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Sensex Today Rises 200 Points| Tata Steel & Bharti Airtel Top Gainers| NMDC Trades Ex-Demerger
Thu, 27 Oct 10:30 am

Sensex Today Rises 200 Points| Tata Steel & Bharti Airtel Top Gainers| NMDC Trades Ex-Demerger

Asian share markets rose today on growing expectations that major central banks could start slowing the pace of interest rate hikes in coming months, while the dollar's retreat lifted commodities and pushed treasury yields lower.

The Nikkei fell by 0.1% while the Hang Seng was up by 2.6%. The Shanghai Composite is trading higher by 0.1%.

The S&P 500 ended a three-day winning streak on Wednesday, closing in negative territory as gloomy earnings guidance added to growing fears of a global economic slowdown.

The Dow Jones ended flat while the tech heavy Nasdaq Composite ended lower by 2%.

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

Benchmark indices opened on a strong note today following the trend on SGX Nifty. And as the session progressed some of the gains were erased.

At present, the BSE Sensex is trading higher by 205 points. Meanwhile, the NSE Nifty is trading up by 67 points.

Tata Steel and Titan are among the top gainers today.

Bajaj Finance and Bajaj Finserv are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is up by 0.3% and the BSE Small Cap index is trading higher by 0.4%.

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 positive note with the exception of IT sector. Stocks in the realty sector, and metal sector witness buying.

Continuing the downtrend, Mphasis share price is falling and is down 1.8% today.

Shares of KEI Industries and Godfrey Philips hit their 52-week high today.

In the commodity markets, gold prices trade higher by Rs 83 at Rs 50,770 per 10 grams.

Meanwhile, silver prices are trading higher at Rs 58,250 per 1 kg.

The rupee is trading at 82.3 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.

One of the big thrills about Diwali is shopping. Along with buying sweets, clothes, and fire crackers people also look forward to investing in the stock markets.

There has been a plethora of suggestions of where to invest this Diwali. But we all know that in stock markets, huge losses come from stocks that weren't worth buying. Hence, it is important to be aware of what not to buy this festive season.

Research Analyst at Equitymaster Aditya Vora talks about two such sectors to avoid this Diwali. Tune into the video below and save yourself from losses.

Policybazaar share price takes a hit on the bourses

Recently, all new-age tech stocks have crashed. The hype around them has burst out like a big bubble.

Zomato, Nykaa, Paytm, etc. are beaten down. Another stock which is falling is PB Fintech popularly known as Policybazaar.

It is India's largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform. Through these they provide convenient access to insurance, credit, and other financial products.

PB Fintech made a decent debut on the bourses in November last year by gaining 17% on the first day. But the journey since then has been tough for investors.

In the past one month, shares of the company are down 20%.


To know more, check out Policybazaar's financial factsheet and its latest quarterly results.

Hero MotoCorp enters into new agreement

Two-wheeler maker Hero MotoCorp on Wednesday announced its plans to enter the Philippines for which it has partnered with Terrafirma Motors Corporation for assembly and distribution of its vehicles.

Terrafirma Motors Corporation (TMC) will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in the Philippines. Terrafirma Motors Corporation is a part of the Columbian Group of Companies.

The company will set up an assembly facility of 29,000 square metres in its existing principal manufacturing facility situated in Laguna City and will start its operations in the second half of fiscal year 2024.

Currently, Hero MotoCorp has presence in 43 countries in Asia, Africa, the Middle East, and South and Central America. It has eight manufacturing facilities, including six in India, and one each in Colombia and Bangladesh.

Since you are interested in Hero MotoCorp, you might also be interested in Hero MotoCorp or Bajaj Auto - which is the better dividend stock?

DLF posted its Q2 results

Commercial real estate developer, DLF posted a 25.9% rise in consolidated net profit of Rs 4.8 bn which is attributable to owners in the July - September 2022 quarter, compared to a profit of Rs 3.8 bn clocked in the same period last year.

The Q2 profit after tax (PAT) climbed by 1.6% however compared to Rs 4.7 bn in the preceding quarter. The company's board approved fundraising to the tune of Rs 15bn via non-convertible debentures on Friday.

However, in Q2 of the financial year 2022-23, the company's top-line front declined by 12.1% to Rs 13 bn from Rs 14.8 bn recorded in corresponding period of the last year. Also, revenue dropped by 9.7% from Rs 14.4 bn posted in Q1 of the financial year 2022-23.

For six months' period of the current financial year, DLF's consolidated net profit jumped to Rs 9.5 bn compared to Rs 7.2 bn in the corresponding period of the previous year.

DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties in 15 states and 24 cities. It is one of the top 4 real estate stocks to add to your watchlist.

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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