Sensex Today Trades Higher | Ceat Rallies 7%, Tata Investment Corporation 5%| Tata Steel & Adani Enterprises Top Gainers

Tue, 17 Oct 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian shares opened higher on Tuesday as investors look through developments in the Middle East and rising geopolitical tensions.

The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%. Japan's Nikkei jumped 1%; China's Shanghai fell 0.1%; Hang Seng surged 0.6%.

Major US stock indexes ended sharply higher on Monday as investors were optimistic about the start of earnings season, while transportation and small-cap shares also jumped.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	140.49	1.91	1.38%	140.91	139.32	142.38	83.45
Apple	178.72	-0.13	-0.07%	179.08	176.51	198.23	124.17
Meta	321.15	6.46	2.05%	321.82	315.52	330.54	88.09
Tesla	253.92	2.8	1.12%	255.4	248.48	299.29	101.81
Netflix	360.82	5.14	1.45%	363.08	354.77	485	234.4
Amazon	132.55	2.76	2.13%	133.07	130.43	145.86	81.43
Microsoft	332.64	4.91	1.50%	336.14	330.6	366.78	213.43
Dow Jones	33984.54	314.25	0.93%	34088.98	33832.42	35679.13	29614.3
Nasdaq	15172.73	177.62	1.18%	15209.5	15047.27	15932.05	10632.39

Source: Equitymaster

Back home, Indian share markets are trading on a positive note.

At present, the BSE Sensex is trading up by 335 points. Meanwhile, the NSE Nifty is trading higher by 100 points.

Tata Steel and Adani Enterprises are among the top gainers today.

L&T and UPL on the other hand are among the top losers today.

Broader markets are trading positively. The BSE Mid Cap index is trading 0.6% higher and the BSE Small Cap index is trading up by 0.9%.

Baring realty stocks, sectoral indices are trading mixed with stocks in the energy sector, power sector and telecom sector witnessing buying.

The rupee is trading at Rs 83.2 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 59,050 per 10 grams today.

Meanwhile, silver prices are trading 0.3% lower at Rs 70,810 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, 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 is up a whopping 12x since then.

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

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

Find out everything and more in the below video:

Bajaj Finance to acquire stake in Pennant Technologies

Bajaj Finance, India's largest non-bank lender, has entered into a binding term sheet with Pennant Technologies Pvt. Ltd. to acquire up to 26% stake.

The consideration for this acquisition will be Rs 2.7 bn and will be paid entirely in cash.

For this 26% stake, Bajaj Finance will acquire 5,71,268 Compulsorily Convertible Preference Shares (CCPS) of the face value of Rs 100 each and another 4,22,738 equity shares from promoters and existing shareholders of Pennant Technologies.

Compulsorily Convertible Preference Shares are preference shares that give the holder the option to convert them into a fixed number of equity shares after a specified date or event.

Incorporated in 2005, Penant is a technology product company. It is engaged in providing business-driven technology services and software products for the banking and financial services industry.

Over the last three fiscal years, the company has reported turnover of Rs 400 m, Rs 520 m and Rs 740 respectively.

Post the acquisition, which is likely to be completed on or before 30 December 2023, Pennant will become a related party of Bajaj Finance.

The completion of this transaction is subject to the satisfaction of the conditions to be set out in the definitive agreements to be entered.

Bajaj Finance will also be reporting its September quarter results later today.

Bajaj Finance had ramped up its tech spending over the past five years, more so post-pandemic. Its IT expenditure nearly doubled in the financial year 2022.

While overall expenses have grown just under three-fold over the last five years, the net outlay in the company's tech budget has galloped four times. Take a look.

For more, check out What Bajaj Finance's Billion Dollar Fund Raising Plan Means...

Tata Power Renewable Energy to set up solar Plant

Tata Power Renewable Energy Ltd (TPREL) on Monday said it has signed an agreement with Endurance Technologies Ltd for setting up a 12.5 MW captive solar plant in Maharashtra.

It has already signed a Power Delivery Agreement (PDA) with Endurance Technologies through a Special Purpose Vehicle (SPV) TP Green Nature Ltd in this regard.

This will help reduce Endurance Technologies' carbon footprints and mitigate approximately 9,125 Metric Tonnes (MT) of carbon emissions annually.

The project is expected to be completed within 12 months of the signing of the PDA.

With the proposed captive solar power plant, the overall renewable energy portfolio of TPREL, a subsidiary of Tata Power, reached a total capacity of 7,889 MW.

The company's operational capacity stands at 4,188 MW comprising 3,185 MW of solar 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.

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