Sensex Today Trades Lower | HUDCO & MMTC Plunge 8% | Bajaj Finance, Apollo Hospital Top Losers

Wed, 18 Oct 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian shares stuttered on Wednesday as a blast at a Gaza hospital dealt a blow to hopes for containing the crisis.

The MSCI's and Nikkei index was down 0.3%; China's Shanghai fell 0.1%; Hang Seng declined 0.3%.

The Nasdaq dipped and benchmark US Treasury yields surged on Tuesday as robust economic data and strong third-quarter earnings suggested the Federal Reserve may keep policy tight for longer than expected.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	140.99	0.5	0.36%	141.25	138.53	142.38	83.45
Apple	177.15	-1.57	-0.88%	178.42	174.8	198.23	124.17
Meta	324	2.85	0.89%	324.4	317.3	330.54	88.09
Tesla	254.92	1	0.39%	257.18	247.08	299.29	101.81
Netflix	355.72	-5.1	-1.41%	362.7	353.89	485	237.73
Amazon	131.47	-1.08	-0.81%	132.58	128.71	145.86	81.43
Microsoft	332.06	-0.58	-0.17%	333.46	327.41	366.78	213.43
Dow Jones	33997.65	33997.65	33997.65	33997.65	33997.65	35679.13	29997.62
Nasdaq	15122.01	15122.01	15122.01	15122.01	15122.01	15932.05	10632.39

Data Source: Equitymaster

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

At present, the BSE Sensex is trading down by 56 points. Meanwhile, the NSE Nifty is trading marginally lower.

Cipla and Hindalco are among the top gainers today.

Apollo hospital and Bajaj Finance on the other hand are among the top losers today.

Broader markets are trading positively. The BSE Mid Cap index is trading 0.2% higher and the BSE Small Cap index is trading up by 0.4%.

Baring realty stocks, sectoral indices are trading mixed with stocks in the energy sector, metal sector and telecom sector witnessing buying. Meanwhile, stocks in realty sector and banking sector is witnessing selling pressure.

The rupee is trading at Rs 83.22 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 Q2 Results

Bajaj Finance on 17 October, reported a consolidated net profit of Rs 35.5 bn for the September 2023 quarter of the current financial year, up 28% from the same quarter of the previous year.

Bajaj Finance's net profit rose on the back of improved net interest income, new loans booked, and improved asset quality.

Bajaj Finance said the number of loans booked during the quarter rose 26% to 8.5 million (m) from 6.8 m in the corresponding period of the previous year.

In the reporting quarter, the consolidated net interest income (NII) of the non-banking finance company (NBFC) rose 26% on-year to Rs 88.5 bn. In the similar period last year, NII stood at Rs 70 bn.

Whereas, on standalone basis, NII also increased by 26% to Rs 80.6 bn in July-September quarter, from Rs 63.9 bn a year back.

NII refers to the difference between the interest earned by the company and interest expended.

Despite the improvement in the asset quality, Bajaj Finance's loan losses and provisions for the second quarter of the current financial year rose to Rs 10.8 bn, as against Rs 7.3 bn in a similar period last year.

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

Also to know which NBFC stock is better, check out Jio Financial Services vs Bajaj Finance: Which NBFC Stock is Better?

IndiGo's Flight Launch

The airline said it has launched routes to destinations such as Jakarta, Nairobi, Almaty, Tashkent, Baku, and Tbilisi. It added that it has reinstated flights from Delhi to Hong Kong and will recommence Delhi-Male operations starting 1 November 2023 this year.

Apart from expanding to international destinations, the airline said it has a total of eight codeshare partnerships, which includes arrangements with Turkish Airlines, British Airways, Qantas, Air France, KLM, American Airlines, Qatar Airways, and Virgin Atlantic.

A codeshare partnership is a mutually beneficial arrangement between two airlines that allows an airline to book its passengers on its partner carriers.

Indian airlines are known for their mischiefs and managing an airline business is not so easy. How has IndiGo managed to take-off in recent months, check out Why Interglobe Aviation Ltd Share Price is Rising.

LIC's Tax Disputes

Life Insurance Corporation (LIC) on Tuesday said that the Income Tax Authority has filed an appeal with the Bombay High Court against the Income Tax Appellate Tribunal's decision to give the insurer relief in two tax disputes amounting to Rs 49.9 bn.

The litigation has been filed by the Principal Commissioner of Income Tax, Mumbai, for two claims: Rs 18.4 bn and Rs 31.5 bn from AY 2014.

These litigations will not have a material adverse effect on the corporation's financial position and results of operations.

The Income Tax Appellate Tribunal, Mumbai Bench had decided some issues in favour of the biggest insurer.

Recently, LIC received income tax penalty notices of Rs 2.9 bn in September and Rs 840 m in October 2023 from GST officials.

Since listing, shares of LIC have been following one trend - going down. To know why, check out Why LIC share price is falling.

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