Sensex Today Trades Higher | Capital Goods, Energy Stocks Witness Buying | Axis Bank and M&M Among Top Gainers

Thu, 8 Dec 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian share markets are trading on a mixed note today as growing fears of an economic slowdown and worries over the pace of the Federal Reserve's interest rate hikes weighed on sentiment.

The Nikkei is down 0.6% while the Shanghai Composite is up 0.1%. The Hang Seng is up 2.8%

The S&P 500 and Nasdaq closed down on Wednesday after a choppy session on Wall Street, as investors struggled to grasp a clear direction as they weighed how the Federal Reserve's monetary policy tightening might feed through into corporate America.

The Dow Jones ended flat while the tech heavy Nasdaq dropped 0.5%.

Here's a table showing performance of US stocks yesterday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	95.15	-2.16	-2.22%	97.31	95.03	152.1	83.5
Apple	140.94	-1.97	-1.38%	143.37	140	182.94	129
Meta	113.93	-0.19	-0.17%	115.88	112.88	352.71	88.1
Tesla	174.04	-5.78	-3.21%	179.38	172.22	402.67	166.2
Netflix	308.42	2.86	0.94%	309.61	302.1	632.46	162.7
Amazon	88.46	0.21	0.24%	89.89	87.48	177.5	85.9
Microsoft	244.37	-0.75	-0.31%	246.16	242.21	344.3	213.4
Dow Jones	33,597.92	1.58	0.00%	33,774.27	33,503.67	36,952.65	28,660.94
Nasdaq	11,497.39	-52.29	-0.45%	11,577.69	11,431.96	16,764.86	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a positive note, following the trend on SGX Nifty.

Benchmark indices extended gains today after opening on a flat note ahead of election results.

The BSE Sensex is trading up by 209 points. Meanwhile, the NSE Nifty is trading higher by 63 points.

IndusInd Bank and Axis Bank are among the top gainers today. TCS and Kotak Mahindra Bank, on the other hand, are among the top losers today.

Both the BSE Mid Cap index and the BSE Small Cap are trading higher by 0.3%.

All sectoral indices are trading on a positive note with the exception of IT sector and healthcare sector.

Stocks in the capital goods sector, energy sector and commodities sector are witnessing most of the buying.

Shares of L&T of India and United Breweries hit their 52-week highs today.

The rupee is trading at 82.3 against the US$.

Gold prices are trading down by Rs 18 at Rs 53,970 per 10 grams.

Meanwhile, silver prices are trading down by 0.2% at Rs 66,123 per kg.

Speaking of stock markets, the Bank Nifty is looking good on the charts for December.

December is usually the best month of the year for the benchmark indices. This year seems to be no different. The markets are at life highs.

Amid the bullishness, the Bank Nifty is looking strong on the charts. It could be a prime candidate for a Santa Claus rally.

In the below video Chartist Brijesh Bhatia explains all about the Santa Claus rally in bank stocks. Watch now.

IDFC Partners with NASSOM COE

IDFC First Bank and NASSCOM Centre of Excellence (COE) have partnered to grow the innovation ecosystem and guide startups through a range of banking solutions.

A Memorandum of Understanding (MoU) was signed between IDFC First Bank and NASSCOM COE, appointing the bank as a preferred banking partner for startups in Bengaluru.

IDFC First Bank will offer its solutions for startups, including zero balance startup current account, working capital solutions for pre-profit startups, and business credit cards, among others, said a release.

While NASSCOM COE will bring in technology and domain expertise to the partnership, IDFC First Bank will offer tailored financial products to support innovation and entrepreneurship.

Speaking of banking stocks, when it comes to innovation,  HDFC Bank is one that has always adapted to changing times.

HDFC Bank wanted to transform itself from a leader in the physical banking to a leader in online banking. Since then, HDFC Bank has constantly focused on going digital.

In 2004, only 10% of customer transactions were initiated through internet and mobile. The number has gone up to 92% in 2019.

It is a great example of a company which has taken advantage of its scale and embraced disruption rather than fear it.

These are traits that one should look for in picking stocks. They not only withstand the disruption but also gain from it in the long-run.

Tech Mahindra Launches Cloud Blaze Tech

Tech Mahindra has announced the launch of Cloud BlazeTech, an integrated, sector-agnostic platform, to maximize business value for cloud-powered enterprises globally. The organization will continue to invest in cloud services & hyperscaler relationships to boost digital transformation for enterprises.

Integrated cloud migration, cloud-native operation & self-healing governance model, Cloud BlazeTech supports bi-modal infrastructure transformation and helps enterprises to accelerate to a cloud-native world.

In addition, the platform has integrations with hyperscaler hybrid cloud platforms to provide industry-specific pre-build cloud-native solutions that drive faster business outcomes. By adopting the Cloud BlazeTech platform, enterprises will achieve 25-30% cost savings and a 30% improvement in migration time.

Eicher's Operations in Brazil Kickstart

Eicher Motors - the niche bike maker on Wednesday said its new assembly facility in Brazil has commenced operations.

The CKD (completely knocked down) plant is a significant step forward in the company's plans in Latin America and reiterates the brand's commitment to the region, the company, a part of Eicher Motors.

Located in Manaus, capital of Amazonas state, the facility is the company's fourth CKD assembly unit across the world -- after Thailand, Colombia and Argentina -- in addition to its manufacturing and ancillary facilities located in India.

With an assembly capacity of more than 15,000 units per year, the facility will cater to growing demand in Brazil.

The facility will roll out the entire line-up of Royal Enfield motorcycles, including the new Classic 350, the Meteor 350, the Himalayan, and the 650 twin motorcycles -- Continental GT and the Interceptor.

Brazil has been a very strong market and is soon poised to be the single largest market for for the company outside of India.

Aster DM Healthcare Signs a New Contract

Aster DM Healthcare signed a Contract with Faruk Medical City, Iraq's leading healthcare service provider, to collaborate on capability development and academic and professional training programs for clinical staff and healthcare professionals in Iraq.

Faruk Medical City is a part of Faruk Investment Group - one of the largest investment groups in Iraq.

Through this partnership, doctors from Aster DM Healthcare will visit Faruk Medical City's state-of-the-art facilities to consult and provide surgical services which are not locally available and for which patients have to travel overseas.

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