fri, 29 Sep Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended the day higher.

Easing bond yields in India, coupled with decline in oil prices globally, lifted benchmark indices on Friday.

At the closing bell, the BSE Sensex stood higher by 320 points (up 0.5%).

Meanwhile, the NSE Nifty closed up by 115 points (up 0.6%).

Hindalco, Divis Laboratories and NTPC were among the top gainers today.

Tech Mahindra, Tech Mahindra and Adani Enterprises were among the top losers today.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

The Gift Nifty was trading at 19,710, up by 53 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index is trading 1.3% higher and the BSE SmallCap index rose 0.6%.

Sectoral indices ended on a mixed note with stocks in the healthcare sector and metal sector witnessed heavy buying. Meanwhile, stocks in IT sector and media sector witnessed selling pressure.

Shares of L&T, Lupin and Sunteck Realty and hit their 52-week highs 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...

Asian share markets ended mixed. The Hang Seng rose 2.5% while the Shanghai Composite ended 0.1% higher and Nikkei ended marginally lower.

The rupee is trading at 83.05 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.4% at Rs 58,060 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 1.9% higher at Rs 71,915 per kg.

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.

Why Ashok Leyland share price is rising

In news from the auto sector, shares of Ashok Leyland jumped nearly 2% intraday on 29 September after bagging orders for 1,282 buses from Gujarat State Road Transport Corporation (GSRTC).

This order, one of the largest from a State Transport Undertaking for a single OEM, will contribute to strengthening Ashok Leyland's dominant position in the Indian bus market.

Under the terms of the order, Ashok Leyland will deliver the 55-seater fully assembled BS VI diesel buses in phases.

The buses are designed to offer excellent passenger comfort. They will be equipped with the advanced iGen6 BS VI technology, including a powerful 147 kW (197 hp) H-series engine.

This will enhance safety and comfort, while also reducing the overall cost of ownership (TCO). The notification provided additional details.

Certain indicators show Ashok Leyland can scale new heights in 2024. To know why, check out 5 Indian Midcap Stocks Set to Grow Dramatically in 2024. Add them to Your Watchlist.

The company is also a beneficiary of Modi's Rs 576 Billion e-Bus Scheme.

Lupin Gets EIR Status From USFDA

Moving on to news from the pharma sector, Mumbai-based global pharmaceutical company Lupin announced on Friday that it has received an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (FDA) for its Nagpur Unit-I manufacturing facility.

This facility is responsible for producing oral solid dosage forms.

The EIR was issued following an inspection of the facility conducted in July 2023. The FDA has classified the inspection outcome as Voluntary Action Indicated.

Earlier this week, Gland Pharma also announced receiving an EIR following a US FDA inspection at its Pashamylaram facility in Hyderabad.

Lupin develops and commercialises branded and generic formulations, biotechnology products, and active pharmaceutical ingredients (APIs) in over 100 markets worldwide.

Lupin is a top pharma company in India that has solid growth in sales and profits and a high Return on Equity (ROE).

Why Jet Airways Stock Hit Upper Circuit Today

Moving on to news from the airline sector, the share price of Jet Airways zoomed 5% to Rs 55.8, hitting the upper circuit on 29 September as the Jalan-Kalrock consortium infused Rs 100 bn into the grounded carrier, completing its financial commitment of Rs 3.5 bn.

Once the largest private airline in India, Jet Airways went down in 2019 when the low-cost carrier encountered a severe cash crunch, which eventually forced it to file for bankruptcy protection.

The airline had an outstanding debt of around Rs 18,000 crore, which pushed the creditors to initiate legal proceedings for recovery.

In January 2023, the National Company Law Tribunal (NCLT) approved the transfer of Jet Airways to the Jalan-Kalrock consortium, led by Murari Lal Jalan and London-based Kalrock Capital.

However, the consortium faced a series of blocks from creditors because of resolution plans.

Jet Airways is a top airlines companies in India.

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

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers