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Sensex Today Trades Higher | Nifty Above 25,000 | HPCL Jumps 5%, Suzlon Energy 3%
Wed, 9 Oct 10:30 am

Sensex Today Trades Higher | Nifty Above 25,000 | HPCL Jumps 5%, Suzlon Energy 3%Image source: Jackie Niam/www.istockphoto.com

Asian markets traded higher following overnight rally on Wall Street.

Japan's Nikkei 225 gained 1%, while the Topix rose 0.5%. Hong Kong's Hang Seng index futures indicated a higher opening

US stock market indices ended higher on Tuesday led by buying in technology stocks.

The Dow Jones Industrial Average rose 126.13 points, or 0.3%, to 42,080.4, while the S&P 500 gained 55.2 points, or 0.9%, to 5,751.1 points.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet165.71.310.80%166.1164.31193.3121.46
Apple225.774.081.84%225.98223.25237.23164.08
Meta592.898.111.39%593.56585.97602.95279.4
Tesla244.53.671.52%246.21240.56271138.8
Netflix721.7619.842.83%725.06703.55725.25344.73
Amazon182.721.921.06%183.09180.92201.2118.35
Microsoft414.715.171.26%415.66408.17468.35323.23
Dow Jones42080.37126.130.30%42128.5641874.7242628.3232327.2
Nasdaq20107.78307.041.55%20132.6719881.0820690.9714058.33
Data Source: Equitymaster

At present, the BSE Sensex is trading 116 points higher and NSE Nifty is trading 34 points higher.

BPCL, Tata Motors, Tech Mahindra among the top gainers today.

ONGC, ITC and Nestle 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 0.9% higher and the BSE Smallcap index is trading 1.2% higher.

Barring metal stocks, all other sectoral indices are trading positive today with stocks in realty sector, healthcare sector and IT sector witnessing buying.

The rupee is trading at Rs 83.93 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 75,151 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, the aggressive expansion plans of the retailing sector players are not without reason. The sector is witnessing strong growth driven by increased urbanization and demand for organised and high-quality retail spaces.

This is fuelled by the rising demand for big brands thanks to their reach on social media.

This highlights India's emergence as a key player in the global retail market.

Research Analyst, Tanushree Banerjee in her latest video talks about, can top retailing stocks like Trent continue to fetch steep valuations? Find out.

Tune in for more

Tata Tech & BMW Unveil JV

Tata Technologies and BMW have finalised a 50:50 joint venture (JV) aimed at strengthening BMW's software capabilities as the automotive industry increasingly shifts towards digital and software-driven solutions.

The newly formed entity, BMW TechWorks India, will focus on developing software-defined vehicle (SDV) technology and IT services for BMW's global operations.

This partnership allows us to reaffirm India's position as a leading provider of engineering services and digital services to the global economy.

He noted that the automotive sector is undergoing a paradigm shift driven by the rise of electric vehicles and autonomous driving technologies.

The partnership comes as automakers increasingly rely on software to drive innovation in their vehicles.

This JV is part of a larger industry trend as automakers race to develop next-generation vehicles capable of integrating complex software systems while meeting the growing demand for autonomous features and seamless connectivity. Tata Motors and Jaguar Land Rover are already significant automotive clients of Tata Technologies.

Tata Technologies is a global engineering services company offering product development and digital solutions to original equipment manufacturers around the globe.

Tata Technologies Share Price Performance Since Listing

Reliance Retail Enters Quick Commerce

Reliance Retail, the country's largest retailer, has officially entered the booming quick commerce space, intensifying competition for players like Zomato-owned Blinkit, Swiggy Instamart, and BigBasket.

The company began offering quick commerce services through its e-commerce platform JioMart in select areas of Navi Mumbai and Bengaluru last weekend, a move that signals its intent to disrupt the segment.

Initially, Reliance would start with selling grocery items from its network of 3,000 retail stores nationwide.

However, the company has ambitious plans to extend its offerings to value fashion and small electronics, such as smartphones, laptops, and speakers, according to a senior executive at the company.

The quick commerce services will be fulfilled through Reliance's existing network of stores, including Reliance Digital and Trends outlets.

Reliance plans to scale up its quick commerce operations across India by the end of this month. The company aims to deliver most orders within 10-15 minutes, with the remaining fulfilled in under 30 minutes.

Reliance will leverage its logistics arm, Grab, which it had previously acquired, to facilitate timely deliveries.

Torrent Power Receives MSEDCL LoA

For long-term supply of 2,000 MW Energy Storage Capacity from Torrent Power's InSTS Connected Pumped Hydro Storage Plant

Torrent Power has received a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant.

This 2,000 MW capacity includes 1,500 MW Capacity for which Letter of Intent was already issued by MSEDCL on 17 September 2024. The Company has now received an allotment of an additional 500 MW capacity under the tender taking the total capacity allocated to 2,000 MW.

MSEDCL will procure energy storage capacity from Torrent Power's InSTS Connected Pumped Hydro Storage for 40 years. The Company plans to supply the storage capacity from its upcoming InSTS Connected Pumped Hydro Storage hydro storage plant being set up in Maharashtra.

Under the Energy Storage Facility Agreement (ESFA), the Company shall make available to MSEDCL a contracted capacity of 2,000 MW capable of scheduled discharge of 8 hours per day. The input energy for charging shall be provided by MSEDCL.

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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