Sensex Finishes Up by 195 Points; L&T Drops 1.4% ahead of Q2 Numbers

Tue, 22 Nov Closing

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   01:30 pm   

Indian share markets witnessed buying activity in the afternoon session on firm global cues. Sentiments also remained positive as oil prices rose to their highest level since October in anticipation of OPEC-led output cut. At the closing bell, the BSE Sensex stood higher by 195 points, while the NSE Nifty finished up by 73 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap bucked the weak trend and finished up by 1.4% and 1.2% respectively. Gains were largely seen in metal and realty sectors.

Asian markets rallied and finished broadly higher today with shares in Hong Kong leading the region. Japanese shares turned positive in afternoon session after damage from an earthquake appeared moderate. The Hang Seng is up 1.43% while China's Shanghai Composite is up 0.94% and Japan's Nikkei 225 is up 0.31%. European markets too are broadly higher today with shares in France leading the region. The CAC 40 is up 1.41% while London's FTSE 100 is up 1.01% and Germany's DAX is up 0.70%.

The rupee was trading at 68.23 against the US$ in the afternoon session. Oil prices were trading at US$ 49.08 at the time of writing.

Vedanta's share price surged 4.9% in today's trade after it was reported that the company has received board's approval to raise Rs 300 crore through issue of Secured Redeemable Non-Cumulative Non- Convertible Debentures (NCDs) of face value of Rs 10 lakh each.

The tenure of the NCDs is 3 years and 5 months from the date of allotment, while date of maturity is April 22, 2020. Crisil has assigned 'AA-/Stable' rating to the said instrument.

In another development, the company is looking at increasing its captive power generation capacity (Subscription Required) by 1,200 megawatt (MW) amid rising production. The company is considering setting up 350-MW super-critical units in joint ventures at its different production bases in the country.

The company is also looking at offering excess land at manufacturing units as equity in setting up thermal power units under joint venture with third parties.

Reportedly, Vedanta has already invited an expression of interest and is evaluating the pros and cons of various models. Around 3,554 MW of the total capacity, meant for commercial sale, is running at around 70%.

Vedanta has an electricity generation capacity of nearly 9,000 MW of which 200 MW comes from wind and the rest from thermal. Nearly 60% of the 9,000 MW is for captive use and the remaining is sold in the market. The company's capacity utilization has risen with the rise in production.

Mining stocks finished on a firm note with NMDC Ltd and Vedanta Ltd leading the gains.

Moving on to news from engineering stocks. According to a leading financial daily, Larsen & Toubro's (L&T) construction arm - L&T Constructions has bagged orders worth Rs 19.26 billion across its various business segments. Under, Power Transmission & Distribution, the business has secured orders worth Rs 5.71 billion. The business continued its winning streak by garnering electrification works orders under the Integrated Power Development Scheme (IPDS) and Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) schemes of the Government of India. It has also bagged a major order from Odisha Power Transmission Corporation (OPTCL) for turnkey electrification works in five circles of WESCO utility area in Odisha.

Under Building & Factories, the business has bagged an order worth Rs 5.14 billion for the construction of a medical college and a 500-bed hospital from Bihar Medical Services & Infrastructure Corporation, Bihar. The scope of the work includes civil, MEP, para medical equipment, furniture and external development.

Under Water & Effluent Treatment, the business has secured orders worth Rs 3.97 billion. An engineering, procurement and construction order has been bagged from the Rural Water Supply & Sanitation Board, Government of Odisha, to provide piped water to the rural areas of Balasore, Bhadrak, Puri, Bolangir and Keonjhar districts.

In Metallurgical and Material Handling, it has bagged orders worth Rs 2.98 billion, while under Civil Infrastructure Business; it has won an Engineering, Procurement and Construction order worth Rs 1.46 billion in the special bridges sector from a prestigious client.

Meanwhile, share price of L&T finished down by 1.4% on the BSE ahead of Q2 numbers.

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