Sensex Today Trades Higher | MRPL Soars 8% | Tata Motors & Tech Mahindra Top Gainers

Fri, 3 Nov 10:30 am

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Asian shares on Friday were headed for their biggest weekly rise in a year, following the release of US economic data overnight.

The Nikkei is trading 1.2% higher while the Hang Seng index is up by 2%. The Shanghai Composite is trading 1% higher.

Wall Street's three main stock indexes rallied nearly 2% on Thursday on hopes that the US Federal Reserve has reached the end of its interest rate hiking campaign and a batch of upbeat quarterly financial updates added to the bullish mood.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	128.58	1.01	0.79%	130.09	128.11	142.38	83.45
Apple	177.57	3.6	2.07%	177.78	175.46	198.23	124.17
Meta	310.87	-0.98	-0.31%	318.82	308.33	330.54	88.09
Tesla	218.51	12.85	6.25%	219.2	211.45	299.29	101.81
Netflix	424.71	4.52	1.08%	426.69	417.1	485	252.09
Amazon	138.07	1.07	0.78%	138.81	136.47	145.86	81.43
Microsoft	348.32	2.25	0.65%	348.83	344.77	366.78	213.43
Dow Jones	33839.08	564.5	1.70%	33852.96	33450.03	35679.13	31429.82
Nasdaq	14919.55	254.64	1.74%	14930.77	14792.81	15932.05	10632.39

Source: Equitymaster

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

At present, the BSE Sensex is trading higher by 430 points. Meanwhile, the NSE Nifty is trading up by 135 points.

Tata Motors and Tech Mahindra are among the top gainers today.

NTPC and Asian Paints on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.6% higher and the BSE Small Cap index is trading higher by 1%.

Sectoral indices are trading on a positive note with stocks in the energy sector, auto sector and realty sector are witnessing buying.

Shares of Oberoi Realty and Torrent Pharma hit their 52-week high today.

The rupee is trading at Rs 83.25 against the US dollar.

In commodity markets, gold prices are trading marginally higher at Rs 60,893 per 10 grams today.

Meanwhile, silver prices are trading 0.3% lower at Rs 71,206 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 should one take more exposure to stocks right now or wait for the markets to correct further?

Moreover, was Friday's recovery a dead cat bounce or is the worse behind us and the market may make a new high in the coming months?

Find out more in the below video:

Tata Motors Arms to Develop Premium EVs

Tata Motors' electric vehicle arm has inked a licensing pact to source electrified architecture from Jaguar Land Rover for the development of the 'Avinya' range of cars.

Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover (JLR), both 100% subsidiaries of the auto major, have entered into a Memorandum of Understanding (MoU).

The pact envisages TPEM licensing JLR's electrified modular architecture (EMA) platform for a royalty fee for the development of the Avinya series.

TPEM and JLR will also enter into an engineering services agreement (ESA) to support the former's content requirements for the first vehicle development.

JLR's EMA platform will underpin the automaker's next generation of electric mid-sized SUVs for international markets, to be launched from 2025 onwards.

The platform is optimised for native Battery Electric Vehicle (BEV) proportions to maximise interior space, comfort and vision along with advanced electrical and electronic architecture, connectivity, software and feature over-the-air capability.

The Avinya concept was first showcased in 2022. Partnering with JLR on the EMA platform will make the 'Avinya' series globally competitive and future-proof.

Tata Motors stock price hits record high in October. To know what's driving the rally, check out Why Tata Motors Share Price is Rising.

Coal India's Mid-FY24 Milestone

Based on the recent data released for October, Coal India's production increased by 15.4% year-on-year in the month to 61.1 MT.

With this, the overall production figures for the first seven months of the current financial year stood at 394 MT, a growth of 11.9% from the 351.9 MT figure during the same period last year.

Barring Northern Coalfields, which saw its production rise by 9.5% in October, all other subsidiaries of Coal India saw their production grow between 10% and 33% year-on-year in the month gone by. Eastern Coalfields saw their production grow 33%, while Western Coalfields grew its production by 20.8%.

Coal India's offtake for October also grew by 14.8% from last year to 61.6 MT. With this, the overall offtake for the company during the first seven months of the current financial year stood at 422.4 MT, a growth of 9.5% from last year.

Production is generally slow in the first half of the financial year due to the monsoon months. Even in the financial year 2023, Coal India's production stood at 42% of the annual target in the first half of the year before meeting its 700 MT production target a day before the year-end.

Coal India is among Top 5 High Dividend Yield PSU Stocks Growing at Amazing Speed.

Adani Green Energy to Borrow US$ 1.8 Billion

Adani Green Energy, the renewables firm of Indian billionaire Gautam Adani, is in talks with a group of foreign lenders to borrow as much as US$ 1.8 billion (bn).

The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private.

The banks involved include Barclays Plc, BNP Paribas SA, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Rabobank and Standard Chartered Plc.

The transaction hasn't been finished and the terms could still change. If signed before late December, it would be one of the 20 biggest major currency loans in Asia this year.

The potential borrowing is taking place just a few weeks after Adani Group completed a US$ 3.5 bn funding package to refinance debt used to purchase Ambuja Cements and ACC.

The capital raising is another sign the conglomerate has at least partially rebuilt investor confidence after suffering a scathing short seller attack earlier this year that caused some banks to baulk on debt refinancing.

For more details, check out Equitymaster's Indian stock screener, which shows all the Adani group companies' fundamental analysis on one screen.

Dig deeper into Adani 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

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Indian Share Market Update: Top Gainers and Losers