SGX Nifty Up 40 Points | Manufacturing Sector Picking Pace | Lock-in Period for Tech Stocks | Top Buzzing Stocks Today

Tue, 22 Nov Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Monday, Indian share markets ended in red for the third consecutive day, tracking cautious global approach, ahead of the release of the minutes of the US Federal Reserve's last policy meeting.

Besides, Goldman Sachs Group Inc's downward revision in its forecast for India's economic growth next year, dented sentiment.

At the closing bell on Monday, the BSE Sensex stood lower by 519 points (down 0.8%).

Meanwhile, the NSE Nifty closed lower by 148 points (down 0.8%).

Axis Bank, IndusInd Bank, and Bharti Airtel were among the top gainers.

Reliance, HDFC and TCS, on the other hand, were among the top losers.

Broader markets settled lower. The BSE MidCap fell 0.2% while the BSE SmallCap index ended flat.

Barring consumer durables and telecom sector stocks, all sectoral indices ended on a negative note yesterday with stocks in the IT sector, realty sector and power sector witnessing most of the selling.

Shares of Timken India and Escorts Kubota hit their 52-week highs.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

The rupee was trading at 81.2 against the US$.

Gold prices for the latest contract on MCX were trading down by 0.5% at Rs 52,350 per 10 grams at the time of Indian market closing hours on Monday.

Meanwhile, silver prices for the latest contract on MCX were trading down by 0.9% at Rs 60,330 per kg.

At 7:50 AM today, the SGX Nifty was trading up by 40 points or 0.2% higher at 18,240 levels.

Indian share markets are headed for a positive opening today following the trend on SGX Nifty.

Speaking of stock markets, in the latest episode of Investor Hour Podcast, Rahul Goel talks to Mihir Vora about his journey, his GARP approach, and as always about portfolio construction and asset allocation.

Tune in below to know more:

Top Buzzing Stocks Today

Delhivery will be among the top buzzing stocks today.

Yesterday, shares of logistics stock Delhivery lost up to 3% to hit a new 52-week low value at Rs 340.3 as the 6-month lock-in expiry for pre-IPO investors came into effect.

Marquee investors like Softbank, Nexus Partners, Canada Pension Plan Investment Board, Tiger Global, Times Internet and Fedex are now eligible to offload their stakes.

Market participants will also track the share price of Kabra Extrusiontechnik.

Battrixx, a division of the company, inked partnership to develop indigenous lithium-ion batteries with Hero Electric, the largest electric two-wheeler (e2W) company in India.

This partnership supports battery safety advancements, reliability, performanc, and fully supports Hero's aggressive production line-up to meet the rising e2W demand.

Deepak Fertilisers and Aarti Industries Join Hands

Deepak Fertilisers and Aarti Industries have signed a binding term-sheet for 20-year Nitric Acid offtake and supply arrangement valued at over Rs 80 billion (about Rs 8,000 crore).

Deepak Fertilisers is the largest manufacturer of Nitric Acid in South East Asia and Aarti Industries is one of the largest Nitric Acid consumers in India.

The shareholders finally breathe a sigh of relief because lately Aarti Industries share price was falling.

The parties plan to execute the formal agreement before the close of this calendar year. The supply arrangement comes into effect from 1 April 2023.

The deal benefits Aarti Industries by way of a long-term supply security for a key raw material. This would meet a majority of Aarti Industries' requirements.

It also helps the company have a greater assurance in sourcing the key raw material from Deepak Fertilisers, who is an existing and the largest integrated nitric acid producer in India with multiple production sites.

Aarti Industries, being a manufacturer for specialty chemical and downstream products, the present deal provides a strong supply security and enables Aarti Industries to focus on future growth opportunities, introduction of new value-added products and value chains for niche applications.

The long-term offtake agreement will enable Deepak Fertilisers to achieve market security for a significant portion of its nitric acid production and would result in revenue of more than Rs. 80 bn over 20 years.

Deepak Fertilisers' management said this deal also enables the company to leverage on its competitive advantage for nitric acid, a critical building block intermediary chemical for the specialty chemicals sector.

This alliance indicates the strong growth currents emerging from the 'China plus One' trend for the specialty chemical sector in India. The available brown-field site at Dahej could give opportunities for cost effective capacity enhancements.

Why Escorts Kubota Share Price is Rising

Shares of the tractor maker Escorts are trading near record high of Rs 2,189.8.

Escorts Kubota has diversified business across three different verticals, agri machinery, construction equipment & railway equipment division.

In a recent analyst meet, Escorts Kubota's management re-iterated its robust medium term growth prospects. For the financial year 2027-28, the revenue target is at Rs 227 bn as against Rs 72 bn in last financial year, implying a 21% CAGR, driven by amalgamation with Kubota JVs, ramp-up of vehicle/component exports, and continuing growth in domestic businesses.

Profitability remains a key focus area with a ROE target of 18% plus in financial year 2027-28 as against 12% in previous financial year, led by better margins and asset turnover.

The management targets EBITDA margins to reach mid-teens. It also plans to increase dividend payout and do buy-backs by utilizing up to 40% of profits.

Goldman Sachs on What to Expect in 2023

Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet.

The comments come after a recent rally -- driven by softer US inflation data and news of easing Covid restrictions in China -- that saw several global indexes enter technical bull market levels.

The sharp rebound since mid-October followed a tumultuous year for global markets as central banks embarked on aggressive rate hikes to tame soaring inflation, stoking concerns of recession.

Goldman's strategists said the gains aren't sustainable, because stocks don't typically recover from troughs until the rate of deterioration in economic and earnings growth slows down.

Meanwhile, Goldman also expects Asian stocks to outperform next year, with the MSCI Asia-Pacific ex-Japan ending the year 11% higher at 550 points.

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