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Sensex Today Trades Lower | Tata Steel & NTPC Top Losers | Tata Technologies Lists At 140% Premium
Thu, 30 Nov 10:30 am

Sensex Today Trades Lower | Tata Steel & NTPC Top Losers | Tata Technologies Lists At 140% Premium

Asian shares opened mixed on Thursday as investors brace for economic data and policy events across continents.

The Nikkei is trading 0.3% lower while the Hang Seng index is trading 0.2% lower. The Shanghai Composite is trading 0.2% higher.

US stocks edged lower on Monday, with investors taking a post-Thanksgiving pause as the holiday shopping season kicked in to high gear and retailers lured bargain hunters with Cyber Monday deals.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet136.4-2.22-1.60%139.67136.29142.3885.57
Apple189.37-1.03-0.54%192.09188.97198.23124.17
Meta332.2-6.79-2.00%339.9330.78342.92109.38
Tesla244.14-2.58-1.05%252.75242.76299.29101.81
Netflix477.19-1.81-0.38%480.99474.49485273.41
Amazon146.32-0.71-0.48%148.54145.97149.2681.43
Microsoft378.85-3.85-1.01%384.3377.44384.3219.35
Dow Jones35,430.420.0413.440.04%35,579.1335,679.1331,429.82
Nasdaq15,987.60-0.14-22.83-0.14%16,166.5116,166.5110,671.19
Source: Equitymaster

At present, the BSE Sensex is trading 223 points lower and NSE Nifty is trading 64 points lower.

Axis Bank and M&M are among the top gainers today.

Tata Steel and NTPC on the other hand are among the top losers today.

Broader markets are trading on positive note. The BSE Mid Cap index is trading marginally lower and the BSE Small Cap index is trading lower by 0.3%.

Sectoral indices are trading mixed today, with stocks in healthcare sector, and auto sector witnessing most buying. Meanwhile stocks in power sector and realty sectors are trading lower.

Shares of Bajaj Auto, Colgate and Grasim hit their 52-week high today.

The rupee is trading at Rs 83.32 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 62,780 per 10 grams today.

Meanwhile, silver prices are trading 0.1% lower at Rs 77,170 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, Tanushree Banerjee, in her video talks about how AI is transforming the business models of decades old tech majors in India.

It is a matter of time before they help other no tech companies transform themselves too.

Tune in to below video to know how 2024 can be the year of return of India's big tech stocks.

Bank of Baroda to issue infrastructure bonds today

The Bank of Baroda (BoB) plans to raise infrastructure bonds worth Rs 100 billion (bn), with a base issue of Rs 20 bn and a green shoe option of Rs 80 bn.

The bonds will be tenured for up to 7 years.

Earlier on 18 November, the bank had in a statement said that its capital raising committee has given the nod to raise to Rs 150 bn, comprising not more than Rs 50 bn via the issuance of tier-II debt bonds and a maximum of Rs 100 bn through infrastructure bonds.

Bidding for these bonds is scheduled between 11 am and 12 pm today.

Bank of Baroda is one of the leading commercial public sector banks in India. The Bank's solutions includes personal banking, which includes deposits, gen-next services, retail loans, credit cards, debit cards.

Foot Locker inks deal with Metro Brands and Nykaa

US footwear and sportswear retailer Foot Locker said on Wednesday it will enter the Indian market in 2024 under a deal with Indian peer Metro Brands and cosmetics-to-fashion retailer Nykaa.

Metro Brands, which has over 700 stores across India, will exclusively own and operate Foot Locker stores in the country, selling offerings of the New York-based firm that retails footwear brands, including Nike and Adidas.

Nykaa Fashion, owned by FSN E-Commerce Ventures, will operate Foot Locker's India website and also retail the company's offerings on its platform.

These agreements will enable Foot Locker to efficiently access the large and growing sneaker market in India.

Nykaa's share price has surged 19% in two weeks, hitting an 11-month high. To know why, check out Why Nykaa Share Price is Rising.

Fairbridge Capital to sell stake in Thomas Cook

Thomas Cook announced an Offer For Sale (OFS) for their promoter Fairbridge Capital (Mauritius). Shares of Thomas Cook India fell 5% on 29 November and closed at Rs 157.7, a day ahead of the proposed OFS.

The floor price for the offer is set at Rs 125 per equity share.

Thomas Cook said Fairbridge Capital plans to sell 32,000,000 equity shares of the company which will come up to 6.8% of the total paid-up equity capital of the company on 30 November. Non-retail investors can subscribe to the offer in November.

The company also said there is an over-subscription option on 1 December, where they can sell 8,000,000 equity shares of the company, which will add up to 1.7% of the equity share capital.

If the shares are oversubscribed, the total offer would come up to 40,000,000 equity shares or 8.5% of the equity capital of the company.

Thomas Cook India is one of the best tour companies in India, offering a broad spectrum of online services that include Foreign, MICE, Leisure Travel.

IIFL Securities will be acting as the settlement broker for the offer.

For more, check out This Turnaround Stock Could be the Poster Boy of the Travel Industry.

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!

Read the latest Market Commentary


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