Sensex Today Tops 60,000-Mark| Nifty Near 17,700 | Kotak Mahindra Bank, Nestle & HUL Top Losers

Tue, 25 Oct 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets gained today but some gains were erased. A rally on Wall Street on hopes the Federal Reserve could be nearing the end of aggressive rate increases, was offset by weakness in Chinese shares and the Yuan.

The Nikkei rose by 1.3% while the Hang Seng was up by 0.9%. The Shanghai Composite is trading higher by 0.7%.

US stocks advanced on Monday, extending last week's gains as signs of economic softness suggested the effects of the Fed's aggressive policy aimed at cooling the economy, thereby curbing decades-high inflation, are beginning to take root.

The Dow Jones was up 1.3% and the tech heavy Nasdaq Composite ended higher by 0.9%.

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

Benchmark indices opened on a positive note today following the trend on SGX Nifty. But as the session progressed gains were erased.

At present, the BSE Sensex is trading lower by 35 points. Meanwhile, the NSE Nifty is trading down by 9 points.

SBI and ICICI Bank are among the top gainers today.

HUL and Kotak Mahindra Bank are among the top losers today.

Broader markets are trading on a mixed note. The BSE Mid Cap index is up by 0.3% and the BSE Small Cap index is trading lower by 0.1%.

If you are looking for smallcaps, start your search with the fundamentally strong smallcap stocks that offer cushion in this volatile period.

You can also check out the Diwali to Diwali: best performing penny stocks of 2022

Sectoral indices are trading on a mixed note. Stocks in the IT sector, and FMCG sector witness selling.

While stocks in the metal sector, and auto sector witness buying.

Shares of Sun Pharma and ICICI Bank hit their 52-week high today.

In the commodity markets, gold prices trade higher by Rs 46 at Rs 50,626 per 10 grams.

Meanwhile, silver prices are trading higher at Rs 57,940 per 1 kg.

The rupee is trading at 82.7 against the US dollar. Recently, the rupee touched its record low. If you're wondering how to profit from a falling rupee, check out our editorial on how a weaker rupee benefits you.

India celebrated pre-Diwali on Saturday when the Indian cricket team won the match against arch-rivals Pakistan! It was a treat to watch that match. The last over had people biting their nails, crossing their fingers and praying for the win.

Well, we know the results of the India vs Pakistan match, but there is one match that has been going on for long in India's corporate industry. This match is equally interesting. I am talking about the match between two biggest business houses in India - Adani vs Ambani.

In his latest video, Yazad Pavri talks about the Adani-Ambani-Roys saga.

Tune in for an exciting tale...

ICICI Bank declared its Q2 results

In news from the banking sector, one of the best banking stocks - ICICI Bank declared its Q2 results.

ICICI Bank, the country's second largest private sector lender, registered a massive 37% year-on-year growth in standalone profit and a 26.5% rise in net interest income, with a significant fall in bad loan provisions.

The standalone profit jumped to Rs 75.6 bn for the quarter, rising from Rs 55.1 bn in the same period last year.

Its net interest income during the quarter increased to Rs 147.9 bn, compared to Rs 116.9 bn in the corresponding period of the last financial year, with net interest margin expanding around 30 bps on sequential as well as year-on-year (YoY) basis.

Overall loan portfolio grew by 23% YoY, with domestic loan portfolio growth at 24%, adding total period-end deposits grew by 12% YoY to Rs 10.9 tn in this quarter, with average current account and savings account (CASA) ratio of 45% in the same period.

ICICI Bank has reported an improvement in asset quality for the quarter with gross non-performing assets as a percentage of gross advances falling 22 bps QoQ to 3.2%, and net NPA dropped 9 bps sequentially to 0.6%.

The bank said it has written off gross NPAs of Rs 11 bn during the quarter.

Its consolidated profit increased by 31% YoY to Rs 80.1 bn in this quarter and assets grew by 14% to Rs 18.3 tn in the same period.

Blood Bath for Berger Paints

Moving on to news from the paint sector, performance of paint stocks in 2022 has remained subdued. Most paint companies have seen a fall in their share price in 2022 due to various reasons.

For the past 2-3 quarters now, paint companies are battling with cost inflation pressures. They have taken an aggressive approach by going on a price hiking spree to protect margins.

Among the biggies, Berger Paints share price has seen a substantial fall in 2022. Berger is India's second-largest paint manufacturer by market share.

In 2022 so far, shares of the company are down 25%. In the past one month, the stock has seen a correction of around 9%.

To know why Berger Paints is falling, read our editorial on why Berger Paints share price is falling.

Piramal Pharma Eyes Expansion, Acquisitions

Moving on to news from the pharma sector, Piramal Pharma has said it would focus on scale-up of its operations and margin growth, through a combination of organic expansion and acquisitions in the areas of contract development & manufacturing services (CDMO) and complex generics.

Piramal Pharma is a company demerged from Piramal Enterprises. Its shares were listed on stock exchanges recently on 19 October.

The company's chairperson Nandini Piramal in an interview said the company would make Rs 12 bn of capital expenditure in the next 12-18 months in antibody drug conjugate capacities at Grangemouth, the UK.

It is also seeking to raise active pharma ingredients capacities at Riverview in the US, besides boosting capacities of its API facilities in India.

To know more, check out Piramal Pharma factsheet.

And 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