Sensex Today Ends 261 Points Higher | Newgen Software Soars 12% | BPCL & Coal India Top Gainers

Tue, 17 Oct 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.

Equity benchmark indices bounced back on Tuesday after three days of fall amid recovery in global markets and buying in HDFC Bank post its quarterly earnings.

At the closing bell, the BSE Sensex stood higher by 261.2 points (up 0.4%).

Meanwhile, the NSE Nifty closed lower by 79.8 points (up 0.4%).

BPCL and Coal India were among the top gainers today.

Tata Motors and UPL 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 19,805, down by 6 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index ended 0.4% higher and the BSE SmallCap index ended 0.7% higher.

Barring realty sector all other sectoral indices ended mixed with stocks in the energy sector and power sector witnessing buying.

Shares of MRF and Lupin 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 on a negative note. The Hang Seng fell 0.8% while Nikkei ended 1.2% higher. Meanwhile Shanghai Composite closed 0.3% higher.

The rupee is trading at 83.23 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.2% at Rs 59,290 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading 0.5% higher at Rs 71,365 per kg.

Speaking of stock markets, Co-head of Research at Equitymaster Rahul Shah talks about GMDC in his latest video.

GMDC has had a stellar run since its March 2020 lows and has been up a whopping 12x since then.

To be honest, the movement in the stock price has caught most investors by surprise.

So, is the euphoria justified? Have the valuations run far ahead of fundamentals?

Find out everything and more in the below video:

Maruti-Suzuki Deal Sealed

In news from the auto sector, Maruti Suzuki India, the country's top carmaker by sales, said on Tuesday it would issue shares worth Rs 128.4 bn (US$ 1.54 bn) to Suzuki Motor to buy a local manufacturing plant from the Japanese automaker.

This is the first time that Maruti has disclosed a value for the plant in the western state of Gujarat. It first said it would buy the plant in July.

Maruti will issue 12.3 m preference shares at Rs 10,420.85 each, which is a 2.7% discount on the stock's closing price on Monday. The stock dropped 0.6% on the day.

The share issue will raise Suzuki's stake in Maruti to 58.2% from the existing 56.5%, roughly in line with the company's estimate in August.

Since 2014, Suzuki has invested about Rs 180 bn in the plant, which manufactures cars for Maruti. The plant began operations in 2017 and has an annual capacity of 750,000 units.

Maruti has said it expects that full ownership of the plant will give it a better grip on production, including of electric vehicles (EVs), and help it adjust production to changes in demand.

The company's first EV offering a sport utility vehicle (SUV) will be manufactured in the Gujarat plant. It plans to have six EV models by 2030, each of which will be produced at the plant.

The electric vehicle (EV) megatrend is a once in a century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.

Take a look at the chart below, which shows the massive opportunity in the two-wheeler EVs.

It remains to see how it pans out.

To know more, check out his entire piece: Maruti Suzuki Share Price at Rs 15,000: Realistic or Farfetched?

Government To Exit Hindustan Zinc

Moving on to news from the mining sector, the Indian government is gearing up to sell its remaining stake in Hindustan Zinc (HZL), a subsidiary of Vedanta, in smaller tranches over an extended period, aiming to maximise its value.

The residual stake is valued at approximately Rs 40,000 crore at current market prices. The government's planned stake sale was halted last year due to Vedanta's proposal for a related party transaction, adversely impacting investor sentiment.

Presently, Vedanta Ltd holds a 64.9% stake in HZL. In 2002-2003, HZL, India's largest zinc/lead miner, was privatised in favour of Vedanta, with the government's 29.5% stake categorised as a public float.

In 2021, after Vedanta lost the case to acquire the residual stake from the government, the Supreme Court allowed the government to exit by offloading the stake through public offers.

Discussions with merchant bankers are underway to initiate the first offer for sale (OFS) of HZL shares within the current financial year.

The delayed OFS in HZL is attributed to Vedanta's proposed US$ 2.98 billion (bn) related party transaction, which the government rejected.

The government opposed this move, citing Sebi regulations that mandate minority shareholders' approval for related-party deals.

To know which metal stock is best to trade, check out - Hind Copper vs Hind Zinc: the best metal stock of 2023.

In the first six months of the financial year 2023, the company paid a total dividend of 1,825%, amounting to Rs 36.5 per equity share. It has an average 7-year dividend yield higher than 8%.

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