Sensex Today Rallies 500 Points | Phoenix Mills Surges 8% | Hindalco & ONGC Top Gainers

Wed, 15 Nov 10:30 am

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Asian share markets rallied on Wednesday as risk assets and investor sentiment around the world soaring after cooling US inflation data on Tuesday looked to close the door on more rate hikes.

The Nikkei is trading 1.9% higher while the Hang Seng index gained 2.4%. The Shanghai Composite is trading 0.5% higher.

US stocks posted their biggest daily percentage gains since 27 April on Tuesday as softer-than-expected inflation data supported the view that the Federal Reserve may be done raising interest rates.

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	135.43	1.79	1.34%	137.24	135.1	142.38	85.57
Apple	187.44	2.64	1.43%	188.11	186.3	198.23	124.17
Meta	336.31	7.12	2.16%	338.1	333.33	338.1	108.32
Tesla	237.41	13.7	6.12%	238.14	230.72	299.29	101.81
Netflix	448.65	4.03	0.91%	454.08	445.64	485	273.41
Amazon	146.37	3.78	2.65%	147.26	144.68	147.26	81.43
Microsoft	370.27	3.59	0.98%	371.95	367.35	371.95	219.35
Dow Jones	34827.7	489.83	1.43%	34931.01	34581.2	35679.13	31429.82
Nasdaq	15812.47	329.69	2.13%	15850.34	15726.12	15932.05	10671.19

Data Source: Equitymaster

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

At present, the BSE Sensex is trading higher by 576 points. Meanwhile, the NSE Nifty is trading up by 180 points.

Hindalco and ONGC are among the top gainers today.

Brtitannia and Nestle on the other hand are among the top losers today.

Broader markets are trading on positive note. The BSE Mid Cap index is trading 0.5% and the BSE Small Cap index is trading lower by 1%.

Sectoral indices are trading on a positive note with stocks in IT sector, realty sector and energy sector witness buying.

Shares of CAMS and Trent India hit their 52-week high today.

The rupee is trading at Rs 83.1 against the US dollar.

In commodity markets, gold prices are trading 0.2% higher at Rs 60,200 per 10 grams today.

Meanwhile, silver prices are trading 0.3% higher at Rs 71,816 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 taking more exposure to stocks right now or waiting for the markets to correct, in his latest video.

Tune in for more.

Adani Ports' Highest-Ever Half-Yearly Revenue

Adani Ports and Special Economic Zone (APSEZ) has registered its highest-ever half-yearly revenue of Rs 128.9 bn and EBITDA of Rs 74.3 bn in the second quarter, according to a press release by Adani Ports and Logistics.

The APSEZ announced its results for the second quarter and six months ending 30 September 2023 on Monday.

The splendid performance was on the back of a 14% year-on-year increase in cargo volume coupled with improving operational efficiencies at our ports, which has resulted in our domestic ports EBITDA improving by 2.2% YoY to 72% during H1 FY24 (first half of financial year 2023-24).

APSEZ reported a 48% jump in cargo volumes to reach its lifetime high monthly volumes of 37 MMT.

He further said that APSEZ is comfortably placed to achieve its full-year revenue and EBITDA guidance, and its actions to drive medium-to-long-term growth are progressing as per the plan.

Adani Ports and Special Economic Zone (APSEZ) is the largest commercial port operator in India accounting for nearly one-fourth of the cargo movement in the country.

For more, check out why Adani Ports' share price is rising.

Grasim Industries Q2 Profit Rises 15%

Grasim Industries, on 13 November, reported consolidated net profit for the September quarter of 2023 at Rs 11.6 bn, registering a growth of 15.3% from Rs 10.1 bn in the same quarter last year.

Its revenue from operations came in at Rs 302.2 bn, up 9.9% from Rs 274.9 bn in the corresponding quarter last fiscal.

EBITDA of the company rose by 19% YoY to Rs 45.1 bn thanks to contributions from key subsidiaries UltraTech Cement and Aditya Birla Capital.

The company noted that pent-up festive demand resulted in volume improvement in VSF business, while oversupply in the domestic market of caustic soda and lower realisations in line with a sharp decline in global prices impacted the overall standalone performance.

For its viscose business, festive demand and inventory replenishment in the domestic value chain resulted in volume growth, while export demand for the value chain remained weak from major overseas markets.

In the textile segment, elevated input prices impacted the performance in the linen sub-segment.

Tata Steel's Job Cuts

The Dutch division of Tata Steel on 13 November said it would cut around 800 jobs at its IJmuiden plant to increase profitability.

Tata currently employs 9,200 people in IJmuiden, on the Dutch coast around 30 km (19 miles) west of Amsterdam.

The reorganisation would mainly hit managerial and support staff and was necessary to keep a competitive edge as the Dutch steel plant moves to more sustainable production methods.

Tata's steel factory is responsible for around 7% of the total CO2 emissions of the Netherlands, making it the biggest single polluter in the country.

The company is working with the Dutch government on plans to switch to greener ways of making steel but has not yet reached an agreement on the support it says it would need.

In its latest plan, Tata would replace production based on coal and iron ore with ovens running on metal scrap and hydrogen by 2030 without providing financial details.

This Tata Group company faced another setback in May 2023. For more details, check out Why Tata Steel's Share Price is Falling.

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!

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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