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Sensex Today Trades Higher | Nifty Above 23,450 | Info Edge & SJVN Jump 5%
Fri, 22 Nov 10:30 am

Sensex Today Trades Higher | Nifty Above 23,450 | Info Edge & SJVN Jump 5%Image source: ThinkNeo/www.istockphoto.com

Asian markets traded higher on Friday, following the overnight rally on Wall Street, and the release of economic data in the region.

Japan's Nikkei 225 rallied 0.54% while the Topix gained 0.51%.

US stock market ended higher on Thursday, with the blue-chip Dow Jones and the S&P 500 hitting one-week tops.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet169.24-8.09-4.56%175.58165.31193.3129.4
Apple228.52-0.48-0.21%230.16225.71237.49164.08
Meta563.09-2.43-0.43%570549.05602.95313.66
Tesla339.64-2.39-0.70%347.99335.28358.64138.8
Netflix897.4813.631.54%908877.24908445.73
Amazon198.38-4.5-2.22%203.49195.75215.9142.81
Microsoft412.87-1.79-0.43%419.78410.29468.35362.9
Dow Jones43870.35461.881.06%44020.3143345.5844486.735155.8
Nasdaq20740.7873.680.36%20814.9320436.821182.0315695.58
Source: Equitymaster

At present, the BSE Sensex is trading 477 points higher and NSE Nifty is trading 148 points higher.

SBI, ONGC and Tata Motors among the top gainers today.

Adani Ports, Adani Enterprises and Axis Bank other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading on positive note. The BSE Midcap index and the BSE Smallcap index is trading 0.7% higher.

Sectoral indices are trading higher today with stocks in capital goods sector, realty sector and oil & gas sector witnessing most buying.

The rupee is trading at Rs 84.49 against the US dollar.

In commodity markets, gold prices are trading 0.5% higher at Rs 77,047 per 10 grams today.

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 shares a practical guide for building a momentum portfolio, in his latest video.

If you're tired of chasing undervalued stocks, discover the power of momentum investing!

Learn how to identify and capitalize on market trends to boost your portfolio's performance.

Watch now.

Raymond Demerger Update

The stock exchanges have given the green light to the proposed demerger of Raymond Limited and Raymond Realty.

Raymond shareholders will get four equity shares of Raymond Lifestyle for every five shares held in Raymond Limited.

Additionally, Ray Global Consumer Trading shareholders will get two equity shares of Raymond Lifestyle for each share held in Ray Global Consumer Trading.

Recently, Raymond Realty launched its first JDA project in Bandra, Mumbai. Additionally, Raymond has signed 3 new JDAs in Mahim, Sion and one more in Bandra East Mumbai, taking the combined revenue potential from JDA projects in the MMR region to Rs 70 bn.

The development of Thane land and the current 4 JDAs give the company the potential revenue of Rs 320 bn.

On the lifestyle business, it said that NCLT had in June 2024 approved Raymond's restructuring scheme, which included the demerger of its Lifestyle business and the amalgamation of its consumer trading arm.

Shareholders will receive equity shares in Raymond Lifestyle based on a swap ratio (4 equity shares in RLL for every 5 shares held in Raymond). The total share count of the lifestyle business shall be around 60.9 m.

CIL to Supply Coal Beyond Normative Requirement

On Thursday, the state-owned CIL said it would supply coal beyond the normative requirement to the non-regulated sector, including steel.

The decision, taken on November 13, will apply to the tranche VIII linkage auction onwards, which is scheduled to begin soon.

Coal India, which accounts for over 80% of domestic coal production, has tweaked the policy provision to permit coal supplies beyond the annual contracted quantity (ACQ) to non-regulated sector (NRS) customers in long-term linkage auctions.

Earlier, in NRS linkage auctions, end-user plants were allowed to obtain linkages up to their normative requirement.

The standard norm to calculate the requirement is the quantity of coal that a plant will need if it operates at 85% of its installed capacity for a whole year. The actual coal supply through linkage auctions was up to this determined quantity.

Customers seeking above 85% of the ACQ had to step off the auction process to procure coal.

Enabling a supply above the ACQ limit will help the sector procure coal according to its needs.

The eighth tranche auction starts with cement and captive power plant sub-sectors.

SJVN Inks New MoU

SJVN has signed a memorandum of understanding with the Energy Department, Government of Rajasthan to spearhead the development of renewable energy in the state.

Under the MoU, the company would develop 5 GW pumped storage projects and 2 GW floating solar projects in the state. Both parties have agreed to collaborate for the development of renewable energy on a long-term basis.

SJVN is engaged principally in electricity generation. The company is also engaged in the business of providing consultancy.

SJVN Share Price - 1 Year Performance

SJVN, formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking involved in hydroelectric power generation and transmission.

It was incorporated in 1988 as Nathpa Jhakri Power Corporation, a joint venture between the Government of India and the Government of Himachal Pradesh.

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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